According to the Minnesota Farm Business Management program, the average cost of production for dairy farmers in the program was $17.65 per hundredweight last year. That compares to an average milk price of $18.81. Farms with 50 cows and less suffered an average loss of $15,000. Farms with over 50 cows stayed in the black after labor and management was factored in. Non-robotic dairies with three-times-per-day milking had the highest returns in 2019. The organic farms had the least in net returns.
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