Re: How much do you have wraped up in your hobby?
For 2012 I started keeping better track of my spending and sales. Good thing I did because as the year went on I decided to do the farm form for IRS. I didn't keep some of my receipts, like for mason jars and some of my hardware, but over all with all the new equipment and supplies I got I came out a few hundred ahead. I increased from 8 hives to 18 with enough equipment to have 21 hives and 3 nuks, more extracting equipment etc, odds and ends to make the work easier and faster.
For 2013 I hope to have much more coming in than going out, plus all the more fun! Still, it will only be extra money for me, never a main income. I love that it pays for itself with a little pocket money and plenty of honey to give to family and friends. What other hobby can boast that claim?
"Rule Three of beekeeping...Never cease to feel wonder"--
Beekeeping for Beginners by Laurie R. King