Goat raising offers a good source of income among rural enterprisers. The following cost and return analyses from goat production of 10- and 25-doe levels under semi-intensive system, and for 50- and 100-doe levels under pure confinement system indicate profitability (Tables 18-22). The technical and financial assumptions were based on industry standard and from long years of experience in goat raising of the Small Ruminant Center of the Central Luzon State University.

Positive net income and return on investment (ROI) are realized for 25-, 50- and 100- doe levels even at the first year of operation but not for 10- doe levels. The lower investment cost, except for the stocks, and better utilization of labor in the 25-doe level operation account for the highest computed ROI. ROI for five-year operation is about 67% for 25-doe level and 60% for 50 - and 100 - doe levels. However, there is a negative net income and ROI during the first-year operation of the 10-doe level. Nonetheless, positive net income and ROI could be realized starting from the second year of operation. In five years, ROI for 10- doe level is about 50%. Thus, goat raising is highly profitable.