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Financial tools

 

This page contains links to financial tools (Excel spreadsheets) that producers (and others) can use to help make decisions pertaining to their sheep and goat enterprises. Some of the spreadsheets are password protected to protect the formulas and structure of the spreadsheet. Contact Susan at sschoen@umd.edu for the password to unlock the spreadsheet. You don't need the password to download and use the spreadsheet. However, you need the password to make changes to the structure and formulas. Feel free to adapt the spreadsheets for your own use.

 

  • Comparing marketing alternatives (2.16.24)
    This budget compares different marketing alternatives. There are different ways to market lambs/kids and they all have pros and cons. The goal is the highest NET price, not necessarily the highest price.
     

  • Cost of feeding BioWorma® (12.12.25)
    BioWorma® is a naturally occurring fungus that can be fed to grazing livestock to reduce the reinfection of pastures with infective worm larvae. It is available in two forms:  BioWorma® and Livamol® + BioWorma®. It needs to be fed continuously when parasites are active (above 40°F). 
     

  • Feeder lamb/goat budget
    The purpose of this budget is to evaluate the potential of buying feeder lambs/goats and finishing them out, then selling them, hopefully for a profit.
     

  • IRS Schedule F
    This spreadsheet (similar to an enterprise budget) can help you fill out your schedule F for tax purposes. 
     

  • Meat Goat Enterprise Budget (12.10.25)
    The purpose of the meat goat enterprise budget is to evaluate the potential profitability of a commercial meat goat enterprise in which the sale of live kids (for meat) is the primary goal.  The budget is not suitable for direct marketers.
     

  • Meat Goat Seedstock Budget
    The purpose of the meat goat seedstock enterprise budget is to evaluate the potential profitability of a meat goat enterprise in which breeding stock and/or show wethers comprise a significant portion of the income.
     

  • Partial budgets for surplus lambs/kids (1.29.24)
    The purpose of these budgets is to compare the alternatives for managing surplus (orphan/bummer) lambs/kids.  Should you sell them or grow them out?
     

  • Sheep Enterprise Budget (12.13.25)
    The purpose of the sheep enterprise budget is to evaluate the potential profitability of a commercial sheep enterprise in which the sale of live lambs (for meat) is the primary goal. It is suitable for either hair or wool breeds. The budget is not suitable for direct marketers.
     

  • Sheep Seedstock Budget
    The purpose of the sheep seedstock enterprise budget is to evaluate the potential profitability of a sheep enterprise in which breeding stock and/or show wethers comprise a significant portion of the income.
     

  • Sheep + Solar
    The purpose of this budget is to evaluate the potential profitability of a sheep enterprise in which solar grazing is one of the profit centers (being paid to graze!).
     

  • What weight should you sell your lambs and kids?  (2.16.24)
    This budget evaluates the economics of selling lambs/kids at various weights. At what weight will you realize the most profit?
     

  • Wool Sheep Enterprise Budget (12.13.25)
    The purpose of the wool sheep enterprise budget is to evaluate the potential profitability of a sheep enterprise in individual fleeces are sold. It is suitable for either wool or dual-purpose breeds. With the exception of something like wool pellets, the budget is not well suited to producers who add value to their wool clip.​​​​​​

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