This report summarizes the financial and production records of 132 dairy farms from throughout Michigan in 2007. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State University’s TelFarm project and the Farm Credit Service system in Michigan. The values were pooled into averages for reporting purposes. The farms are larger than would be the average dairy farm in Michigan. While considerable variation in the data exists, average values are reported in the summary tables and discussion.