I. Title: "A Study On The Feasibility of Establishing A Dairy Goat Farm in Barangay Meysulao, Calumpit, Bulacan"

I.
TITLE
“A STUDY ON THE FEASIBILITY

OF ESTABLISHING A DAIRY
GOAT FARM IN BARANGAY
MEYSULAO, CALUMPIT,
BULACAN”
II. PRODUCT/PRODUCE
The primary produce is the
goat’s milk to be pasteurized.
After pasteurization it will be put in a

bottle and then sold..
Sagoat sa Kahirapan Cooperative
III. HISTORICAL
DEMAND AND SUPPLY
Table 9: Supply of Goat’s 200 185.36
Milk (in thousand Liters) 180

H I S T O R I C A L S U P P LY
Year Goat 160
140
2002 101.00 120

101
95 95 94 91.57 93.79 94.43
2003 95.00 100
2004 95.00 80
2005 94.00 60
2006 91.57 40
2007 93.79 20
2008 94.43 0
Supply
2009 185.36 2002 2003 2004 2005 2006 2007 2008 2009
Figure 9: Supply of Goat Milk (in

Source: Bureau of Agricultural Statistics thousand Liters) 2002-2009

III. HISTORICAL
DEMAND AND SUPPLY
Table 10: Demand of Goat250
Milk (in thousand Liters) HISTORICAL DEMAND 200.5
Year Goat
200
2002 116.10 150

116.1 112.86
2003 110.98 110.98 107.57 106.57 108.51 108.12
2004 112.86 100
2005 107.57
2006 106.57 50
2007 108.51
2008 108.12 0
demand
2009 200.50 2002 2003 2004 2005 2006 2007 2008 2009
Figure 10: Demand of Goat Milk (in

Source: Bureau of Agricultural Statistics thousand Liters) 2002-2009

IV. PROJECTED
DEMAND AND SUPPLY
Table 11: Projected
Demand of Goat’s Milk (in PROJECTED DEMAND
thousand Liters) 700
607.04
Year Goat 572.65
600 538.27
503.88
469.5
500
2012 469.50 400
2013 503.88 300
2014 538.27 200
100
2015 572.65
0
2016 607.04 Projected Demand
2012 2013 2014 2015 2016
Figure 11: Projected Demand of

Computation Appendix C Goat’s Milk (in thousand Liters)
2012-2016
IV. PROJECTED
DEMAND AND SUPPLY
Table 12: Projected Supply
of Goat’s Milk (in thousand P R O J E C T E D S U P P LY
Liters) 600 546.51
515.09
Year Goat 483.66
500 452.23
420.81
400
2012 420.81
300
2013 452.23
200
2014 483.66
100
2015 515.09
0
2016 546.51 Projected Supply
2012 2013 2014 2015 2016
Figure 12: Projected Supply of Goat

Computation Appendix D
Milk 2012-2016
IV. PROJECTED
DEMAND AND SUPPLY
Table 13: Demand Gap of The demand gap shows a need for
Goat’s Milk (in thousand a d d i t i o n a l s u p p l y o f g o a t ’s mi l k .
Liters) Producing milk locally is a way to
Year Goat sustain the insufficiency aside from
70
importing.
60.52
57.56
54.61
60 51.65
2012 48.69 48.69
50
2013 51.65
40
2014 54.61 30
2015 57.56 20
10
2016 60.52
0
Demand Gap
2012 2013 2014 2015 2016

Computation Appendix E
Figure 13: Demand Gap
V. TYPE OF
ORGANIZATION
SaGoat sa Kahirapan Organizational Chart

VI. FINANCIAL
STATEMENTS

SaGOAT Sa Kahirapan Cooperative Dairy Farm
Projected Income Statement
For the Years Ended

