Neither do they include any possible changes in inventory values of either capital or non-capital assets or liabilities not otherwise accounted for by reported depreciation. Government assessments or deductions for various purposes are not included in the estimates of costs that are reported here. These estimates of the wholesale milk price do include whatever government assessments or deductions are in effect at any given time. Thus, one may think of costs as being understated, or prices as being overstated, by the sum of whatever government deductions and assessments happen to be in effect in the month or quarter of interest. At the same time, however, any refunds the farmer may later obtain are not included in returns as an offset to such assessments or deductions.
All costs listed apply to milk only.
Thus, the costs earlier shown for the months through December 1992 are different than those now being shown for those same months. Totals may not add due to rounding. 2 Includes dry cows. Excludes heifers not yet fresh. 3 Excludes milk sucked by calves.