Farm Business Management -- Reports -- Minnesota STATEWIDE

	Avg. Of
	All Farms		Low 20%		High 20%

Number of farms	169		33		34

	Quantity	Value	Quantity	Value	Quantity	Value
Dairy Steers sold (lb)	1,025.05	654.23	987.36	599.36	1,261.17	807.06
Transferred out (lb)	21.44	25.47	4.72	9.33	-	-
Butchered (lb)	18.40	12.41	11.70	7.71	36.07	31.07
Less purchased (lb)	-280.83	-240.79	-339.18	-300.85	-166.70	-115.36
Less transferred in (lb)	-84.63	-72.39	-19.62	-22.02	-162.31	-140.47
Inventory change (lb)	87.61	89.75	96.10	77.15	168.63	186.05
Total production (lb)	787.05	468.69	741.08	370.68	1,136.86	768.34
Other income	0.25		0.83		0.50
Gross return	468.93		371.51		768.84

Direct Expenses
Corn (bu.)	85.95	146.26	79.75	144.31	108.19	182.79
Corn Silage (lb.)	1,676.37	14.44	1,887.79	15.69	1,340.12	11.64
Corn, Ear (lb.)	32.54	0.71	140.59	3.05	-	-
Hay, Alfalfa (lb.)	559.60	15.06	1,109.69	23.23	543.91	17.52
Hay, Grass & Other (lb.)	318.38	6.77	542.77	10.70	404.02	9.63
Haylage, Alfalfa (lb.)	247.14	4.17	96.85	1.61	223.99	3.94
Oats (bu.)	1.51	1.71	0.26	0.31	2.35	3.48
Complete Ration (lb.)	81.43	7.38	156.07	7.22	56.77	8.00
Milk (lb.)	7.92	0.76	8.39	0.87	54.29	5.02
Milk Replacer (lb.)	4.92	3.49	3.91	2.50	7.70	5.05
Protein Vit Minerals (lb.)	1,991.05	76.39	480.08	85.71	481.36	75.81
Other feed stuffs	66.15	3.60	94.50	9.78	156.16	2.89
Veterinary	11.42		14.33		6.51
Livestock supplies	10.53		16.81		8.39
Fuel & oil	8.10		9.05		10.28
Repairs	19.77		25.02		24.03
Custom hire	2.08		0.86		0.17
Hauling and trucking	2.85		2.00		1.62
Marketing	4.12		0.62		7.10
Operating interest	11.40		16.85		5.34
Total direct expenses	351.03		390.53		389.21
Return over direct expense	117.90		-19.02		379.64

Overhead Expenses
Hired labor	8.87		7.77		10.86
Machinery & bldg leases	2.58		1.95		4.23
RE & pers. property taxes	3.10		3.52		7.34
Farm insurance	6.55		6.13		7.68
Utilities	8.99		7.68		14.62
Dues & professional fees	0.83		0.15		3.27
Interest	16.96		11.21		14.21
Mach & bldg depreciation	23.31		21.74		22.52
Miscellaneous	6.12		5.98		4.77
Total overhead expenses	77.32		66.12		89.50
Total dir & ovhd expenses	428.35		456.66		478.70
Net return	40.58		-85.14		290.14

Labor & management charge	45.82		53.62		69.53
Net return over lbr & mgt	-5.24		-138.76		220.61

Cost of Production
Total direct expense per cwt.	44.60		52.70		34.24
Total dir& ovhd expense per cwt.	54.42		61.62		42.11
With labor and management	60.25		68.86		48.22
With other revenue adjustments	60.22		68.74		48.18

Est. labor hours per unit	5.79		6.97		8.75

Other Information
No. purchased or trans in	71		77		41
Number sold or trans out	60		61		31
Percentage death loss	3.5		3.8		4.0
Avg. daily gain (lbs)	2.07		1.98		2.28
Lbs of conc / lb of gain	8.85		7.10		5.86
Lbs of feed / lb of gain	10.92		10.47		7.35
Feed cost per cwt of gain	35.67		41.15		28.65
Feed cost per head	280.74		304.99		325.77
Average purchase weight	358		391		398
Average sales weight	1,175		1,267		1,451
Avg purch price / head	307.14		346.56		275.44
Avg sales price / cwt	63.82		60.70		63.99