Table 82: Costs and Returns for Spring Lamb, Per Ewe - 100 Ewe Flock

ITEM	UNIT	PRICE	QUANTITY	TOTAL
Receipts
Lambs^a	lb	$ 0.55	160	$ 88.00
Miscellaneous Income		$ 127.00		$ 127.00
Cull ewe and ram	lb	$ 0.30	25	$ 7.50
Total Receipts				$ 222.50

Variable Costs
Feed
Lamb^b		$ 26.00		$ 26.00
Ewe		$ 35.21		$ 35.21
Other
Veterinary		$ 2.00		$ 2.00
Marketing, supplies, misc. expenses		$ 15.00		$ 15.00
Building and Equipment Repairs		$ 20.00		$ 20.00
Bedding (straw)	ton	$ 50.00	0.15	$ 7.50
Ram replacement		$ 3.00		$ 3.00
Labor
Operator	hr	$ 14.48	6	$ 86.88
Sub-Total				$ 195.59
Interest on Operating Capital^c		10%		$ 9.78
Total Variable Costs				$ 205.37
Returns Above Variable Costs				$ 17.13
Fixed Costs
Building and Equipment		$ 5.58		$ 5.58
Land	acre	$ 50.00	0.1	$ 5.00
Total Fixed Costs				$ 10.58
Total Fixed & Variable Costs				$ 215.95
Management Fees^c				$ 15.12
Total Costs				$ 231.07
Net Returns				$ (8.57)

^a 1.65 lambs marketed per ewe.
^b Includes lambs and replacements fed to 100 pounds.
^c See text for calculation assumptions.