Determining the Cost of Production (CoP) is vital to understanding the economic viability of a farming system. The CoP is defined as being the total cost to produce a unit of a given product. This information provides the basis to understanding the overall profitability of a farm and where changes need to be made to increase it. Profitability is calculated by determining all costs related with production and then deducting them from the price received.

Assessing the costs associated with vegetable production

Cost of Production_v1