Understand Your Cost of Production
Knowing your cost of production is a powerful management tool. Watch a short video to see how cost of production can help bring confidence and clarity to your management decisions.
Take the Cost of Production Course
Start with the Financial Terms course to begin laying the foundation.
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- Review the difference between cash and accrual accounting
- Explore the four steps to calculating cost of production
- Practice calculating cost of production and breakeven
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- Find out which records are relevant for calculating cost of production
- Sort through and classify records needed for cost of production
- Walk through a sample calculation and try your hand at doing the math
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- Analyze an operation to find red flags and opportunities
- Make recommendations based on cost of production
- Use cost of production to make decisions about when to sell or whether you can afford a purchase
Agricultural Insights
Questions?
Your financial officer is a great resource to help you calculate your cost of production. Contact your local office for a consultation.