More Related Content Similar to 2014 data show livestock data (20) 3. Number of Dairy Cows
Average Farm
20
70
120
170
220
Cow #s
117 122 128
140 134 140
160
170 179
184
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
The average number of dairy cows up again in 2014
Pg 50-51
4. Number of Dairy Cows –
Median income farms
40
90
140
190
240
Cow #s
106
138 134
152
162
123
184
220
152
223
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Pg 50-51
5. Production &
Returns per Cow
-400
-200
0
200
400
600
800
1000
1200
1400
16,000
17,000
18,000
19,000
20,000
21,000
22,000
23,000
24,000
25,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
# milk/cow return/cow
Milk production up slightly - Returns up Significantly
Pg 50-51
6. Milk Price less Feed Cost
8.15
7.1
9.93 9.62
7.31
9.9
7.44 7.49
10.56 10.22
7.99
11.88
11.26
6.21
9.02
11.01
9.35
9.93
14.15
0
2
4
6
8
10
12
14
16
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
DollarsperCWT
Returns UP!!!
Pg 50-51
7. Dairy Cows –
Costs and Gross Margin per CWT
Feed
Direct
Dir & Ovhd
Gross Margin
$0.00
$7.00
$14.00
$21.00
$28.00
Average Mid 40-60 High
$10.22 $10.34 $9.58
$15.57 $16.23
$13.67
$18.38 $18.44 $17.45
$23.64 $23.39
$24.61
Net Returns: $5.26 $4.95 $7.16
Pg 50
8. Dairy Cows – 3-yr view
Costs and Gross Margin per CWT
Feed
Direct
Dir & Ovhd
Gross Margin
$0.00
$7.00
$14.00
$21.00
$28.00
2012 2013 2014
$10.19 $10.37 $10.22
$14.86 $15.18 $15.57
$17.44 $17.81 $18.38
$18.72 $19.06
$23.64
Net Returns: $1.28 $1.25 $5.26
Pg 50
9. Dairy Cows –
Returns per Cow
Net: Dir, Ovhd, Lab & Mgt
Net: Dir & Ovhd
Net: Ovhd
Gross Margin
$0
$2,000
$4,000
$6,000
$8,000
Average Mid 40-60 High
$1,026 $1,051
$1,519
$1,249 $1,217
$1,800
$1,918 $1,761
$2,748
$5,618 $5,752 $6,187
Pg 51
10. Dairy Cows – 3-yr view
Returns per Cow
Net: Dir, Ovhd, Lab & Mgt
Net: Dir & Ovhd
Net: Ovhd
Gross Margin
$0
$2,000
$4,000
$6,000
2012 2013 2014$89
$90
$1,026
$290 $287
$1,249
$879 $895
$1,918
$4,263 $4,400
$5,618
Pg 65
12. How about 2015?
2014 % Change Est. 2015
Milk Produced 23,556 + 2% 24,027
Feed Cost $2,420.33 - 5% $2,299.31
Fuel $117.01 - 30% $81.91
Repairs $181.12 + 5% $190.18
Hired Labor $437.62 + 5% $459.50
Utilities $69.14 + 5% $72.60
Assuming all other expenses and income stay the same
13. 2015 Continued
2014 2015
Average Class III $22.34 $16.34*
Average Basis $2.14 $2.14
Average Pay Price $24.48 $18.48
Net Change - $6.00
Cost of Production $19.97 $19.17
Milk Price minus Feed Cost $14.14 $8.91
Net Return/Cow $1,026 - $141.74
* Based on April 2015 Dunn Dairy Outlook Report
14. Production &
Returns per Cow
-400
-200
0
200
400
600
800
1000
1200
1400
16,000
17,000
18,000
19,000
20,000
21,000
22,000
23,000
24,000
25,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
# milk/cow return/cow
Estimated 2015
Pg 50-51
15. Milk Price less Feed Cost
7.1
9.93 9.62
7.31
9.9
7.44 7.49
10.56 10.22
7.99
11.88
11.26
6.21
9.02
11.01
9.36
9.93
14.15
8.91
0
2
4
6
8
10
12
14
16
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
DollarsperCWT
Estimated 2015
Pg 50-51
16. Dairy Cows - MN Dairy Sort
Data by Size of Herd
-- All Dairy Herds,
including Organic --
17. Dairy Cows –
Number of Farms in database
0
100
200
300
400
Total <50
cows
51-
100
cows
101-
200
cows
201-
500
cows
> 500
cows
394
54
145
99
66
30
MN FBM Dairy Sort
20. Minnesota Dairy Sort
Selected Factors - Size and Production
