TABLE 12 - 8
          Livestock Enterprise Analysis, 2004
North Dakota Farm Business Management Education Program
                      State Report
          (Farms Sorted By Net Return Per Unit)
                Dairy -- Average Per Cow
                                           Avg. Of 
                                          All Farms
Number of farms                               16         
                                     Quantity     Value
Milk sold (lb)                      17,273.39  2,823.22
Milk used in home (lb)                  31.89      4.03
Milk fed to animals (lb)                79.28      8.14
Dairy Calves sold (hd)                   0.01      1.73
Transferred out (hd)                     0.78    121.77
Cull sales (hd)                          0.23    158.32
Butchered (hd)                           0.00      2.91
Less purchased (hd)                     -0.02    -26.95
Less transferred in (hd)                -0.28   -324.45
Inventory change (hd)                   -0.03    -15.14
Total production                               2,753.57
Other income                                      30.13
Gross return                                   2,783.70
Direct Expenses
  Barley (bu.)                          43.61     80.38
  Corn (bu.)                            57.80    142.12
  Corn Silage (lb.)                  8,231.20     75.80
  Hay, Alfalfa (lb.)                 4,955.36    164.41
  Hay, Grass & Other (lb.)           1,227.49     27.69
  Haylage, Alfalfa (lb.)             1,678.25     30.07
  Haylage, Grass & Other (lb.)         582.05      7.28
  Oatlage (lb.)                      2,360.55     31.75
  Pasture (aum)                          1.29     19.57
  Complete Ration (lb.)              1,250.54    102.23
  Protein Vit Minerals (lb.)           988.31    164.06
  Corn Distillers Grn (dry) (lb.)      601.46     36.02
  Cottonseed (lb.)                     600.97     68.64
  Other feed stuffs                    817.54     13.62
  Breeding fees                                   21.71
  Veterinary                                      77.50
  Supplies                                        93.07
  Fuel & oil                                      69.46
  Repairs                                        130.95
  Custom hire                                     66.97
  Marketing                                      171.03
  Operating interest                              17.73
Total direct expenses                          1,612.04
Return over direct expense                     1,171.65
Overhead Expenses
  Hired labor                                    133.57
  Farm insurance                                  30.82
  Utilities                                       60.10
  Interest                                        77.87
  Mach & bldg depreciation                       112.15
  Miscellaneous                                   41.33
Total overhead expenses                          455.84
Total dir & ovhd expenses                      2,067.88
Net return                                       715.81
Other Information
Avg. number of Cows                                77.3
Milk produced per Cow                            17,385
Culling percentage                                 22.9
Turnover rate                                      31.4
Percent of barn capacity                           95.3
Lbs. milk/lb grain & conc.                          1.9
Feed cost per cwt of milk                          5.54
Feed cost per Cow                                963.64
Avg. milk price per cwt.                          16.34