PENNSYLVANIA MILK MARKETING BOARD
FARM COST OF MILK PRODUCTION 2007 PENNSYLVANIA FARM DATA UPDATED TO MARCH 2009
SEP 2008 PA Milk Pounds SEP 2008 Number of Cows PA Average Per Cow 919,000,000 550,000 1,671 Year 2007 Amount $ $ $ $ $ $ $ $ $ 190,224,729 8,351,872 2,901,283 1,502,565 3,632,807 161,744 270,186 1,058,688 208,103,874 $ $ $ $ $ $ $ $ $ Average 2007 Average per CWT $ $ $ $ $ $ $ $ $ 20.6991 0.9088 0.3157 0.1635 0.3953 0.0176 0.0294 0.1152 22.6446 Mar 2009 Cost Per Cwt 14,846,445 20,373,311 46,687,957 7,342,810 5,153,752 7,737,980 9,453,753 5,456,103 8,305,922 4,068,413 3,539,988 5,783,267 4,931,354 3,688,866 3,685,190 10,523,469 1,157,940 57,897 2,937,124 2,090,725 1,646,848 1,487,861 303,270 171,260,245 36,843,629 9,948,175 26,895,454 26.99 37.04 84.89 13.35 9.37 14.07 17.19 9.92 15.10 7.40 6.44 10.52 8.97 6.71 6.70 19.13 2.11 0.11 5.34 3.80 2.99 2.71 0.55 311.38 66.99 18.09 48.90 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1.6155 2.2169 5.0803 0.7990 0.5608 0.8420 1.0287 0.5937 0.9038 0.4427 0.3852 0.6293 0.5366 0.4014 0.4010 1.1451 0.1260 0.0063 0.3196 0.2275 0.1792 0.1619 0.0330 18.6355 4.0091 1.0825 2.9266 1.07 Consumer Price Index 1.81 2.49 4.14 0.84 0.55 0.54 1.11 0.36 0.93 0.36 0.39 0.68 0.55 0.43 0.40 1.17 0.13 0.01 0.36 0.23 0.18 0.16 0.03 17.84 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
Revenue Payment for Milk Livestock Sales Crop Sales Patronage Refunds Ag Program Payment Custom Hire Income Crop Insurance Miscellaneous Total Revenue 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)
Per Cow 345.86 15.19 5.28 2.73 6.61 0.29 0.49 1.92 378.37
* 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-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Weighting LY Avg !
Alfalfa 211 221 166 230 222 223 210 201 204 199 203 193
$ $ $ $ $ $ $ $ $ $ $ $
Corn Soybeans 4.88 $ 11.00 4.60 $ 11.00 5.61 $ 11.90 5.84 $ 11.80 6.09 $ 12.30 6.60 $ 13.50 6.68 $ 14.20 5.56 $ 12.10 5.80 $ 11.70 5.03 $ 8.66 4.16 $ 9.20 3.96 $ 8.97 8.00% 100.00% 11.36 9.13 -19.63% -17.94%
41.00% 51.00% 206.92 5.00 * * Mar-09 166 $ 4.19 $ -19.78% -16.20% Percent increase (decrease) in feed cost 20,396 366 55.73 1,671 31 53.90
2008 U.S. Milk per Cow Days Pounds per Day Mar 09 PA Milk / Cow Days Pounds per Day
Consumer Price Index (CPI-U) Jan-08 211.080 Feb-08 211.639 Mar-08 213.528 Apr-08 214.823 May-08 216.632 Jun-08 218.815 Jul-08 219.964 Aug-08 219.086 Sep-08 218.783 Oct-08 216.573 Nov-08 212.425 Dec-08 210.228 Average 215.3 Mar-09 212.709
May-09
Fuel Prices 349.2 351.7 406.7 428.9 461.4 486.3 486 450.2 417.5 372.9 314.2 267.2 $ $ * $ $ 9.50 10.30 8.45% 3/2/2009 3/9/2009 3/16/2009 3/23/2009 3/30/2009 $ $ $ $ $ 2.314 2.287 2.254 2.315 2.399 3.994 2.314
Interest Prime Rate
6.98 6 5.66 5.24 5 5 5 5 5 4.56 4 3.61
Feed 172 187 197 188 188 211 200 219 201 192 170 167 191 166
Mar-09
Seeds Fertilizer Chemicals Supplies 211 241 135 141 211 260 139 140 211 277 139 143 275 344 135 144 275 364 139 145 275 386 142 146 275 454 144 146 275 478 143 150 275 516 152 153 275 469 146 157 275 450 154 156 275 410 144 156 259 275
Mar-09
Repairs 155 155 155 155 155 156 156 157 156 156 157 157 156 158
Mar-09
Custom Service 125 125 125 125 125 125 125 144 144 144 144 144 133 144
Mar-09
5.09 3.25
Mar-09
387 315
Mar-09
143 160
Mar-09
148 154
Mar-09
* 2008 Field & Livestock Wage Feb-09 Jan 11-17, 2009 Mar-09
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