Alberta Agriculture and Forestry has released The Economics of Milk Production 2015, which details the cost of producing a hectolitre of milk in Alberta last year.
Higher feed prices pushed up production costs last year, but were partially offset by lower costs for fuel, utilities and labour (on an hours-per-cow basis). Overall costs were up two per cent last year.
Revenue was up by the same amount, largely because the volume of milk sold increased 10 per cent. Those gains were partially offset by a two per cent drop in milk prices.
The report, based on a survey of dairy producers, can be found at agriculture.alberta.ca.