- How to Open this Business: Guide
- TOP-7 KPI Metrics
- Running Expenses List
- Pitch Deck Example
- How To Increase Business Profitability?
- How to Sale More?
- How To Raise Capital: Guide
- How to Value this Business?
Introduction
Goat farming is growing rapidly, with the U.S. market for goat products reaching over 8.5 million in 2019. According to the U.S. Department of Agriculture (USDA), U.S. goat production has increased by 14 % from 2011 to 2017. With the growing demand for goat’s milk, cheese, meat and fiber, it is evident that the potential of starting a goat farm is attractive to many people and can be a great way to earn a living.
If you are considering starting a goat farm, it can be helpful to know exactly how much it will cost you. Here you’ll find a list of important costs to consider to help you plan ahead and be financially prepared before you get started.
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start-up costs
Starting a goat farm can be an expensive business. Here is an estimate of some of the major start-up costs associated with taking on a new goat farm project. Prices will vary based on size, location, breed and more.
Costs | USD Range |
---|---|
land for agriculture | ,000-0,000 |
Fencing | ,000-,000 |
goat frame | ,000-,000 |
Water reservoir | ,000-,000 |
Feeders and watering | 0-,000 |
Animals and breeding stock | – 0 / goat |
Work | ,000-,000 |
Equipment and supplies | 0-,000 |
Veterinary care | Varied |
Total | ,700 – 1,200 |
land for agriculture
Most farmers planning to open a commercial-scale goat farm need to secure an area suitable for grazing. The cost of producing hay and other feed increases the cost of goat farming, so if you plan to raise more than a handful of goats, adequate pasture is essential. The cost of land depends on the location, but the price has increased in recent years. According to the United States Department of Agriculture (USDA), rainfed cropland cost US ,020 per acre in 2019, while irrigated cropland sold for ,632 per acre.
In some parts of the country, however, the price can be considerably higher. For example, the USDA reported that in 2019, cropland on the East Coast averaged ,280 per acre. The cost of land also varies by region. According to a 2020 report from the University of Wisconsin-Farm and Industry, cultivated land in Wisconsin ranged from ,890 to ,100 per acre. Perresses sold for ,590 for ,310 per acre, while pastures went for ,290 for ,790 per acre.
When buying land for a goat farm, consider the following:
- Size: How many goats do you plan to keep? Consider the number of acres needed to accommodate the goats and provide adequate feed and water.
- Topography: Land with gentle slopes is easier to work, but you may prefer to land with hills as goats like to climb and roam.
- Soil Condition: Check the pH level of the soil to make sure it is compatible with goats. The soil should also be hardpan free and have adequate drainage.
- Accessibility: Make sure the land you buy has good road access and is close to your home and a reliable water source.
In addition to buying pasture, consider the costs associated with maintaining the land. This includes cutting/balancing hay, fertilizing, weed control, and soil maintenance such as liming and tilling. Depending on your goals for the farm, you may also need to purchase equipment such as tractors, mowers, and tillers.
Fencing
When it comes to starting a goat farm, an important factor to consider is the cost of fencing, as it is necessary for security, pasture management, and preventing your goats from escaping. The cost of installing fencing for raising goats depends on the type of fence, the area to be enclosed and the terrain.Electrical fenceElectric fencing is one of the most important parts of your goat farming business because it allows you to keep your goats in while keeping predators out. In general, electric fence systems cost between .15 and .45 per foot, with the total cost ranging from ,245 to ,345 for an acre of land. However, this cost can vary greatly depending on the type of fence you choose and the terrain.Barbed wire fenceBarbed wire fences also provide protection for your goats, but they are not recommended if you plan to have multiple animals. Barbed wire fences cost between .50 and .90 per foot, with the total cost ranging from ,245 to ,845 for an acre. This type of fence is more cost effective for smaller plots of land, but it does not provide the same security as electric fences.Woven wire fenceFor larger pastures, woven wire fencing is the preferred choice. This type of fence is safer and can withstand the wear and tear of larger animals. The cost of woven wire fences can range from .65 to .00 per foot, totaling ,245 to ,345 for one acre. This cost can be reduced if the fence is installed on flat ground, as it will require fewer support posts.Variables to considerIn addition to the type of fence, the cost of installing a fence will also depend on the terrain and the slope of the land. For example, installing a fence on hilly terrain will require more posts, posts and wire, resulting in higher cost. Other variables to consider include the size of the area you are trying to enclose, the height of the fence, and the cost of materials.
goat frame
The cost to open a goat farm and start raising goats, including building goat pens, goat pens, and goat sheds, can be quite high. According to the latest statistical information, the average cost of materials required to build a goat shed is around ,133 in USD.
