For example, I've spent $1600 on bees and equipment, I've harvested 3 gallons of honey. I would have to sell that honey at $44/Pound to break even. Now hopefully over the long term this goes down a lot as the upfront capital investments spread out over the years.
My bee losses have been huge though. The first year I had 3 hives, lost 2. The second year I had 5 hives and lost 3, last year I had 5 hives and lost 4. Buying bees at $130/hive isn't sustainable (except through my charity) if I wanted to actually make any money at this, especially on a small scale.