How much MONEY did our FARM make in 2023?
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- Опубликовано: 17 дек 2023
- GREAT NEWS! Both the PAPERBACK and the HARDCOVER editions of Toby Dog of Gold Shaw Farm are now available on Amazon: bit.ly/TobyBookAz
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Gold Shaw Farm
PO Box 225
Peacham, VT 05862
About Gold Shaw Farm: Gold Shaw Farm is more of a farm-in-progress than an honest-to-goodness farm. Our dream is that someday, we can transform our 150+ acre parcel of land into a regenerative and productive homestead and farm. 
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... Anyone who's being hyper critical of what is and isn't working at Goldshaw is missing the point; with Morgan's professional history, he could have made this into a paid course or otherwise monetized the information he provides yearly for free, but he hasn't. He's just being transparent about what is or isn't happening on his farm, which is incredible data to reflect on if you're going to attempt something identical (social media/local brand development + small farming operation).
I have never been on a farm in my life. I’m so invested in his video because of his content & the way he markets. Never thought of it like that until now.
Concerning the crows...have you tried placing fake eggs out in the open. If they get fake eggs enough times, they may leave them alone. ❤ Love watching your videos.
Morgan has great videos. I can get lost for a while before cleaning chicken coops or the goat barn..lol I am more loving towards my chickens but he has come around more,
Agreed!! Thank you Morgan for providing info for free, as a fellow small scale, multidimensional farmer!! 🙏
I've been watching these yearly updates since the beginning. Its one of my favorite videos of the year because i love seeing the growth each year. Excited to see this years growth
Wow, thank you!
"My lawyer and accountant want me to tell you" ...that line always cracks me up.😂
Morgan I love the fact that you're using as much of the ""byproduct" from your animals as possible. The feathers and soap may not be huge money earners, but every little bit helps and less of the animal gets wasted.
EDIT: trading pork for salsa and beer sounds like an awesome trade to me!!!
Trading pork for salsa and beer in theory sounds like a good idea, if you hit the upper limit on pork. Which I have never personally done. ;)
Thinking about your reasoning around the Ducks and chickens, they are a huge part of keeping a healthy ecosystem for the other animals on the farm. The ducks are keeping the flea and tick population down which is an added bonus for the other animals, especially Abby and Toby, although Toby did get bit, you can imagine how much more often he would if the ducks weren't around to keep that population down. And of course, the chickens following the cattle keep down bugs and do other activities to help the land. In that way, their profit to the farm isn't tangible in dollars and sense but highly important to the farm's ecosystem, as the bees help with pollination to keep healthy gardens. Maybe another video discussing those aspects of the animals on the farm would be nice to follow up with. :).
A suggestion to help your profit margins: my best muscovy moms have a 99% success rate at hatching out eggs. They are broody super moms and could serve you well in increasing your goose hatching rate. My best muscovy was ready to fight a hawk to defend her babies (she hatched 17 in one clutch).
I think the most important lesson people should take away here is that, if you are a small farmer or homesteading or "farm-steading", is that you absolutely need to be diversified in your operations. You also need to do low profit margin things because they allow you to do (or make it easier) high margin things. Finally, you need to have a healthy mix of long-term product lines as well as short ones to help with cash flow until the long ones kick in.
It also helps to be internet famous. I wonder how many people have driven for hours to visit the farm to pick-up meat? That just wouldn't happen with an ordinary farmer.
35:12 He answered your question right here.
It makes sense to stick with the pigs, since you can keep your feed costs so low, which surprised me when you earlier in the year said you weren't planning on continuing the experiment, given not only the direct monetary and meat benefit, but also their use in expanding the land.
Yeah, I called bullshit in my head every time Morgan tried to say the pigs were a one year only experiment. He made such a good business case at the beginning and all the downsides he mentioned were learning curve issues, like the water problems and training them to the wire. But then the clincher was Alison really loving the pigs.
@@MrThedrachen Yeah, he seemed to complain about the trouble dealing with them, but honestly, they seemed to be about the lowest maintenance creature on the farm. Just make sure they're fed and watered, like everything else, and they were happy to do pig things the rest of the time.
Well the piggies turn out to be pretty economical. It bids fair to be a hog heaven.
I think he just honestly didn’t enjoy raising them that much, and as a one-man operation farmer, that’s fair. But the overall profit vs cost in effort as well as operational cost, PLUS the benefit involved with Alison really liking them (happy wife happy life 😂) and the work they did clearing land for them… it changed the picture for him. I think he was serious in saying he wasn’t going to do them again, but just seeing the overall picture at the end simply changed his mind.
