Variable | Mean | Std. deviation | Min | Max |
Cost of seed | 180,805 | 193,621 | 10,000 | 560,000 |
Cost of fertilizer | 151,750 | 236,246 | 2000 | 700,000 |
Cost of other materials | 583,650 | 416,962 | 50,000 | 1,460,000 |
Transport costs | 421,342 | 620,158 | 20,000 | 1,800,000 |
Cost of labour | 1,390,281 | 1,499,088 | 180,000 | 5,600,000 |
Average total costs | 2,727,827 |
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Quantity of silage harvested (tons) | 20.8 | 32.1 | 3.0 | 84.0 |
Cost per ton | 130,938 |
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Silage fed/cow/day (kg) | 6.8 | 5.5 | 0.2 | 16 |
Dry season milk production/cow/day (no hay/silage) | 4.6 |
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Additional milk production/cow/day (litres) | 5.6 |
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Additional milk production/ton of silage | 823.5 |
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Average incremental milk income (changes at max price) | 856,440 (1,070,550) |
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Milk price/litre | 1040 (1300) |
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Benefit-cost ratio | 5.5 (7.1) |
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Profitability | 725,502 (939,612) |
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