A new resource has been made available for producers looking for assistance in quantifying expenses and profits on their sheep operation.
With the assistance of various state agriculture economists, regional budgets have been developed. Individuals can input the numbers to fit the specifics from their farm or ranch leaving them with the calculated risk, profit or loss, of running the operation. The ability to work through the appropriate budget is also helpful when sheep producers talk with lenders.
The budget templates take into consideration variable costs such as feed, medical and labor expenses as well as fixed costs such as equipment and buildings. Other key variables, such as quantity, prices, owner hours expanded and capital investments based on different regions of the country, are considered in determining the final risk assessment.
This information will be updated as it becomes available and new regions will be added.
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