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Cost of Production

 

With diminishing direct support for agriculture and increasing exposure to competitive world markets there has never been a better time to focus on production costs.

As this new series explains, knowing how much it costs to produce a tonne of wheat or any other crop is fundamental to any successful arable business.

Accurate costings allow more informed agronomic and financial decisions to be made. This in turn helps businesses overcome challenges posed by changes in commodity prices and input costs, government policy, tighter regulations, or shifting pest and disease threats.

5 reasons to calculate costs of production

In the first of our series on costs of production in agriculture, we outline five key benefits of calculating your production costs.

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How to use yield maps to reduce your costs of production

In the second of our series on costs of production in agriculture, we look at the use of yield maps to reduce your production costs.

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How to calculate unit cost of production

In the third of our series on costs of production in agriculture, we look at the basic components that allow us to calculate unit cost of production.

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How better information management can improve farm profits

Find out how mixed arable and beef farmer Andrew Booth has improved profit-margins through better information management and record keeping.

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How sharing machinery and embracing robots could help you cut costs on-farm

For forward-thinking farmer Sam Watson-Jones, sharing resources with other farmers, and working on new technology, is helping protect future profits.

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Allocating costs appropriately

One of the trickiest parts of calculating production costs is allocating fixed costs to relevant parts of the business, here are 6 factors to take into account to help ease the process.

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How to interpret and use CoP data

Find out the two main ways cost of production can be used to improve your businesses performance.

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6 key performance measures for arable farms

Find out how measuring financial and physical performance helps to benchmark costs and business performance. With so many elements to consider, what are the most appropriate measures for arable farms?

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How to measure crop performance through key performance indicators

Maximising yield is key to reducing cost per tonne, here we look at several physical crop performance measures that can help drive improvements.

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