PENNSYLVANIA MILK MARKETING BOARD
FARM COST OF MILK PRODUCTION 2007 PENNSYLVANIA FARM DATA UPDATED TO SEPTEMBER 2008*
SEP 2008 PA Milk Pounds SEP 2008 Number of Cows PA Average Per Cow 838,000,000 548,000 1,529 Year 2007 Per Cow $ $ $ $ $ $ $ $ $ 316.01 13.63 5.04 2.48 5.66 0.26 0.40 1.64 345.12
Revenue Payment for Milk Livestock Sales Crop Sales Patronage Refunds Ag Program Payment Custom Hire Income Crop Insurance Miscellaneous Total Revenue $ $ $ $ $ $ $ $ $
Amount 173,172,700 7,471,608 2,764,562 1,356,722 3,099,762 141,622 221,232 896,660 189,124,868
Average per CWT $ $ $ $ $ $ $ $ $ 20.6650 0.8916 0.3299 0.1619 0.3699 0.0169 0.0264 0.1070 22.5686 Sep-08 Average per CWT
Expenses Unreported Management Labor * Volume Sensitive Management Labor * Labor, Agricultural Employee Benefit Program Feed Purchased Repairs (Machinery & Equip) Rent (Real Estate) Interest, Mortgages Supplies Gasoline, Fuel & Oil Milk Marketing Fees Fertilizers Utilities Custom Work Vet & Medicine Seeds & Plants Insurance (Business) Miscellaneous Taxes (Business) Milk Testing Chemicals (Sprays, Pestic.) Repairs (Real Estate) Breeding Fees Rent (Machinery & Equip) Freight & Trucking Vehicle Total Expenses Gross Margin Depreciation ** Enterprise Income (net of Depreciation) 14,680,922 17,940,742 42,471,516 6,830,538 4,650,900 6,730,816 8,866,040 4,974,368 7,532,782 3,558,986 3,305,910 5,301,188 4,619,056 3,443,342 3,377,140 9,313,532 1,238,564 83,800 2,660,650 1,884,662 1,650,860 1,229,346 294,138 156,639,798 32,485,070 9,071,350 23,413,720 26.79 32.74 77.50 12.46 8.49 12.28 16.18 9.08 13.75 6.49 6.03 9.67 8.43 6.28 6.16 17.00 2.26 0.15 4.86 3.44 3.01 2.24 0.54 285.84 59.28 16.55 42.73 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1.7519 2.1409 5.0682 0.8151 0.5550 0.8032 1.0580 0.5936 0.8989 0.4247 0.3945 0.6326 0.5512 0.4109 0.4030 1.1114 0.1478 0.0100 0.3175 0.2249 0.1970 0.1467 0.0351 18.6921 3.8765 1.0825 2.7940
Index Farm Labor Rates Not Changed Farm Labor Rates Farm Labor Rates Feed Commodities Prices Repairs Index Consumer Price Index Prime Rate Change Consumer Price Index On-Highway Diesel Price Not Changed Fertilizer Index Consumer Price Index Custom Work Index Consumer Price Index Seeds Index Consumer Price Index Consumer Price Index Not Changed Not Changed Chemicals Index Not Changed Not Changed Consumer Price Index On-Highway Diesel Price Consumer Price Index
1.87 2.28 6.82 0.90 0.59 0.50 1.28 0.91 0.98 0.96 0.45 0.73 0.63 0.55 0.43 1.28 0.15 0.01 0.35 0.22 0.20 0.16 0.04 22.29
1.14
Consumer Price Index
* Management Labor estimated based on report issued by Center for Rural Pennsylvania ** Depreciation based on "Economic Depreciation" of: 10% of Machinery Fair Market Value 5% of Buildings Fair Market Value
Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Weighting LY Avg
Alfalfa 156 159 159 159 161 156 161 171 191 195 206 219
$ $ $ $ $ $ $ $ $ $ $ $
Corn Soybeans 4.04 $ 6.37 4.03 $ 6.87 3.98 $ 6.95 3.97 $ 6.88 4.20 $ 7.12 4.32 $ 7.51 4.18 $ 7.56 3.98 $ 7.72 4.02 $ 8.18 3.80 $ 8.36 4.01 $ 9.41 4.28 $ 10.40 8.00% 100.00% 7.78 11.70 50.39% 31.77%
41.00% 51.00% 174.42 4.00 * * Sep-08 204 $ 5.63 $ 16.96% 40.75% Percent increase (decrease) in feed cost 20,267 365 55.53 1,529 30 50.97
2007 U.S. Milk per Cow Days Pounds per Day SEP 08 PA Milk / Cow Days Pounds per Day
Consumer Price Index (CPI-U) Jan-07 202.4 Feb-07 203.5 Mar-07 205.4 Apr-07 206.7 May-07 207.9 Jun-07 208.4 Jul-07 208.3 Aug-07 207.9 Sep-07 208.5 Oct-07 208.9 Nov-07 210.2 Dec-07 210.0 Average 207.3 Sep-08 219.086
Aug-08
Fuel Prices 258.1 256.8 270.4 286.1 286.6 288.2 293.4 291.2 302.6 316.8 350.1 352.2 $ $ * 9.70 9.50 -2.06% $ $ $ $ $ 4.307 4.246 4.166 4.081 4.073 2.960 4.175
Interest Prime Rate
8.25 8.25 8.25 8.25 8.25 8.25 8.25 8.25 8.03 7.74 7.5 7.33
Feed 140 148 150 148 147 149 149 149 151 155 161 166 151 201
Sep-08
Seeds Fertilizer Chemicals Supplies 186 182 129 140 186 186 129 140 186 202 130 140 211 209 130 140 211 210 130 140 211 211 130 140 211 212 130 140 211 208 130 141 211 214 130 140 211 213 133 140 211 220 132 141 211 230 133 141 205 275
Sep-08
Repairs 153 153 153 153 153 155 155 155 156 156 155 155 154 156
Sep-08
Custom Service 125 125 125 125 125 125 125 125 125 125 125 125 125 144
Sep-08
8.05 5.00
Sep-08
208 468
Sep-08
131 146
Sep-08
140 155
Sep-08
* 2007 Field & Livestock Wage $ Aug-08 $ July 6-12, 2008
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9/1/2008 9/8/2008 9/15/2008 9/22/2008 9/29/2008