University of Maryland Extension

profit

What is profit?

Urban Ag home | Table of contents Profit is the calculation of income minus expenses. Urban farms produce crops, livestock, and other products for sale which generates income. To produce these products, inputs are required such as seed, compost, feed, labor, machinery, structures, etc. Subtracting...

Chapter 2: Economic assessment and risk management

Urban Ag home | Table of contents Dale M. Johnson Extension Specialist, Farm Management University of Maryland Extension Most of the work of a farm is in producing and marketing crops and livestock. But will this effort be economically viable? And what are the economic risks? These are questions...

Matching Prices to Market Outlets

West Oaks Farm Market, Photo by S. Barnes
Mastering Marketing - August 2019 August usually sees a plethora of produce, fruits, and value-added products showcasing at the farmers markets and through on-farm retail farm stands. Summer and fall holidays stoke the grilling season for mart producers and the beginning of the school year fuels...

Diversifying Your Operation Workshop Series

Tuesday, Jan. 22, 2019 - 12:00pm to 3:00pm
University of Maryland Extension, Baltimore County
What: Come join us in a 3-part series to learn how to diversify your operation. We will talk about Agri-tourism and how it might be right for your operation, adding value-added products, and marketing and pricing farm-raised meats. Guest speakers will include: UME’s Ag Marketing Specialist, Ginger...

Diversifying Your Operation Workshop Series

Tuesday, Jan. 15, 2019 - 12:00pm to 3:00pm
University of Maryland Extension, Baltimore County
What: Come join us in a 3-part series to learn how to diversify your operation. We will talk about Agri-tourism and how it might be right for your operation, adding value-added products, and marketing and pricing farm-raised meats. Guest speakers will include: UME’s Ag Marketing Specialist, Ginger...

Diversifying Your Operation Workshop Series

Tuesday, Jan. 15, 2019 - 12:00pm to 3:00pm
University of Maryland Extension, Baltimore County
What: Come join us in a 3-part series to learn how to diversify your operation. We will talk about Agri-tourism and how it might be right for your operation, adding value-added products, and marketing and pricing farm-raised meats. Guest speakers will include: UME’s Ag Marketing Specialist, Ginger...

Making the Most of Your Time — Be Effective

Coins with clock in background
Mastering Marketing - May 2018 In the opening session of a recent Annie’s Project Class I coordinated, we addressed the topic “The Seven Habits of Highly Effective Farm Women.” It was a take-off modeled on Steven Covey’s (1992) book, “The Seven Habits of Highly Effective People.” In his book, Covey...

Applying the Pareto Principle in Your Marketing—the 80/20 Rule

80/20 Pareto Principle
Mastering Marketing - September 2017 In 1906, an Italian economist named Vilfredo Pareto created a mathematical formula to describe the unequal division of wealth in his country. The Pareto principle (also known as the 80/20 rule or the law of the vital few) states that in many cases, roughly 80%...

Food for Profit

Thursday, Oct. 20, 2016 - 9:00am to 4:00pm
University of Maryland Extension - Washington County Office
Have you ever been told that your favorite homemade bread, or salsa, is “good enough to sell?” Do you have additional fruit or vegetables from your farm or home garden that you would like to make into a commercial product? Food for Profit is a one-day workshop designed to help you work through the...

Marketing— The Root of All Profits

money
Mastering Marketing - March 2016 I’ve written, taught, and executed marketing ideas and plans for some time now. But, after pages and pages of text and theories, I’ve found marketing really boils down to a couple key concepts executed over three similar categories. And, marketing is truly the root...

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