2012 2013 2014 2015 2016

Sales (Schedule 1) 461,111 694,425 1,656,918 2,062,660 1,622,701
Cost of Sales 208,436.45 320,728.75 640,840.92 1,144,083.82 996,024.95
Gross Surplus 252,674.55 373,696.25 1,016,076.63 918,575.78 626,676.13
Less: Operating Expenses
Rent Expense 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Utilities Expense 25,000.00 26,250.00 27,562.50 28,940.63 30,387.66
Packaging Expense 13,174.60 17,955.00 32,631.93 42,640.56 42,148.08
Feeds (Schedule 2) 186,000.00 265,740.00 311,904.60 242,585.39 249,862.96
Salaries Expense (Schedule 3) 96,000.00 96,000.00 96,000.00 96,000.00 96,000.00
Depreciation Expense (Schedule 4) 62,131.93 62,131.93 62,131.93 62,131.93 62,131.93
Total Operating Expense 432,306.53 518,076.93 580,230.96 522,298.51 530,530.63
Operating Surplus (179,631.98) (144,380.68) 435,845.66 396,277.27 96,145.51
Add: Gain from FV of Bio Assets (Schedule 5) 230,000.00 753,900.00 674,867.81 530,915.77 451,104.76
Gain From Inventory Produce 208,436.45 320,728.75 640,840.92 1,144,083.82 996,024.95
Interest Income - - 35,000.00 95,000.00 120,000.00
Total Surplus 258,804.47 930,248.07 1,786,554.40 2,166,276.85 1,663,275.21
Less: Promotional Expense 32,000.00 32,000.00 32,000.00 32,000.00 32,000.00
General and Administrative Expense (Schedule 6) 101,650.00 103,000.00 104,417.50 105,905.88 107,468.67
Interest Expense 42,000.00 42,000.00 - - -
Selling Expense 23,055.55 34,721.25 82,845.88 103,132.98 81,135.05
Total Other Expenses 198,705.55 211,721.25 219,263.38 241,038.86 220,603.72
www.themegallery.com Company Name

Net Surplus 60,098.92 718,526.82 1,567,291.02 1,925,238.00 1,442,671.49
Projected Balance Sheet
For the Years Ended

2012 2013 2014 2015 2016

Assets
Current Assets
Cash (Schedule 7) 305,304.77 369,465.38 322,816.87 323,396.51 444,249.06
Total Current Assets 305,304.77 369,465.38 322,816.87 323,396.51 444,249.06

Non- Current Assets
Biological Assets(schedule 8) 630,000.00 1,334,025.00 1,148,942.81 1,364,405.77 1,815,510.52
Property and Equipment(Schedule 9) 829,390.07 767,258.13 705,126.20 642,994.27 580,862.33
Long Term-Investment 700,000.00 1,900,000.00 2,400,000.00
Total Non- Current Assets 1,459,390.07 2,101,283.13 2,554,069.01 3,907,400.03 4,796,372.86

TOTAL ASSETS 1,764,694.84 2,470,748.51 2,876,885.89 4,230,796.54 5,240,621.91

Liabilities and Member's Equity
Liabilities
Current Liabilities
Rent Payable 4,166.67 4,166.67 4,166.67 4,166.67 4,166.67
Utilities Payable 2,083.33 2,187.50 2,296.88 2,411.72 2,532.30
Packaging Payable 7,904.76 10,773.00 19,579.16 25,584.34 25,288.85
General Administrative Expense 8,470.83 8,583.33 8,701.46 8,825.49 8,955.72
Total Current Liabilities 22,625.59 25,710.50 34,744.16 # 40,988.21 40,943.54

Non- Current Liabilities
Loans Payable 700,000.00 700,000.00
Total Non- Current Liabilities 700,000.00 700,000.00 - - -

Total Liabilities 722,625.59 725,710.50 34,744.16 40,988.21 40,943.54

Member's Equity
Share Capital (Schedule 10) 1,000,000.00 1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00
General Reserve Fund(50%) 30,049.46 389,312.87 1,172,958.38 2,135,577.38 2,856,913.12
CETF Fund(10%) 6,009.89 77,862.57 234,591.68 427,115.48 571,382.62
Optional Fund(7%) 4,206.92 54,503.80 164,214.17 298,980.83 399,967.84
Community Development Fund(3%) 1,802.97 23,358.77 70,377.50 128,134.64 171,414.79

