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Beautifully Easy Economics

Courtesy of Wally S., Wally's Market Garden. Saskatoon SK

There’s an easy way to get into the habit of tracking and covering your cost of doing business. Itemize your expenses, like gas, seed costs, farm stand fees, plot rental, sales bags, and then figure out how many units of a crop you need ot sell to cover it. Here’s an example.

What a SPIN farmer sees here are beautiful bouquets and gas money.

These are my gas money crop. Flower can bouquets. Cost to produce them is minimal. Most of the flowers are perennial or gathered from the roadside. Cans are brought to me by customers and other vendors at market. Time to gather and arrange is about 2 hours for 10 cans. 10 stems per can. Price is $10/can. Two hour round trip gas expense is about $50.

The point is to produce just enough units of certain crops to cover your operating expenses. So you develop the mindset of tying together your business goals to your cropping strategies to be sure whatever you grow is earning its keep.

LEARN THE BUSINESS OF GROWING FOOD (AND FLOWERS) FROM THE BEST MINDS IN BACKYARD FARMING TODAY BY JOINING BACKYARD RICHES HERE.

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