Costs of Producing Milk, 1989 and 1990

Annette Clauson, Kenneth Mathews and Hosein Shapouri

No 309665, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: The total economic cost of producing milk in the United States was $14.74 per hundredweight (cwt) of milk in 1989 and $14.98 in 1990. On a per cow basis, the U.S. cost of producing milk was $2,171.70 in 1989 and $2,274.83 in 1990. The average return (residual returns to management and risk) for U.S. dairy producers was higher in 1990, at $0.14 per cwt compared with $0.11 in 1989. Although the average economic cost of producing milk increased in 1990, producers received an increase of $0.20 per cwt in U.S. milk prices, higher receipts for dairy cattle sold, and an increase of almost 500 pounds in milk output per cow, yielding average cash receipts of $15.12 per cwt of milk sold.

Keywords: Livestock Production/Industries; Production Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 20
Date: 1992-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:309665

DOI: 10.22004/ag.econ.309665

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