Total Member's Equity 1,042,069.24 1,745,038.01 2,842,141.73 4,189,808.33 5,199,678.37

TOTAL LIABILITIES AND MEMBER'S EQUITY 1,764,694.84 2,470,748.51 2,876,885.89 4,230,796.54 5,240,621.91
Projected Cash Flows Statement
For the Years Ended

2012 2013 2014 2015 2016

Net Income 60,098.92 718,526.82 1,567,291.02 1,925,238.00 1,442,671.49
Add: Depreciation Expense 62,131.93 62,131.93 62,131.93 62,131.93 62,131.93
Cash received from sale of bio asset - 66,000.00 514,800.00 570,240.00 -
Rent Payable 4,166.67
Utilities Payable 2,083.33 104.17 109.38 114.84 120.59
Packaging Payable 7,904.76 2,868.24 8,806.16 6,005.18 (295.49)
General Administrative Expense 8,470.83 112.50 118.13 124.03 130.23
Total Additions 84,757.53 131,216.84 585,965.59 638,615.99 62,087.26
Less: Gain from Bio Assets 230,000.00 753,900.00 # 674,867.81 # 530,915.77 451,104.76
Gain on sale of bio asset - 16,125.00 (345,150.00) 254,787.19 -
Total Deductions 230,000.00 770,025.00 329,717.81 785,702.95 451,104.76
Cashflows from Operations (85,143.56) 79,718.66 1,823,538.80 1,778,151.03 1,053,654.00

Cash Flows from Investing
Acqusition of Fixed Assets 1,291,522.00
Investment in Held to maturity.. 700,000.00 1,200,000.00 500,000.00
Total 1,291,522.00 - 700,000.00 1,200,000.00 500,000.00

Cash Flows from Financing
Cash receipts from capital investment 1,000,000.00 200,000.00
Cash from Loan 700,000.00
Dividends 18,029.68 215,558.05 470,187.31 577,571.40 432,801.45
Payment of Loan 700,000.00
Total 1,681,970.33 (15,558.05) (1,170,187.31) (577,571.40) (432,801.45)

Net Cash Flows 305,304.77 64,160.61 (46,648.51) 579.63 120,852.55
www.themegallery.com
Add: Beginning Cash Balance - Company
305,304.77 Name 369,465.38 322,816.87 323,396.51
Ending Cash Balance 305,304.77 369,465.38 322,816.87 323,396.51 444,249.06

Projected Sales of Dairy Goat and Milk
For the Years Ended
Schedule 1
2012 2013 2014 2015 2016

Selling Prices per Liter 70.00 70.00 70.00 70.00 77.00
No. of Liters Sold 6,587.30 8,977.50 16,315.97 21,320.28 21,074.04
Sales on Produce 461,111.00 628,425.00 1,142,117.55 1,492,419.60 1,622,701.08

Selling Prices per head 27,500.00 33,000.00 39,600.00 47,520.00 57,024.00
No. Heads Sold - 2 13 12 -
Sales on Biological Asset - 66,000.00 514,800.00 570,240.00 -


Total Sales 461,111.00 694,425.00 1,656,917.55 2,062,659.60 1,622,701.08
Projected Feeds Costs of Dairy Goat
For the Years Ended
Schedule 2

2012 2013 2014 2015 2016
Variable Cost to Produce per head per month
Feeds 350.00 360.50 371.32 382.45 393.93
Medicines and Supplements 150.00 154.50 159.14 163.91 168.83
Total Variable Cost 500.00 515.00 530.45 546.36 562.75

Cost of the Produce
Feeds 130,200.00 186,018.00 218,333.22 169,809.78 174,904.07
Medicines and Supplements 55,800.00 79,722.00 93,571.38 72,775.62 74,958.89
Total Cost to produce 186,000.00 265,740.00 311,904.60 242,585.39 249,862.96
- - - - -

