Thank you for this post, from a fellow QC CPA and lamb producer (townships)! We’re 1 year in and I’m definitely going to start tracking my costs per productive ewe, what a great way to see things! Keep up the good work!
Hi Ursina. Thanks for sharing your financial information. Do I have this right though. Your total cost of production as you have defined it is $400.46 x 225 = $90,103. Total revenues are 225 x 1.44 (lambing %) x $161.51 (average lamb price) = $52,329. That's a loss of $37,774. Have I done the math correctly or am I missing something?
Thank you for this post, from a fellow QC CPA and lamb producer (townships)! We’re 1 year in and I’m definitely going to start tracking my costs per productive ewe, what a great way to see things! Keep up the good work!
Hi Ursina. Thanks for sharing your financial information. Do I have this right though. Your total cost of production as you have defined it is $400.46 x 225 = $90,103. Total revenues are 225 x 1.44 (lambing %) x $161.51 (average lamb price) = $52,329. That's a loss of $37,774. Have I done the math correctly or am I missing something?
Thanks
Rob Wilson