With 147 farms participating in the DFBS for two years, from 2018 to 2019 the average farm herd size increased 6 percent and milk sold increased 7 percent. Worker equivalents also increased 2 percent leading to an increase of milk sold per worker of 5 percent from 2018 to 2019. Hired labor costs per worker equivalent increased 5 percent but hired labor costs per cwt remained unchanged as milk sold per worker increased. Net milk price increased 14 percent leading to a net milk income over purchased grain and concentrate per cow increase of 24 percent. Debt coverage ratio increased 86 percent leading to a decrease in farm debt per cow of 5 percent.
Highlighted factors associated with the five herd size ranges:
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