Abstract
The correlation between individual management factors and per cent return on capital investment for 34 dairies (average 287 cows) over a three-year period was summarized. Such items as increasing total income, milk and butterfat production and culling percentage (annual rate of 46%); reducing concentrate feeding, herd replacement costs and total costs were statistically significant and indicative of greater financial returns. The average return on capital investment for the above dairies was 5.9%. In addition to management; land, capital and labor requirements were discussed.

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