AVERAGE INCOME AND EXPENSES
FOR GENSKE, MULDER & CO. ARIZONA DAIRY CLIENTS
FOR THE YEAR ENDED DECEMBER 31, 2002
AMOUNT
PER CWT
PER COW
INCOME:
Milk
Calves and heifers
Patronage dividend
Other
Total income
$5,364,788
118,683
25,443
85,296
$5,594,210
EXPENSES:
Feed:
Hay and silage
Grain
Less cost of feeding heifers
Total feed
$1,220,082
1,770,516
(340,402)
$2,650,196
$2.62
3.79
(0.73)
$5.68
$498
722
(139)
$1,081
$479,901
261,605
$741,506
$1.03
0.56
$1.59
$196
107
$303
$495,283
600,727
218,155
305,373
167,710
227,787
14,132
30,074
156,273
172,010
84,114
45,683
41,962
20,251
13,622
66,629
36,565
20,849
3,236
(81,954)
$2,638,481
$1.06
1.29
0.48
0.65
0.36
0.49
0.03
0.06
0.34
0.37
0.18
0.10
0.09
0.04
0.03
0.14
0.08
0.04
0.01
(0.18)
$5.66
$202
245
89
124
68
93
6
12
64
70
34
19
17
8
6
27
15
9
1
(33)
$1,076
Herd replacement cost:
Depreciation - dairy cows
Loss on sale of cows
Total herd replacement cost
Other operating expenses:
Interest and rent
Labor
Depreciation - other
Milk hauling
Promotion
Supplies
Posilac - BST
Corral cleaning
Repairs and maintenance
Utilities
Taxes and licenses
Insurance
Fuel and oil
Legal and accounting
Employee benefits
Veterinary and breeding
Testing and trimming
Hauling livestock
Miscellaneous
Less cost of raising heifers
Total other expenses
$11.51
0.25
0.06
0.18
$12.00
$2,189
48
10
35
$2,282
Total expenses
NET LOSS
AVERAGE DAIRY STATISTICAL DATA:
Average number of milking cows
Average daily production per cow
Average butterfat test
Average protein test
Herd turnover rate
$6,030,183
($435,973)
$12.93
($0.93)
$2,460
($178)
1,992
64
3.63 %
3.33 %
25.36 %
The above average Arizona dairy income and expenses for the year ended December 31, 2002
financial statements of a large number of our clients. This is provided as a service to our client
them in comparing their results of operations with those of averages of other Arizona dairies.
This report does not statistically represent the averages for the Arizona dairy industry since our
random sample of the dairy industry. It is, however, a management tool to make your financial
to you. We welcome your suggestions and comments on this report.
PERCENT
95.9 %
2.1
0.5
1.5
100.0 %
21.8 %
31.7
(6.1)
47.4 %
8.5 %
4.7
13.2 %
8.8 %
10.7
3.9
5.4
3.0
4.1
0.3
0.5
2.8
3.1
1.5
0.8
0.8
0.4
0.2
1.2
0.7
0.4
0.1
(1.5)
47.2 %
107.8 %
(7.8) %
2 is prepared from the
ts in order to assist
r client base is not a
l statement more useful