16 



14 



10 



8 



NET INCOME FUNCTIONS 

 FOR THREE MILK PRICES. 

 LOW MILK RESPONSE FUNCTION. 

 CROPLAND = 100 ACRES 



$5.00/CWT 



$6.00/CWT 



NO HAY SALES 



$4.00/CWT 



HAY SALES AT 

 $27.00/ TON 



10 



20 



30 



40 



50 



60 



COWS 



Figure 3. Net income functions for 100 acres of cropland and various num- 

 bers of low quality cows with 3 prices for milk and with and without hay sales. 



22 



