Farm Business Management -- Reports -- Minnesota STATEWIDE

	Avg. Of
	All Farms		Low 20%		High 20%

Number of farms	530		106		108

	Quantity	Value	Quantity	Value	Quantity	Value
Milk sold (lb)	19,702.39	2,397.48	16,133.61	1,889.56	22,435.31	2,775.99
Milk used in home (lb)	14.99	1.96	16.16	1.70	12.78	1.56
Milk fed to animals (lb)	76.80	7.99	132.98	14.09	51.67	5.73
Dairy Calves sold (hd)	0.09	16.69	0.06	18.05	0.07	12.45
Transferred out (hd)	0.63	69.01	0.65	69.23	0.70	74.21
Cull sales (hd)	0.28	127.58	0.31	138.16	0.27	132.79
Butchered (hd)	0.01	3.17	0.01	3.14	0.01	2.65
Less purchased (hd)	-0.10	-104.62	-0.19	-209.43	-0.06	-54.00
Less transferred in (hd)	-0.31	-323.98	-0.30	-310.23	-0.35	-355.74
Inventory change (hd)	0.04	49.96	0.04	32.09	0.07	103.87
Total production	2,245.26		1,646.36		2,699.52
Other income	95.29		91.49		123.61
Gross return	2,340.55		1,737.85		2,823.13

Direct Expenses
Corn (bu.)	80.04	138.56	80.34	137.05	82.68	143.52
Corn Silage (lb.)	12,842.86	114.43	12,187.99	109.62	12,956.26	117.37
Hay, Alfalfa (lb.)	3,223.42	117.28	4,083.49	148.65	2,688.64	100.21
Hay, Grass & Other (lb.)	427.90	11.26	526.10	14.57	346.66	8.20
Haylage, Alfalfa (lb.)	6,272.22	121.55	4,887.24	93.88	7,354.26	136.14
Complete Ration (lb.)	857.31	95.84	842.66	92.43	900.34	106.76
Protein Vit Minerals (lb.)	2,729.10	324.27	2,264.08	288.64	3,026.48	353.34
Other feed stuffs	547.84	37.95	456.13	35.32	437.66	28.74
Breeding fees	26.70		18.76		32.51
Veterinary	88.07		74.08		95.52
BST	26.92		13.49		30.73
Livestock supplies	125.40		119.22		121.89
DHIA	13.71		12.21		15.58
Fuel & oil	29.97		36.17		32.50
Repairs	90.63		101.28		106.76
Custom hire	21.96		15.81		14.48
Hired labor	18.46		44.04		5.99
Hauling and trucking	31.34		33.40		28.59
Marketing	40.77		35.71		46.70
Operating interest	13.10		21.91		8.67
Total direct expenses	1,488.58		1,446.26		1,534.20
Return over direct expense	851.97		291.60		1,288.93

Overhead Expenses
Hired labor	138.79		45.98		191.29
Machinery & bldg leases	25.29		21.62		31.08
RE & pers. property taxes	8.96		9.86		10.28
Farm insurance	24.80		24.59		25.32
Utilities	53.07		50.92		59.35
Interest	124.62		136.47		127.50
Mach & bldg depreciation	103.57		90.31		132.43
Miscellaneous	33.59		26.39		38.98
Total overhead expenses	512.68		406.15		616.22
Total dir & ovhd expenses	2,001.26		1,852.40		2,150.42
Net return	339.29		-114.55		672.71

Labor & management charge	189.97		206.04		202.27
Net return over lbr & mgt	149.33		-320.59		470.44

Cost of Production
Total direct expense per cwt.	7.52		8.88		6.82
Total dir& ovhd expense per cwt.	10.11		11.38		9.56
With labor and management	11.07		12.64		10.46
With other revenue adjustments	11.41		13.67		10.28

Est. labor hours per unit	34.81		36.99		35.26

Other Information
Avg. number of Cows	86.9		63.6		99.9
Milk produced per Cow	19,794		16,283		22,500
Percent butterfat in milk	3.7		3.7		3.7
Culling percentage	27.9		31.2		27.3
Percent of barn capacity	106.1		95.8		110.9
Lbs. milk/lb grain & conc.	2.3		2.1		2.5
Feed cost per cwt of milk	4.86		5.65		4.42
Feed cost per Cow	961.14		920.17		994.28
Avg. milk price per cwt.	12.17		11.71		12.37