TABLE 12 - 9
          Livestock Enterprise Analysis, 2004
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                               16         
                                     Quantity     Value
Milk sold (lb)                          99.36     16.24
Milk used in home (lb)                   0.18      0.02
Milk fed to animals (lb)                 0.46      0.05
Dairy Calves sold (hd)                   0.00      0.01
Transferred out (hd)                     0.00      0.70
Cull sales (hd)                          0.00      0.91
Butchered (hd)                           0.00      0.02
Less purchased (hd)                      0.00     -0.16
Less transferred in (hd)                 0.00     -1.87
Inventory change (hd)                    0.00     -0.09
Total production                                  15.84
Other income                                       0.17
Gross return                                      16.01
Direct Expenses
  Barley (bu.)                           0.25      0.46
  Corn (bu.)                             0.33      0.82
  Corn Silage (lb.)                     47.35      0.44
  Hay, Alfalfa (lb.)                    28.50      0.95
  Hay, Grass & Other (lb.)               7.06      0.16
  Haylage, Alfalfa (lb.)                 9.65      0.17
  Haylage, Grass & Other (lb.)           3.35      0.04
  Oatlage (lb.)                         13.58      0.18
  Pasture (aum)                          0.01      0.11
  Complete Ration (lb.)                  7.19      0.59
  Protein Vit Minerals (lb.)             5.68      0.94
  Corn Distillers Grn (dry) (lb.)        3.46      0.21
  Cottonseed (lb.)                       3.46      0.39
  Other feed stuffs                      4.70      0.08
  Breeding fees                                    0.12
  Veterinary                                       0.45
  Supplies                                         0.54
  Fuel & oil                                       0.40
  Repairs                                          0.75
  Custom hire                                      0.39
  Marketing                                        0.98
  Operating interest                               0.10
Total direct expenses                              9.27
Return over direct expense                         6.74
Overhead Expenses
  Hired labor                                      0.77
  Farm insurance                                   0.18
  Utilities                                        0.35
  Interest                                         0.45
  Mach & bldg depreciation                         0.65
  Miscellaneous                                    0.24
Total overhead expenses                            2.62
Total dir & ovhd expenses                         11.89
Net return                                         4.12
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