2003 MICHIGAN DAIRY FARM BUSINESS ANALYSIS SUMMARY

This report summarizes the financial and production records of 141 dairy farms from throughout Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The farms in this report were located throughout Michigan. The records came from Michigan State University�s Telfarm/MicroTel project, the Farm Credit Service system, or by AgriSolutions in Michigan. The values were pooled into averages for reporting purposes. The farms are larger than would be the average of all dairy farms in Michigan. Farm records checked for accuracy. While considerable variation in the data exist, average values are reported in the summary tables and discussion that follow.