FINPACK Livestock Budgets

These budgets are intended to provide guidelines for developing FINPACK livestock plans. They are based on the actual costs and returns of Minnesota farm producers included in the FINBIN Farm Financial Database in 2020. Where sufficient farms reported results, the farms are sorted into low/medium/and high profit groups to show the range of results. Note that prices listed are the actual prices received for 2022 sales. When using these budgets to project future cash flows, adjustments should be made to these prices.

Special Note: There were not sufficient numbers of farrow to finish hog operations in 2022 to report budget data for these types of farm operations.

Farms included participate in the MN State Farm Business Management program or the University of Minnesota’s Southwest Minnesota Farm Business Management Association. No attempt was made to predict future costs or prices; these are the actual cost and returns reported for 2022 for these farms.

Note on Feed Equivalents:

The purchased feed expense for several of these enterprises includes substantial Complete Rations, resulting in lower corn equivalent requirements than might be expected. Where applicable, the pounds and value of complete rations are listed at the bottom of the table. For producers who do not feed complete rations, we would suggest decreasing purchased feed and increasing corn equivalents. Roughly, if it is estimated that half of the complete ration was corn, you would decrease purchased feed by half the complete ration cost and increase corn equivalents but half the weight divided by 56 pounds per bushel.

FINPACK Dairy Livestock Budget Estimates Table Screenshot