Understanding your Cost of Production with Cam Nicholson and Nathaniel Modra
The Prosperous Farmer · MacKillop Farm Management Group
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Show Notes
Is there any money in farming? Cam Nicholson and Nathaniel Modra unpack the biggest challenges farmers face in today's landscape, areas for improvement for calculating costs, and how knowing your cost of production plays an important part in decision making.
Whilst its a retrospective measure, knowing your cost of production can give farmers an understanding of the efficiencies of their business. But what else needs to be considered when it comes to cost management? And what are the volatilities of being in ag? How have they changed over the years?