16625
19916
21614
24018
26487
38 74
140
312
797
0
200
400
600
800
1000
1200
Up to 50
Cows
50 - 100
Cows
100-200
Cows
200-500
Cows
Over 500
Cows
Pounds of Milk No. of Cows
MN FBM Dairy Sort
21. Minnesota Dairy Sort
Selected Factors - Cost and Price
Feed
Dir & Ovhd
Dir, Ovhd, & Lab
Gross Margin
0.00
7.00
14.00
21.00
28.00
<50 Cows 51-100 101-200 201-500 >500 Cows
11.52 10.97 10.26 10.29 9.97
19.07 18.52 18.08 18.87 18.23
21.57
20.08 19.30 19.65 18.90
23.04
23.87 23.65 23.86 23.57
Ave Price = $24.43 Ave Cost w Labor = $19.40
MN FBM Dairy Sort
22. 11.52
10.97 10.26 10.29 9.97
16.18 15.55 15.04
15.74 15.80
19.07 18.52 18.08
18.87
18.23
21.57
20.08 19.30 19.65 18.90
9.00
17.00
25.00
Under 50
Cows
50 - 100
Cows
100 - 250
Cows
250 - 500
Cows
Over 500
Cows
Feed Cost
Direct
Minnesota Dairy Sort
Selected Factors – Production Costs MN FBM Dairy Sort
23. Minnesota Dairy Sort
Hired Labor and Operator Labor/Mgmt MN FBM Dairy Sort
2.50
1.56
1.22
0.78 0.67
0.37
0.88 1.31 2.08 2.35
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Up to 50
Cows
50-100
Cows
101-200
Cows
201-500
Cows
Over 500
Cows
Lbr & Mgt Charge Total Hired Labor
3.022.44 2.862.532.87
24. Dairy Sorts Expanded…
Sort - Includes All Robotic Dairy
Non-Robotic
Traditional
Non-Robotic
3X Milking Organic
Dairy
Initiatives
Sort - Excludes NA
All non-
robotic herds
Organic, Org.
Transition, 3X
Milking, Rot.
Grazing,
Robotics
Organic, Org.
Transition,
Rot. Grazing,
Robotics, non-
3X milk herds
All non-
organic herds
All non-Dairy
Initiative
herds
Number of Farms 390 9 327 33 15 96
Number of Cows 180.4 179.6 151.0 558.5 87.7 158.6
Milk Produced per Cow 23,556 24,742 22,923 26,075 13,041 22,518
Product/Animals Sold $5,716.23 $5,871.18 $5,582.60 $6,229.11 $3,978.38 $5,488.87
Gross Margin $5,581.78 $5,749.94 $5,423.43 $6,159.86 $3,807.30 $5,368.08
Feed Cost per Cow $2,420.33 $2,378.86 $2,369.73 $2,607.94 $1,967.27 $2,308.10
Veterinary $112.47 $144.85 $107.21 $129.98 $35.24 $105.77
BST $48.82 $36.56 $40.73 $75.96 $0.00 $34.60
Repairs $181.12 $246.46 $162.05 $207.55 $161.25 $177.79
Hired Labor - direct $258.84 $106.78 $190.65 $471.20 $88.78 $300.13
Hired Labor - Ovhd $178.78 $97.24 $193.33 $152.10 $140.14 $71.50
Interest $84.90 $219.92 $87.43 $67.78 $76.46 $78.48
Depreciation $168.16 $391.13 $155.93 $182.55 $88.58 $155.29
Total Dir &Ovhd Cost $4,345.28 $4,506.81 $4,194.56 $4,850.70 $3,176.84 $4,098.57
Net Return $1,236.50 $1,243.13 $1,228.87 $1,309.16 $630.46 $1,269.51
Cost of Prod - O&D $18.45 $18.22 $18.30 $18.60 $24.36 $18.20
Culling Percentage 30.3 27.8 29.1 33.7 28.9 29.8
Turnover Rate 37.4 36.1 36.5 40.2 33.6 36.8
Feed Cost per CWT $10.27 $9.61 $10.34 $10.00 $15.09 $10.25
Dairy Cows - Additional Sorts
25. Robotic Dairy
Robotic All 3X Herds Vs. 3X
Milk/Cow 24,742 23,556 26,075 -1,333
Feed Cost $9.61 $10.27 $10.00 - 0.39
Vet $144.85 $112.47 $129.98 + 14.87
Supplies $346.35 $341.93 $312.05 + 34.30
Repairs $246.46 $181.12 $207.55 + 38.91
Labor (total) $410.62 $661.57 $816.48 - 405.86
Utilities $148.66 $69.14 $67.89 + 80.77
Interest $219.92 $84.90 $67.78 + 152.15
Depreciation $391.13 $166.72 $182.55 + 208.58
COP
w/Labor
$19.71 $20.09 $19.78 - .07
Lbs 2,543,980 1,611,802 1,584,551 + 959,429
26. Robotic/3x Comparison (2)
Robotic 3X Difference
Labor $410.62 $816.48 - 405.86
Supplies,
Repairs,
Utilities,
Interest,
Depreciation
