| Typical New England Dairy Farm, 2000 Attachment 3 |
| Compact Payment
Impact on Net Farm Earnings* |
|
|
|
|
Per Cow |
Farm |
| Avg. Herd Size |
97 |
97 |
|
|
|
| Price of Milk |
$ 13.96 |
$ 13.96 |
| Compact price |
$0.91 |
|
| Lbs. Sold per Cow |
17,214 |
1,669,758 |
| Milk Income per Cow |
$
2,403 |
233,098 |
|
|
|
| +
Cattle Income |
133 |
12,901 |
| +
Crop Income |
102 |
9,894 |
| +
Other Income |
302 |
29,294 |
| Value of Farm Production |
$
2,940 |
$
285,187 |
|
|
|
| Adj. Cash Operating
Expenses |
$ 2,425 |
235,225 |
| Depreciation |
275 |
26,675 |
| Adj. Farm Operating
Expenses |
$ 2,700 |
$
261,900 |
|
|
|
| Net Farm Earnings* |
$
240 |
$
23,287 |
| + Net Nonfarm Income |
85 |
8,245 |
| -Family Living & Taxes |
321 |
31,137 |
| Net Earnings |
$
4 |
$ 395 |
| Per Cwt. |
0.02 |
|
|
|
|
| Compact
Payment Impact on Net Farm Earnings* |
| Net Farm Earnings
w/Compact |
$
240 |
$
23,287 |
| Compact Producer Price
Payment |
$157 |
$15,197
|
| Net Farm Earnings w/o
Compact |
$
84 |
$8,090 |
|
|
|
|
|
|
|
|
|
| Source: Special analysis developed for Northeast Farm Credit Associations by James |
| Putnam II, First Pioneer Farm Credit. Data combined from US
Census of
Agriculture, |
| 1997, NASS/USDA; Milk
Production, Disposition and Income Summary, 2000, |
| NASS/USDA; and the Northeast Dairy Farm Summary, 2000, Northeast Farm Credit |
| Associations. |
|
|
|
|
|
|
|
|
| *Analysis added
by Compact Commission |
|
|
|
|