Cost per liter 26.82 28.12 18.16 10.81 11.26
Projected Salaries Expense
For the Years Ended
Schedule 3

Laborers in Production 2012 2013 2014 2015 2016

Caretakers 72,000.00 72,000.00 72,000.00 72,000.00 72,000.00
Packer 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00
Total Salaries 96,000.00 96,000.00 96,000.00 96,000.00 96,000.00

Projected Depreciation of Property and Equipment
Schedule 4

Particulars Total Cost Useful Life Depreciation

Farm Infrastructure
Goat Cage 230,240.00 20 11,512.00
Milking Parlor 100,000.00 20 5,000.00
Pasteurization Building 119,132.00 20 5,956.60
Office Building 120,000.00 20 6,000.00
Caretaker's House 20,000.00 20 1,000.00
Goat Bathing Area 20,000.00 20 1,000.00
Fences 20,000.00 5 4,000.00
Deepwell 30,000.00 20 1,500.00
Total 659,372.00

Machinery and Equipment
Pasteurization Machine 80,000.00 15 5,333.33
Chiller 20,000.00 10 2,000.00
Vehicle (Multi-Cab) 100,000.00 8 12,500.00
Wheel Barrow 1,600.00 5 320.00
Shovel 1,050.00 5 210.00
Rubber Hose (sets) 750.00 5 150.00
Rubber Boots (pair) 750.00 5 150.00
Total 204,150.00

Office Furniture and Fixtures/ Office Equipment
Office Table (unit) 3,000.00 10 300.00
Office Chair (unit) 1,500.00 10 150.00
Electric Fan (unit) 1,500.00 5 300.00
Personal Computer (unit) 20,000.00 5 4,000.00
Kitchen Utensils (set) 2,000.00 5 400.00
Milking Kit 1,400.00 4 350.00
Total 28,000.00
Total Property and Equipment 891,522.00 62,131.93

Schedule of Gain in Change in Fair Value and Change in Physical
Schedule 5
2012 2013
Age/ No. of Goat 1-Jan 31-Dec 31-Dec 1-Jan 31-Dec 31-Dec
Acquired Jan. 8 months/ 5 125,000.00 131,250.00 196,875.00 196,875.00 206,718.75 275,625.00
Acquired July 8 months/ 5 125,000.00 131,250.00 144,375.00 144,375.00 151,593.75 220,500.00
Acquired Jan. 8 months/ 6 150,000.00 157,500.00 236,250.00 196,875.00 206,718.75 275,625.00
New Born June 2012 1 month/ 5 12,500.00 13,125.00 52,500.00 42,000.00 44,100.00 132,300.00
New Born Jan 2013 1 month/ 10 26,250.00 27,562.50 275,625.00
New Born July 2013 1 month/ 10 26,250.00 27,562.50 110,250.00
New Born August 2013 1 month/ 4 10,500.00 11,025.00 44,100.00
New Born Jan 2014 1 month/ 6
New Born Sept 2013 1 month/ 8

total 412,500.00 433,125.00 630,000.00 643,125.00 675,281.25 1,334,025.00
Gain on Price Change 20,625.00 32,156.25
Gain on Physical Change 209,375.00 721,743.75

Total Gain on the Price and Physical Change 230,000.00 753,900.00
Schedule of Gain in Change in Fair Value and Change in Physical

2014 2015 2016
1-Jan 31-Dec 31-Dec 1-Jan 31-Dec 31-Dec 1-Jan 31-Dec 31-Dec
- - - - - - - -
220,500.00 231,525.00 303,876.56 - - -
- - - - - -
132,300.00 138,915.00 196,796.25 196,796.25 206,636.06 267,411.38 267,411.38 280,781.94 280,781.94
- - - - - - - - -
88,200.00 92,610.00 277,830.00 277,830.00 291,721.50 413,272.13 413,272.13 433,935.73 561,563.89
33,075.00 34,728.75 104,186.25 104,186.25 109,395.56 154,977.05 154,977.05 162,725.90 210,586.46
16,537.50 17,364.38 173,643.75 173,643.75 182,325.94 273,488.91 273,488.91 287,163.35 382,884.47
22,050.00 23,152.50 92,610.00 81,033.75 85,085.44 255,256.31 255,256.31 268,019.13 379,693.76

