The process by which the information and data in the foregoing 

 sections of this bulletin are combined into an economic analysis of the 

 replacement problem is called a farm budget. A budget for a typical farm 

 measures the effects of changes in the number of replacements raised and 

 the number of cows kept on the net income obtained by the farmer from 

 his farming operations. 



Table 19. Production and Utilization of Forage on a Typical Small Dairy Farm on Which 

 All Required Dairy Herd Replacements are Raised, Price Situation 1^^ 



^ See Appendix Table 12 for the production and utilization of forage under price situation II. 



39 



