This article looks at the profitability of Wisconsin dairy farms for the years 2014, 2015, and 2016. The objective of the analysis included:
- Comparing profitability both across and within farms of different herd sizes
- Evaluating the sources of profitability
- Assessing not only the midpoint, but also the range of results
The main take away from this article is that the median level of profitability increased as herd size increased. However, no matter the herd size there was a range of profitability below and above the median level. Thus, regardless of herd size, and the economics at play in different sized farms, there is room for management to effect profitability.
The full article can be found here.