The Evaluation of the Impact of Income Over Feed Cost, Feed Management and Dairy Advisory Teams on Dairy Farm Success

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Book Synopsis The Evaluation of the Impact of Income Over Feed Cost, Feed Management and Dairy Advisory Teams on Dairy Farm Success by : Marianne Buza

Download or read book The Evaluation of the Impact of Income Over Feed Cost, Feed Management and Dairy Advisory Teams on Dairy Farm Success written by Marianne Buza and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's dairy industry is complex and continuously improving. A producer's management of the operation is the most important item on the road to profitability. Since dairy farms are so complex, producers must master managing all of the areas of the business in order to achieve maximum profitability and productivity. Feed is the largest expense in producing milk. This makes proper management of feeding and nutrition pivotal to both profitability and productivity. Management of profit margins is necessary in order to make the best decisions for the dairy business. The effective use of different management tools, such as income over feed cost and dairy advisory teams, can lead to better profitability and productivity by helping dairy producers make the best management decisions. This thesis will discuss three studies that investigated 1) milk income and feed cost profit margins 2) current feed management on dairy farms, with an interest in by-product feed management 3) and the use of dairy advisory teams to improve overall farm success. With volatility in feed and milk markets, income over feed cost (IOFC) is a more advantageous measure of profit than simply feed cost per cow. The Pennsylvania State Extension Dairy Team IOFC tool was used to collect data from 95 Pennsylvania lactating dairy cow herds from 2009-2012 and to determine IOFC per cow per day. The data collected included average milk yield, milk income, purchased feed cost, ration ingredients, ingredient cost per ton, and amount of each ingredient fed. Feed costs for home-raised feeds for each ration were based on market values rather than on actual on-farm cost. Actual costs were used for purchased feed for each ration. Mean lactating herd size was 170 ±10.5 cows, and daily milk yield per cow was 31.7 kg ± 0.19kg. Mean IOFC was $7.71 ±$1.01 cost per cow ranging from -$0.33 in March, 2009 to $16.60 in September, 2011. Data was analyzed using a one-way ANOVA in SPSS. Values were grouped by quartiles and analyzed with all years combined as well as by individual year. Purchased feed cost per cow per day averaged $3.16 ± $1.07 for 2009-2012. For 2009-2012 combined, milk yield and IOFC did not differ with purchased feed cost. Intermediate levels (quartiles 2 and 3) of forage cost per cow per day between $1.45 and $1.97 per cow per day resulted in the greatest average IOFC of $8.19 and the greatest average milk yield of 32.3kg. Total feed costs in the fourth quartile ($6.27 or more per cow per day) resulted in the highest IOFC. Thus, minimizing feed cost per cow per day did not maximize IOFC. In 2010, the IOFC was highest at $8.09 for dairies that fed one or more commodity by-product feeds.Due to tight profit margins and volatility in feed costs, many producers incorporate by-product feeds into their rations. This study used an electronic survey to gather information about feeding management and the use of by-product feeds in rations for Pennsylvania dairy farms in 2013. The survey was sent to 200 dairy farms via email, and 41 surveys were completed. The survey was first sent out in November 2013 and the last response was received in April 2014. All data were collected for the month of September 2013. Survey responses showed that most (97.6%) of the responding Pennsylvania (PA) dairy producers fed a total mixed ration (TMR). Over half (58.5%) of the producers fed a 60:40 forage to concentrate ratio for the ration. Distillers grains and brewer's grains and yeasts were the most commonly used by-product feeds. Producers analyzed dry matter weekly or biweekly (60.9 %) or when switching feeds (34.1 %). Most TMR and forage nutrient testing was done when switching feeds, except for by-product commodity feeds, which most producers never nutrient tested. Most dairy producers used PC Dart as a management tool.Dairy producers continuously seek ways to improve their farm, and many choose to form a dairy advisory team (DAT) to improve management. The objectives were: (1) to compare key measures before and after the team in order to determine if the use of a DAT was effective and (2) to compare a group of 24 herds with a DAT to Pennsylvania (PA) averages for key measures. Teams were formed between May 2008 through January 2013. The range for herd size was 32-608 with a standard deviation of ± 13.96 cows. Herd size, milk yield, somatic cell score (SCS), peak milk yield, age at first calving (AFC), days in milk (DIM), pregnancy rate and cull and mortality rates were key measures analyzed. The changes in key measures, after using DAT for at least one year, were analyzed using a general liner model and contrasts. After DAT use for one year, herds had significantly (P

