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Podcast: Farm4Profit Podcast
Episode: The Power of Knowing Your Breakeven
Description: Landon Friesen @landon707 on Twitter
• What is your cost of production?
o This isn’t unique to farming. It is important in all types of businesses.
 Coors light has to know what they have in each 12 pack otherwise they won’t be around to make more.
 Just like in our introduction…..If you aren’t farming for profit you won’t be farming for long
o If someone asked you break even how accurate will your answer be?
 Your number needs to be flexible and include all expenses supported by the farm. (family living)