TABLE 12 - 4
Livestock Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program Report
Farms Sorted By Net Return Per Unit)
Beef, Background Beef -- Average Per Cwt. Produced
Avg. Of
All Farms Low 20% High 20%
Number of farms 86 17 17
Quantity Value Quantity Value Quantity Value
Backgnd Beef sold (lb) 291.30 240.89 306.91 258.29 230.90 195.44
Transferred out (lb) 40.90 31.52 50.12 36.56 60.23 45.69
Butchered (lb) 0.86 0.61 2.78 1.79 0.90 0.59
Less purchased (lb) -36.32 -30.89 -0.22 -0.27 -6.02 -6.47
Less transferred in (lb) -210.63 -187.02 -222.16 -203.12 -228.05 -197.24
Inventory change (lb) 13.89 -2.59 -37.44 -56.87 42.03 25.86
Total production (lb) 100.00 52.53 100.00 36.38 100.00 63.86
Other income 0.48 2.10 1.09
Gross return 53.01 38.47 64.95
Direct Expenses
Barley (bu.) 1.97 2.97 3.26 4.63 0.69 1.04
Corn (bu.) 2.16 3.89 3.26 5.82 1.18 2.22
Corn Silage (lb.) 467.47 4.06 115.61 0.92 62.10 0.48
Hay, Alfalfa (lb.) 41.35 0.94 122.04 2.67 41.47 1.04
Hay, Grass & Other (lb.) 357.74 6.14 530.58 9.01 430.32 7.35
Oats (bu.) 1.50 1.69 4.52 4.60 1.14 1.17
Pasture (aum) 0.08 1.13 0.32 4.37 0.12 1.56
Straw (lb.) 29.35 0.18 82.83 0.53 25.02 0.20
Complete Ration (lb.) 102.91 4.16 60.19 2.52 75.27 3.22
Creep / Starter (lb.) 11.39 0.61 2.66 0.18 62.42 3.29
Protein Vit Minerals (lb.) 37.64 5.19 15.91 2.71 8.71 1.85
Other feed stuffs 15.56 0.49 24.26 0.53 0.62 1.12
Veterinary 2.32 2.44 0.66
Livestock supplies 0.86 1.32 0.99
Fuel & oil 0.70 1.27 0.34
Repairs 1.42 2.80 0.89
Custom hire 0.32 0.63 0.30
Hauling and trucking 0.21 0.55 0.41
Marketing 1.56 1.44 1.11
Bedding 0.18 0.38 0.28
Operating interest 1.11 2.21 0.23
Total direct expenses 40.12 51.53 29.75
Return over direct expense 12.89 -13.05 35.20
Overhead Expenses
Hired labor 1.05 1.44 1.04
Farm insurance 0.32 0.53 0.17
Utilities 0.47 0.76 0.33
Dues & professional fees 0.10 0.27 0.11
Interest 0.99 1.50 0.64
Mach & bldg depreciation 0.89 1.51 0.62
Miscellaneous 0.53 0.96 0.22
Total overhead expenses 4.36 6.97 3.14
Total dir & ovhd expenses 44.48 58.49 32.89
Net return 8.53 -20.02 32.06
Other Information
No. purchased or trans in 136 87 115
Number sold or trans out 135 105 106
Percentage death loss 0.4 0.6 0.3
Avg. daily gain (lbs) 1.64 1.32 1.78
Lbs of conc / lb of gain 4.01 5.63 3.20
Lbs of feed / lb of gain 9.79 13.10 8.17
Feed cost per cwt of gain 31.44 38.50 24.54
Feed cost per head 60.36 61.23 53.64
Average purchase weight 594 - -
Average sales weight 736 - -
Avg purch price / cwt 85.05 - -
Avg sales price / cwt 82.69 84.16 84.64