Sheep and Goat Workshops: Financial Management

Financial management of sheep and goat operations involves a variety of income and expenses.
Sheep and Goat Workshops: Financial Management - Workshops
Skill Level: Beginner, Intermediate, Advanced
Language: English

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Sheep and goat producers should have a good understanding of a variety of financial aspects related to their operation. New producers should begin with assessing what resources they have available on their farm and what resources they will need to purchase. All producers should develop a budget to help them better manage finances throughout the year. Producers may also wish to analyze how changes in lambing or kidding percentages, weaning weights or death loss impacts their business. Finally, producers should also take time to look at long terms plans for maintaining, growing or down-sizing their operation.

Who is this for?

Any sheep or goat producer interested in learning more about financial management of their operation.

What will you learn?

How to assess resources currently available on the farm versus resources that are needed to be efficient and profitable

What are fixed and variable expenses and how they fit into a budget

How changes in management impact the business

Long term planning issues such as how long will it take me to pay for start-up costs or how many animals will it take to become profitable?


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