COST OF PRODUCTION
Cost of Production Fact Sheet (P2P Agri, GRDC): "Successful farm businesses know the cost of production of each commodity they produce. ´ The challenge in calculating the cost of production is the allocation of overhead costs."
Farm Business Costs (P2P Agri, GRDC): "Top farm businesses understand their expenditure in five key cost areas: Variable Costs, Overhead Costs, Financial Costs, Personal Costs and Capital Costs. Good cost management is central to running a profitable farming business. It is not just about reducing costs but understanding the returns."
How do I determine my Cost of Production (PennState Extension): "The first step in determining the cost of producing your farm products is to keep good records. You will need at least a full year’s worth of income and expenses to accurately determine a cost of production."
Farm inputs and costs (Dairy Australia): to help farmers make expenditure decisions, Dairy Australia provides updates on key production inputs and costs.
Cost of production beef, lamb and goat (MLA): Cost of production (CoP), measured in cents per kilogram, is an indication of the outlay required to produce each kilogram of meat for beef, sheep and goat.
Cost of production calculator (Making More From Sheep): For sheep producers wanting to improve the performance of their enterprises, a good understanding of the current operating efficiency of the business is essential. Cost of production is a key factor affecting the profitability of sheep enterprises.