512,662.50 538,295.63 1,148,942.81 833,490.00 875,164.50 1,364,405.77 1,364,405.77 1,432,626.05 1,815,510.52
25,633.13 41,674.50 68,220.29
649,234.69 489,241.27 382,884.47

674,867.81 530,915.77 451,104.76
Projected General and Administrative Expenses
For the Years Ended
Schedule 6

Employees 2012 2013 2014 2015 2016
General Manager 9,000.00 9,450.00 9,922.50 10,418.63 10,939.56
Secretary 9,000.00 9,450.00 9,922.50 10,418.63 10,939.56
Accountant 9,000.00 9,450.00 9,922.50 10,418.63 10,939.56
Committees 32,400.00 32,400.00 32,400.00 32,400.00 32,400.00
Board Of Directors 42,250.00 42,250.00 42,250.00 42,250.00 42,250.00
Total General and Administrative Expense 101,650.00 103,000.00 104,417.50 105,905.88 107,468.67
Projected Cash Balance
For the Years Ended
Schedule 7
2012 2013 2014 2015 2016
Cash on Hand 40% 122,121.91 147,786.15 129,126.75 129,358.60 177,699.62
Cash in Bank 60% 183,182.86 221,679.23 193,690.12 194,037.90 266,549.43

Total Cash 305,304.77 369,465.38 322,816.87 323,396.51 444,249.06
Projected Biological Assets
For the Years Ended
Schedule 8
2012 2013 2014 2015 2016

Inventory Beginning - 630,000.00 1,334,025.00 1,148,942.81 1,364,405.77

Add: Additions
- - -
Acquisition 400,000.00 -
Gain in Change of Bio Asset 230,000.00 753,900.00 674,867.81 530,915.77 451,104.76
Total Additions 630,000.00 753,900.00 674,867.81 530,915.77 451,104.76
Total Biological Asset Available for Use 630,000.00 1,383,900.00 2,008,892.81 1,679,858.58 1,815,510.52
Less: Dispositions
-
Sale of Biological Asset - 49,875.00 859,950.00 315,452.81
Ending Inventory 630,000.00 1,334,025.00 1,148,942.81 1,364,405.77 1,815,510.52

Projected Property and Equipment
Schedule 9

Particulars Unit Unit Cost Total Cost

Farm Infrastructure
Goat Cage 32 7,195.00 230,240.00
Milking Parlor 100,000.00
Pasteurization Building 119,132.00
Office Building 120,000.00
Caretaker's House 20,000.00
Goat Bathing Area 20,000.00
Fences 20,000.00
Deepwell 30,000.00
Total 659,372.00

Machinery and Equipment
Pasteurization Machine 1 80,000.00
Chiller 1 20,000.00
Vehicle (Multi-Cab) 1 100,000.00
Wheel Barrow 2 800.00 1,600.00
Shovel 3 350.00 1,050.00
Rubber Hose (sets) 5 150.00 750.00
Rubber Boots (pair) 3 250.00 750.00
Total 204,150.00
-
Office Furniture and Fixtures/ Office Equipment -
Office Table (unit) 3 1,000.00 3,000.00
Office Chair (unit) 6 250.00 1,500.00
Electric Fan (unit) 2 750.00 1,500.00
Personal Computer (unit) 1 20,000.00 20,000.00
Kitchen Utensils (set) 1 2,000.00 2,000.00
Milking Kit 2 700.00 1,400.00
Total 28,000.00
www.themegallery.com Company
Name
Total Property and Equipment 891,522.00

