OL: What are your biggest expenses?
LW: Most of it's paying the cooks and guides, plus caring for and feeding stock. We don't have winter range here, so we have to feed them winter hay, which is expensive. One year it might be $80 a ton and the next year it's $180 a ton. But I lease them to another lodge in the summer, and that pays for their feed all winter. I do all my own farrier work and shoeing. If I didn't, that's $300 to $400 per head per year, and we're working with 25 head. In terms of vet costs, you have to worm them several times a year, plus there are the vaccinations. Luckily my wife sells vet supplies, so we get everything at a discount. In a good year, we'll make $120,000 or so.