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Linda Landrum, Regional Specialized Agent – Marketing and Rural Development, North Florida Research and Education Center
Prices can be based either on your farm’s cost-of-production or on the market. With the cost-of-production method, prices are based on expenses, labor, and desired profit. With the market method, prices are set according to what other companies charge or what the market will bear. While the cost-of-production method is best for long-term health of a firm, most firms use a combination of both methods. For example, with some crops you may not be able to charge the calculated prices and have to rely on the market price. In such cases, you must decide whether or not to grow the crops.
This guide discusses the options and provides worksheets to help determine costs of production on your farm.
5 pages. 116 kb PDF
Planning Your Organic Farm for Profit Webinar by eOrganic
Richard Wiswall, Cate Farm in East Montpelier VT
Planning to grow only what you plan to sell eliminates wasted time and effort, and tracking income and expenses will show you your profit centers. In this workshop, Richard Wiswall will provide a step by step guide to achieve a healthy bottom line, assessing markets and developing a production plan, a roadmap of how to grow what you plan to sell. Richard will also share techniques for discovering your profit centers.
NOT just for organic farmers!
A recorded webinar from eOrganic