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  1. #1
    Join Date
    May 2012
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    Cheyenne, Wyoming, USA
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    1,693

    Default Yearly expenses estimate NEW - 175 hives - please input!

    Yearly expenses for 175 hives

    Yes, I probably forgot some things, but that's why I'm posting. Please comment.

    Feed: $4,500
    Yard registration: $50
    Forklift rental: $600
    Transport to almonds: $13,420?
    Extractor rental: $700
    Broker fees @ $20 per hive: $3,500
    Requeening: $3,500
    Honey packaging: $3,000
    Gas: $3,000
    Truck insurance + maintenance: $1,200
    Loss: $2,850
    Treatments: $875

  2. #2
    Join Date
    Jul 2013
    Location
    Pleasant Shade, TN
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    453

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Are these your expenses?
    A man is worth just as much as the things about which he busies himself- Marcus Aurelius

  3. #3
    Join Date
    May 2012
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    Cheyenne, Wyoming, USA
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    1,693

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    No sir, just the estimated ones for when I expand my own operation.

  4. #4
    Join Date
    Nov 2008
    Location
    Remsen, NY, USA
    Posts
    367

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    I don't see any labor and the related expenses. You doing it all yourself?
    Steve Burton

  5. #5
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    May 2012
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    Cheyenne, Wyoming, USA
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    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Quote Originally Posted by Steve10 View Post
    You doing it all yourself?
    Oh yeah I am!

  6. #6
    Join Date
    Jul 2013
    Location
    Pleasant Shade, TN
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    453

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    First of all, I have no idea, but I found it an interesting question. Transporting bees is a new world to me. You are looking at around $30,000 there in expenses, and I was wondering where your profit is coming from. Last time I looked, $120 for two deeps was the going rate for pollination services. I may be wrong. That equates to $21,000 gross pollination income. There is a $9,000 gap there.
    A man is worth just as much as the things about which he busies himself- Marcus Aurelius

  7. #7
    Join Date
    Nov 2008
    Location
    Remsen, NY, USA
    Posts
    367

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Poor guy....stuck with the worst kind of employee!! Seriously, do you already own the truck you'll need? Feeding sub and/or syrup? How many colonies do you already have? can you raise your own queens in the summer?
    Steve Burton

  8. #8
    Join Date
    May 2012
    Location
    Cheyenne, Wyoming, USA
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    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Ok...here is my whole estimate.

    EXPENSES:

    (One time)
    Acquire hives: $21,000
    Transport: $6,720?
    Frames: $1,200
    Queen excluders: $460
    Truck: $4,000?


    (Yearly - 175 hives)

    Feed: $4,500
    Yard registration: $50
    Forklift rental: $600
    Transport to almonds: $13,420?
    Extractor rental: $700
    Broker fees @ $20 per hive: $3,500
    Requeening: $3,500
    Honey packaging: $3,000
    Gas: $3,000
    Truck insurance + maintenance: $1,200
    Loss: $2,850
    Treatments: $875
    Nuc supplies (boxes, frames, etc): $6,000

    Total: $43,195


    INCOME
    (Yearly)

    Honey: $21,875
    Nucs: $19,500
    Pollination: $26,250

    Total: $67,625

    TOTAL (yearly) NET: $24,430

  9. #9
    Join Date
    Dec 2005
    Location
    Brasher Falls, NY, USA
    Posts
    27,568

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Only $3,000.00 for Gas? Are your bees in a yard behind your house? $3,000.00 seems low. But it has been a while since I had 175 hives.

    Estimating a Profit is encouraging, but you'll probably be closer to break even than Profit, much or none. But it would be nice.
    Mark Berninghausen #youmatter

  10. #10
    Join Date
    Jul 2013
    Location
    Pleasant Shade, TN
    Posts
    453

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Whew! That's better than the first partial estimate. I would definitely be looking into raising my own queens, acquiring my CDL, and building my own supplies such as nuc boxes etc. you will save a TON of money. You might even cut your bill in half that way. Then again, you may be considering that already. To me though, if you could keep your hives at home, each hive make 50 lbs of surplus, that is 8,750 lbs of honey. IF you sold it at market/retail price, you are looking at $52,500 in just honey. I'd set up a local honey store! Then, add whatever you get out of nucs. But, that's just me and I'm not suggesting you do that. I like to play with ideas. Taking your bees to California may be the most rewarding beekeeping experience you will ever have.
    A man is worth just as much as the things about which he busies himself- Marcus Aurelius

