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Tractor Talk Discussion Board

Re: Feeling the need for a bin.


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Posted by Dave H (MI) on December 02, 2016 at 08:12:10 from (50.33.251.151):

In Reply to: Re: Feeling the need for a bin. posted by JD Seller on December 01, 2016 at 18:21:07:

Thanks Ronnie! Probably no surprise to you but I find the numbers fascinating. Farming is like a lot of businesses in that what would appear to be insignificant unit costs can add up to a lot of money. I am not a cost accountant professionally, but I did teach it at the college when I was involved with that. The relationships with volume and variable costs, the effects of fixed costs, and the use of all this info to make decisions in marketing, equipment and land acquisitions, etc...well, that kind of is what floats my boat. I think about these things daily. It is one of the reasons I am able to make a little money even with an operation that, by today's standards, is pretty darn small. We are going to hit the numbers on this pretty hard around here. We had a dinner out last night and it was a big topic. Everyone here is in favor of adding a bin.


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