Livestock Enterprise Analysis, 1999                                          
                              North Dakota Farm Business Management Education Program                                
                                                   State Report                                                      
                                       (Farms sorted by Return to Overhead)                                          
                                             Dairy -- Average per Cow                                                
                                          Average For             Average For             Average For
                                           All Farms                Low 20%                 High 20%  
 Number of farms                                27                       5                       5
                                     Quantity     Value      Quantity     Value      Quantity     Value 
 Milk sold (lb)                      16222.12    2206.42     12905.43    1554.47     15073.25    2059.35
 Milk used in home (lb)                 21.48       2.36        13.50       1.49        15.88       1.67
 Milk fed to animals (lb)              145.53      15.67       167.28      15.34       188.29      19.07
 Dairy Calves sold (hd)                  0.11       8.17         0.13      13.70         0.00       0.39
 Transferred out (hd)                    0.68      81.43         0.28      34.48         0.71      84.03
 Cull sales (hd)                         0.23     109.29         0.15      75.82         0.22      94.38
 Butchered (hd)                          0.00       1.02         0.00       1.81         0.00       0.00
 Less purchased (hd)                    -0.15    -192.40        -0.17    -175.86        -0.06     -54.56
 Less transferred in (hd)               -0.31    -284.31        -0.13    -112.72        -0.33    -223.27
 Inventory change (hd)                   0.15     167.44         0.03      34.78         0.11      95.69
 Total production                                2115.10                 1443.32                 2076.76
 Other income                                       8.38                    0.00                    9.07
 Gross return                                    2123.49                 1443.32                 2085.83
 Direct expenses
   Barley (bu.)                         44.66      62.46        40.61      56.17        25.14      37.71
   Corn (bu.)                           40.12      72.11        24.82      51.01        47.40      84.10
   Corn Silage (lb.)                  4575.97      43.92      6206.90      57.33      3512.50      26.34
   Corn, Ear (lb.)                     279.98       6.03         0.00       0.00         0.00       0.00
   Hay, Alfalfa (lb.)                 5402.41     144.70      5653.45     145.70      4051.19      92.81
   Hay, Grass & Other (lb.)           2471.83      40.31      6863.45     122.05      3614.88      71.59
   Haylage, Alfalfa (lb.)             2576.92      35.98         0.00       0.00         0.00       0.00
   Haylage, Grass & Other (lb.)       1728.03      17.62         0.00       0.00      1094.70       6.57
   Oatlage (lb.)                      1649.63      15.00         0.00       0.00         0.00       0.00
   Oats (bu.)                            6.80       6.98         6.90       6.25        17.85      21.42
   Pasture (aum)                         2.10      25.47         3.46      40.39         2.84      35.05
   Sorghum Silage (lb.)                447.97       2.69         0.00       0.00         0.00       0.00
   Straw (lb.)                         578.10       3.16       189.66       0.95      1220.71       6.95
   Sunflowers (cwt.)                     0.62       6.35         0.00       0.00         0.00       0.00
   Complete Ration (lb.)              1371.93     117.64      2383.88     190.21       866.31      75.80
   Protein Vit Minerals (lb.)         1910.91     188.76       323.79      59.01      2288.80     127.18
   Other feed stuffs                               11.50                    0.00                    0.10
   Breeding fees                                    8.77                    4.17                    7.06
   Veterinary                                      57.93                   39.30                   24.32
   Livestock supplies                              83.21                   88.62                   44.54
   Fuel & oil                                      42.14                   52.62                   29.36
   Repairs                                        107.95                   84.74                   84.20
   Custom hire                                     34.90                    0.00                   12.92
   Hired labor                                     39.53                    0.00                    0.00
   Livestock leases                                 8.71                    0.00                    0.00
   Marketing                                      105.44                   92.29                  103.30
   Operating interest                              16.71                   16.93                    8.88
 Total direct expenses                           1305.96                 1107.73                  900.20
 Return over direct expense                       817.52                  335.59                 1185.63
 Overhead expenses
   Hired labor                                     88.40                   21.02                   29.50
   Machinery & bldg leases                         26.83                    0.00                    4.81
   Farm insurance                                  22.66                   23.63                   24.47
   Utilities                                       51.24                   52.28                   56.95
   Dues & professional fees                         5.06                    1.96                    3.54
   Interest                                        44.69                   61.29                   27.71
   Mach & bldg depreciation                        71.92                   52.37                   52.34
   Miscellaneous                                   41.19                   34.10                   39.89
 Total overhead expenses                          352.01                  246.64                  239.21
 Total listed expenses                           1657.98                 1354.37                 1139.40
 Net return                                       465.51                   88.95                  946.42
 Other Information
   Avg. number of Cows                              66.1                    46.4                    50.8
   Milk produced per Cow                           16389                   13086                   15277
   Percent butterfat in milk                         3.7                     4.2                     3.9
   Culling percentage                               22.8                    14.7                    22.4
   Percent of barn capacity                         89.8                    87.5                    95.8
   Lbs. milk/lb grain & conc.                        2.0                     2.1                     2.7
   Feed cost per cwt of milk                        4.89                    5.57                    3.83
   Feed cost per Cow                              800.68                  729.07                  585.61
   Avg. milk price per cwt.                        13.60                   12.05                   13.66
                                                              
