Lamb Finishing Enterprise Budget

Author:	John Molenhuis - Business Analysis & Cost of Production Program Lead/OMAFRA
Creation Date:	28 October 2003
Last Reviewed:	28 October 2003

Revenue	Revised October 2003 Sample cost per $/lamb	Your Farm Budget
Market Lamb Sales	93.08
Wool - Lambs	0.55
Total Expected Revenue	93.64

Expenses	Revised October 2003 Sample cost per $/lamb	Your Farm Budget
Lamb Purchases	65.00
Lamb Delivery	1.00
Feed (Lambs):
Hay (Arrival feeding)	0.52
Mixed Hay	0.10
Alfalfa Hay
Corn	4.62
Barley
Pellet Protein Supplement	1.36
Soybean Meal
Salt
Mineral	0.01
Pasture	0.45
Total Feed Costs
Other Variable Costs:
Health Program:
Wormer
Vaccine primary
Vaccine booster
Other
Total Health Program Costs	0.79
National ID tags	0.34
Marketing	3.69
Transportation	4.43
OSMA checkoff	1.53
Shearing - lambs	1.88
Building and Fence Repairs and Maintenance	1.97
Machine Repairs and Maintenance	1.97
Utilities	0.89
Other	0.49
Interest on Operating Capital	0.21
Total Variable Costs	91.26
Fixed Costs:
Depreciation
Interest on Term Loans
Long-Term Leases
Land
General Fixed Costs
Total Fixed Costs
Total Expenses
Gross Margin (Revenue - Variable Costs)	2.38

Breakeven Price on Your Farm is (Total Expenses / # of Lambs Marketed)

For more information:
Toll Free: 1-877-424-1300
Local: (519) 826-4047
E-mail: ag.info.omafra@ontario.ca