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)	99.54	12.11	99.08	11.60	99.71	12.34
Milk used in home (lb)	0.08	0.01	0.10	0.01	0.06	0.01
Milk fed to animals (lb)	0.39	0.04	0.82	0.09	0.23	0.03
Dairy Calves sold (hd)	0.00	0.08	0.00	0.11	0.00	0.06
Transferred out (hd)	0.00	0.35	0.00	0.43	0.00	0.33
Cull sales (hd)	0.00	0.64	0.00	0.85	0.00	0.59
Butchered (hd)	0.00	0.02	0.00	0.02	0.00	0.01
Less purchased (hd)	0.00	-0.53	0.00	-1.29	0.00	-0.24
Less transferred in (hd)	0.00	-1.64	0.00	-1.91	0.00	-1.58
Inventory change (hd)	0.00	0.25	0.00	0.20	0.00	0.46
Total production	11.34		10.11		12.00
Other income	0.48		0.56		0.55
Gross return	11.82		10.67		12.55

Direct Expenses
Corn (bu.)	0.40	0.70	0.49	0.84	0.37	0.64
Corn Silage (lb.)	64.88	0.58	74.85	0.67	57.58	0.52
Hay, Alfalfa (lb.)	16.28	0.59	25.08	0.91	11.95	0.45
Hay, Grass & Other (lb.)	2.16	0.06	3.23	0.09	1.54	0.04
Haylage, Alfalfa (lb.)	31.69	0.61	30.01	0.58	32.69	0.61
Complete Ration (lb.)	4.33	0.48	5.18	0.57	4.00	0.47
Protein Vit Minerals (lb.)	13.79	1.64	13.90	1.77	13.45	1.57
Other feed stuffs	2.77	0.19	2.80	0.22	1.95	0.13
Breeding fees	0.13		0.12		0.14
Veterinary	0.44		0.45		0.42
BST	0.14		0.08		0.14
Livestock supplies	0.63		0.73		0.54
DHIA	0.07		0.07		0.07
Fuel & oil	0.15		0.22		0.14
Repairs	0.46		0.62		0.47
Custom hire	0.11		0.10		0.06
Hired labor	0.09		0.27		0.03
Hauling and trucking	0.16		0.21		0.13
Marketing	0.21		0.22		0.21
Operating interest	0.07		0.13		0.04
Total direct expenses	7.52		8.88		6.82
Return over direct expense	4.30		1.79		5.73

Overhead Expenses
Hired labor	0.70		0.28		0.85
Machinery & bldg leases	0.13		0.13		0.14
RE & pers. property taxes	0.05		0.06		0.05
Farm insurance	0.13		0.15		0.11
Utilities	0.27		0.31		0.26
Interest	0.63		0.84		0.57
Mach & bldg depreciation	0.52		0.55		0.59
Miscellaneous	0.17		0.16		0.17
Total overhead expenses	2.59		2.49		2.74
Total dir & ovhd expenses	10.11		11.38		9.56
Net return	1.71		-0.70		2.99

Labor & management charge	0.96		1.27		0.90
Net return over lbr & mgt	0.75		-1.97		2.09

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	0.18		0.23		0.16

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