                                        Livestock Enterprise Analysis, 1999                                          
                              North Dakota Farm Business Management Education Program                                
                                                   State Report                                                      
                                       (Farms sorted by Return to Overhead)                                          
                                         Dairy -- Average per Cwt of Milk                                            
                                          Average For             Average For             Average For
                                           All Farms                Low 20%                 High 20%  
 Number of farms                                27                       5                       5
                                     Quantity     Value      Quantity     Value      Quantity     Value 
 Milk sold (lb)                         98.98      13.46        98.62      11.88        98.66      13.48
 Milk used in home (lb)                  0.13       0.01         0.10       0.01         0.10       0.01
 Milk fed to animals (lb)                0.89       0.10         1.28       0.12         1.23       0.12
 Dairy Calves sold (hd)                  0.00       0.05         0.00       0.10         0.00       0.00
 Transferred out (hd)                    0.00       0.50         0.00       0.26         0.00       0.55
 Cull sales (hd)                         0.00       0.67         0.00       0.58         0.00       0.62
 Less purchased (hd)                    -0.00      -1.17        -0.00      -1.34        -0.00      -0.36
 Less transferred in (hd)               -0.00      -1.73        -0.00      -0.86        -0.00      -1.46
 Inventory change (hd)                   0.00       1.02         0.00       0.27         0.00       0.63
 Total production                                  12.91                   11.03                   13.59
 Other income                                       0.05                    0.00                    0.06
 Gross return                                      12.96                   11.03                   13.65
 Direct expenses
   Barley (bu.)                          0.27       0.38         0.31       0.43         0.16       0.25
   Corn (bu.)                            0.24       0.44         0.19       0.39         0.31       0.55
   Corn Silage (lb.)                    27.92       0.27        47.43       0.44        22.99       0.17
   Corn, Ear (lb.)                       1.71       0.04         0.00       0.00         0.00       0.00
   Hay, Alfalfa (lb.)                   32.96       0.88        43.20       1.11        26.52       0.61
   Hay, Grass & Other (lb.)             15.08       0.25        52.45       0.93        23.66       0.47
   Haylage, Alfalfa (lb.)               15.72       0.22         0.00       0.00         0.00       0.00
   Haylage, Grass & Other (lb.)         10.54       0.11         0.00       0.00         7.17       0.04
   Oatlage (lb.)                        10.07       0.09         0.00       0.00         0.00       0.00
   Oats (bu.)                            0.04       0.04         0.05       0.05         0.12       0.14
   Pasture (aum)                         0.01       0.16         0.03       0.31         0.02       0.23
   Sorghum Silage (lb.)                  2.73       0.02         0.00       0.00         0.00       0.00
   Straw (lb.)                           3.53       0.02         1.45       0.01         7.99       0.05
   Sunflowers (cwt.)                     0.00       0.04         0.00       0.00         0.00       0.00
   Complete Ration (lb.)                 8.37       0.72        18.22       1.45         5.67       0.50
   Protein Vit Minerals (lb.)           11.66       1.15         2.47       0.45        14.98       0.83
   Other feed stuffs                                0.07                    0.00                    0.00
   Breeding fees                                    0.05                    0.03                    0.05
   Veterinary                                       0.35                    0.30                    0.16
   Livestock supplies                               0.51                    0.68                    0.29
   Fuel & oil                                       0.26                    0.40                    0.19
   Repairs                                          0.66                    0.65                    0.55
   Custom hire                                      0.21                    0.00                    0.08
   Hired labor                                      0.24                    0.00                    0.00
   Livestock leases                                 0.05                    0.00                    0.00
   Marketing                                        0.64                    0.71                    0.68
   Operating interest                               0.10                    0.13                    0.06
 Total direct expenses                              7.97                    8.46                    5.89
 Return over direct expense                         4.99                    2.56                    7.76
 Overhead expenses
   Hired labor                                      0.54                    0.16                    0.19
   Machinery & bldg leases                          0.16                    0.00                    0.03
   Farm insurance                                   0.14                    0.18                    0.16
   Utilities                                        0.31                    0.40                    0.37
   Dues & professional fees                         0.03                    0.01                    0.02
   Interest                                         0.27                    0.47                    0.18
   Mach & bldg depreciation                         0.44                    0.40                    0.34
   Miscellaneous                                    0.25                    0.26                    0.26
 Total overhead expenses                            2.15                    1.88                    1.57
 Total listed expenses                             10.12                   10.35                    7.46
 Net return                                         2.84                    0.68                    6.19
 Other Information
   Avg. number of Cows                              66.1                    46.4                    50.8
   Milk produced per Cow                           16389                   13086                   15277
   Percent butterfat in milk                         3.7                     4.2                     3.9
   Culling percentage                               22.8                    14.7                    22.4
   Percent of barn capacity                         89.8                    87.5                    95.8
   Lbs. milk/lb grain & conc.                        2.0                     2.1                     2.7
   Feed cost per cwt of milk                        4.89                    5.57                    3.83
   Feed cost per Cow                              800.68                  729.07                  585.61
   Avg. milk price per cwt.                        13.60                   12.05                   13.66