Oh, you might figure some of ’em out by yourself. No matter how hard you try, you just can’t do a magic trick unless someone else shows you how it’s done. It’s like the magician who won’t explain any of his secrets. “Successful farmers just don’t want to talk about the business. Why such secrecy? Leonard now believes he knows the answer. I even looked for printed material about the subject, but there simply wasn’t any available.” Oh, I talked with other farmers all right, but they made frog breeding sound like the worst occupation in the world and wouldn’t give me any help. “I tried to raise frogs when I was 18 years old, but - back then - I didn’t know how to keep enough of each hatch alive all the way up to salable size to make it worthwhile. If frog farming is so profitable, then, why aren’t more people doing it? “This is a secretive business,” Mr. That’s $750 in addition to the estimated $1,500 to $2,000 of monthly income that Leonard now makes raising his giant croakers! Frog Farming: A Secret Industry Slabaugh, there are even scientists at NASA (the space agency) who want to launch some of his frogs into orbit! They’ll pay him $25 each - for 30 of his best stock a month - until the contract ends in 1982. Why, the market is growing continuously all the time.”Īs I soon learned from Mr. High schools and colleges need bullfrogs for their biology classes, and laboratories use ’em for medical experiments. People come by here and pick’em up by the buckets full. Big restaurants want ’em shipped out on ice. “I sell all that I can produce and still have people backed up on waiting lists: Supermarket chains and wholesale outlets buy ’em in enormous quantities. it always has been,” Leonard Slabaugh continued. Although their natural habitat centers around the woodland lakes and ponds of the eastern and southern U.S., these profitable amphibians have been known to thrive in cultivated waters as far west as the Pacific coast and as far north as southern Canada. True bullfrogs (Rana catesbiana) - the webfooted livestock that Slabaugh specializes in - are not difficult to identify since they’re the largest frog native to the continental United States. Then, half a minute later, pairs of marble-sized eyes began peeping above the surface of the pond like submarine periscopes searching for the enemy. Come on out to the breeder pond and I’ll tell you all about it.” Frogs Plop, Plop, PlopĪs we walked up to the mini-lake, I saw hundreds of startled giant bullfrogs jump into the water. “Yep, you can make big money with these little rascals. and I realize anywhere from $2.50 a pound to $25 per frog!” Leonard Slabaugh - against a background of grunts and croaks - was telling me his success story with as much enthusiasm as a gold prospector who’s suddenly struck it rich. “Why, I can harvest 6,000 frogs a year on this two-acre farm. and requires only one hour of his time each day! For Leonard swears that his highly unusual crop - Live Bullfrogs - returns a full $10,000 profit. Then there’s Leonard Slabaugh, a Missouri farmer with a completely different approach. and around $175 with an acre of soybeans. approximately $160 from the same amount of corn. Most business-minded farmers can figure on making about $69 gross income on an acre of wheat. In order to qualify for the PPP loan amount received, The Frog Pond, LLC's 2019 payroll expenses are estimated to be at least $79,910.Is frog farming profitable? If you are wondering how to raise bullfrogs, read on to learn more about this low-maintenance livestock. Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received.
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