Economic Analysis of Automated Grain Feeding Systems on Dairy Farms in New York State

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Total Pages : 174 pages
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Book Synopsis Economic Analysis of Automated Grain Feeding Systems on Dairy Farms in New York State by : Michael J. Kelleher

Download or read book Economic Analysis of Automated Grain Feeding Systems on Dairy Farms in New York State written by Michael J. Kelleher and published by . This book was released on 1985 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Review of the Impact of Feed Costs on the Livestock Industry

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Total Pages : 160 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Review of the Impact of Feed Costs on the Livestock Industry by : United States. Congress. House. Committee on Agriculture. Subcommittee on Livestock, Dairy, and Poultry (2007- )

Download or read book Review of the Impact of Feed Costs on the Livestock Industry written by United States. Congress. House. Committee on Agriculture. Subcommittee on Livestock, Dairy, and Poultry (2007- ) and published by . This book was released on 2007 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Relationship of Dairy Farm Net Income to Specified Farm Management Factors

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Total Pages : 274 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Relationship of Dairy Farm Net Income to Specified Farm Management Factors by : John Albert Speicher

Download or read book Relationship of Dairy Farm Net Income to Specified Farm Management Factors written by John Albert Speicher and published by . This book was released on 1963 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimum Dairy Cow Replacement Policies to Maximize Income Over Feed Cost

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Total Pages : 246 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Optimum Dairy Cow Replacement Policies to Maximize Income Over Feed Cost by : Richard Walker Rundell

Download or read book Optimum Dairy Cow Replacement Policies to Maximize Income Over Feed Cost written by Richard Walker Rundell and published by . This book was released on 1967 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simulation of a dairy herd over a period of 15 years was used to examine replacement strategies among six operationally practical systems of culling cows which whould maximize income over feed costs. The strategies or criteria used to remove the lower ranking cows to a relatively constant herd size were: (1) Mature Equivalent (M.E.) milk production, (2) M.E. gross milk income, (3) actual milk production, (4) actual gross income, (5) income over feed cost, and (6) present value of expected gross income of cow and her subsequent replacements. Two each of prices of milk, fat differential, feed, and operational costs totaled 2 4 x 6 x 2 replications per trial or 192 replications. The following were treated as stochastic variables: (a) variation in milk production and milkfat percentage between cows and between lactations of the same cow, (b) chance of a calf being a heifer or bull, (c) chance of involuntary death or removal of cows and youngstock, and (d) chance of month of the year of involuntary removals. The mean and variance of the base herd approximated the average Michigan DHIA Holstein population in 1966. The sire value, approximating the best bulls used in A.I. was identical for any given year through all strategies and replications, but improved over time at the rate of 130 1b milk per year. Culls or cows removed because of low in each respective strategy were removed at the most profitable point to cull in their respective lactations by equating the milk income of the marginal month with the sun of the month's feed costs and monthly operational charges. Practical use of this simple method of determining when to cull cows within a lactation was demonstrated. A complete factorial design to analyze the generates data showed no significant differences between strategies under alternative combinations of prices in average income including salvage over feed cost per cow discounted to the present. This income was affected by the level of milk price (P

Mean-reversion in Income Over Feed Cost Margins

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Total Pages : pages
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Book Synopsis Mean-reversion in Income Over Feed Cost Margins by : Marin Bozic

Download or read book Mean-reversion in Income Over Feed Cost Margins written by Marin Bozic and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Annual Report

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ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Annual Report by : Queensland. Department of Agriculture and Stock

Download or read book Annual Report written by Queensland. Department of Agriculture and Stock and published by . This book was released on 1961 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Interstate Milk Producers' Review

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ISBN 13 :
Total Pages : 992 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Interstate Milk Producers' Review by :

Download or read book Interstate Milk Producers' Review written by and published by . This book was released on 1920 with total page 992 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dairy Expansion

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ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Dairy Expansion by : Wayne A. Knoblauch

Download or read book Dairy Expansion written by Wayne A. Knoblauch and published by . This book was released on 2003 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Annual Report of the Department of Agriculture and Stock for the Year ...

