Livestock Enterprise Analysis, 1999                                          
                                 North Dakota Farm Business Management Education Program                                
                                                      State Report                                                      
                                          (Farms sorted by Return to Overhead)                                          
                                            Beef Cow-Calf -- Average per Cow                                            
                                             Average For             Average For             Average For
                                              All Farms                Low 20%                 High 20%  
    Number of farms                               175                      35                      35
                                        Quantity     Value      Quantity     Value      Quantity     Value  
    Beef Calves sold (lb)                 206.06     170.02       166.71     134.97       171.91     141.65
    Transferred out (lb)                  300.72     265.95       322.22     277.97       331.86     296.08
    Cull sales (lb)                                   61.29                   73.48                   51.93
    Butchered (lb)                                     1.05                    1.18                    0.96
    Less purchased (lb)                              -61.43                  -63.51                  -72.01
    Less transferred in (lb)                         -41.21                  -45.56                  -32.90
    Inventory change (lb)                             31.58                  -10.13                   79.74
    Total production (lb)                            427.25                  368.41                  465.44
    Other income                                       1.82                    0.33                    0.00
    Gross return                                     429.08                  368.74                  465.44
    Direct expenses
      Barley (bu.)                          1.20       1.67         2.06       2.83         0.50       0.77
      Corn (bu.)                            1.45       2.44         2.44       4.00         1.39       2.23
      Corn Silage (lb.)                  1259.26      10.35      1885.41      14.77      1075.94       9.00
      Hay, Alfalfa (lb.)                  487.79      10.64       551.11      11.65       515.68      10.92
      Hay, Grass & Other (lb.)           5704.80      91.95      5507.94      91.48      5453.70      86.88
      Haylage, Alfalfa (lb.)                6.10       0.05        33.52       0.25         0.00       0.00
      Haylage, Grass & Other (lb.)         51.60       0.45        34.03       0.27        25.34       0.38
      Oats (bu.)                            2.85       2.79         2.36       2.34         5.10       4.92
      Pasture (aum)                         6.17      65.51         6.60      66.96         5.53      55.08
      Stover (lb.)                         81.90       0.69       227.69       1.91        65.53       0.42
      Straw (lb.)                         275.89       1.80       330.56       2.40       244.01       1.33
      Complete Ration (lb.)                85.68       3.12        77.52       3.53        45.12       2.26
      Creep / Starter (lb.)                19.85       1.26        10.73       0.69        40.29       2.82
      Protein Vit Minerals (lb.)           61.36       8.53        49.91       8.32        57.22       7.91
      Other feed stuffs                                0.29                    0.40                    0.21
      Breeding fees                                    0.75                    0.04                    0.92
      Veterinary                                      14.72                   14.07                   13.42
      Livestock supplies                               7.62                   10.44                    6.64
      Fuel & oil                                       8.14                    9.36                    8.81
      Repairs                                         18.17                   22.57                   15.40
      Custom hire                                      3.48                    5.13                    2.62
      Hired labor                                      0.21                    0.45                    0.01
      Livestock leases                                 5.44                   13.97                    1.71
      Hauling and trucking                             0.10                    0.08                    0.08
      Marketing                                        1.77                    2.57                    0.87
      Bedding                                          0.85                    1.39                    0.15
      Operating interest                               8.31                   12.87                    7.40
    Total direct expenses                            271.10                  304.73                  243.12
    Return over direct expense                       157.97                   64.01                  222.32
    Overhead expenses
      Hired labor                                      5.67                    7.51                    4.86
      Machinery & bldg leases                          1.15                    1.42                    1.21
      RE & pers. property taxes                        0.99                    1.17                    1.76
      Farm insurance                                   5.46                    5.08                    4.90
      Utilities                                        7.72                    8.49                    7.36
      Dues & professional fees                         1.47                    1.35                    1.30
      Interest                                        17.32                   14.26                   20.79
      Mach & bldg depreciation                        14.05                   15.93                   14.08
      Miscellaneous                                    7.12                    7.58                   10.25
    Total overhead expenses                           60.95                   62.80                   66.52
    Total listed expenses                            332.05                  367.53                  309.64
    Net return                                        97.03                    1.21                  155.80
    Other Information
      Number of cows                                  123.3                   112.2                   124.0
      Pregnancy percentage                             96.9                    97.2                    96.0
      Pregnancy loss percentage                         2.6                     3.0                     3.4
      Culling percentage                               13.5                    18.6                    10.4
      Calving percentage                               94.4                    94.4                    92.8
      Weaning percentage                               89.1                    87.8                    87.8
      Calves sold per cow                              0.91                    0.91                    0.90
      Calf death loss percent                           5.5                     6.8                     5.1
      Average weaning weight                            548                     533                     550
      Lbs weaned/exposed female                         488                     468                     483
      Feed cost per cow                              201.54                  211.79                  185.11
      Avg wgt/Beef Calf sold                            595                     577                     586
      Avg price / cwt                                 82.51                   80.97                   82.39
                                                             
