| Typical New England Dairy Farm 2000 | ||||
| Compact Producer Payment Impact on Net Farm Earnings | ||||
| Per Cow | Farm | |||
| Avg. Herd Size | 97 | 97 | ||
| Lbs. Sold | 17,214 | 1,669,758 | ||
| Price of Milk (w/producer payment) | $13.96 | |||
| Milk Income | $2,403 | $233,098 | ||
| Plus Cattle Income | $133 | $12,901 | ||
| Plus Crop Income | $102 | $9,894 | ||
| Plus 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 (w/producer payment) | $240 | $23,287 | ||
| Plus Net Nonfarm Income | $85 | $8,245 | ||
| Minus Family Living and Taxes | $321 | $31,137 | ||
| Net Earnings (w/producer payment) | $4 | $395 | ||
| Per Cwt. | $0.02 | |||
| Impact of Producer Payment | ||||
| Net Farm Earnings With Producer Payment | $240 | $23,287 | ||
| Compact Producer Payment | $157 | $0.91 | $15,195 | |
| Net Farm Earnings Without Producer Payment | $83 | $8,092 | ||
| Net Earnings With Producer Payment | $4 | $395 | ||
| Net Earnings Without Producer Payment | ($153) | ($14,800) | ||
| Source: Special analysis developed for Northeast Farm Credit Association by James | ||||
| Putnam II, First Pioneer Farm Credit. Data combined from US Census of Agriculture, | ||||
| 2000, NASS/USDA; Milk Production, Disposition and Income Summary, 2000, | ||||
| NASS/USDA; and the Northeast Dairy Farm Summary, 2000, Northeast Farm Credit | ||||
| Associations. | ||||