Projected Property and Equipment
Schedule 10
No. of Shares Par Value Total Cost
Authorized Share capital 26,000.00 50.00 1,300,000.00
Less: Unissued Shares 6,000.00 50.00 300,000.00
Issued Shares 20,000.00 50.00 1,000,000.00
Financial Analysis
For the Years Ended

2012 2013 2014 2015 2016

Solvency and Liquidity Ratios

Current ratio 13.49 14.37 9.29 7.89 10.85
Acid-test Ratio 13.49 14.37 9.29 7.89 10.85
Cash Flow Liquidity ratio -376.3% 310.1% 5248.5% 4338.2% 2573.4%

Profitability Ratios

Gross Profit Margin 55% 54% 61% 45% 39%
Operating Profit Margin -39% -21% 26% 19% 6%
Net Profit Margin 13% 103% 95% 93% 89%
Cash Flow Margin -18% 11% 110% 86% 65%
ROA 3% 34% 59% 54% 30%
ROE 6% 52% 68% 55% 31%

Activity Ratios

Assets Turnover 0.26 0.33 0.62 0.58 0.34

Leverage

Debt Ratio 40.9% 29.4% 1.2% 1.0% 0.8%
Equity Ratio
Company Name
59.1% 70.6% 98.8% 99.0% 99.2%
Debt to Equity Ratio 69.3% 41.6% 1.2% 1.0% 0.8%
Sensitivity Analysis
For the Years Ended

2012 2013 2014 2015 2016

Contribution Margin Per Egg 27.33 29.72 44.25 52.91 59.41

Break- Even Point 8,786 8,080 5,427 4,538 4,042

Return on Investment (based on Average

Net Income) 0.78

Payback Period (years) 1.28

Horizontal Analysis
Comprehensive Income Statement

2013 2014 2015 2016
Sales (Schedule 1) 50.6% 138.6% 24.5% -21.3%

Cost of Sales 53.9% 99.8% 78.5% -12.9%
Gross Surplus 47.9% 171.9% -9.6% -31.8%

Less: Operating Expenses
Rent Expense 0.0% 0.0% 0.0% 0.0%
Utilities Expense 5.0% 5.0% 5.0% 5.0%

Packaging Expense 36.3% 81.7% 30.7% -1.2%
Feeds (Schedule 2) 42.9% 17.4% -22.2% 3.0%
Salaries Expense (Schedule 3) 0.0% 0.0% 0.0% 0.0%

Depreciation Expense (Schedule 4) 0.0% 0.0% 0.0% 0.0%
Total Operating Expense 19.8% 12.0% -10.0% 1.6%
Operating Surplus -19.6% -401.9% -9.1% -75.7%

Add: Gain from FV of Bio Assets (Schedule 5) 227.8% -10.5% -21.3% -15.0%
Gain From Inventory Produce 53.9% 99.8% 78.5% -12.9%

Interest Income 0.0% 0.0% 171.4% 26.3%
Total Surplus 259.4% 92.1% 21.3% -23.2%
Less: Promotional Expense 0.0% 0.0% 0.0% 0.0%

General and Administrative Expense (Schedule 6) 1.3% 1.4% 1.4% 1.5%
Interest Expense 0.0% -100.0% 0.0%
Selling Expense 50.6% 138.6% 24.5% -21.3%
Total Other Expenses Company
Name 6.6% 3.6% 9.9% -8.5%
Net Surplus 1095.6% 118.1% 22.8% -25.1%

Horizontal Analysis
Comprehensive Financial Position

2013 2014 2015 2016
Current Assets
Cash (Schedule 7) 21.0% -12.6% 0.2% 37.4%
Total Current Assets 21.0% -12.6% 0.2% 37.4%

Non- Current Assets
Biological Assets(schedule 8) 111.8% -13.9% 18.8% 33.1%
Property and Equipment(Schedule 9) -7.5% -8.1% -8.8% -9.7%
Long Term-Investment 0.0% 0.0% 171.4% 26.3%
Total Non- Current Assets 44.0% 21.5% 53.0% 22.8%

