Farm Business Management -- Reports -- Minnesota STATEWIDE

	Avg. Of
	All Farms		Low 20%		High 20%

Number of farms	357		71		73

	Quantity	Value	Quantity	Value	Quantity	Value
Milk sold (lb)	99.55	12.10	99.37	11.60	99.67	12.40
Milk used in home (lb)	0.08	0.01	0.11	0.01	0.06	0.01
Milk fed to animals (lb)	0.37	0.04	0.52	0.06	0.26	0.02
Dairy Calves sold (hd)	0.00	0.43	0.00	0.57	0.00	0.36
Transferred out (hd)	0.01	2.27	0.01	2.43	0.01	2.33
Cull sales (hd)	0.00	0.69	0.00	0.86	0.00	0.62
Butchered (hd)	0.00	0.02	0.00	0.03	0.00	0.02
Less purchased (hd)	0.00	-0.75	0.00	-1.57	0.00	-0.68
Less transferred in (hd)	0.00	-2.18	-0.01	-2.42	0.00	-2.27
Inventory change (hd)	0.00	0.49	0.00	0.61	0.00	0.95
Total production	13.13		12.18		13.77
Other income	0.48		0.51		0.50
Gross return	13.62		12.69		14.27

Direct Expenses
Corn (bu.)	0.48	0.83	0.54	0.93	0.45	0.79
Corn Silage (lb.)	89.55	0.79	91.14	0.84	88.96	0.75
Hay, Alfalfa (lb.)	22.50	0.82	30.21	1.12	17.00	0.61
Hay, Grass & Other (lb.)	6.27	0.15	9.56	0.24	4.78	0.12
Haylage, Alfalfa (lb.)	37.53	0.68	48.52	0.89	39.22	0.72
Complete Ration (lb.)	8.49	0.49	6.03	0.44	18.64	0.37
Protein Vit Minerals (lb.)	21.04	1.87	16.54	2.11	16.40	1.90
Other feed stuffs	6.05	0.35	2.97	0.39	5.93	0.18
Breeding fees	0.16		0.17		0.17
Veterinary	0.47		0.42		0.46
BST	0.16		0.11		0.12
Livestock supplies	0.64		0.67		0.52
DHIA	0.07		0.08		0.07
Fuel & oil	0.17		0.19		0.17
Repairs	0.51		0.58		0.52
Custom hire	0.22		0.45		0.11
Hired labor	0.04		0.11		0.00
Livestock leases	0.03		0.07		0.00
Hauling and trucking	0.17		0.16		0.15
Marketing	0.21		0.26		0.21
Operating interest	0.06		0.10		0.03
Total direct expenses	8.91		10.33		7.97
Return over direct expense	4.71		2.36		6.30

Overhead Expenses
Hired labor	0.82		0.35		1.03
Machinery & bldg leases	0.16		0.15		0.13
Farm insurance	0.14		0.16		0.13
Utilities	0.32		0.36		0.31
Interest	0.71		0.81		0.65
Mach & bldg depreciation	0.60		0.56		0.64
Miscellaneous	0.24		0.37		0.23
Total overhead expenses	2.98		2.76		3.12
Total dir & ovhd expenses	11.89		13.08		11.09
Net return	1.73		-0.40		3.18

Labor & management charge	1.09		1.41		1.07
Net return over lbr & mgt	0.64		-1.81		2.11

Cost of Production
Total direct expense per cwt.	8.91		10.33		7.97
Total dir& ovhd expense per cwt.	11.89		13.08		11.09
With labor and management	12.98		14.49		12.16
With other revenue adjustments	11.51		13.48		10.32

Est. labor hours per unit	0.21		0.24		0.19

Other Information
Avg. number of Cows	87.6		64.0		97.1
Milk produced per Cow	19,842		16,809		22,181
Percent butterfat in milk	3.8		3.6		3.7
Culling percentage	32.2		34.4		29.3
Percent of barn capacity	107.6		99.8		108.9
Lbs. milk/lb grain & conc.	1.7		1.8		1.6
Feed cost per cwt of milk	5.99		6.95		5.44
Feed cost per Cow	1,188.67		1,168.93		1,206.14
Avg. milk price per cwt.	12.16		11.67		12.44