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)	1,090.68	734.66	1,150.34	753.90	1,720.72	1,266.65
Transferred out (lb)	20.20	15.05	95.59	69.55	-	-
Cull sales (lb)	0.12	0.10	-	0.41	-	-
Butchered (lb)	9.01	5.94	36.58	22.79	23.26	15.87
Less purchased (lb)	-456.21	-417.55	-316.26	-295.70	-406.18	-385.69
Less transferred in (lb)	-111.79	-104.69	-477.42	-437.96	-236.54	-223.76
Inventory change (lb)	20.29	52.57	158.72	160.25	-297.02	-90.39
Total production (lb)	572.29	286.09	647.54	273.24	804.24	582.69
Other income	0.37		-		4.34
Gross return	286.46		273.24		587.03

Direct Expenses
Corn (bu.)	60.37	101.54	89.86	153.68	107.51	187.80
Corn Silage (lb.)	1,777.84	14.24	2,686.51	22.49	4,431.10	31.13
Corn, Ear (lb.)	59.03	1.13	350.19	9.38	-	-
Hay, Alfalfa (lb.)	736.55	10.98	1,198.70	34.89	405.77	12.60
Hay, Grass & Other (lb.)	164.85	5.15	157.55	11.21	159.91	3.97
Haylage, Alfalfa (lb.)	247.43	3.05	279.37	4.19	659.89	13.11
Haylage, Grass & Other (lb.)	284.86	2.15	-	-	-	-
Oats (bu.)	0.72	0.77	2.11	3.15	1.66	1.84
Complete Ration (lb.)	275.14	12.61	-	-	-	-
Protein Vit Minerals (lb.)	559.58	37.48	320.95	55.63	427.60	70.80
Other feed stuffs	113.91	1.15	104.02	1.14	5.84	0.49
Veterinary	9.10		9.72		5.73
Livestock supplies	5.72		6.21		12.14
Fuel & oil	5.04		10.19		7.42
Repairs	10.65		21.41		18.12
Machinery & bldg leases	0.86		1.47		-
Hauling and trucking	8.09		2.05		5.33
Marketing	2.71		4.91		0.33
Operating interest	13.17		13.83		5.60
Total direct expenses	245.62		365.53		376.39
Return over direct expense	40.84		-92.30		210.64

Overhead Expenses
Hired labor	1.37		4.36		2.11
RE & pers. property taxes	0.80		2.41		0.69
Farm insurance	3.80		9.10		4.51
Utilities	3.76		10.65		9.95
Interest	6.77		12.81		7.83
Mach & bldg depreciation	13.59		9.81		16.56
Miscellaneous	5.50		8.16		5.49
Total overhead expenses	35.59		57.30		47.14
Total dir & ovhd expenses	281.22		422.83		423.53
Net return	5.25		-149.59		163.50

Labor & management charge	24.55		44.46		25.74
Net return over lbr & mgt	-19.30		-194.06		137.76

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	2.32		4.80		3.18

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