@@MrThedrachenu people do realize that the free brewer grains is not sustainable if it scales up, especially when he only has 3 pigs?
Morgan, you are a true business man! And no doubt you would also make a great teacher!😊
I appreciate that! Thank you
I love the way you track everything. I’m a retired office worker and I still, 12 years after retiring, track my financial life on spreadsheets. 😂 Good job Morgan!
I've been here since ALMOST the begining. It is incredible seeing how far has it come. Not only that but also my granpa died 3 years ago, and recently my father passed away too. They took care of the family land here in spain. And since my father's farewell I've jumped in to take care of the land. Seeing all the info that you give us for free and how excited you are it only gets me intoxicated in this farming joy. One of the few things I remember from my childhood with love is being in the land taking care of the animals and the crops with my granpa and father.
I am now with a full time remote job and organizing the land. Hope I can get in time for february to get some potatoes of the land and getting my first chickens.
Thanks for the videos, thanks for the info, and thanks for sharing all the joy and struggle with us. It really inspires me.
same, it's taught me so much - there's a local kids petting zoo nearby and I took my mother (adults need to hang out with animals too, obvz) and got to explain what chicken saddles were for 😂
It is great to know your cattle are grass fed and grass finished. Others claim grass fed then feed them heavy on corn and grains to fatten them before butchering.
The cattle investment against the other profit would be devastating- I’m glad you’ve found ways to balance everything
I look forward to hearing the annual report every year. I actually remembered from last year that the total was just over $18,000, and I also deduced that the overall total this year was going to be less without beef to sell. I think I expected the final figure to be around $16,000 this year as a consequence.
I'm pleased to see that you did better than my guess. Fingers crossed that next year sees an uptick in profitability. To be honest, I'd be more surprised if there wasn't.
Thanks for entertaining us all year long. Have a very Merry Christmas and a Happy New Year in advance. 😊😊❤❤❤❤😊😊.
Good info. Something that hadn't occurred to me on the content side of things is that farm animals can now technically have a 'value' placed on them that is beyond the usual meat or offspring potential. Traditionally, a duck is only ever going to fetch a finite dollar amount bringing it to market but now with social media, that duck can be bringing in money in perpetuity.
I bet you have the BEST spreadsheets! Can't wait to see what 2024 has in store! :)
Morgan, I love your videos. You started your videos as a marketing tool, not educational. Of course with your reach you are responsible for being transparent and honest, which you are beyond what i even expect, but you’re doing awesome content. Been following for years.
I don't think the income disclosure is mandatory is it? I wouldn't do it myself, but Morgan feels it's right for him.
@@gracedawn No, it’s definitely not mandatory. I think it’s along the same lines as him doing the monthly farm meetings. It helps people feel connected to his farming adventures. Plus people obviously love them, and lastly, I think Morgan is a natural educator at heart.
You inspired me to raise ducks, my duck eggs turned into an educational business on the goodness of all natural eggs ( duck, chicken and turkey eggs!) So thank you.
Good morning, Morgan. What a great way to start my day, with the birds and the dogs and the cats and you.
Good morning!
Morgan, thank you for being so transparent in regard to your farm and how it is going. You ae very correct it is not our business as to how much money you make from social media sites as that is between you and them not us viewers. We, viewers, are just appreciative that you have welcomed us to your life, farm and business. Just know you and your farm and animals are a nice thing to have in our lives.
I like the transparency of this guy. No bullcrap.
It’s helpful to future farmers to show how the farm business profit. I and my granddaughters love watching you feed the animals and their stories.
Your stick is entertainment and the vehicle for attention is farming. One could say the best of all worlds. Pure farming using your methodology would pure poverty. Great job and you should be congratulated on the structure you have created!
Bartering with neighbors is a value and a bond far beyond what a spreadsheet can hold! Bartering neighbors are a blessing!
Thanks for the run down, Morgan! Always interesting to see the finances of the farm!
Some people might say that "Hey, he's not earning much on the farm so it's no reason to keep it up." To those I say, I learned one thing when I started working: It's a lot easier to do work that you love for less pay than work you hate for more pay. Besides, you have a lovely farm, a large house, land to trek should you so choose and you're doing what you love!
Merry Christmas to you, Allison, the barn cats, Toby- and AbbyDogg, chickens, ducks, geese and the cattle from Norway!
The cat slow-mo shots while you dove into the complexity was a nice touch. Everyone loves seeing cute cats
As always, one of the best videos on your channel. Appreciate the transparency AND the disclaimers and glad you make enough and find enough fulfillment to keep going. Here's to another good year. :)
😂lawyer disclaimers were hilarious
I never thought I'd say this as a muslim, but I am so glad to hear the pigs are (99%) coming back to the farm! What most fascinated me was how they legit broke down wooded areas to offer critical expansion in your lower pasture. That added space is perfect wiggle room for so many other additions to help your farm practical and pretty. Don't underestimate that pigly wiggly power!
