Dairy Farm Business Summary Progress Report

• Average of all farms
• Less than 700 cows
• 700 to 1,350 cows
• 1,350 cows and greater

The average of all farm section summarizes 111 farms that participated in the DFBS from 2021 and 2022 and 115 farms that participated in 2022. Some highlights from the average report include the following:

• The average number of cows and milk sold per farm both increased 2 percent, while there was a 0 percent change in milk pounds sold per cow.
• Hay and corn silage dry matter per acre decreased 11 percent and 4 percent respectively. This contributes to the 28 percent decrease in crop revenue per cwt. All crop input cost categories increased in 2022.
• Hired labor costs per cwt increased 5 percent from 2021. Cost per hired worker equivalent increased 6.3 percent. Labor efficiency also increased slightly with cows per worker increasing 0.7 percent and milk sold per worker increasing 1.1 percent.
• Total farm operating costs per cwt increased 18 percent.
• Net milk price increased 37 percent from 2021.
• 78 percent of accrual operating expense categories per cwt. increased in 2022.
• While most farm operating cost categories increased, the increase in milk price more than offset the increase in costs, leading to an increase in net farm income without appreciation per cwt. of 167 percent.

READ PROGRESS REPORT 3