RKPORT OF DAIRY DIVISION. 1 3 



Dairy testing work is a plan for applying some of the sim- 

 plest forms of bookkeeping to the business of dairying. It is 

 primarily a system of dairy accounting. True it is that the 

 plan is not carried far enough to include the whole business of 

 dairying such as — 



1 . Inventory of stock and outfit. 



2. Expenditures ( investment, interest on investment, repairs, 



depreciation in value, mortality assessment, labor, etc.) 



3. Receipts, sale of stock, calves, by-products of the dairy, 



etc. 



I admit that a system of accounting complete in all its details 

 is desirable and I have confidence that eventually the business 

 of farming will be placed on a level that will recognize the need 

 of such a system of accounting. 



Perhaps some, if not all, the benefits which the member de- 

 rives from dairy testing work may be summarized as follows. 



BENEFITS TO MEMBER. 



lie learns : 



1. That all cows are not equally productive or profitable and 



that some cows, too many in fact, are actually loss 

 makers. 



2. That sometimes the most productive cow is not the most 



profitable. 



3. The actual daily, monthly, and yearly food cost to pro- 



duce a pound of milk fat, or a quart of milk by each 

 cow. 



4. The actual profit or loss per cow over cost of food con- 



sumed for any period of time, or in other words, the 

 dairy value of each cow. 



5. The relative feeding values of different roughages and 



grains. 



6. The value of an accounting system in conducting his dairy 



business. 



7. The diflFerence between guessing and knowing. 



8. That he can effect a saving through co-operation with 



other members of the association in the purchasing of 

 feed stuffs, grass seeds, and fertilizers, sufficient to 

 pay more than his part of all the running expenses of 

 the association. 