It's really quite interesting to learn from channels like Morgan's how animals affect the landscape.
As a city dweller, it's fascinating to see how they have just as much effect on their locales as humans do, but of course in a different way.
Oddly considering my weak background in mathematics, statistics and economics, I do like watching these explanatory videos almost as much as watching the animals on the farm eat, roam and move in their environments.Morgan Gold would have made an excellent professor, maybe I actually could have gotten a passing grade in my stat analysis class.
I think a smart thing to do would be to classify the ducks and weird chickens as "content animals" and account for them as being a loss lead on your overall business. Like how casinos give free alcohol to gamblers. The ducks bring in viewers to the channel which eventually converts a few of those into buying goose meat.
Lil barn cat has quite the primordial pouch happening.
OMG, I can't believe it's been 6 years! Fastest 6 years of my life.
I love the weird chickens and those silly ducks. The ducks standing up straight and waddling around just make me grin
Thank you for your transparency
Can confirm, would riot if ducks or weird chickens were gone.
Once you get into that sweet spot of cattle it will be so nice.
Pig lard soap is GREAT for people with eczema.
This definitely helps me see what I can do in the next few years when I get my first beef cows and sheep and maybe turkeys if my mom doesn't talk me out of it lol
Thanks Morgan, for showing me and everyone seeing these videos we can do this too!
Much love from Texas.
This is what I like about you Morgan.. You have a handle on cost & profit. If it doesnt work you cut losses to something reasonable for your farm..⭐️ Congratulations on your profitable year.
You should feel great.
✨️🙋🏼♀️🐈🐕
I did not know you were "selling trees." I'd love to hear more about that! Very happy you're planting Chestnut trees. I borrowed a library book that explains how they once covered the Appalachian mountain range before a fungus took out almost all of them. I have wondered if they would grow here in Colorado at 7500'. They are big spreading gorgeous trees if you have the time to wait for them to get big.
I doubt it. You could probably grow goji berries. If you are in a sunny area you could have a greenhouse and grow exotic stuff.
Thanks, but I need shade trees. Wildfire. Intense Colorado sun and wind. Need trees for shelter. Not looking for money makers. .@@danielnaberhaus5337
My parents live in Battlement Mesa and my mother could not get an oak tree to grow past 4’. As a joke, I sent her a box of acorns from Virginia because she was complaining about the lack of shade trees.
I have a couple red oak seedlings that I moved to the east side of the house after they nearly died in just 24 hours on the south side. They just can't deal with the wind and sun, even when well watered. I feel for your Mom. She did well to get them to 4 feet. When a plant is considered invasive elsewhere, I know it's something that might survive here. Except Canada Thistle; that sucker would survive Mars.@@ChanceNP
❤ Wunderbar, Morgan! Keep moving upward and onward. ❤
Streamlining to get away from ducks is probably a good idea. Doing pork most years is also probably a good idea. Adding seasonal turkeys might be a good idea, but it might not. Really, concentrating on fewer higher profit animals or products is going to lead to long term success.
Excellent video! I'm not someone who picks over the numbers but I do appreciate the break down for a picture of the value you can get from farming.
On the value added side of things, with your new barn it may work out to set up your soap factory in the barn instead of having to sacrifice the kitchen for it (though probably would have to give over a season's profits from the soap for a second set of equipment for it all, so may not be worth it).
@seanboyd2898 - The expense should be relatively minor. All Morgan needs is a propane burner on which to heat and mix the rendered beef/pork fat and a table on which to ladle (pouring makes a big mess; use ladle or measuring cup). Cannot recall whether there is a sink in the barn, but a portable metal table with a sink is easy to find. Both the propane burner and the metal table with sink can be purchased second hand.
Thanks for sharing Morgan! Always appreciate you sharing your farm and all its inhabitants to the rest of us! 🙏
I really enjoyed the pigs on the farm, and I'm sure the brewery appreciates having a customer for the spent grains.
LOVED the Lil close up shot! Also as someone who was voting in livestreams to keep the weird chickens; thank you so much for keeping The Quaken Morgan . My cat Bella loves sitting on my lap and watching the birds (moments of zen or pure chaos). It brings me so much joy to see her look at me and give me weird looks
Good for you Morgan! This was very informative and helpful to learn about. I think everyone should appreciate the fact that you were even willing to disclose your finances related to the farm businesses you have going on. Love your videos!
