10 



The following Table (3) shows the actual average prices charged for homegrown foods, 

 on the basis of market prices, over the whole of the farms in Great Britain from which records 

 were obtained. 



TABLE 3. 







Average Market Price of Homegrown Foods Fed to Cows in Great Britain. 



(FIRST PERIOD.) 



The method of valuing Homegrown Foods on the basis of market prices lias been 

 adopted in this Report, and as it is recognised that the cost of these foods is one of the chief 

 determining factors in the cost of milk, and that the market prices adopted contain an ele- 

 ment of profit, the Committee have prepared the following Table (4). This Table give* an 

 alternative scale of market prices, so that the effect of varying prices on the cost of production 

 of milk may be readily seen. 



If the quantities of food fed to cows during this period remained the same when changes 

 in prices occurred, the costs per gallon of milk would vary, as shown in the second column 

 under the heading of each food item in Table 4. Thus, in the case of hay, the average cost 

 of hay per gallon of milk was 7'03d. when the price was 14, but should the price fall to 6, 

 the quantity fed remaining the same, the cost would be 3'01d. per gallon of milk. 



TABLE 4. 



Cost per Gallon on Milk at varying Prices for Homegrown Foods Fed to Coir.--. 

 (Showing Effect on Gallon Cost of Milk.) 



It is necessary to point out that the method of valuing Homegrown foods applies not only 

 to those fed to cows, but also those fed to other dairy stock, and that the method of valuation 

 has some influence on the net charge on the cost of producing milk as a result of the keeping 

 of these stocks. The loss shown on other dairy cattle, which has been charged to the milk, 

 would certainly have been less, and might not have appeared at all, had Homegrown Foods 

 fed to them been charged on a cost basis. 



X. MAINTENANCE OF HERDS 



The net cost of maintaining the cows in the herds after taking into account the opening 

 and closing valuations and including a- loss of 3,233 arising from deaths of cows was AM, 677. 



The value of the cows in the closing valuations was 3,568 less than in the opening 

 valuations, but the values of the cows sold and transferred out exceeded by 1,891 those 

 purchased and transferred in, leaving the net decrease of 1,677 mentioned aho\c. 



The number of cows in the closing valuation was '255 less than at the commencement. 



The average \alne per head was slightly greater ni the close of the period, tlie figures 

 being at commencing valuation 3U 10s. per head; at dosing valuation llO 13s. per head 



