2017 Meat Goat

Enterprise Budget
The purpose of this enterprise budget is to evaluate the profit potential of a commercial meat go
enterprise in which the sale of live kids (for meat) is the primary source of income. It is assumed
that does kid annually and that replacements are saved from the herd and bred to kid as yearling

[1] Assumptions
[2] Income
[3] Feed costs
[4] Veterinary costs
[5] Other Expenses
[6] Capital investment
[7] Summary

This enterprise budget was developed by Susan Schoenian, Sheep & Goat Specialist at the Univers
of Maryland's Western Maryland Research & Education Center (WMREC) in Keedysville, Marylan

The budget is password-protected to protect the formulas and structure of the

spreadsheet. To make changes, contact Susan at sschoen@umd.edu for the password.
 Last updated 01.03.17 by S Schoenian

ential of a commercial meat goat

source of income. It is assumed
herd and bred to kid as yearlings.

& Goat Specialist at the University

MREC) in Keedysville, Maryland.

as and structure of the

umd.edu for the password.
2017 Meat Goat Enterprise Budget
HERD COMPOSITION

100 Number of does (nannies)

3 Number of bucks (billies)
5.0% Adult death loss
20.0% Doe replacement rate
33.0% Buck replacement rate
145% PERCENT KID CROP RAISED (copied from below)

Percent kid crop is the most important factor affecting profitability of a meat goat enterprise.
It is the number of kids available to sell or keep for replacement divided by the number
of does exposed for breeding. Use the table below to calculate it. Enter values in green cells.

CALCULATION OF PERCENT KID CROP

100 Number of does exposed for breeding (copied from above)

95% Percent does kidding
95 Number of does kidding
200% Percent kids born live (# live kids ÷ # does kidding)
190 Number of kids born live
15.0% Percent pre-weaning death loss
162 Number of kids weaned
10.0% Percent post-weaning death loss
145 Total number kids produced
125 Number of kids sold for market
20 Number of doe kids kept for replacement
145% PERCENT KID CROP RAISED
se Budget

Enter data in the green cells. The other cells are password-protected.
Data in the white cells are automatically calculated from other values in the spreadsh
Hover over the red triangle in the upper right corner of the cell to display useful comm

om below)

a meat goat enterprise.

ided by the number
er values in green cells.

g (copied from above)

does kidding)
d-protected.
other values in the spreadsheet.
e cell to display useful comments.
 2017 Meat Goat Enterprise Bud
INCOME CALCULATION
Item No head Amount Unit Price/unit
Market goats (male) 73 70 pounds $ 2.50
Market goats (female) 53 55 pounds $ 2.00
Cull does 15 110 pounds $ 1.00
Cull bucks 0.8 150 pounds $ 1.50
Enter other source of income
Enter other source of income
Total income
Enter data in the green cells. The other cells are password-protected.
Data in the white cells are automatically calculated from other values in the spreadsheet.
Hover over the red triangle in the upper right corner of the cell to display useful comments.
prise Budget

Total Per doe

$ 12,718 $ 127.18
$ 5,794 $ 57.94
$ 1,650 $ 16.50
$ 189 $ 1.89
$ - $ -
$ - $ -
$ 20,351 $ 203.51
 2017 Meat Goat Enterprise Budg
Feed accounts for a significant amount of the cost of raising meat goats, as much as 70 percent of the total. A
very important to enter realistic data. There are different ways to feed goats, so feed costs can vary con

FEED COSTS
DOES Head Amount Unit Cost/unit
Legume hay 103 0.10 ton $ 160
Grass hay 103 0.10 ton $ 120
Grain 100 132 pound $ 0.075
Protein supplement 100 33 pound $ 0.18
By-product feed 100 0 pound $ 0.16
Silage 100 0.00 ton $ 50.00
TMR 100 0 pound $ 0.10
Minerals 103 12 pound $ 0.50
Annual pasture planting 0.0 acres $ 200.00
Pasture and browse maintenance 20.0 acres $ 50.00
Pasture and browse rental 0.0 acres $ 75.00
Protein tubs 3 tubs $ 50.00
Other feed purchase
Total doe feed costs

KIDS Head Amount Unit Cost/unit

Creep feed (10-60 days) 162 15 pound $ 0.18
Finishing ration 162 75 pound $ 0.14
By-product feed 162 0 pound $ 0.16
Hay 162 0 ton $ 160.00
Silage 162 0 ton $ 32.00
Minerals 162 0 pound $ 0.50
Annual pasture planting 5 acres $ 100.00
Pasture and browse maintenance 0 acres $ 50.00
Pasture and browse rental 0 acres $ 75.00
Milk replacer 2 bags $ 45.00
Other feed purchase 0
Total kid feed cost

TOTAL FEED COSTS

Enter data in the green cells. The other cells are password-protected.
Data in the white cells are automatically calculated from other values in the spreadsheet.
Hover over the red triangle in the upper right corner of the cell to display useful comments.
prise Budget
h as 70 percent of the total. As a result, it is
ts, so feed costs can vary considerably.

