ANALYSIS OF MILK PRODUCTION AND ECONOMIC EFFICIENCY IN DAIY FARMS
A. Popescu
Abstract
A. Popescu
Abstract
The paper aimed to present some aspects regarding milk production and farm size and their relationship to economic efficiency in dairy farming. For this purpose, three variants of hers size have been taken into consideration as follows: F1– raising 12 dairy cows whose milk yield is 3,500 kg /cow/lactation; F2- raising 50 dairy cows whose milk yield is 5,000 kg /cow and year and F3 – rearing 150 dairy cows, producing 6,000 kg milk per cow/year. For each variant, the following economic parameters have been determined: gross product, variable costs, fixed costs, gross margin, gross and net profit, profit rate and other specific indicators of economic efficiency such as: milk yield, milk cost, cost /cow/year, profit/cow, profit rate /cow, income /cow, profit/farm and profit rate at farm level. In conclusion, the higher the farm size and milk yield, the higher gross margin, net profit and profit rate .
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The paper aimed to present some aspects regarding milk production and farm size and their relationship to economic efficiency in dairy farming. For this purpose, three variants of hers size have been taken into consideration as follows: F1– raising 12 dairy cows whose milk yield is 3,500 kg /cow/lactation; F2- raising 50 dairy cows whose milk yield is 5,000 kg /cow and year and F3 – rearing 150 dairy cows, producing 6,000 kg milk per cow/year. For each variant, the following economic parameters have been determined: gross product, variable costs, fixed costs, gross margin, gross and net profit, profit rate and other specific indicators of economic efficiency such as: milk yield, milk cost, cost /cow/year, profit/cow, profit rate /cow, income /cow, profit/farm and profit rate at farm level. In conclusion, the higher the farm size and milk yield, the higher gross margin, net profit and profit rate .
Key concepts: Gross profit, Gross margin, Net profit, Profit (economics), Milk production, Profit margin, Variable cost, Agricultural science