FAR contracts the services of Macfarlane Rural Business annually to update the Cost of Production spreadsheet for a standard set of crops from a case study group of a typical irrigated Mid-Canty arable farm with a mid to high input system.
The study considers all cultivation, establishment, agri-chemical applications and harvesting at contractor prices. Growers using their own machinery for these operations must factor in actual costs. Some growers may use significantly less inputs than those shown.
Farmers are welcome to compare their costs with the case study and populate the spreadsheet with their own figures for an insight into their own financial situation.
Find the cost of production spreadsheet here.
For more information on this topic check out this episode of our Cut the Crop podcast.