When building a goat shed, it is important to choose a strong building material that will provide a long term solution for your goat farming needs. Common materials used to build a goat shelter include wood and timber, as well as galvanized steel. Steel is considered a more durable option, but it is also more expensive, costing around -2 per square foot.
When designing the layout of your goat shed, it is important to consider the large amount of space goats. Goats need an average of 30 square feet of space to roam and stretch. Additionally, it is recommended to add some type of bedding material to the inside of the shed, such as straw or wood shavings, to keep goats clean and comfortable.
The cost of building a goat shed can add up quickly. In addition to building materials, other costs to keep in mind include:
- Doors and windows: 0-0
- Painting and sealing: 0-0
- Material: -0
The total cost of building a goat shed can range from ,000 to ,000 or more. Taking the time to research and plan ahead will help ensure that your shed is well built and functional for you and your goats.
Water reservoir
When starting a goat farm, one of the most critical investments is the construction of a water reservoir. This is necessary both to ensure the goats have a source of drinking water and also to provide a place to bathe the animals. The construction of a water tank can vary widely depending on a number of factors, including the size of the tank, the type of materials used in construction, and any additional features desired.
Tank Size: The more the tank needed, the more it will cost. Simple models with dimensions of 15 feet long, 20 feet wide, and 3 feet deep have an estimated cost of ,000. Meanwhile, more complex tanks with increased dimensions can cost up to ,000.
The materials used: The type of materials used in the construction of the tank will also affect the cost. Structures made of concrete and durable fiberglass are significantly more expensive than those made of steel or other recycled materials. For example, a basic 15′ x 20′ x 3′ tank that is made from an industrial grade fiberglass can cost up to ,000.
Additional Features: If additional features such as filtration, aeration, or other decorative features are desired, costs can increase significantly. Installing filtration systems alone can cost up to ,000, while aeration systems can cost upwards of ,000. Installing ornamental or decorative features, such as trellises or lights, can also significantly increase the cost.
Overall, building a water tank for a goat farm can range in cost from ,000 to ,000, depending on size, materials used, and additional features desired.
Feeders and watering
When you consider starting a goat farming business, you will quickly realize that feeders and waterers are basic necessities for your goat. The types of feeders and slides you purchase will be determined by the size of your flock, your budget and your climate. Smaller, more budget-friendly options may be sufficient for a small herd, but you may need to invest in a larger or automated system, such as a Self-Filling Waterer, if your herd grows.
The estimated cost to purchase at least two feeders and two waterers is 0-1,000 USD . It is also useful to have a few round bale hay rings to place hay around your property to provide nutrition for your herd. Hay rings usually cost – USD per ring. Purchasing hay and other goat feed to supplement grazing on your property will incur an ongoing cost.
Purchasing feeders and slides online or from a local farm and ranch supplier will often result in cheaper prices. Whichever option you choose, be sure to purchase feeders and alues that are durable and can hold up in all weather conditions.
Animals and breeding stock
Starting a goat farm is a rewarding experience for herders, but it can be quite expensive. Before you start, you will need to purchase animals and breeders. Goat prices vary greatly depending on the breed, but the costs involved generally range from to 0 per animal. When buying goats for breeding, look for a healthy young male and does. Additionally, you may want to purchase an older stud or two, to get an established breeder off the ground.
According to the most recent report compiled by the United States Department of Agriculture, the estimated cost of purchasing disease-free breeding goats is approximately 0 per animal. For starter goat owners, buying two or three would be reasonable. If purchasing multiple goats, be sure to purchase animals with similar genetic backgrounds to ensure quality offspring. In addition to the cost of the goat, you can expect to pay for its health check, necessary vaccinations, and transportation costs.
