Cash Receipts: 



Steer calves (102.1 lbs) ' 84.84 



Heifer Calves (70.4 lbs) 53.20 



Feeder steers (133.5 lbs) 97.34 



Feeder heifers (90.4 lbs) 63.90 



Cull cows (92.5 lbs) 38.77 



Total, cash receipts 338.05 



Cash Expenses: 



Feed- 

 Grain (1.78 cwt) 6.13 



Protein supplements (1.02 cwt) 11.25 



Salt and minerals (0.36 cwt) 2.02 



Hay (1.36 ton) 31.39 



Silage (0.09 ton) 1.67 



Pasture 34.67 



Public grazing 1.52 



Other- 

 Veterinary and medicine 7.34 



Livestock hauling 2.81 



Marketing 4.18 



Fuel, lube, and electricity 11.46 



Machinery and building repairs 20.61 



Hired labor (5.05 hours) 23.23 



Total, variable cash expenses 158.28 



General farm overhead 40.57 



Taxes and insurance 24.84 



Interest 43.95 



Total, fixed cash expenses 109.36 



Total, cash expenses 267.64 



Cash receipts less cash expenses 70.41 



Capital replacement ^ 56.31 



Total, cash expenses and replacement 323.95 



Net cash returns 14.10 



Economic (full ownership) costs: 



Variable cash expenses 158.28 



General farm overhead 40.57 



Taxes and insurance 24.84 



Capital replacement 56.31 



Operating capital ^ 4.79 



Other nonland capital '' 23.88 



Land ^ 48.50 



Unpaid labor (25.8 hrs) 79.11 



Total, economic costs 436.28 



Residual returns to management and risk -98.23 -117.56 -133.28 



' Quanties per unit in parentheses are for latest year and will vary for earlier years. ^ Capital replacement cost is treated 

 as a cash cost. ^ Variable expense items multipled by pan of year used and 6-month U.S. Treasury bill rate. * Value of 

 machinery and equipment multiplied by longrun real rate of to production assets in farm sector. Value of land 

 multiplied by longrun real rate of return to production assets in farm sector. 



SOURCE: Economic Indicators of the Farm Sector, Costs of Production-Livestock and Dairy, 1989, USDA-ERS 