  11. #11
    Join Date
    Dec 2005
    Location
    Brasher Falls, NY, USA
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    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Quote Originally Posted by TalonRedding View Post
    But, that's just me and I'm not suggesting you do that. I like to play with ideas.
    As long as we agree that we are just playing. These exercises are fun, I guess. But they are simply speculation. western will have a better idea when he fills out next years taxes.
    Mark Berninghausen #youmatter

  12. #12
    Join Date
    May 2012
    Location
    Cheyenne, Wyoming, USA
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    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Quote Originally Posted by sqkcrk View Post
    western will have a better idea when he fills out next years taxes.
    huh...I guess so. Kinda counting on that!

  13. #13
    Join Date
    Jul 2013
    Location
    Pleasant Shade, TN
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    453

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Let me reiterate and emphasize that I am JUST PLAYING with ideas! they are most certainly speculation. It's Western's decision all the way.
    I'm becoming leery of giving input anymore due to the fact that I can't see peoples' faces during these "conversations", and they can't see mine, and then everyone takes things the wrong way and gets offended. I guess I should use emoticons more often.
    A man is worth just as much as the things about which he busies himself- Marcus Aurelius

  14. #14
    Join Date
    Mar 2012
    Location
    groveton tx
    Posts
    140

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Knowing a few comm beekeepers from Wyoming, and from driving through I would say that 50 lbs would be tough to make regularly. Focus on higher numbers for pollinating and less honey production.

  15. #15
    Join Date
    Feb 2013
    Location
    Manitoba, Canada
    Posts
    120

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    To be honest, when I read the first post I just sat back and thought "here we go!..."

    It is nice to know I am not the only person building up numbers and making predictions getting roasted on here. Good luck with everything!

  16. #16
    Join Date
    Jul 2013
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    Pleasant Shade, TN
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    453

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Quote Originally Posted by JoshW View Post
    To be honest, when I read the first post I just sat back and thought "here we go!..."

    It is nice to know I am not the only person building up numbers and making predictions getting roasted on here. Good luck with everything!
    I know exactly what you mean. I'm actually beginning to learn less about bees on Beesource and more about communicating via the written word. I'm great at reports, but the worlds worst at correspondence.
    A man is worth just as much as the things about which he busies himself- Marcus Aurelius

  17. #17
    Join Date
    May 2008
    Location
    Concord, CA
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    4,160

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Don't exspect 100% of you're hives to make grade for almonds. Maybe estimate 75%
    Dan

  18. #18
    Join Date
    May 2012
    Location
    Cheyenne, Wyoming, USA
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    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    Quote Originally Posted by babybee View Post
    Knowing a few comm beekeepers from Wyoming, and from driving through I would say that 50 lbs would be tough to make regularly. Focus on higher numbers for pollinating and less honey production.
    Not at all unheard of. I averaged 69 lbs per hive this last season. My former partner averaged 62. And the Bryant Honey (7000 hives) north of us averaged a whoppin' 110lbs to the hive.

    Quote Originally Posted by JoshW View Post
    Good luck with everything!
    Thank you sir!

    Quote Originally Posted by KQ6AR View Post
    Don't expect 100% of you're hives to make grade for almonds. Maybe estimate 75%
    Good info, thanks.

  19. #19
    Join Date
    Sep 2010
    Location
    Stafford, Virginia
    Posts
    291

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    I run a 150 colony operation. I migrate from Virginia to Florida (Second Year) and am now looking at purchasing some land in Florida verses renting. I am praying that I make it to 300 colonies this year depending on what happens after Almonds and the oranges in Florida. Sending some colonies with a local (Florida) large beekeeper. It has taken me three years to get to this point. I work by myself, and my wife helps out. I have students who also help and a friend who is a big help when traveling to florida. In addition to the above we have expenses for selling our honey, bottling, advertising, direct mail, office supplies, accounting, legal, inspections, insurance for the colonies, auto and liability, and travel. This is our first year going to the Almonds so we will see how things turn out. Currently working towards CDL, making equipment for the expansion and getting ready for package bee season.

  20. #20
    Join Date
    May 2012
    Location
    Cheyenne, Wyoming, USA
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    1,693

    Default Re: Yearly expenses estimate NEW - 175 hives - please input!

    So Matt,
    How do the above expenses compare to yours? Any adjustments?

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