TOTAL ASSETS 40.0% 16.4% 47.1% 23.9%

Liabilities and Member's Equity
Liabilities
Current Liabilities
Rent Payable 0.0% 0.0% 0.0% 0.0%
Utilities Payable 5.0% 5.0% 5.0% 5.0%
Packaging Payable 36.3% 81.7% 30.7% -1.2%
General Administrative Expense 1.3% 1.4% 1.4% 1.5%
Total Current Liabilities 13.6% 35.1% 18.0% -0.1%

Non- Current Liabilities
Loans Payable 0.0% -100.0% 0.0%
Total Non- Current Liabilities 0.0% -100.0% 0.0%

Total Liabilities 0.4% -95.2% 18.0%

Member's Equity
Share Capital (Schedule 10) 20.0% 0.0% 0.0% 0.0%
General Reserve Fund(50%) 1195.6% 201.3% 82.1% 33.8%
CETF Fund(10%) 1195.6% 201.3% 82.1% 33.8%
Optional Fund(7%) 1195.6% 201.3% 82.1% 33.8%
Community Development Fund(3%) 1195.6% 201.3% 82.1% 33.8%
Total Member's Equity 67.5% 62.9% 47.4% 24.1%


TOTAL LIABILITIES AND MEMBER'S EQUITY 40.0% 16.4% 47.1% 23.9%

VII. FINANCIAL
STATEMENT ANALYSIS

VIII. IMPACT OF THE
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decreases
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to
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the
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and
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Environment balanced
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balancedbiodiversity.
biodiversity.
biodiversity.
biodiversity.

IX. CONCLUSION
The researchers found out that milk products are feasible and
marketable and the cooperative can earn huge amount of
MARKETING money from this business. Although the price of goat’s milk is
ASPECT a little higher compared to cow and carabao’s milk, part of
marketing strategy is to emphasize the edge of goat’s milk
over the other in terms of its nutritional value.
Operating a dairy goat farm requires hands-on management

because of the nature of the produce that is perishable.
TECHNICAL Also, the researchers found out that at the starting point of
ASPECT operation, there are lots of difficulties considering various
factors such as knowledge in raising dairy goats, prices of
animals, facilities, tools and equipment. However, after
several years of operation these impediments will be
compensated by the rapid return on investment.

IX. CONCLUSION
The researchers believe that the hiring and compensating policies
and process of cooperative are effective. Also, having an
MANAGEMENT organizational structure helps in having harmonious working
ASPECT relationships between the management, committees and the
members of the cooperative. In addition to that, the cooperative has
a potential to attract more members because of its earning capacity.
Results of operations exemplify positive outcomes through its yearly

income, rendering a reasonable percentage of cash made available
FINANCIAL for financial investments. Based on the results of projected financial
ASPECT statements, the researchers can safely conclude that establishing a
dairy goat farm with regards to financial matters is feasible.
Certainly, the locals of the Barangay Meysulao would obtain

SOCIO- privileges and numerous advantages through partaking in such
ECONOMIC proposed development. Although only the community is the visible
beneficiaries, the external environment has also gained from the
ASPECT dairy goat farm project.
X. RECOMMENDATIONS
The main objective of this feasibility study is to

present another source of income for less
fortunate citizens within the community, hence,
the researchers highly recommend the
implementation of this proposed dairy goat
farm. The benefits that would derive are the
livelihood for people that would be offered, the
long-run effect to the lives of many, for the
community, society, environment, and of the
whole country.

I. Title: "A Study On The Feasibility of Establishing A Dairy Goat Farm in Barangay Meysulao, Calumpit, Bulacan"

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I. Title: "A Study On The Feasibility of Establishing A Dairy Goat Farm in Barangay Meysulao, Calumpit, Bulacan"

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I.