Total Per doe

$ 1,648 $ 16.48
$ 1,236 $ 12.36
$ 990 $ 9.90
$ 594 $ 5.94
$ - $ -
$ - $ -
$ - $ -
$ 618 $ 6.18
$ - $ -
$ 1,000 $ 10.00
$ - $ -
$ 150 $ 1.50
$ - $ -
$ 6,086 $ 60.86

Total Per doe

$ 436.05 $ 4.36
$ 1,695.75 $ 16.96
$ - $ -
$ - $ -
$ - $ -
$ - $ -
$ 500.00 $ 5.00
$ - $ -
$ - $ -
$ 90.00 $ 0.90
$ - $ -
$ 2,631.80 $ 26.32

$ 8,718 $ 87
 2017 Meat Goat Enterprise Budg
HEALTH & VETERINARY COSTS
Expenditure No head Amount Unit Cost/unit
Deworming: adults 103 1 doses $ 0.75
Deworming: kids 145 2 doses $ 0.75
Coccidia treatment: kids 145 1 doses $ 1.00
Other parasite control
Clostridial vaccination: adults 103 1 doses $ 0.50
Clostridial vaccination: kids 145 2 doses $ 0.50
Other vaccination 0 0 doses $ -
Other vaccination 0 0 doses $ -
Veterinary medicine
Professional veterinary services
Other health and veterinary costs
Other health and veterinary costs
Total health and veterinary costs
Enter data in the green cells. The other cells are password-protected.
Data in the white cells are automatically calculated from other values in the spreadsheet.
Hover over the red triangle in the upper right corner of the cell to display useful comments.
ise Budget

Total cost Per doe

$ 77 $ 0.77
$ 218 $ 2.18
$ 145 $ 1.45
$ - $ -
$ 52 $ 0.52
$ 145 $ 1.45
$ - $ -
$ - $ -
$ 300 $ 3.00
$ 500 $ 5.00
$ 50 $ 0.50
$ 50 $ 0.50
$ 1,537 $ 15.37
 2017 Meat Goat Enterprise Budg
OTHER EXPENSES
Other costs Number Unit
Supplies 100 head
Bedding 100 head
Buck replacement 1.0 head
Hauling 141 head
Marketing 141 head
Livestock guardians (feed, veterinary care)
Enter other cost
Enter other cost
Enter other cost
Enter other cost
Total other costs
Enter data in the green cells. The other cells are password-protected.
Data in the white cells are automatically calculated from other values in the spreadsheet.
Hover over the red triangle in the upper right corner of the cell to display useful comments.
terprise Budget
SES
Cost/unit Total Per doe
$ 5.00 $ 500 $ 5.00
$ 5.00 $ 500 $ 5.00
$ 500.00 $ 495 $ 4.95
$ 5.00 $ 706 $ 7.06
$ 5.00 $ 706 $ 7.06
$ 500 $ 5.00
$ - $ -
$ - $ -
$ - $ -
$ - $ -
$ 3,407 $ 34.07

preadsheet.
ul comments.
 2017 Meat Goat Enterprise Bud
CAPITAL PURCHASES
EXPENDITURE Number Cost Unit
Breeding does 100 $ 200 head
Breeding bucks(s) 3 $ 400 head
Livestock guardian(s) 2 $ 500 head
Pasture establishment, improvement 20.0 $ 200 acre
Fencing
Housing, including lots and pens
Watering system(s)
Handling system
Feeders (fenceline, hay, grain, minerals)
Feed storage, e.g. bulk bin, silo
Farm machinery, e.g. tractor, manure spreader
Supplies and misc. equipment
Enter other investment cost
Enter other investment cost
Enter other investment cost
TOTAL INVESTMENT
Enter data in the green cells. The other cells are password-protected.
Data in the white cells are automatically calculated from other values in the spreadsheet.
Hover over the red triangle in the upper right corner of the cell to display useful comments.
rise Budget

Total Per doe

$ 20,000 $ 200
$ 1,200 $ 12
$ 1,000 $ 10
$ 4,000 $ 40
$ 10,000 $ 100
$ 10,000 $ 100
$ 2,000 $ 20
$ 1,500 $ 15
$ 1,500 $ 15
$ 2,000 $ 20
$ 1,000 $ 10
$ 100 $ 1
$ - $ -
$ - $ -
$ - $ -
$ 54,300 $ 543
 2017 Meat Goat Enterprise Bud
BUDGET SUMMARY
Income Total
Market kids $ 18,512
Cull does and bucks $ 1,839
Other income $ -
Total Income $ 20,351

Expenses Total
Feed costs $ 8,718
Doe feed cost $ 6,086
Kid feed cost $ 2,632
Health and veterinary costs $ 1,537
Other costs $ 3,407
Total expenses $ 13,662

Profit $ 6,689
Expenses ÷ Income 67%
Total investment $ 54,300
Years to repay investment 8.12
Rate of return on investment (ROI) 12%
rise Budget
%
Per doe %
$ 185.12 91.0%
$ 18.39 9.0%
$ - 0.0%
$ 203.51

Per doe %
$ 87.18 64%
$ 60.86 45%
$ 26.32 19%
$ 15.37 11%
$ 34.07 25%
$ 136.62

$ 66.89
67%
$ 543.00
8.12
12%