Kent Plosz teaches us how to calculate the cost of production on your farm operation.
The number one thing that farmers really need to consider is the cost of production. If you don’t know your cost of production, how can you answer fundamental questions about your farming operation?
Do you really know the cost of production on your farm operation?You have to know if your farming business is making money, or how can you continue to farm? If you’re not making any money from farming, this is a very important thing to know because there could be things you could change to ensure you do make money as a farmer.
This workshop was funded in part by the Agriculture & Food Council of Alberta