I watched a video of the great North American chestnut blight. We definitely need more trees.
Thank you for this and all your hard work trying to share everything! I appreciate your content and it brings me joy during my work day!
Good Morning Morgan, have a great week!..
You too!!
Amazing insightful video. Cheers to another great year on the farm for you guys
Thanks, you too!
I still think it's great that you can make a living doing the things you like to do. So good for you! My all your endeavors remain prosperous!
The weird chickens doesn't generate cash flow to speak of but they sure are a great addition to the farm 👍😁
Really happy for you and your farm. Thank you for sharing.
Considering GSF just told us that the New Barn Costs was $200K+, the Media and Other Money Must be in the Six Figure Range Annually because based on the Farm Profits only bring in the High Teens, it’s going to take over Two Decades to pay for that New Barn.
You forget that GSF doesn't believe in debt. That barn was paid for as different parts were finished.
@@SharonRepici Then You’re Proving My Point! Morgan Has Never Revealed the Media, Endorsements or Other Incomes in the Past Years Just the Income Derived from the Farm only. So GSF must have been earning Mid to High Five-Figure Incomes from the Media Etc. in the past years to Afford the Construction of the New Barn like You pointed out Without the use of Debt.
@@PHN-2024Why do you capitalise random words?
Thanks for such an interesting look at how things work financially with the farm, Morgan.
It's great to see that, although you're not getting rich on it, the farming work you do IS making a profit. Add to this the fact that you're giving a good life to so many animals (I love your 'one bad day' policy) and it seems to me that you are making a good living out of something worthwhile.
PS: Lil Barn Cat is a proper cutie!
Really enjoy these end of the year numbers, and this year was still a nice profit. You put a lot of work into this Morgan and it shows. I hope you continue to grow which I'm sure you will. Thanks for taking us along, see you soon!
Ooo lil farm cat is so cute! Interesting to hear the financial information but I admit I don’t understand most of it!
ohh lil barn cat.. so sweet
Excellent overview! Thank you!
Heres the deal Morgan your videos and explanations, stories are always so smooth and clear. Not everyone has that ability
I think that this was a fair assessment for the year. Good job.
I thought since you had a chart of P&L categories, I could provide a chart of my favorite episode categories.
1 - Any episode focusing on your dogs and cats. (I'll probably never meet any of them, but I still wish to make friends with them and issue the big scratches and belly rubs.)
2 - Your standard video on chores, your life, the life of your various animals, farm facilities, land discoveries (little things like the marshy area and the capped well), etc.
3 - The recent near zero speaking episodes focusing on cinematography and atmosphere of the day, your activities, and your animals.
4 - My buddy Alfred, a genius in blue jeans. These episodes are fun.
The episodes I like the least are:
1 - Serious conflicts. Example: The battle between you, the hunters, their hounds, and their trespassing on your land; the battle between you and Abby's breeder. These things outrage me on your behalf and send my blood pressure into the stratosphere. I realize you have to make these videos in your defense, and I voted up on all of them to have your back, but I'll never watch them again.
2 - Climate Change: I'm well aware of the situation and it's future is looking mighty gloomy, which depresses me. I vote up on all of them to show support because you're right, but I didn't enjoy them.
3 - Financial videos. I feel you don't need to tell me these things, or justify any of it, although I realize many others are probably interested.
I am also excited to see the before and after of the areas the Pigs took back for you.
29:46 LOL "I doo doo" 🤣 Seriously though, thanks for the in-depth breakdown.
Yes we are so excited for next season. Congratulations with the earnings!
Gold Shaw Farm we support your goals and will be glad for you all to achieve them.
Have a Happy and Fruitful New Year. Happy Holidays to everyone.
Thank you for offering this private information.
Thanks for being so open and sharing all that with us. We really do feel (not accurately, since you do all the work! 😛) like we have a stake in your farm! 🤣 But I think you have every reason to be proud of your growth and farm management! Congratulations, Happy Holidays, and best wishes for the future!
This is always so interesting! It was good to know everything about the pigs, I'm glad that you might get more pigs next year! I would love to see you make more soap again, you could make another video about that. Thanks for being honest about everything.
Awesome dude. Youre all set with youtube revenue and your farm will keep making more each year im sure
I don't need you to grow every year, at least monetarily. You just growing as a person, or learning/perfecting a skill is enough for me.
Thank you, dude!
Your numbers are very clear, very precise, and very easy to understand.
I really appreciate this kind of info.
Thank you for the breakdown … it was informative and appreciate your transparency. I’m glad this next career move in your life, has allowed you to maintain the lifestyle you’ve become accustomed to. You may not generate as much money in the same way as when you were in management … but it seems like you’re happier (sans the antagonistic entitled hunters), on the farm.
