Livestock Enterprise Analysis, 1999                     
             North Dakota Farm Business Management Education Program           
                                  State Report                                 
             Dairy Replacement Heifers -- Average per Head Sold/Trans           
                                                       Average For
                                                        All Farms 
         Number of farms                                     19
                                                  Quantity     Value  
         Replacements sold (hd)                       0.54     167.93
         Transferred out (hd)                         0.46     433.55
         Cull sales (hd)                              0.00       0.88
         Butchered (hd)                               0.01       3.27
         Less purchased (hd)                         -0.11     -47.30
         Less transferred in (hd)                    -0.77     -88.26
         Inventory change (hd)                        0.00      59.62
         Total production (hd)                        0.00     529.68
         Other income                                            0.00
         Gross return                                          529.68
         Direct expenses
           Barley (bu.)                              10.71      15.29
           Corn (bu.)                                 8.57      14.35
           Corn Silage (lb.)                       4019.32      30.37
           Hay, Alfalfa (lb.)                      1385.43      36.93
           Hay, Grass & Other (lb.)                2227.32      39.77
           Haylage, Alfalfa (lb.)                   705.88      10.23
           Haylage, Grass & Other (lb.)             737.49       6.98
           Oats (bu.)                                 5.88       5.94
           Pasture (aum)                              1.30      14.64
           Complete Ration (lb.)                    199.82      13.88
           Creep / Starter (lb.)                    113.43      13.37
           Milk (lb.)                                34.86       3.68
           Milk Replacer (lb.)                        5.00       3.28
           Protein Vit Minerals (lb.)               345.57      38.70
           Other feed stuffs                                     2.37
           Veterinary                                           16.19
           Livestock supplies                                   20.68
           Fuel & oil                                            8.81
           Repairs                                              25.90
           Custom hire                                           7.97
           Hired labor                                           5.27
           Operating interest                                    3.39
         Total direct expenses                                 337.99
         Return over direct expense                            191.70
         Overhead expenses
           Hired labor                                          25.24
           Machinery & bldg leases                               8.52
           Farm insurance                                        5.20
           Utilities                                            11.45
           Interest                                              9.04
           Mach & bldg depreciation                             17.52
           Miscellaneous                                         9.56
         Total overhead expenses                                86.53
         Total listed expenses                                 424.52
         Net return                                            105.17
         Other Information
           No. purchased or trans in                               52
           Number sold or trans out                                60
           Average number of head                                  74
           Percentage death loss                                  5.1
           Feed cost/head sold+trans                           249.77