Can you earn from Goat Farming?
How much can you earn from goat farming? Goat farming is a cheap and profitable business. You can earn from goat farming in many ways beyond selling its meat. Goats are good for milking too, and their skin can be sold for leather. Goat farming is one of the most popular types of livestock farming and has many advantages.
Earning from goat farming is not complicated, but it has to be managed well if you are to see a sufficient profit. The average goat farmer in the United States earns a profit of around $39,000. Farmers with small goat herds in areas where the mutton is not much in demand can make about $30,000 annually, but farmers of large goatherds can make up to $100,000 in high-demand areas.
So the answer to your question, is goat farming profitable? Is yes! Goats are low maintenance, need less space and can be started with a little capital. Goats also need much less feed than other livestock. So all these characteristics make goat farming a profitable business. But as is the case with any business, you have to analyze and manage your cost-to-income ratio.
How much can you earn from goat farming?
How much can you earn from goat farming? The answer is not direct or simple. The final sum is dependent on many determining factors like the goat breed, region, farm size, overhead expenses, herd population and the product you sell.
The average salary of goat farmers ranges from country to country and is different in every state of the United States. Meat is not the only stream of profit in goat farming, though it is a major part. Demand for goat meat is rising in the United States and is preferred over other kinds of meat.
The milk of goats may not be as much in volume as cow milk, but they are precious and highly nutritious. Goat milk costs more than $5 per gallon and more in some regions where supply is low. A nanny goat produces 3-4 quarts of milk a day. Goat milk also has many other uses in making products like cheese, gelato and all-natural skin and hair care.
Goat hide can be tanned for leather and can be sold for a reasonable profit. Goats are not raised for their hide but are a byproduct when they are slaughtered for meat. Goat hair can also be shorn and sold to make fiber. Angora goats can be shorn twice a year and can produce about 8 pounds of fiber per goat. The price per pound depends on the quality and breed of goat.
You can also earn by breeding and selling goats. Female goats can reproduce twice a year, and some even bear multiple offspring from the same pregnancy. Reproduction also means dairy production. Some breeds of goats are worth more in the market than others. Boer goats are considered best for meat, and Saanen produces more milk than other breeds.
Another way to make money from goats is to rent them out for landscaping. Goats are excellent lawnmowers that will help clear overgrown land in an eco-friendly manner. Please read this article for how much you can earn by renting goats. Goats are charged by the hour or by acreage. In addition, you can earn from goat farming blogs and tutorials. Earning money in any business takes some passion and creativity. Goat farming would not be as popular as it is today if it was not profitable in so many ways.
So how much can you earn from goat farming? A Summary
The average amount a goat farmer earns in the United States is $39,000, depending on your region, size of the farm and number of goats. If your farm is large with a large number of goats in addition to all other above-mentioned ways of earning money from goats, your profit will easily exceed $100,000 per year.
