Dairy Benchmarking Assignment Questions. 1. Explain the difference in labor costs and why their might be such a drastic difference. 2. The average milk price paid for the bottom 10% of producers is nearly $5.00/cwt less than the producers in the 100% percentile, what can dictate milk price? (you will need to do a little research) 3. Calculate the difference in feed cost for a farm in the 30th percentile and one in the 80% percentile assuming they both have 250 cows. 4. If you were a dairy farmer what percentile would you need to be in for net return to remain profitable. Explain your answer. 5. If you are a 500-cow dairy and are in the bottom 10% for net return how much money did you make last year? 6. List 5 figures that stood out when looking through this analysis 7. In general, write a brief synopsis of what you have learned from this analysis. (2 paragraphs)