| Typical New England Dairy Farm 1999 | ||||
| Compact Producer Payment Impact on Net Farm Earnings | ||||
| Per Cow | Farm | |||
| Avg. Herd Size | 94 | 94 | ||
| Price of Milk (w/ producer payment) | $15.70 | |||
| Lbs. Sold | 16,792 | 1,578,448 | ||
| Milk Income | $2,636 | $247,816 | ||
| Plus Cattle Income | $120 | $11,285 | ||
| Plus Crop Income | $63 | $5,894 | ||
| Plus Other Income | $224 | $21,062 | ||
| Value of Farm Production | $3,043 | $258,058 | ||
| Adj. Cash Operating Expenses | $2,472 | $232,333 | ||
| Depreciation | $283.00 | $26,579 | ||
| Adj. Farm Operating Expenses | $2,754 | $258,912 | ||
| Net Farm Earnings (w/producer payment) | $289 | $27,146 | ||
| Plus Net Nonfarm Income | $88 | $8,253 | ||
| Minus Family Living and Taxes | $338 | $31,806 | ||
| Net Earnings (w/producer payment) | $38 | $3,593 | ||
| Per Cwt. | $0.23 | |||
| Impact of Producer Payment | ||||
| Net Farm Earnings With Producer Payment | $289 | $27,146 | ||
| Compact Producer Payment | $82 | $0.49 | $7,734 | |
| Net Farm Earnings Without Producer Payment | $207 | $19,412 | ||
| Net Earnings With Producer Payment | $38 | $3,593 | ||
| Net Earnings Without Producer Payment | ($44) | ($4,142) | ||
| Source: Special analysis developed for Northeast Farm Credit Association by James | ||||
| Putnam II, First Pioneer Farm Credit. Data combined from US Census of Agriculture, | ||||
| 1999, NASS/USDA; Milk Production, Disposition and Income Summary, 1999, | ||||
| NASS/USDA; and the Northeast Dairy Farm Summary, 1999, Northeast Farm Credit | ||||
| Associations. | ||||