TABLE 12 - 3
Livestock Enterprise Analysis, 2002
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return Per Unit)
Beef Replacement Heifers -- Average per Head
Avg. Of
All Farms Low 20% High 20%
Number of farms 48 9 10
Quantity Value Quantity Value Quantity Value
Beef Replace sold (hd) 0.16 115.57 0.15 114.57 0.04 27.62
Transferred out (hd) 0.95 749.26 0.86 632.17 1.02 858.30
Butchered (hd) 0.00 0.49 - - - -
Less purchased (hd) -0.07 -41.42 -0.16 -89.58 - -
Less transferred in (hd) -0.80 -446.03 -0.90 -531.43 -0.95 -500.60
Inventory change (hd) -0.24 -127.44 0.04 38.92 -0.11 -58.86
Total production (hd) 0.00 250.44 0.00 164.64 0.00 326.45
Other income 9.41 9.78 10.62
Gross return 259.84 174.43 337.07
Direct Expenses
Barley (bu.) 1.78 3.15 1.71 2.66 1.29 2.48
Corn (bu.) 3.95 8.06 0.70 1.16 5.35 10.64
Corn Silage (lb.) 965.73 7.35 3,325.03 24.97 298.59 2.24
Hay, Alfalfa (lb.) 307.14 6.59 278.32 5.97 837.80 17.56
Hay, Grass & Other (lb.) 2,998.28 49.92 3,188.81 52.48 1,902.03 33.60
Oats (bu.) 3.92 5.90 2.89 4.43 0.55 0.90
Pasture (aum) 5.03 55.18 5.43 48.94 5.04 61.46
Complete Ration (lb.) 46.46 1.60 171.19 7.60 - -
Protein Vit Minerals (lb.) 38.68 4.91 39.02 6.91 31.55 3.00
Other feed stuffs 145.19 0.95 216.78 1.63 112.71 0.92
Breeding fees 0.80 2.64 -
Veterinary 5.65 5.28 5.89
Livestock supplies 3.00 4.74 2.19
Fuel & oil 1.86 7.18 1.34
Repairs 3.70 11.53 4.05
Custom hire 1.35 3.22 0.56
Operating interest 1.25 3.05 1.09
Total direct expenses 161.22 194.38 147.92
Return over direct expense 98.62 -19.96 189.15
Overhead Expenses
Hired labor 1.47 0.46 1.69
Farm insurance 2.11 8.03 1.06
Utilities 1.65 5.74 1.00
Dues & professional fees 0.35 1.84 0.11
Interest 3.71 18.25 2.11
Mach & bldg depreciation 4.21 18.28 2.25
Miscellaneous 1.45 3.24 1.18
Total overhead expenses 14.95 55.84 9.39
Total dir & ovhd expenses 176.17 250.23 157.31
Net return 83.67 -75.80 179.76
Other Information
No. purchased or trans in 27 17 34
Number sold or trans out 34 16 38
Average number of head 31 16 36
Percentage death loss 0.3 - 0.5
Feed cost per average head 143.61 156.74 132.81
Feed cost/head sold+trans 130.43 154.58 125.39
Avg. purchase weight 440 655 -
Avg. sales weight 795 998 981
Avg. purch price / head 604.47 556.96 -
Avg. sales price / head 743.90 744.73 653.67