Farm Business Management -- Reports -- Minnesota STATEWIDE

	Avg. Of
	All Farms		Low 20%		High 20%

Number of farms	55		11		11

	Quantity	Value	Quantity	Value	Quantity	Value
Finish Beef sold (lb)	190.58	128.37	177.65	116.43	213.96	157.50
Transferred out (lb)	3.53	2.63	14.76	10.74	-	-
Cull sales (lb)	0.02	0.02	-	0.06	-	-
Butchered (lb)	1.57	1.04	5.65	3.52	2.89	1.97
Less purchased (lb)	-79.72	-72.96	-48.84	-45.66	-50.50	-47.96
Less transferred in (lb)	-19.53	-18.29	-73.73	-67.63	-29.41	-27.82
Inventory change (lb)	3.55	9.19	24.51	24.75	-36.93	-11.24
Total production (lb)	100.00	49.99	100.00	42.20	100.00	72.45
Other income	0.06		-		0.54
Gross return	50.06		42.20		72.99

Direct Expenses
Corn (bu.)	10.55	17.74	13.88	23.73	13.37	23.35
Corn Silage (lb.)	310.65	2.49	414.88	3.47	550.97	3.87
Corn, Ear (lb.)	10.31	0.20	54.08	1.45	-	-
Hay, Alfalfa (lb.)	128.70	1.92	185.12	5.39	50.45	1.57
Hay, Grass & Other (lb.)	28.81	0.90	24.33	1.73	19.88	0.49
Haylage, Alfalfa (lb.)	43.23	0.53	43.14	0.65	82.05	1.63
Haylage, Grass & Other (lb.)	49.78	0.38	-	-	-	-
Oats (bu.)	0.13	0.14	0.33	0.49	0.21	0.23
Complete Ration (lb.)	48.08	2.20	-	-	-	-
Protein Vit Minerals (lb.)	97.78	6.55	49.56	8.59	53.17	8.80
Other feed stuffs	19.90	0.20	16.06	0.18	0.73	0.06
Veterinary	1.59		1.50		0.71
Livestock supplies	1.00		0.96		1.51
Fuel & oil	0.88		1.57		0.92
Repairs	1.86		3.31		2.25
Machinery & bldg leases	0.15		0.23		-
Hauling and trucking	1.41		0.32		0.66
Marketing	0.47		0.76		0.04
Operating interest	2.30		2.14		0.70
Total direct expenses	42.92		56.45		46.80
Return over direct expense	7.14		-14.25		26.19

Overhead Expenses
Hired labor	0.24		0.67		0.26
Machinery & bldg leases	0.23		0.05		0.05
RE & pers. property taxes	0.14		0.37		0.09
Farm insurance	0.66		1.41		0.56
Utilities	0.66		1.65		1.24
Interest	1.18		1.98		0.97
Mach & bldg depreciation	2.38		1.52		2.06
Miscellaneous	0.73		1.21		0.64
Total overhead expenses	6.22		8.85		5.86
Total dir & ovhd expenses	49.14		65.30		52.66
Net return	0.92		-23.10		20.33

Labor & management charge	4.29		6.87		3.20
Net return over lbr & mgt	-3.37		-29.97		17.13

Cost of Production
Total direct expense per cwt.	42.92		56.45		46.80
Total dir& ovhd expense per cwt.	49.14		65.30		52.66
With labor and management	53.43		72.16		55.86
With other revenue adjustments	53.36		72.16		55.32

Est. labor hours per unit	0.40		0.74		0.40

Other Information
No. purchased or trans in	142		75		92
Number sold or trans out	135		62		102
Percentage death loss	0.9		0.9		0.8
Avg. daily gain (lbs)	2.44		1.78		1.67
Lbs of conc / lb of gain	7.54		8.91		8.21
Lbs of feed / lb of gain	10.68		12.70		11.16
Feed cost per cwt of gain	33.25		45.67		40.00
Feed cost per head	190.26		295.75		321.73
Average purchase weight	605		678		404
Average sales weight	1,223		1,163		1,059
Avg purch price / cwt	91.52		93.50		94.96
Avg sales price / cwt	67.36		65.54		73.61