TABLE 12 - 9
              Livestock Enterprise Analysis, 2003    
   North Dakota Farm Business Management Education Program    
                         State Report    
             (Farms Sorted By Net Return Per Unit)      
               Dairy -- Average Per Cwt Of Milk         
                                          Avg. Of 
                                         All Farms
   Number of farms                             19         
                                        Quantity     Value
   Milk sold (lb)                          99.33     12.68
   Milk used in home (lb)                   0.18      0.01
   Milk fed to animals (lb)                 0.49      0.05
   Dairy Calves sold (hd)                   0.00      0.07
   Transferred out (hd)                     0.00      0.49
   Cull sales (hd)                          0.00      0.81
   Butchered (hd)                           0.00      0.01
   Less purchased (hd)                      0.00     -0.22
   Less transferred in (hd)                 0.00     -1.82
   Inventory change (hd)                    0.00      0.05
   Total production                                  12.14
   Other income                                       1.01
   Gross return                                      13.15
   Direct Expenses
     Barley (bu.)                           0.17      0.34
     Corn (bu.)                             0.36      0.85
     Corn Silage (lb.)                     61.87      0.50
     Hay, Alfalfa (lb.)                    35.74      1.12
     Haylage, Alfalfa (lb.)                 7.82      0.14
     Oatlage (lb.)                          5.55      0.08
     Screenings, Heavy (lb.)                2.04      0.12
     Screenings, Light (lb.)                1.21      0.14
     Complete Ration (lb.)                  9.43      0.62
     Protein Vit Minerals (lb.)             7.85      1.10
     Other feed stuffs                     11.37      0.26
     Breeding fees                                    0.09
     Veterinary                                       0.40
     Livestock supplies                               0.56
     Fuel & oil                                       0.29
     Repairs                                          0.68
     Custom hire                                      0.10
     Marketing                                        0.76
     Operating interest                               0.13
   Total direct expenses                              8.27
   Return over direct expense                         4.87
   Overhead Expenses
     Hired labor                                      0.66
     Machinery & bldg leases                          0.03
     Farm insurance                                   0.15
     Utilities                                        0.32
     Interest                                         0.48
     Mach & bldg depreciation                         0.50
     Miscellaneous                                    0.15
   Total overhead expenses                            2.29
   Total dir & ovhd expenses                         10.56
   Net return                                         2.58
   Other Information
   Avg. number of Cows                                77.5
   Milk produced per Cow                            17,984
   Culling percentage                                 25.8
   Turnover rate                                      32.5
   Percent of barn capacity                           97.9
   Lbs. milk/lb grain & conc.                          2.0
   Feed cost per cwt of milk                          5.26
   Feed cost per Cow                                946.23
   Avg. milk price per cwt.                          12.77