Low commodity prices have inspired farmers to look at alternative enterprises, like sheep dairies, to increase their farm incomes. With careful financial planning and management, sheep dairies can make money for farmers.
CIAS has developed a spreadsheet to help farmers make financial and management decisions about new or existing dairy sheep enterprises. It is applicable to most kinds and sizes of enterprises.
This budget was developed using Microsoft Excel 2000. If you do not have Excel, we recommend that you contact your county Extension agent for help. Alternatively, you could try to access this file from a computer at your nearest high school, community college, or public library.
“Suggestions for Use” are also linked here as a PDF file. It is strongly suggested that you read these suggestions very carefully before filling out the spreadsheet. These suggestions, and the budget, were created for farmers with a basic farm management background.
The budget form might seem long and complex, at first glance. However, it is not! The reason for all the potential entries is that the budget has been designed to serve many different types and kinds of people as well as enterprises. Most people will only use a fraction of the budget. Select the entries that best fit your situation.
You will need to save a copy of the enterprise budget on your own computer in order to add your own figures.
Dairy Sheep Budget (Microsoft Excel 2000 file)
Suggestions for Use (PDF file)