$1,352.52 $837.82 + 514.70
Total $1,753.14 $1,654.30 + 108.84
27. Robotic/3x Comparison (Labor Efficiency)
Robotic 3X Difference
Labor
Hrs/Cow
26.95 45.67 59%
$/Hr $15.24 $17.88
Milk/FTE 2,543,980 1,584,551 62%
28. 3X vs. Traditional
Traditional 3X Herds Difference
Milk/Cow 22,923 26,075 + 3,152
Hrs/Cow 39.23 45.87 + 6.64
Labor (total) $617.80 $816.48 + 198.68
Labor
Cost/CWT
Additional
Milk
$15.86
Lbs/FTE 1,627,611 1,584,511 - 43,100
Hrs/CWt .171 .176 - .005
Feed Cost $10.34 $10.00 - 0.34
COP $20.10 $19.78 - 0.32
29. Barn Style Comparisons
Tie-Stall Compost Free Stall Sand-Bedding
Milk/Cow 21,237 18,835 24,659 25,449
Hrs/Cow 44.13 33.18 42.76 45.78
Labor
(total)
$554.31 $524.56 $368.79 $740.03
Total
Costs/Co
w
$3,744.27 $3,961.58 $4,550.77 $4,578.25
Bedding $42.93 $187.03 $83.01 $89.56
Feed Cost 10.26 11.51 10.17 9.83
COP 19.67 $21.97 $19.88 $19.64
Net
Return
$1,039.88 $681.09 $1,083.16 $1,175.16
31. BST vs. Non-BST
BST Non-BST Difference
Milk Produced 25,581 23,280 + 2,301
Feed Costs $10.16 $10.26 - 0.10
Total Direct Costs $16.21 $15.42 + 0.79
Overhead Costs $2.71 $2.80 - 0.09
BST Cost $0.42 $0 + 0.42
BST
Cost/Additional
Milk
$4.65
Total COP $19.95 $20.03 - 0.08
32. Dairy Finishing –
Net Return & Price per Cwt up
82.40
100.04
110.26 113.17
130.69
8.98 12.39 7.05 3.07
48.66
2010 2011 2012 2013 2014
Price Recv'd/Cwt Net Return/Cwt
Pg 57
33. Beef Cow-Calf Returns -
Net per Cow
($200.00)
($100.00)
$0.00
$100.00
$200.00
$300.00
$400.00
$500.00
Net Return
$168.89
$61.38
($27.42)
($112.55) ($120.51)
$53.60
$127.61
$88.27
$36.61
$451.63
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Pg 60
34. Beef Cow/Calf Cost of Production Trends
0
20
40
60
80
100
120
140
160
180
2009 2010 2011 2012 2013 2014
Cost of Production per CWT
Produced
COP
35. Beef Cow-Calf –
Costs and Returns of Production per Cow
Feed
Direct
Dir & Ovhd
Gross Margin
$0
$450
$900
$1,350
$1,800
Average Mid 40-60 High
$508
$470 $482
$685 $618 $639
$844
$737 $787
$1,295
$1,183
$1,591
Net Returns: $451 $447 $804
Pg 60
36. Beef Cow-Calf –
Costs and Returns of Production per Cow
Feed
Direct
Dir & Ovhd
Gross Margin
$0
$450
$900
$1,350
$1,800
Average Up to 50 50-100 100-200 200-500
$508 $497 $529 $548
$397
$685 $676 $700 $725
$581
$844 $882 $870 $866
$696
$1,295 $1,217 $1,301 $1,313 $1,340
Net Returns: $451 $335 $431 $447 $644
Pg 61
37. Beef Finishing Returns -
Net per CWT
($10.00)
$0.00
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
Net Return
$5.50
($1.63)
($0.36) ($3.54)
$0.23
$14.38
$22.10
$5.21
$15.35
$57.76
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Pg 59
38. Farrow to Finish Hogs –
Net Return & Price per Cwt
54.03
71.61 69.43
70.52
104.32
2.90
7.62
2.28
8.42
32.42
2010 2011 2012 2013 2014
Price Recv'd/Cwt Net Return/Cwt
Not in Report
39. Finish Feeder Pigs –
Net Return & Price per Pig
85.74 85.82 89.60
98.79
63.84 63.89 66.84
73.61
15.07
2.86 3.13
15.03
2011 2012 2013 2014
Price Recv'd/Cwt Carcass Price/CWT live Wgt
Net Return/Cwt
Pg 62
40. Weaning to Finish Hogs–Grower
What makes up the Gross Margin?
8.08
8.46
12.07
11.23
5.66
2.38
7.08 4.26 3.68
Average Mid 40-60% High 20%
Net Return
Direct Exp
Overhead Exp
Pg 63
Note: Sort for returns is based on Return to Overhead
Gross Margin: $15.69 $18.39 $18.13
43. Thank you for listening to a review
of this year’s Farm Business
Management Annual Report
information.
