COST OF PRODUCTION 167 



In selling milk for $i per hundred, the receipts are 

 $72.74 less than the expense. Deducting this 

 amount from the actual charges made for manure, 

 in the growing of the crops — $1.50 per ton — there 

 remains $482.26, which represents the profits from 

 34 cows, an amount too small to make the business 

 pay. In rural districts, however, where pasture is 

 abundant, the cost of feed would not be as great as 

 where soiling crops supply the entire ration, with 

 the exception of concentrates. 



At 3j4 cents per quart, the price that would have 

 been received at wholesale, the receipts would have 

 amounted to $3,450.09. Deducting the cost of pur- 

 chased feeds, labor and interest and decrease in the 

 value of the herd, amounting to $1,572.85, we have a 

 balance of $1,877.24, which represents the value of 

 the home-grown crops ; or, in other words, at 33^ 

 cents per quart for milk, the farm would sell its 

 produce to the dairy at profitable prices, namely, 

 $4.62 per ton for soiling crops, $6.94 for silage, 

 $14.45 for hay and $11.56 for dried corn stover, a 

 gain over cost of production of $3.02 per ton for 

 soiling crops, $4.54 for silage, $9.45 for hay and $7.56 

 for dried corn stover, besides an additional gain 

 represented by 370 tons of manure. 



Looking at the question of profit from another 

 standpoint, we will assume that the dairyman per- 

 forms the work himself. Deducting, therefore, the 

 item of labor, which amounted to $600, from the 

 total cost of production ($2,221.65), we have a bal- 

 ance of $1,621.65. Dividing this amount by the total 

 pounds of milk produced (214,891), we find the cost 



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