University of Maryland Extension

Calculating expenses

Author: 
Dale M. Johnson, Extension Specialist, Farm Management
Post date: 
Oct 1, 2019


Urban Ag home | Table of contents

The other factor that affects profit goals is expenses. As mentioned before, expenses are associated with the inputs required for producing agricultural products. Income minus expenses equals profit. Expenses can be described in different ways but here we will describe three types of expenses – variable/operating, fixed/overhead, and depreciation.


Previous page: Setting income goals
Next page: Variable/Operating expenses

Tags: 
From Surviving to Thriving: Strategies for Urban Farm Success
Economic assessment and risk management
expenses
calculating expenses
variable/operating
fixed/overhead
depreciation.
Brought to you by: 

Urban Agriculture

We embody the University's land-grant mission with a commitment to eliminate hunger, preserve our natural resources, improve quality of life, and empower the next generation through world-class education.
Maintained by the IET Department of the College of Agriculture and Natural Resources. © 2020. Web Accessibility

University programs, activities, and facilities are available to all without regard to race, color, sex, gender identity or expression, sexual orientation, marital status, age, national origin, political affiliation, physical or mental disability, religion, protected veteran status, genetic information, personal appearance, or any other legally protected class. If you need a reasonable accommodation to participate in any event or activity, please contact your local University of Maryland Extension Office.