80 IOWA DEPARTMENT OF AGRICULTURE. 



Amount received $5,365.62 



Amount expended 3,738.00 



Profit $1,627.62 



This is not an extremely large profit, but it should be remembered 

 that very average conditions have been considered, creamery prices al- 

 lowed for only a fairly large production and only veal prices allowed for 

 calves. Although 25 cents may be considered a large price for skim 

 milk, it would be worth a dollar per hundred were it fed to pure bred 

 calves or hogs. If the farmer himself wished to work quite hard it 

 would be possible to get along with one less man and thus add another 

 $480 to his profits annually; or, if as is the rule in theoretical farming, 

 the manure and calves are allowed to pay for the hired help, then the 

 Income would be $5,140.62, the expense $1,818, and the net profit $3,322.62. 



Now let us presume that the farm is located close enough to a city 

 so that the product can be marketed in the form of 30 per cent cream at 



3 cents per point for butter fat, which is quite a common wholesale price, 

 and that his cows are pure bred and producing the same as the grades 

 except that the calves would be worth $25 when they reached a salable 

 age of six or eight weeks. 



30 per cent cream (145 gal. per cow) 7,250 gals, at 90c $6,525.00 



45 calves (90 per cent of crop saved) at $25 each 1,125.00 



Skim milk (after feeding calves 1-2) 145,800 lbs. at 25c 364.50 



Total income $8,014.50 



4 men at $40 per month $1,920.00 



Extra help in making hay and silage 200.00 



Insurance on cows at $2.00 each 100.00 



Insurance on 1 bull at $2 2.00 



Interest on money invested in cows ($5,000) at 6 per cent 300.00 



Interest on money in bull ($100) at 6 per cent 6.00 



Interest on 80 acres at $200 per acre at 6 per cent 960.00 



Interest on money invested in horses, machinery, etc. ($1,500), 



at 6 per cent 90.00 



Wear and tear, insurance and breakage on same at 10 per cent. . . 150.00 

 30 ton concentrated protein feed at $23 690.00 



Total $4,418.00 



Total income $8,014.50 



Total expenses 4,418.00 



Total profit $3,596.50 



Figuring in this manner the profits are more than doubled and the 

 dairy farmer has for himself $3,596.50, with only his taxes and insurance 

 on the farm buildings to pay. And these figures are reasonable except 

 that the income figured at much lower prices than many breeders are at 

 the present time receiving for their cream, calves and skim milk, but I 

 have tried to keep so far within the bounds of reason, that my audience 

 may not say — as I really expect said — "theoretical — impractical." 



