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Think Break #10

Think Break #10. You work for UWEX and have data on several farms in your seven county district You look at all farms with similar sized milking parlors and a similar number of workers You calculate the average production per cow as the number of cows varies among the farms

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Think Break #10

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  1. Think Break #10 • You work for UWEX and have data on several farms in your seven county district • You look at all farms with similar sized milking parlors and a similar number of workers • You calculate the average production per cow as the number of cows varies among the farms • Use these data in the table to recommend the optimal milk output and herd size

  2. Think Break #10 (VC = $3350/cow) • Fill in the missing MC’s • If the milk price is $14/cwt, what is the optimal milk output and farm size?

  3. Think Break #10 Answer = (211000 – 144000) (14490 – 9640) = (345000 – 278000) (24100 – 19320) P = MC when Milk = 241,000 cwt with 100 cows

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