How much are goats? The answer varies. Goats are valuable. They are a source of meat, and they are used to breed more goats. Goats attract an audience as well. Many people go to farm shows to see the goats meander about. If you own goats, you are lucky, and you could be rich. But the exact value of your wealth isn’t known. Many people ask ‘how much are goats worth?’ The best answer is a lot, and it could increase. Here’s five ways to increase the value of a goat.
1. Provide the Best Feed
Goats are only as good as their diet. If they are feed a nutritious meal everyday, then their performance will improve. Their weight will increase and they will have lots of meat to offer. If they aren’t feed that well, the goat will be skinny, and there won’t be that much meat to procure.
The best way to provide a nutritious diet for goats is by offering a lot of the main food and a supplemental source. Goats graze on the following plants: vines, shrubbery, and weeds. Fermented feed is recommended as well. This includes silage and haylage. Typically, a goat will eat two to four pounds of hay every day. This is supplemented with minerals. Avoid feeding goats with blocks of minerals. It’s better to give a gravel form from a bucket or feeder.
2. Practice Herding Them Regularly
The best way to improve the goat’s performance at the farm show is by practicing different herding techniques. You could guide a herd of goats within the confines of a pen by having the goats walk around the perimeter of the pen. This is a good way to practice moving around the pen. Click here for more grazing tips.
The value of the goat increases dramatically if they can draw an audience. When someone asks ‘how much are goats worth,’ respond by saying as much as the ticket sales are at the farm show plus the price of a pound of goat meat. Goats that can move about properly and feed expertly will have an added bonus.
3. Sell the Meat at a High Price
The best way to increase the value of the goat is by selling the meat at a high price. If the price of goat meat is high, it’s value is high. So when someone asks ‘how much are goats worth,’ simply respond by saying it depends on the price of the meat. After all, the value of the meat is what people will pay for it.
Selling the meat at a high price is tricky. Most buyers are savvy and won’t pay above the value of the market. The only way to sell goat meat at a price higher than market value is to sell it when there isn’t that much supply. The scarcity of the meat will warrant a price that is above the market value.
4. Promote the Goat’s Breeding Abilities
Another way to increase the value of the goat is through breeding. If the goat can produce many offspring, then its value increases. Someone may buy the goat at a higher price if it can produce more offspring. The value of the goat is the future. If one is bought, it can produce two or more through breeding.
5. Sell the Goat’s Dairy Products
Goat’s milk can be processed to produce other dairy products including cheese. Milk and cheese are valuable products that are in high demand at the grocery store. It’s one of the best sources of revenue for a goat farmer. When someone asks ‘how much are goats worth,’ be sure to include the value of the goat’s dairy products.