Cost of Producing Milk in Illinois Portion of the St Louis Milkshed
Cost of Producing Milk in Illinois Portion of the St Louis Milkshed
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2 Example: The cost of producing 100 pounds of milk in herds pro- ducing between 7, 500 and 8, 000 pounds of milk per cow would be determined thus: 3 Farm grain 24 pounds @ $40 a ton . ;, :. ......... $. 48 Protein meal 7 pounds @ 60 a ton 21 Hay 44 pounds 25 a ton 55 Silage 51 pounds @ 10 a ton 26 Pasture 2. 4 days @ 12 cents a day 29 Man labor. . . . 1. 8 hours @ 40 cents an hour. . . . 72 $2. 51 Add 42. 7 percent of $2. 51 1 . 07 Total cost $3 . 58 While this method of computing milk costs i...s reasonably accurate, it requires a good many calculations. Current prices must be determined for each feed and a current value placed on the hourly labor.
Simpler method expressed in charts. A quicker, simpler method of applying prices to feed and labor under changing price-levels seemed desirable. The one worked out here and translated into charts (Figs. 1 to 4) has been developed by (1) using the price movements of an impor- tant grain, such as corn, as the measure of fluctuations in the cost of feed and other items that tend to fluctuate with feed; and (2) using the 1 Recent studies have shown that feed and labor costs constitute from 70 to 80 percent of the net cost of milk production.
What to read after Cost of Producing Milk in Illinois Portion of the St Louis Milkshed?
You can find similar books in the "Read Also" column, or choose other free books by R H Wilcox to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
2 Example: The cost of producing 100 pounds of milk in herds pro- ducing between 7, 500 and 8, 000 pounds of milk per cow would be determined thus: 3 Farm grain 24 pounds @ $40 a ton . ;, :. ......... $. 48 Protein meal 7 pounds @ 60 a ton 21 Hay 44 pounds 25 a ton 55 Silage 51 pounds @ 10 a ton 26 Pasture 2. 4 days @ 12 cents a day 29 Man labor. . . . 1. 8 hours @ 40 cents an hour. . . . 72 $2. 51 Add 42. 7 percent of $2. 51 1 . 07 Total cost $3 . 58 While this method of computing milk costs i...s reasonably accurate, it requires a good many calculations. Current prices must be determined for each feed and a current value placed on the hourly labor.
Simpler method expressed in charts. A quicker, simpler method of applying prices to feed and labor under changing price-levels seemed desirable. The one worked out here and translated into charts (Figs. 1 to 4) has been developed by (1) using the price movements of an impor- tant grain, such as corn, as the measure of fluctuations in the cost of feed and other items that tend to fluctuate with feed; and (2) using the 1 Recent studies have shown that feed and labor costs constitute from 70 to 80 percent of the net cost of milk production.
What to read after Cost of Producing Milk in Illinois Portion of the St Louis Milkshed?
You can find similar books in the "Read Also" column, or choose other free books by R H Wilcox to read onlineMoreLess
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