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Business analysis summary for cattle feeding farms 1983 TELFARM data



Business analysis summary for cattle feeding farms 1983 TELFARM data



Agricultural Economics Report, Department of Agricultural Economics, Michigan State University (454): 12pp



The report is based upon farm record information kept by nine Michigan cattle feedlots enrolled in the TELFARM records keeping programme. Average return on investment earned by cattle feedlots during 1983 was 5.2%. The number of cattle on feed averaged 391. Average production costs were $60.47/cwt of beef gain produced, of which feed accounted for 67%. Feed disappearance per cwt liveweight gain for cattle on all farms averaged: 7.1 bu maize, 1.0 t maize silage and 0.3 t hay.

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