18 



16 



14 



12 



NET INCOME FUNCTIONS FOR 

 THREE MILK PRICES. 

 MEDIUM MILK RESPONSE FUNCTION. 

 CROPLAND = 100 ACRES 



< 



o 



Q 



Li_ 

 O 



(/) 

 Q 8 



z: 

 < 

 (/) 



3 

 O 



I 



10 



$ 5.00/CWT 



$6.00/CWT 



$ 4.00/CWT 



NO HAY SALES 



HAY SALES AT 

 $27, 00/ TON 



20 



30 40 



COWS 



60 



Figure 4. Net income functions for 100 acres of cropland and various num- 

 bers of medium quality cows with 3 prices for milk and with and without hay 

 sales. 



23 



