| Appendix Five -- Comparing Financial Performance of 19 Graziers when Separated For Calving Practice, and DHI Use. DRAFT | |||||||
| NFIFO = Net Farm Income from Operations | |||||||
| 15 Non Seasonal Graziers | 4 Seasonal Graziers | 9 DHI Graziers | 10 Non DHI Graziers | Average of 19 Graziers | |||
| $NFIFO | |||||||
| 1995 | 42,745 | 34,951 | 52,896 | 30,492 | 41,104 | ||
| 1996 | 47,838 | 23,839 | 60,362 | 26,967 | 42,786 | ||
| 1997 | 47,488 | 20,375 | 56,625 | 28,420 | 41,780 | ||
| 1998 | 73,500 | 42,837 | 86,697 | 49,358 | 67,045 | ||
| $NFIFO/Forage Acre Harvested | |||||||
| 1995 | 255 | 288 | 303 | 216 | 262 | ||
| 1998 | 323 | 228 | 497 | 286 | 387 | ||
| 4 Yr. Ave. (98 A.) | 323 | 162 | 409 | 196 | 278 | ||
| $NFIFO/ Cow | |||||||
| 1995 | 832 | 764 | 905 | 712 | 819 | ||
| 1996 | 844 | 456 | 922 | 574 | 768 | ||
| 1997 | 823 | 384 | 862 | 584 | 737 | ||
| 1998 | 1,165 | 668 | 1,253 | 850 | 1,059 | ||
| 4 Yr. Ave. (98 A.) | 916 | 568 | 986 | 680 | 846 | ||
| Cash Income/Cow | |||||||
| 1995 | 2660 | 1902 | 2800 | 2163 | 2,514 | ||
| 1996 | 2907 | 1835 | 3013 | 2296 | 2,695 | ||
| 1997 | 2671 | 1711 | 2776 | 2124 | 2,482 | ||
| 1998 | 3035 | 2139 | 3231 | 2429 | 2,844 | ||
| Cash Expense/Cow | |||||||
| 1995 | 1868 | 1394 | 1912 | 1612 | 1,777 | ||
| 1996 | 1926 | 1301 | 1950 | 1618 | 1,803 | ||
| 1997 | 1867 | 1324 | 1921 | 1564 | 1,760 | ||
| 1998 | 1881 | 1396 | 1937 | 1605 | 1777 | ||
| Basic Cost | |||||||
| 1995 | |||||||
| 1996 | |||||||
| 1997 | |||||||
| 1998 | |||||||
| Invest/Cow | |||||||
| 1995 | 6,619 | 3,995 | 6,743 | 5,346 | 6,116 | ||
| 1996 | 6,369 | 3,895 | 6,425 | 5,200 | 5,881 | ||
| 1997 | 6,636 | 4,829 | 6,701 | 5,769 | 6,280 | ||
| 1998 | 6,215 | 4,439 | 6,468 | 5,159 | 5,837 | ||
| Debt/Cow | |||||||
| 1995 | 2,128 | 1,602 | 2,132 | 1,898 | 2,027 | ||
| 1996 | 2,094 | 1,568 | 2,100 | 1,853 | 1,990 | ||
| 1997 | 2,192 | 2,490 | 2,083 | 2,455 | 2,251 | ||
| 1998 | 1,979 | 2,248 | 1,946 | 2,134 | 2,037 | ||
| Numbers of Cows | |||||||
| 1995 | 51.4 | 45.8 | 58.4 | 42.8 | 50.2 | ||
| 1996 | 56.7 | 52.3 | 65.4 | 47.0 | 55.7 | ||
| 1997 | 57.7 | 53.0 | 65.7 | 48.6 | 56.7 | ||
| 1998 | 63.1 | 64.1 | 69.2 | 58.2 | 63.3 | ||
| Lbs. Milk Sold/Cow | |||||||
| 1995 | 18,043 | 12,832 | 18,813 | 14,869 | 17,043 | ||
| 1996 | 17,036 | 10,616 | 17,138 | 13,428 | 15,769 | ||
| 1997 | 17,485 | 10,959 | 18,002 | 14,010 | 16,200 | ||
| 1998 | 17,449 | 11,753 | 18,430 | 13,873 | 16,231 | ||
| Annual Ave.Milk Price | |||||||
| 1995 | 13.23 | 14.04 | 13.38 | 13.42 | 13.4 | ||
| 1996 | 14.9 | 15.73 | 15.12 | 15.04 | 15.08 | ||
| 1997 | 13.14 | 13.68 | 13.38 | 13.15 | 13.26 | ||
| 1998 | 15.45 | 16.73 | 15.87 | 15.59 | 15.72 | ||
| 4 Yr. Ave. | 14.18 | 15.04 | 14.44 | 14.30 | 14.36 | ||