je.st
news
Understanding Cost of Production to Manage Risk and Maximize Profit
2013-02-08 01:00:00| ThePigSite - Industry News
US - Cost of production is a fundamental economic concept that applies to nearly any business model. Due to the high risk and slim profit margins of farm businesses, it is particularly important that producers understand the costs and potential revenue associated with each enterprise they manage.
Tags: cost
production
risk
understanding
Category:Agriculture and Forestry