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Dairy cow prices have fallen $500-$650 over the past 12 months to reach their lowest levels since 2009. The fall in prices has mirrored the drop in dairy the payout with the average milking cow now costing around $1500-$1600 compared to $2100 in June 2014.
The mean total costs for the dairy enterprise was 53 US-$/100 kg ECM with a standard deviation of 21.54 US-$/100 kg ECM. The highest average total costs of a dairy enterprise was found in Switzerland (156.87 US-$/100 kg ECM) while the lowest average cost was observed in UruguayÂ´s 119 cow farm (24.44 US-$/100 kg ECM)).62 Journal of Reviews on Global Economics, 2014, Vol. 3 Hemme et al. Cost of Milk Production Worldwide i) Total Costs of Dairy Enterprise The total costs of milk production analyzed in this study are depicted in Figure 5.