FIFTEENTH ANNUAL YEAR BOOK — PART VII 463 



Net profit is what the cow has given j'ou for your care for her, rent 

 on money invested in her, and rent on money invested in her share of 

 the barn. 



Three months have now passed of the fourth year, and the prospects 

 are that we are going to smash every record held here by very large 

 margins. Tlie increase in butter-fat per cow in the association has been 

 forty pounds of butter-fat for the three years past. This year the indica- 

 tions are for comparatively much heavier increases. 



The herd record for any herd up to the present time is 285 pounds 

 per cow for a full herd, and second herd 263 pounds, third 252 pounds. 

 This year all these three herds will undoubtedly pass an average above 

 300 pounds of butter-fat, and I shall not be surprised to see five herds 

 passing that mark. The highest cow from last year has beaten her own 

 record for the same months last year with more than 2,000 pounds of 

 milk and sixty-five pounds of butter-fat for the three months, and she 

 will most likely raise the record with from 140 to 170 pounds of butter- 

 fat for the year. 



KECORDS FROM SLR. PEDERSON'S HERD. 



Now I shall give you facts and figures from our own herd. 



The first year of the testing association I was manager for a large 

 farm belonging in the association. The second year my oldest son and 

 myself started farming for ourselves, and went into the association. Our 

 cattle were mostly young, and we bought some few middle-aged cows. 

 They were high-grade Holsteins, with one exception, a pure bred registered 

 cow, and a pure bred registered bull. The second year we bought more 

 pure bred Holstein-Friesian cows, and also a pure bred heifer. Each 

 year of the two, our four poorest cov.s went to the butcher and were 

 replaced with heifers we raised from the best cows. 



First year, from March 1, 1911, to March, 1912, our best cow gave 7,574 

 pounds of milk, 270.5 pounds of butter-fat, and a net profit of $54.22; 

 our poorest cow gave 1,976 pounds of milk, 69.9 pounds of butter-fat, 

 and $1.56 in profit; average for the whole herd was 5,670 pounds of milk, 

 195.4 pounds of butter-fat, and $31.60 net profit. The highest cow paid 

 about $2.70 for every dollar's worth of feed she consumed, and the 

 lowest, $1.03 for every dollar's worth consumed; average for the herd, 

 $1.75 for every dollar's value consumed. We sold the four poorest cows 

 to the butcher, replaced them with three heifers of our own raising and 

 a pure bred cow which we bought. 



Second year, from March 1, 1912, to March, 1913, our best cow gave 

 11,779 pounds of milk, 439.9 pounds of butter-fat, and $106.30 in net 

 profit (this is the highest record for this testing association, our poorest 

 cow gave 2,723 pounds of milk, 126.4 pounds of butter-fat, $16.04 in net 

 profit; herd average, 7,060 pounds of milk, 251.9 pounds of butter-fat, 

 $53.96 net profit. 



The net profit per cow for the whole herd the second year, as you will 

 notice, was within 26 cents of our highest cow the first year. The best 

 cow produced butter-fat for 10^^ cents per pound, and returned $3.25 

 for every dollar's worth of feed consumed; poorest cow produced butter- 

 fat for 19 cents per pound, and returned $1.65 for every dollar's worth 

 of feed consumed. The herd, as a whole, produced butter-fat for 13 



