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Statewide Reports

                                                     Livestock Enterprise Analysis, 1997                                          
                                                        Statewide Livestock Database                                              
                                                   Minnesota State Colleges & Universities                                        
                                           (Farms sorted according to Return to Overhead per head)                                

                                              Dairy Heifers (for sale) -- Average per Avg. Head                                   


                                                           Average For             Average For             Average For
                                                            All Farms                Low 20%                 High 20% 
                                                           ----------             ------------             -----------
          Number of farms                                        28                       6                       6

                                                      Quantity     Value      Quantity     Value      Quantity     Value  
                                                      --------  ---------    ---------  ---------    ---------  ---------
          Dairy Hfrs sold (hd)                            0.87     798.00         0.89     820.08         0.70     634.76
          Transferred out (hd)                            0.03      35.83         0.04      32.84         0.03      34.90
          Butchered (hd)                                  0.00       3.35         0.00       0.00         0.01       4.57
          Less purchased (hd)                            -0.66    -266.04        -0.48    -212.85        -0.84    -277.65
          Less transferred in (hd)                       -0.09      -7.93         0.00       0.00        -0.07      -5.76
          Inventory change (hd)                          -0.18    -172.98        -0.46    -457.95         0.17      96.75
          Total production (hd)                           0.00     390.24         0.00     182.12         0.00     487.55
          Other income                                               6.88                    0.00                    8.12
          Gross return                                             397.12                  182.12                  495.67

          Direct expenses
            Barley (bu.)                                  0.93       1.64         1.06       1.69         0.00       0.00
            Corn (bu.)                                   16.01      36.56         7.68      18.36        15.82      36.36
            Corn Silage (lb.)                          6269.81      57.17      8363.57      69.33      2567.28      24.08
            Corn, Ear (lb.)                             149.28       5.75       229.14       8.02       301.42      11.93
            Hay, Alfalfa (lb.)                         1125.48      50.06       399.47      14.98      1014.22      45.12
            Hay, Grass & Other (lb.)                    705.96      21.41      1478.71      47.15       247.60       5.59
            Haylage, Alfalfa (lb.)                     1419.89      34.86      3576.09      70.31       852.66      32.70
            Oatlage (lb.)                               104.29       1.56         0.00       0.00         0.00       0.00
            Oats (bu.)                                    0.93       1.40         0.00       0.00         0.00       0.00
            Pasture (aum)                                 0.45       2.60         0.61       7.33         0.00       0.00
            Barley Silage (lb.)                        1032.25       7.74         0.00       0.00      2726.36      20.45
            Complete Ration (lb.)                       217.96       5.40         0.00       0.00       575.66      14.26
            Milk (lb.)                                    3.68       0.48         0.00       0.00         0.00       0.00
            Milk Replacer (lb.)                           0.00       2.64         0.00       0.00         0.00       6.96
            Protein Vit Minerals (lb.)                  228.91      42.76       324.23      65.07       137.87      30.20
            Other feed stuffs                                        0.09                    0.57                    0.00
            Breeding fees                                            3.08                    1.09                    1.50
            Veterinary                                              13.98                   18.27                   12.86
            Livestock supplies                                       9.74                   13.35                    5.26
            Fuel & oil                                               8.71                   12.00                    5.38
            Repairs                                                 12.04                    8.09                   14.07
            Repair, machinery                                        7.70                    4.80                    1.90
            Repair, livestock equip                                  4.14                   10.51                    0.16
            Custom hire                                              0.72                    0.00                    0.87
            Repair, buildings                                        7.11                   10.25                    1.52
            Machinery & bldg leases                                  0.29                    0.00                    0.00
            Grazing fees                                             0.77                    0.00                    1.02
            Utilities                                                0.21                    1.37                    0.00
            Hauling and trucking                                     1.02                    0.29                    0.50
            Marketing                                                2.10                    0.26                    1.27
            Operating interest                                      19.47                    4.53                    8.69
          Total direct expenses                                    363.20                  387.64                  282.65
          Return over direct expense                                33.92                 -205.53                  213.02

          Overhead expenses
            Hired labor                                             10.82                    7.47                   20.51
            Machinery & bldg leases                                  5.10                    0.69                   11.47
            RE & pers. property taxes                                4.40                    5.10                    2.77
            Farm insurance                                           7.43                   12.12                    6.73
            Utilities                                               11.48                   11.14                    7.60
            Dues & professional fees                                 0.72                    0.16                    0.21
            Interest                                                22.33                   11.85                   16.39
            Mach & bldg depreciation                                27.04                   47.90                   21.83
            Miscellaneous                                            7.93                    7.94                    5.88
          Total overhead expenses                                   97.24                  104.38                   93.41
          Total listed expenses                                    460.44                  492.02                  376.06
          Net return                                               -63.32                 -309.90                  119.61

          Est. labor hours per unit                                  4.69                    5.42                    1.97
          Labor & management charge                                 52.32                   57.76                   41.10
          Net return over lbr & mgt                               -115.64                 -367.66                   78.51

          Other Information
            No. purchased or trans in                                  46                      21                      98
            Number sold or trans out                                   55                      41                      78
            Average number of head                                     61                      44                     108
            Percentage death loss                                     1.7                     1.9                     0.5
            Feed cost per average head                             272.11                  302.82                  227.66
            Feed cost/head sold+trans                              300.60                  324.97                  313.67
            Avg. purchase weight                                      234                     170                     171
            Avg. sales weight                                         448                     490                     307
            Avg. purch price / head                                400.24                  442.33                  329.82
            Avg. sales price / head                                916.55                  921.62                  911.53
                            

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