Livestock Enterprise Analysis (Farms Sorted By Enterprise Size) Dairy -- Average Cow Avg. Of 1 - 51 - 101 - 201 - Over All Farms 50 100 200 500 500 Number of farms 499 108 197 114 58 22 Milk sold 4,135.89 3,247.30 3,641.40 3,870.22 4,449.00 4,653.80 Milk used in home 0.79 3.47 1.93 0.67 0.05 0.10 Milk fed to animals 14.44 20.44 13.02 17.63 13.37 12.40 Dairy Calves sold 32.59 73.11 34.08 29.32 31.29 26.19 Transferred out 49.97 99.74 62.59 64.80 34.99 30.24 Cull sales 146.29 146.68 147.81 137.40 131.44 167.46 Butchered 2.45 7.19 5.39 1.91 1.88 0.10 Hedging gain/loss -11.82 - -0.09 -0.94 -9.26 -35.81 Other income 7.91 7.71 14.75 10.00 6.24 2.43 Purchased 111.31 124.54 89.46 107.75 143.16 97.07 Transferred in 99.37 142.91 110.18 142.24 90.62 51.71 Inventory change 80.62 31.21 43.92 86.88 128.97 67.63 Dairy repl net cost -391.16 -251.41 -406.40 -365.43 -380.33 -445.00 Gross margin 3,857.30 3,118.00 3,358.77 3,602.48 4,173.86 4,330.75 Direct Expenses Protein Vit Minerals 591.52 354.50 459.37 542.38 670.70 715.01 Complete Ration 222.37 182.36 211.36 227.30 278.96 180.19 Corn 234.25 207.35 237.06 249.15 232.61 226.79 Corn Silage 234.24 161.92 210.22 222.16 249.60 265.29 Hay, Alfalfa 205.53 275.46 232.54 230.50 202.61 149.09 Haylage, Alfalfa 128.09 49.95 137.93 106.53 145.39 140.48 Other feed stuffs 132.38 172.50 116.07 138.08 102.99 159.70 Veterinary 112.44 87.15 90.65 102.03 123.85 133.25 BST 32.52 3.53 8.49 14.47 35.42 71.03 Supplies 228.28 232.13 233.23 224.05 249.09 206.79 Fuel & oil 103.15 80.82 83.72 99.91 110.84 118.76 Repairs 130.85 136.91 132.03 127.25 135.21 127.39 Custom hire 45.63 11.79 20.51 38.54 45.95 79.01 Hired labor 104.44 20.50 33.78 68.01 166.76 149.82 Hauling and trucking 48.91 66.07 56.20 44.82 52.79 39.00 Marketing 43.14 33.80 38.48 37.00 39.11 58.33 Bedding 58.07 19.10 38.58 49.57 73.43 74.69 Total direct expenses 2,655.79 2,095.84 2,340.21 2,521.73 2,915.32 2,894.63 Return over direct expense 1,201.51 1,022.16 1,018.56 1,080.75 1,258.54 1,436.12 Overhead Expenses Hired labor 239.82 47.87 91.76 180.14 299.65 393.58 Building leases 45.40 9.87 13.58 14.49 64.78 86.64 Utilities 55.33 73.95 77.13 56.03 45.58 42.97 Interest 114.27 99.74 106.11 127.89 113.31 112.95 Mach & bldg depreciation 132.00 118.63 124.83 140.53 137.61 127.67 Miscellaneous 100.52 117.33 98.20 90.72 98.94 108.64 Total overhead expenses 687.34 467.39 511.61 609.80 759.86 872.44 Total dir & ovhd expenses 3,343.13 2,563.23 2,851.82 3,131.52 3,675.18 3,767.08 Net return 514.17 554.77 506.95 470.95 498.68 563.67 Labor & management charge 223.73 369.58 299.21 242.66 206.14 131.60 Net return over lbr & mgt 290.44 185.20 207.73 228.30 292.54 432.08 Cost of Production Per Cwt. Of Milk Total direct expense per unit 12.44 12.65 12.38 12.72 12.65 12.05 Total dir& ovhd expense per unit 15.66 15.47 15.08 15.80 15.95 15.68 With other revenue adjustments 17.04 16.40 16.66 17.24 17.21 17.08 With labor and management 18.09 18.63 18.24 18.46 18.10 17.62 Est. labor hours per unit 41.90 48.13 42.40 37.07 42.90 43.34 Other Information Number of cows 140.7 38.9 71.7 139.8 307.2 822.8 Milk produced per cow 21,344 16,566 18,910 19,824 23,038 24,024 Total milk sold 2,990,232 638,688 1,349,661 2,759,748 7,054,105 19,705,223 Pounds of milk sold per FTE 1,420,527 955,264 1,242,607 1,490,813 1,498,676 1,547,224 Culling percentage 24.3 23.5 24.5 23.1 22.0 27.5 Turnover rate 32.5 32.2 32.8 31.7 29.7 35.9 Cow death loss percent 7.8 7.7 7.3 8.1 7.4 8.3 Percent of barn capacity 108.1 91.3 104.1 107.5 110.6 114.5 Feed cost per day 4.79 3.85 4.40 4.70 5.16 5.03 Feed cost per cwt of milk 8.19 8.48 8.49 8.66 8.17 7.64 Feed cost per cow 1,748.37 1,404.05 1,604.54 1,716.10 1,882.87 1,836.57 Avg. milk price per cwt. 19.46 19.77 19.35 19.61 19.38 19.43 Copyright (c) 2005-2009, University of Minnesota Data Source(s): All Minnesota Groups, 243 farms Southwest Minnesota Farm Business Management Association, 4 farms _______________________________________________________________________________ Report Summary 1. Report number 142381 2. Location State: Minnesota 3. Farm Characteristics Year(s): 2008 Livestock unit: Cow