TABLE 12 - 5
Livestock Enterprise Analysis, 2003
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return Per Unit)
Beef Replacement Heifers -- Average Average Head
Avg. Of
All Farms Low 20% High 20%
Number of farms 50 10 10
Quantity Value Quantity Value Quantity Value
Beef Replace sold (hd) 0.15 127.12 0.14 107.51 0.26 238.66
Transferred out (hd) 0.99 825.85 1.17 956.48 0.78 695.48
Butchered (hd) 0.00 1.06 0.00 4.43 - -
Less purchased (hd) -0.19 -112.45 -0.17 -100.96 -0.54 -323.21
Less transferred in (hd) -0.56 -327.91 -0.85 -546.21 -0.51 -270.42
Inventory change (hd) -0.39 -206.96 -0.30 -235.59 0.01 54.20
Total production (hd) 0.00 306.71 0.00 185.66 0.00 394.71
Other income 0.40 - -
Gross return 307.11 185.66 394.71
Direct Expenses
Corn (bu.) 5.24 11.19 4.49 9.36 4.67 9.63
Corn Silage (lb.) 1,093.66 8.48 880.69 5.21 1,430.14 11.27
Hay, Alfalfa (lb.) 289.67 5.99 290.15 6.15 439.13 8.27
Hay, Grass & Other (lb.) 2,703.49 46.82 6,248.08 114.63 933.91 14.22
Pasture (aum) 4.37 50.10 4.39 48.18 4.45 37.63
Complete Ration (lb.) 296.90 7.53 165.32 7.70 144.81 7.21
Protein Vit Minerals (lb.) 33.76 5.43 31.43 4.16 27.42 6.30
Other feed stuffs 340.63 7.80 220.56 4.97 18.30 5.38
Veterinary 6.43 6.99 3.51
Livestock supplies 3.25 3.03 1.33
Fuel & oil 1.75 1.98 1.36
Repairs 4.08 6.69 3.08
Custom hire 1.74 2.38 2.05
Marketing 2.01 0.54 7.28
Bedding 1.00 2.49 0.74
Operating interest 1.40 3.82 0.80
Total direct expenses 165.00 228.28 120.06
Return over direct expense 142.11 -42.62 274.65
Overhead Expenses
Hired labor 1.54 1.43 1.76
Farm insurance 1.56 2.76 1.19
Utilities 1.82 2.98 1.95
Interest 2.64 3.26 3.62
Mach & bldg depreciation 3.39 5.52 2.61
Miscellaneous 2.04 3.53 1.98
Total overhead expenses 12.99 19.48 13.10
Total dir & ovhd expenses 178.00 247.76 133.16
Net return 129.11 -62.10 261.55
Other Information
No. purchased or trans in 21 21 36
Number sold or trans out 32 27 36
Average number of head 28 20 35
Percentage death loss 0.1 - -
Feed cost per average head 143.34 200.35 99.90
Feed cost/head sold+trans 126.01 152.62 96.01
Avg. purchase weight 713 - -
Avg. sales weight 1,062 1,080 1,076
Avg. purch price / head 591.11 - -
Avg. sales price / head 839.92 779.43 914.87
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