AGR 2350 Lecture Notes - Lecture 2: Yogurt, Protein Set, Tank Truck

• School: University of Guelph
• Department: Agriculture
• Course: AGR 2350
• Professor: Vern Osborne

Document Summary

Bovine milk production and processing is centrally planned and regulated. Overall production is matched to overall consumption (supply management, canadian. Farms are private sector business, typically operated by one family. Each farm needs to have an amount of milk quota (license to produce an amount of milk) Transport of milk to processors is coordinated by marketing agency. Marketing agency sets buying price for processors within each province. Farmers sell all milk to a marketing agency, which then sells the milk to processors. Quantity of milk fat and milk protein. 30 kg/d x 4% fat = 1. 2 kg. 30 kg/d x 3. 5% protein = 1. 05 kg. 30 kg/d x 5. 74& os = 1. 72 kg. Protein $ 8. 17/kg x 1. 05 kg = . 58. Os . 61/kg x 1. 72 kg = . 77. Total gross per cow/day value = . 99. Quota cost = 25,000/kg of fat for this cow you need 1. 2 kg of quota = ,000.