1 / 32

Modernizing Wisconsin’s Dairy Farms Train the Trainer Workshop June 20 – 21, 2002 Dairy Expansion Financial Case Studies

Modernizing Wisconsin’s Dairy Farms Train the Trainer Workshop June 20 – 21, 2002 Dairy Expansion Financial Case Studies by Scott Gunderson, Manitowoc County UW-Extension Dairy Agent and Tina Struyk, Sheboygan County UW-Extension Dairy & Livestock Agent.

ayasha
Télécharger la présentation

Modernizing Wisconsin’s Dairy Farms Train the Trainer Workshop June 20 – 21, 2002 Dairy Expansion Financial Case Studies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Modernizing Wisconsin’s Dairy Farms Train the Trainer Workshop June 20 – 21, 2002 Dairy Expansion Financial Case Studies by Scott Gunderson, Manitowoc County UW-Extension Dairy Agent and Tina Struyk, Sheboygan County UW-Extension Dairy & Livestock Agent

  2. Why the transition from tiestalls . . . to freestalls?

  3. Why the transition from tiestalls to freestalls? • Labor Efficiency * Milk 2-3 times more cows per hour per milker * Feeding - Once a day TMR - push in 3-4 times per day * Less time spent bedding stalls • Improved cow comfort • Improved operator health and safety • Increased $$ • Improved quality of life

  4. 1998 Financial Summary of 720 Wisconsin Dairy Farms Based on Herd Size1 1Source: Lakeshore and Fox Valley Farm Management Associations & UW-Extension Center for Dairy Profitability.

  5. 1998 Financial Summary of 720 Wisconsin Dairy Farms Based on Herd Size1 1Source: Lakeshore and Fox Valley Farm Management Associations & UW-Extension Center for Dairy Profitability.

  6. Class III Milk Price

  7. 2000 Financial Summary of 618 Wisconsin Dairy Farms Based on Herd Size1 1Source: Lakeshore and Fox Valley Farm Management Associations & UW-Extension Center for Dairy Profitability.

  8. 2000 Financial Summary of 618 Wisconsin Dairy Farms Based on Herd Size1 1Source: Lakeshore and Fox Valley Farm Management Associations & UW-Extension Center for Dairy Profitability.

  9. Retrofit or Turn Key ? Easier to Finance Assume: 50-cow Stall Barn Operation

  10. Staged growth allows producers to gain experience with: • Managing more cows and replacements • Information management systems • Managing freestalls • Various feed storage options • Drive-by TMR feeding • Managing employees

  11. Costs Associated with Staged-Growth Expansion (Manitowoc County Dairy Farms)

  12. Farm 1

  13. Farm 1

  14. Costs Associated with Staged-Growth Expansion (Manitowoc County Dairy Farms)

  15. Farm 2

  16. Farm 2

  17. Costs Associated with Staged-Growth Expansion (Manitowoc County Dairy Farms)

  18. Farm 3

  19. Farm 3

  20. Farm 3

  21. Farm 3

  22. Labor Efficiency of Selected Farms Before & After Staged Expansion

  23. 1998 Financial Trends of Selected Farms (before and after a staged expansion)

  24. 2000 Financial Trends of Selected Farms (before and after a staged expansion)

  25. 2001 Financial Trends of Selected Farms (before and after a staged expansion)

  26. 2000 3.51% 1999 7.56% 1998 9.20% 1997 5.42% 1996 5.36% 1995 5.57% In 2000 27% of the farms had a negative ROROA, while 7% had ROROA of greater than 10% The average ROROA of all farmsfrom 1995 to 2000 are listed below

  27. in 2000 . . . the Basic Cost Ratio Was .59 . . . The goal is .55 or lower

  28. The market value of Machinery & Equipment per cowon dairy farms with 151 or more cows was about half of its valueper cowon small farms.

  29. The market value of Buildings per cowwas relatively constant, with a slight increase for herds with greater than 250 cows. New facilities are the likely cause.

  30. Total Farm Liabilities Remained relatively constant at $2,500 per cow until herd sizes of 151 cows or greater were reached. After that the TFL was $3,350 per cow.

  31. Dairy Modernization may result in . . . • Improved cow comfort • Improved labor efficiency • Increased income • Improved quality of life

  32. For more information on annual Wisconsin Financial Summaries go to the UW-Extension Center for Dairy Profitability at: http://cdp.wisc.edu/

More Related