TABLE 12 - 8
              Livestock Enterprise Analysis, 2001                         
     North Dakota Farm Business Management Education Program             
                          State Report                                  
             (Farms Sorted By Net Return Per Unit)                     
         Dairy Replacement Heifers -- Average per Head               
                                                Avg. Of       
                                               All Farms     
     Number of farms                               17         
                                          Quantity     Value
     Replacements sold (hd)                   0.50    187.55
     Transferred out (hd)                     0.28    291.65
     Cull sales (hd)                          0.00      0.50
     Butchered (hd)                           0.01      3.47
     Less purchased (hd)                      0.00     -4.78
     Less transferred in (hd)                -0.75   -112.45
     Inventory change (hd)                   -0.05     87.53
     Total production (hd)                    0.00    453.47
     Other income                                         - 
     Gross return                                     453.47
     Direct Expenses
       Barley (bu.)                           4.24      6.22
       Corn (bu.)                             9.91     16.88
       Corn Silage (lb.)                  2,576.83     22.11
       Hay, Alfalfa (lb.)                 1,237.34     35.46
       Hay, Grass & Other (lb.)           2,014.92     35.55
       Oatlage (lb.)                        187.62      1.20
       Oats (bu.)                            10.29     12.92
       Pasture (aum)                          1.63     22.70
       Complete Ration (lb.)                298.82     17.97
       Milk (lb.)                           143.06     13.26
       Protein Vit Minerals (lb.)         1,385.03     40.54
       Other feed stuffs                    522.24      9.05
       Breeding fees                                    3.18
       Veterinary                                      16.50
       Livestock supplies                               7.53
       Fuel & oil                                       7.51
       Repairs                                         12.17
       Custom hire                                      3.81
       Operating interest                               1.74
     Total direct expenses                            286.29
     Return over direct expense                       167.18
     Overhead Expenses
       Custom hire                                      3.20
       Hired labor                                     19.69
       Machinery & bldg leases                          1.94
       Farm insurance                                   3.63
       Utilities                                        8.38
       Interest                                         7.26
       Mach & bldg depreciation                        12.20
       Miscellaneous                                    5.92
     Total overhead expenses                           62.22
     Total dir & ovhd expenses                        348.51
     Net return                                       104.97
     Other Information
     No. purchased or trans in                            48
     Number sold or trans out                             49
     Average number of head                               63
     Percentage death loss                               6.7
     Feed cost per average head                       233.85