“A STUDY ON THE FEASIBILITY

After pasteurization it will be put in a

Milk (in thousand Liters) 180

2002 101.00 120

Figure 9: Supply of Goat Milk (in

Sagoat sa Kahirapan Cooperative

2002 116.10 150

2004 112.86 100

Figure 10: Demand of Goat Milk (in

Sagoat sa Kahirapan Cooperative

2012 469.50 400

2013 503.88 300

2014 538.27 200

2012 2013 2014 2015 2016

Figure 11: Projected Demand of

2012 2013 2014 2015 2016

Figure 12: Projected Supply of Goat

2012 2013 2014 2015 2016

Sagoat sa Kahirapan Cooperative

Sagoat sa Kahirapan Cooperative

Projected Income Statement

For the Years Ended

2012 2013 2014 2015 2016

Sales (Schedule 1) 461,111 694,425 1,656,918 2,062,660 1,622,701

Cost of Sales 208,436.45 320,728.75 640,840.92 1,144,083.82 996,024.95

Gross Surplus 252,674.55 373,696.25 1,016,076.63 918,575.78 626,676.13

Less: Operating Expenses

Rent Expense 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00

Utilities Expense 25,000.00 26,250.00 27,562.50 28,940.63 30,387.66

Packaging Expense 13,174.60 17,955.00 32,631.93 42,640.56 42,148.08

Feeds (Schedule 2) 186,000.00 265,740.00 311,904.60 242,585.39 249,862.96

Salaries Expense (Schedule 3) 96,000.00 96,000.00 96,000.00 96,000.00 96,000.00

Depreciation Expense (Schedule 4) 62,131.93 62,131.93 62,131.93 62,131.93 62,131.93

Total Operating Expense 432,306.53 518,076.93 580,230.96 522,298.51 530,530.63

Operating Surplus (179,631.98) (144,380.68) 435,845.66 396,277.27 96,145.51

Gain From Inventory Produce 208,436.45 320,728.75 640,840.92 1,144,083.82 996,024.95

Interest Income - - 35,000.00 95,000.00 120,000.00

Total Surplus 258,804.47 930,248.07 1,786,554.40 2,166,276.85 1,663,275.21

Less: Promotional Expense 32,000.00 32,000.00 32,000.00 32,000.00 32,000.00

Interest Expense 42,000.00 42,000.00 - - -

Selling Expense 23,055.55 34,721.25 82,845.88 103,132.98 81,135.05

Total Other Expenses 198,705.55 211,721.25 219,263.38 241,038.86 220,603.72

www.themegallery.com Company Name

Projected Balance Sheet

For the Years Ended

2012 2013 2014 2015 2016

Cash (Schedule 7) 305,304.77 369,465.38 322,816.87 323,396.51 444,249.06

Total Current Assets 305,304.77 369,465.38 322,816.87 323,396.51 444,249.06

Non- Current Assets

Biological Assets(schedule 8) 630,000.00 1,334,025.00 1,148,942.81 1,364,405.77 1,815,510.52

Property and Equipment(Schedule 9) 829,390.07 767,258.13 705,126.20 642,994.27 580,862.33

Long Term-Investment 700,000.00 1,900,000.00 2,400,000.00

Total Non- Current Assets 1,459,390.07 2,101,283.13 2,554,069.01 3,907,400.03 4,796,372.86

TOTAL ASSETS 1,764,694.84 2,470,748.51 2,876,885.89 4,230,796.54 5,240,621.91

Liabilities and Member's Equity

Rent Payable 4,166.67 4,166.67 4,166.67 4,166.67 4,166.67

Utilities Payable 2,083.33 2,187.50 2,296.88 2,411.72 2,532.30

Packaging Payable 7,904.76 10,773.00 19,579.16 25,584.34 25,288.85

General Administrative Expense 8,470.83 8,583.33 8,701.46 8,825.49 8,955.72

Total Current Liabilities 22,625.59 25,710.50 34,744.16 # 40,988.21 40,943.54

Non- Current Liabilities