https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/What-is-Schedule-F--Profit-or-Loss-from...
The building would be a capital asset. You should depreciate the building. Form 4562
Supplies such as small tools, feed, fertilizer to raise feed, etc. may be expensed on Sch. F.
I am assuming you are raising the sheep to sell "for profit."
