Livestock Enterprise Analysis, 1999                     
           North Dakota Farm Business Management Education Program           
                                State Report                                 
              Beef Replacement Heifers -- Average per Avg. Head              
                                                       Average For
                                                        All Farms 
         Number of farms                                     22
                                                  Quantity     Value  
         Beef Replace sold (hd)                       0.41     289.96
         Transferred out (hd)                         0.67     470.29
         Cull sales (hd)                              0.00       0.46
         Butchered (hd)                               0.00       0.47
         Less purchased (hd)                         -0.40    -192.68
         Less transferred in (hd)                    -0.34    -169.31
         Inventory change (hd)                       -0.38    -114.52
         Total production (hd)                        0.00     284.67
         Other income                                            1.34
         Gross return                                          286.01
         Direct expenses
           Barley (bu.)                               3.38       4.52
           Corn (bu.)                                 3.76       6.67
           Corn Silage (lb.)                        814.48       7.17
           Corn, Ear (lb.)                           49.94       1.25
           Hay, Alfalfa (lb.)                       330.09       6.79
           Hay, Grass & Other (lb.)                2451.46      36.12
           Oats (bu.)                                 2.90       2.75
           Pasture (aum)                              4.55      49.80
           Straw (lb.)                              179.28       2.06
           Complete Ration (lb.)                    604.27      11.57
           Creep / Starter (lb.)                     10.49       0.67
           Protein Vit Minerals (lb.)                35.09       3.89
           Other feed stuffs                                     0.30
           Breeding fees                                         1.98
           Veterinary                                            6.61
           Livestock supplies                                    1.97
           Fuel & oil                                            4.61
           Repairs                                              11.16
           Custom hire                                           1.61
           Marketing                                             3.40
           Operating interest                                    4.44
         Total direct expenses                                 169.32
         Return over direct expense                            116.69
         Overhead expenses
           Hired labor                                           5.03
           Machinery & bldg leases                               0.83
           Farm insurance                                        4.24
           Utilities                                             4.98
           Dues & professional fees                              0.72
           Interest                                              7.12
           Mach & bldg depreciation                             12.78
           Miscellaneous                                         2.66
         Total overhead expenses                                38.36
         Total listed expenses                                 207.68
         Net return                                             78.33
         Other Information
           No. purchased or trans in                               27
           Number sold or trans out                                40
           Average number of head                                  38
           Percentage death loss                                  1.3
           Feed cost per average head                          127.05
           Avg. purchase weight                                   600
           Avg. sales weight                                      980
           Avg. purch price / head                             485.33
           Avg. sales price / head                             699.56