TABLE 12 - 6
Livestock Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State 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 91 18 19
Quantity Value Quantity Value Quantity Value
Backgnd Beef sold (lb) 262.81 216.12 351.05 279.83 222.83 193.24
Transferred out (lb) 84.67 71.29 113.82 85.34 53.06 47.04
Butchered (lb) 1.81 1.30 4.26 3.04 0.94 0.62
Less purchased (lb) -19.22 -19.08 -14.44 -15.04 -13.01 -13.58
Less transferred in (lb) -197.88 -194.28 -314.43 -305.73 -141.43 -134.14
Inventory change (lb) -32.19 -16.25 -40.27 -15.27 -22.40 -10.01
Total production (lb) 100.00 59.09 100.00 32.17 100.00 83.17
Other income 0.03 - -
Gross return 59.11 32.17 83.17
Direct Expenses
Barley (bu.) 1.00 1.95 2.16 3.60 0.56 1.22
Corn (bu.) 3.26 7.03 6.53 14.06 1.96 4.20
Corn Silage (lb.) 386.55 3.22 890.06 6.80 215.61 1.64
Hay, Alfalfa (lb.) 42.22 1.02 64.45 1.22 35.85 0.89
Hay, Grass & Other (lb.) 455.48 8.43 684.96 13.42 373.42 6.47
Oats (bu.) 0.94 1.17 1.09 1.16 0.55 0.79
Pasture (aum) 0.11 1.75 0.08 1.02 0.17 2.66
Complete Ration (lb.) 146.36 4.83 83.01 5.30 89.78 3.95
Creep / Starter (lb.) 20.90 1.27 20.56 1.35 48.02 2.71
Protein Vit Minerals (lb.) 34.40 3.42 21.81 4.04 24.82 2.23
Other feed stuffs 77.34 0.80 54.88 0.96 46.93 0.42
Veterinary 2.71 3.05 1.20
Livestock supplies 1.20 1.06 1.71
Fuel & oil 0.51 0.84 0.31
Repairs 1.10 1.77 0.56
Custom hire 0.49 0.31 0.15
Livestock leases 0.52 0.63 1.06
Marketing 1.93 2.55 1.04
Bedding 0.16 0.59 0.01
Operating interest 0.62 0.52 0.11
Total direct expenses 44.13 64.26 33.31
Return over direct expense 14.98 -32.08 49.86
Overhead Expenses
Hired labor 0.49 1.05 0.16
Farm insurance 0.33 0.56 0.15
Utilities 0.49 0.67 0.16
Interest 0.51 0.63 0.28
Mach & bldg depreciation 0.73 1.33 0.34
Miscellaneous 0.52 0.59 0.22
Total overhead expenses 3.06 4.82 1.32
Total dir & ovhd expenses 47.20 69.07 34.63
Net return 11.92 -36.90 48.54
Other Information
No. purchased or trans in 124 125 141
Number sold or trans out 141 132 161
Percentage death loss 0.6 1.5 0.3
Avg. daily gain (lbs) 1.53 1.29 1.79
Lbs of conc / lb of gain 4.70 6.41 3.17
Lbs of feed / lb of gain 11.30 17.10 8.19
Feed cost per cwt of gain 34.89 52.95 27.17
Feed cost per head 60.98 79.64 59.00
Average purchase weight 475 - -
Average sales weight 716 697 744
Avg purch price / cwt 99.31 - -
Avg sales price / cwt 82.23 79.71 86.72
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