THE ANNUAL COST OF PRODUCING MILK IN CONNECTICUT: ESTIMATES FOR 2011

Boris Bravo-Ureta, Jeremy Jelliffe (), Adam Rabinowitz, Joyce Meader (), Richard Meinert (), Joseph Bonelli () and Sheila Andrew ()
Additional contact information
Jeremy Jelliffe: University of Connecticut
Joyce Meader: University of Connecticut
Richard Meinert: University of Connecticut
Joseph Bonelli: University of Connecticut

No 1, Zwick Center Research Reports from University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy

Abstract: The average total cost of production for milk in Connecticut in 2011 is $31.52/cwt, based on a sample of 39 state dairy producers. Additional total cost of production (COP) estimates are provided for different farm-size classes, ranging from $26.05/cwt for the largest size class to $35.76/cwt for the smallest. The most significant costs to CT dairies are feed and labor, which make up close to 60% of total COP and are primarily responsible for the variation seen in the projected 2012 monthly COP estimates. Monthly estimates of the 2012 CT COP for milk are based on the 2011 COP, which is adjusted using USDA NASS indices and CT production figures for the corresponding month. The estimated COP for milk in CT has increased in every month in 2012, from $31.97/cwt in January to $39.10/cwt in September. The Statistical Uniform Price (SUP) for milk in Hartford, CT decreased monthly for the first half of 2012 and increased in each month of the third quarter, resulting in a net increase from January to September. Given the monthly trends in COP and the SUP, the value of payments to CT dairy farms under CT Public Act 09-229 has increased month-to-month from $6.95/cwt in January to $12.71/cwt in September.

Pages: 43
Date: 2012-12
New Economics Papers: this item is included in nep-agr and nep-eff
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Citations: View citations in EconPapers (2)

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Working Paper: The Annual Cost of Producing Milk in Connecticut: Estimates for 2011 (2012)
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