This study aims to (1) find out the investment costs, operational costs and profits of sheep business in Cangkringan Subdistrict, Sleman Regency; (2) find out the feasibility of sheep business in Cangkringan District, Sleman Regency. Sampling of farmers is taken by the census method, namely the breeders of sheep fattening. Respondents were taken as many as 5 farmers in accordance with the required criteria, namely sheep breeders in the Cangkringan Sub-district active and using dry feed as the main feed in sheep fattening. The type of data used is primary data and secondary data. The analysis used is descriptive analysis, cost, income, Net Present Value (NPV), Net Benefit Cost Ratio (Net B / C), Payback Period (PBP), Internal Rate of Return (IRR). The results showed the feasibility of sheep fattening business in Cangkringan District for an investment cost of Rp. 11.590.133, the IRR is 6.25 percent, the payback period is 9.23, and the Net B / C value is 1.14. The feasibility of sheep business in Cangkringan Subdistrict, Sleman Regency is said to be feasible.