For those of us that don't keep bees, what are the economics? Is this more hobby or a viable business to pursue? How much money can a hive of bees make?
This is only my 5th year. My limiting factor is the since I'm away for work so much I'm a poor bee keeper. I found I really need to stay on top of my hive inspections because a great looking hive can go to a lost hive fast if you loose a queen or get high mite loads for example.
A hive - with 2 deeps, 2 med suppers top board top bottom board and frames will cost about $350 or so. Then you want a smoker(25-40$) hive knife $10, and a Vail$25. If you new you will likely want a jacket and gloves also.
Nuke of bees is $185 to 200 around here. But I just catch swarm and make splits instead of buying bees.
I don't know how many hives I have now having not keep up with my inspections and on top of queen losses I have had several get laying workers. Since I have never been able to correct that those hives get dumped.
When things go right I can get 60 to 80 lbs from a hive I hear but I never do that well. I sell direct and for $16 a lb. Bottles and labels are under $2.
I have about 10k + in my little hobby operation. The goal is to keep 20 to 25 hives and have 10 good productive honey hives. There are always losses and I'm always building. If I were home more I would make a profit selling honey. It's very involved keeping bees healthy and productive and there is a lot of learning. Then there is having confidence to make the call on what to do.
You can sell bees breeding queens and making splits. That adds an entire new skill set to learn.