Cost accounting is the process of calculating your fixed and variable costs of production and identifying on what products and activities you are spending your resources. It may not be glamorous, but taking the time for cost accounting can dramatically improve your business’s profitability.

Ball Seed’s senior business analyst Stephen Steiner joins host Bill Calkins for a quick crash course in “grower math.” Stephen discusses simple ways to calculate costs (fixed and variable) by sharing greenhouse production-based examples. Knowing the true cost to produce various inputs will help you and your team make the smartest—and most profitable—decisions.

WATCH THE VIDEO!

This discussion is a condensed version of a much more in-depth presentation you can find HERE.

Stephen also recommends a series of GrowerTalks’ articles digging deeper into greenhouse cost accounting from many angles. You can find all of these resources and more HERE.