                                           Livestock Enterprise Analysis, 1999                                          
                                 North Dakota Farm Business Management Education Program                                
                                                      State Report                                                      
                                          (Farms sorted by Return to Overhead)                                          
                                        Beef Cow-Calf -- Average per Cwt Produced                                       
                                             Average For             Average For             Average For
                                              All Farms                Low 20%                 High 20%  
    Number of farms                               175                      35                      35
                                        Quantity     Value      Quantity     Value      Quantity     Value 
    Beef Calves sold (lb)                  39.78      32.82        33.64      27.24        35.59      29.32
    Transferred out (lb)                   58.05      51.34        65.03      56.10        68.69      61.29
    Cull sales (lb)                                   11.83                   14.83                   10.75
    Butchered (lb)                                     0.20                    0.24                    0.20
    Less purchased (lb)                              -11.86                  -12.82                  -14.91
    Less transferred in (lb)                          -7.96                   -9.19                   -6.81
    Inventory change (lb)                              6.10                   -2.05                   16.51
    Total production (lb)                             82.48                   74.35                   96.34
    Other income                                       0.35                    0.07                    0.00
    Gross return                                      82.83                   74.42                   96.34
    Direct expenses
      Barley (bu.)                          0.23       0.32         0.42       0.57         0.10       0.16
      Corn (bu.)                            0.28       0.47         0.49       0.81         0.29       0.46
      Corn Silage (lb.)                   243.10       2.00       380.51       2.98       222.71       1.86
      Hay, Alfalfa (lb.)                   94.17       2.05       111.22       2.35       106.74       2.26
      Hay, Grass & Other (lb.)           1101.31      17.75      1111.59      18.46      1128.89      17.98
      Haylage, Grass & Other (lb.)          9.96       0.09         6.87       0.05         5.24       0.08
      Oats (bu.)                            0.55       0.54         0.48       0.47         1.06       1.02
      Pasture (aum)                         1.19      12.65         1.33      13.51         1.15      11.40
      Stover (lb.)                         15.81       0.13        45.95       0.38        13.56       0.09
      Straw (lb.)                          53.26       0.35        66.71       0.49        50.51       0.27
      Complete Ration (lb.)                16.54       0.60        15.64       0.71         9.34       0.47
      Creep / Starter (lb.)                 3.83       0.24         2.16       0.14         8.34       0.58
      Protein Vit Minerals (lb.)           11.85       1.65        10.07       1.68        11.84       1.64
      Other feed stuffs                                0.05                    0.06                    0.02
      Breeding fees                                    0.14                    0.01                    0.19
      Veterinary                                       2.84                    2.84                    2.78
      Livestock supplies                               1.47                    2.11                    1.37
      Fuel & oil                                       1.57                    1.89                    1.82
      Repairs                                          3.50                    4.55                    3.19
      Custom hire                                      0.67                    1.03                    0.54
      Hired labor                                      0.04                    0.09                    0.00
      Livestock leases                                 1.05                    2.82                    0.35
      Hauling and trucking                             0.02                    0.02                    0.02
      Marketing                                        0.34                    0.52                    0.18
      Bedding                                          0.16                    0.28                    0.03
      Operating interest                               1.60                    2.60                    1.53
    Total direct expenses                             52.34                   61.50                   50.32
    Return over direct expense                        30.50                   12.92                   46.02
    Overhead expenses
      Hired labor                                      1.09                    1.52                    1.01
      Machinery & bldg leases                          0.22                    0.29                    0.25
      RE & pers. property taxes                        0.19                    0.24                    0.36
      Farm insurance                                   1.05                    1.03                    1.02
      Utilities                                        1.49                    1.71                    1.52
      Dues & professional fees                         0.28                    0.27                    0.27
      Interest                                         3.34                    2.88                    4.30
      Mach & bldg depreciation                         2.71                    3.22                    2.91
      Miscellaneous                                    1.37                    1.53                    2.12
    Total overhead expenses                           11.77                   12.67                   13.77
    Total listed expenses                             64.10                   74.17                   64.09
    Net return                                        18.73                    0.24                   32.25
    Other Information
      Number of cows                                  123.3                   112.2                   124.0
      Pregnancy percentage                             96.9                    97.2                    96.0
      Pregnancy loss percentage                         2.6                     3.0                     3.4
      Culling percentage                               13.5                    18.6                    10.4
      Calving percentage                               94.4                    94.4                    92.8
      Weaning percentage                               89.1                    87.8                    87.8
      Calves sold per cow                              0.91                    0.91                    0.90
      Calf death loss percent                           5.5                     6.8                     5.1
      Average weaning weight                            548                     533                     550
      Lbs weaned/exposed female                         488                     468                     483
      Feed cost per cow                              201.54                  211.79                  185.11
      Avg wgt/Beef Calf sold                            595                     577                     586
      Avg price / cwt                                 82.51                   80.97                   82.39