To ensure a sustainable farming business, you may want to purchase a number of other animals, such as sheep and/or pigs. For example, a cross of Shropshire sheep and Angora goats can be quite profitable and cost around 0 for a breeding quality animal. It is important to keep in mind that the health and genetic records of all animals purchased for breeding must be kept up to date in order to keep the herd healthy.
The initial cost of purchasing all the animals you need for a successful goat farm can be a heavy burden, but the rewards of the effort are worth it. Be sure to research the different breeds to find the ones that will best achieve your goals, and be sure to purchase quality breeding stock.
Work
The cost of labor will vary depending on the size and scope of your goat farming business. Typically, the main labor costs involved in starting a goat farm are for the production and care of the animals.
For a small farm of up to 50 goats, you should budget for a full-time employee who is skilled in goat production. This will include animal care, land management, milking and harvesting, equipment maintenance, purchase of supplies and advertising. If necessary, you may also need to hire additional part-time staff for peak production times.
According to the Bureau of Labor Statistics, the national median hourly wage for a pet sitter was .37 As of May 2019. If you need to hire additional help, you can use that as a guide. However, it is important to note that salaries differ depending on the region and the qualifications of the applicant.
Equipment and supplies
To set up a sustainable goat farm, you will need a variety of equipment and supplies, such as proper housing, fencing, and feeders. Depending on the size of your operation, the cost of equipment and supplies can vary significantly. Generally speaking, you’ll probably need to spend anywhere between ,000-,000 just to get started. This cost may include items such as hay wagons, water tanks, implements, tools, pens, pet food, and supplements.
Another factor to consider when determining the cost of supplies is the breed of goats you are growing. Different types of goats require different types of feed, housing, and soil conditioning. For example, raising dairy goats for milking may require specialized equipment, such as goat stands and milking machines. Boer goats may require stronger and more durable fences as they are known to be strong jumpers and climbers. Additionally, some breeds may require special supplements, medications, and shelter.
Whichever breed you choose, you should plan to invest in quality fencing, feeding equipment, supplements, and bedding. A durable and secure fence is necessary to keep predators out and goats out. Feeders and alers should be installed to ensure your animals have access to feed and water. Finally, hay and bedding should be stocked in adequate amounts to keep your animals healthy and comfortable.
To provide a cost estimate, the table below summarizes typical equipment and supplies needed, along with a rough cost estimate range:
- Fencing: .50-.00 per foot
- Feeders: 0-0
- Waterers: 0-0
- Hay: – per bale
- Shelter: 0-,500
- Extras: 0-0 per bag
Veterinary care
Veterinary care is a crucial part of maintaining a healthy and productive goat herd, as any farmer will attest. From routine vaccinations and vaccinations to emergency medical care, goats require the attention of a qualified veterinarian. Depending on the size of your herd and the location you live in, annual veterinary care costs can range from ,500 to ,500 per year.
A regular checkup by a goat veterinarian should be scheduled at least once a year, allowing for these basic preventative measures:
- Herd health assessment
- Check and Flea Treatments
- Vaccinations and vaccinations
- Propylene glycol supplementation
- Clog Pricing
Emergency veterinary care may also be needed if your goats become ill or sustain an injury. Fortunately, many veterinarians offer payment plans to help reduce the blowout of unexpected medical bills.
In addition to this, the American Association of Goat Veterinary Practitioners recommends that goat farmers maintain an emergency medical kit for their goats. Typically, these kits will include antibiotics, anti-inflammatory medications, and bandaging supplies, among other items. You must ensure that these items are properly stored and have not expired.
Conclusion
Estimating the cost to start a goat farm will give you an idea of the amount of capital needed before starting a business. On average, the total cost usually ranges from ,500 to ,000, depending on the scope and requirements of your farm. The cost of land, fencing, goat sheds, water sources, labor and veterinary care should be considered when preparing your budget.
Overall, the cost of goat farming can be deemed relatively low, especially when compared to other industries – so now might be a good time to jump into this rapidly growing market. With a better understanding of the costs associated with goat farming, you will be well on your way to starting and running a successful goat farm!