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ISBN 13 :
Total Pages : 568 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Annual Report of the Department of Agriculture and Stock for the Year ... by : Queensland. Dept. of Agriculture and Stock

Download or read book Annual Report of the Department of Agriculture and Stock for the Year ... written by Queensland. Dept. of Agriculture and Stock and published by . This book was released on 1959 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dairy Income, Costs and Profits Associated with Herd Size and Selected Forage Management and Feeding Systems

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Total Pages : 158 pages
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Book Synopsis Dairy Income, Costs and Profits Associated with Herd Size and Selected Forage Management and Feeding Systems by : Dennis D. Dornfeld

Download or read book Dairy Income, Costs and Profits Associated with Herd Size and Selected Forage Management and Feeding Systems written by Dennis D. Dornfeld and published by . This book was released on 1983 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bibliography of Agriculture

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ISBN 13 :
Total Pages : 1208 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Bibliography of Agriculture by :

Download or read book Bibliography of Agriculture written by and published by . This book was released on 1970 with total page 1208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tails Curtailed

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Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Tails Curtailed by : Marin Bozic

Download or read book Tails Curtailed written by Marin Bozic and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Livestock Gross Margin Insurance for Dairy Cattle (LGM-Dairy) is a risk management tool for protecting milk income over feed cost margins. In this article, we examine the assumptions underpinning the method used to determine LGM-Dairy premiums. Analysis of the milk-feed dependence structure is conducted using copula methods, a rich set of tools that allow modelers to capture nonlinearities in dependence among variables of interest. We find a significant relationship between milk and feed prices that increases with time-to-maturity and severity of negative price shocks. Extremal, or tail, dependence is the propensity of dependence to concentrate in the tails of a distribution. A common theme in financial and actuarial applications and in agricultural crop revenue insurance is that tail dependence increases the risk to the underwriter and results in higher insurance premiums. We present, to our knowledge, the first case in which tail dependence may actually reduce actuarially fair premiums for an agricultural risk insurance product. We examine hedging effectiveness with LGM-Dairy and show that, even in the absence of basis or production risk, hedging horizon plays an important role in the ability of this tool to smooth farm income over feed cost margins over time. Rating methodology that accounts for tail dependence between milk and feed prices extends the optimal hedging horizon and increases hedging effectiveness of the LGM-Dairy program.

DFBS Expert System for Analyzing Dairy Farm Businesses

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Total Pages : 28 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis DFBS Expert System for Analyzing Dairy Farm Businesses by : Linda D. Putnam

Download or read book DFBS Expert System for Analyzing Dairy Farm Businesses written by Linda D. Putnam and published by . This book was released on 1995 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Animal Husbandry Mimeograph Series

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ISBN 13 :
Total Pages : 622 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Animal Husbandry Mimeograph Series by :

Download or read book Animal Husbandry Mimeograph Series written by and published by . This book was released on 1999 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Annual Report - Queensland Department of Primary Industries

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ISBN 13 :
Total Pages : 720 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Annual Report - Queensland Department of Primary Industries by : Queensland. Department of Primary Industries

Download or read book Annual Report - Queensland Department of Primary Industries written by Queensland. Department of Primary Industries and published by . This book was released on 1977 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt:

World Agricultural Economics and Rural Sociology Abstracts

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ISBN 13 :
Total Pages : 708 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis World Agricultural Economics and Rural Sociology Abstracts by :

Download or read book World Agricultural Economics and Rural Sociology Abstracts written by and published by . This book was released on 1999 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: