A feasibility study of operating a sheep dairy in central Iowa

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dc.contributor.author Venard, Kathryn Lyn
dc.date.accessioned 2008-12-16T17:15:38Z
dc.date.available 2008-12-16T17:15:38Z
dc.date.issued 2008-12-16T17:15:38Z
dc.identifier.uri http://hdl.handle.net/2097/1056
dc.description.abstract The sheep dairy industry in the United States is small. Producers are concentrated in a few areas geographically with the greatest demand for sheep milk products located on the east and west coasts. The purpose of this analysis is to determine if a family-run sheep dairy located in Central Iowa could produce an annual profit of $40,000 without utilizing labor hired outside the family. Budgets were created and used to determine the revenues and costs of operating a sheep dairy, and producing and selling three different end products for sale: fluid milk, cheese and bars of soap. Microsoft Solver was used to determine the product mix that would maximize the total profit of the enterprise. The profit of the enterprise depends on a number of factors including the cost of feed, the number of ewes milked and the amount of milk each ewe produces. A maximum profit of $66,993 could be generated by selling 74% of the milk as fluid milk, 25% of the milk processed into cheese and 1% of the milk processed into soap. The diversification of products would help buffer the enterprise from volatility in the product markets. While the budgets show that this enterprise is profitable, local markets for these products must be identified and/or developed for the profits to be realized. en
dc.language.iso en_US en
dc.publisher Kansas State University en
dc.subject Sheep en
dc.subject Milk en
dc.subject Dairy en
dc.subject Cheese en
dc.subject Iowa en
dc.subject Economics en
dc.title A feasibility study of operating a sheep dairy in central Iowa en
dc.type Thesis en
dc.description.degree Master of Agribusiness en
dc.description.level Masters en
dc.description.department Department of Agricultural Economics en
dc.description.advisor Michael W. Woolverton en
dc.subject.umi Agriculture, Food Science and Technology (0359) en
dc.subject.umi Economics, Agricultural (0503) en
dc.subject.umi Economics, Finance (0508) en
dc.date.published 2008 en
dc.date.graduationmonth December en

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