| Appendix Four -- Comparing Financial Performance of 9 Low
Capital Graziers Separated by Use of Two Other Management Practices. DRAFT |
|
|
| NFIFO = Net Farm Income from Operations |
| FFAMIS = Farm Financial Analysis and
Management Information System which is the name of the computer system used
by the Fox Valley and Lakeshore Farm Management Associations. There are data from over 800 farms, ranging
in size from 19 to 1300 cows, on the FFAMIS system. |
|
|
Average of 5 Non Seasonal Low
Capital Graziers |
Average of 4 Seasonal Low Capital
Graziers |
Average of 3 DHI LC Graziers |
Average of 6 Non DHI LC Graziers |
Average of 9 Low Capital
Graziers |
|
| $NFIFO |
|
|
|
|
| 1995 |
42,617 |
34,951 |
46,045 |
35,792 |
39,210 |
|
| 1996 |
42,817 |
23,839 |
48,831 |
27,158 |
34,382 |
|
| 1997 |
37,754 |
20,375 |
44,035 |
23,028 |
30,030 |
|
| 1998 |
67,501 |
42,837 |
75,058 |
47,280 |
56,539 |
|
|
|
|
|
| $NFIFO/ Forage Acre Harvested |
|
|
|
|
| 1995 |
269 |
288 |
328 |
251 |
276 |
|
|
| 1998 |
404 |
228 |
508 |
248 |
320 |
|
|
| 4 Yr. Ave.
(98 A.) |
285 |
162 |
362 |
175 |
227 |
|
|
|
|
| $ NFIFO/Cow |
|
|
| 1995 |
1,039 |
764 |
1,212 |
784 |
910 |
|
| 1996 |
1,015 |
456 |
1,221 |
543 |
737 |
|
| 1997 |
890 |
384 |
1,092 |
456 |
637 |
|
| 1998 |
1,527 |
668 |
1,831 |
800 |
1,066 |
|
| 4 Yr. Ave. |
1,118 |
568 |
1,339 |
646 |
837 |
|
|
|
|
| Cash Income/Cow |
|
|
| 1995 |
2532 |
1902 |
2575 |
2093 |
2234 |
|
| 1996 |
2769 |
1835 |
2733 |
2132 |
2304 |
|
| 1997 |
2409 |
1711 |
2510 |
1880 |
2060 |
|
| 1998 |
2930 |
2139 |
3169 |
2275 |
2505 |
|
|
|
| Cash Expense/Cow |
|
|
| 1995 |
1610 |
1394 |
1507 |
1508 |
1508 |
|
| 1996 |
1661 |
1301 |
1529 |
1463 |
1482 |
|
| 1997 |
1552 |
1324 |
1471 |
1425 |
1438 |
|
| 1998 |
1544 |
1396 |
1553 |
1434 |
1464 |
|
|
|
|
| Basic Cost/Cwt |
|
|
| 1995 |
|
|
| 1996 |
|
|
| 1997 |
|
|
| 1998 |
|
|
|
|
|
|
| Invest/Cow |
|
|
| 1995 |
5,142 |
3,995 |
6,552 |
3,787 |
4,601 |
|
| 1996 |
5,066 |
3,895 |
6,392 |
3,720 |
4,484 |
|
| 1997 |
5,297 |
4,829 |
6,523 |
4,480 |
5,063 |
|
| 1998 |
5,358 |
4,439 |
6,774 |
4,201 |
4,864 |
|
|
|
|
|
| Debt/Cow |
|
|
|
| 1995 |
1,163 |
1,602 |
1,145 |
1,463 |
1,370 |
|
| 1996 |
1,061 |
1,568 |
1,211 |
1,355 |
1,314 |
|
| 1997 |
1,024 |
2,490 |
946 |
2,081 |
1,757 |
|
| 1998 |
926 |
2,248 |
987 |
1,861 |
1,636 |
|
|
|
|
| Number of
Cows/Farm |
|
| 1995 |
41.00 |
45.80 |
38.00 |
45.70 |
43.10 |
|
| 1996 |
42.20 |
52.30 |
40.00 |
50.00 |
46.70 |
|
| 1997 |
42.40 |
53.00 |
40.33 |
50.50 |
47.10 |
|
| 1998 |
44.4 |
64.1 |
41 |
59.1 |
53.1 |
|
|
|
|
| Lbs
Milk/Cow |
|
| 1995 |
17,624 |
12,832 |
17,157 |
14,618 |
15,364 |
|
| 1996 |
16,709 |
10,616 |
16,412 |
12,583 |
13,677 |
|
| 1997 |
16,408 |
10,959 |
16,666 |
12,493 |
13,684 |
|
| 1998 |
17,009 |
11,735 |
17,800 |
12,919 |
14,176 |
|
|
| Annual Simple Ave.
Milk Price |
|
| 1995 |
13.25 |
14.04 |
13.56 |
13.62 |
13.60 |
|
| 1996 |
15.13 |
15.73 |
15.42 |
15.39 |
15.40 |
|
| 1997 |
13.07 |
13.68 |
13.33 |
13.34 |
13.34 |
|
| 1998 |
15.65 |
16.73 |
16.29 |
16.05 |
16.13 |
|
| 4 Year Ave. |
14.28 |
15.04 |
14.65 |
14.60 |
14.62 |
|
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