I hope that 2024 is more profitable and that you are able to learn even more combined with a sustainable growth.
Merry Christmas and have a Happy New Year to you and your’s! 🙏🙌❤️🇨🇦💝☃️❄️🎼
I've always wanted your opinion on how much money you think you save from having barn cats for pest removal? versus if you had to hire and buy traps to remove rats, mice and other pests?
Such a great and informative video, really gives perspective, thanks
Hello, I am surprised that you didn't sell goose fat. Here in the Balkans, goose fat is a very expensive and people can't produce enough. I have few goose and ducks and chickens, just to enjoy in them. Still, the eggs, meat are healthy, so I profit joy 😊
What is the goose fat used for?
@@barbarabigelow9110cooking! They're excellent for roast potatoes
@@barbarabigelow9110 mostly helps to lung problems, bronchitis, against coffing. helps to breathing, cleaning the breathing ways. Foremost for children and grownups too.
@@jesm9776 yes , it is good for cooking too.
@@barbarabigelow9110 here it is like medicin for the human airways. From cleaning the nose, lungs bronchitis. Only the goose fat, melted in low heat, just to be light yellow coloured.
I greatly appreciate this break down because it gives a map to doing my own with my numbers great format and explanation… Most needed In the farm community
Always interesting to see the profit for the year. You are a brave man and I thank you.
LOVE your yellow kitchen doors!
Hi, wanna say thank you for putting this out here.
Everything is cool Morgan, Life is good when you can do what you "like" doing. Hope you make a ton of money...
I love to see the growth of the farm every year, thanks for this Morgan. Rooting for you to only get bigger and better every year. I can't wait for the new round of soap, and hope you make the peppermint scented Ginny Barn Cat again, I love it so much!!!! I will buy multiple bars this year as I've been using it sparingly to make it last and it's thinner than a dime now. 😂😍😍💖💖💖
Love your videos man!!!!! Keep it up we appreciate it!
Farming is a constant flow. Raising birds, are a pleasure to yourself, and you can't put a price on it...Same with joy, you can't put a price on it. There's a floating process between your profits and your farming. Don't take the joy and pleasure out of it. Farming is a work-in- progress. Your monies will be a work-in-progress. Don't over do your numbers to preform your farm. Leave it like it is, animals first, then numbers.
If the competition for Chestnut Trees get too much and the business becomes unsustainable you should just do what the Amazon Dropshipper guys do and sell a course. "How i made millions planting chestnut trees (NOT A SCAM)" 🤣🤣
I think it's criminal how quality food production have such tight margins while people get ripped off more and more for everything else.
Thank you so much for sharing, it is helpful to see other people's processes.
Low key a video i look forward to every year! So fascinating to me
a profit per unit column would be great so we can easily see which items are the most profitable without having to pull out our calculator. i love that u do this. i find technical stuff interesting.
Hi Morgan, With the cow business in particular. It may be helpful to show a balance sheet and not just the P&L since it is a multi-year cycle business. That way you can show assets/cow value yet to be realized.
Thanks for sharing Morgan.
I like the slow motion & financial aspects & I love the weird chickens plus the beautiful dogs.
I thought your vet bill would be higher given that it’s getting more difficult to secure veterinary services in your area.
I completely agree!!! Keep the ducks and the weird chickens is a must!!! 😂❤
Thanks for sharing, Morgan.
Do you estimate the maximum poultry and livestock you can raise given your land area, while sustainably maintaining soil health?
Roughly, yes. For the cattle, my estimate would say 35 with current pasture configurations. It could go higher if I had for forest converted to pasture chickens is a more complicated number. For meat birds, it’s virtually infinite. Land is not the constraint. Labor time and available market would be the constraints there.
I’d love to learn how you do some of those calculations and planning. More (and/or a refresher )on the sustainability/ ecosystem / systems thinking would be fascinating and think on the “vision casting” side of your growth! Thanks for all you do and happy holidays!
Morgan, please keep the Quaken.
As another small farm I really appreciate the data you provided. We removed chickens from the "business" side of the farm a couple years ago and now just have our hobby chickens because they weren't profitable. I always wondered how your ducks would be profitable and it was really nice to see the numbers. Your video has also helped in our decisions as to whether or not to dive into cattle. Thanks again for another great video!
I was hoping to buy your soap back in January, but the website stated that shipping was $56. When I later checked the site, the soap was sold out. I hope it is easier to purchase next year.
Great planning and growth! Right on target!
Now we need the stats for the professional pest control team! Go Peacham Barn Cats!