University of Maryland Extension

Calculating expenses

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


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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.


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