Do You Know Your Grain Production Costs?

Understanding your cost of production goes far beyond knowing what you spend on fertilizer.   In this episode, Amy Crozier is joined by Eric Olson and Warren Bills from MNP to break down the different elements that make up production costs in grain and why knowing your cost per bushel matters. From gross margins and production expenses to labor, machinery, land and financing, they explore what each piece means and how it can help growers make more informed decisions. They also discuss how agronomic planning and benchmarking can provide a clearer view of margins, the biggest cost drivers in grain today and the growing importance of field- and zone-level decision-making.   Tune in to learn what goes into cost of production and how a better understanding of your numbers can help guide decisions across your operation.   Looking for the latest in crop nutrition research? Visit nutrien-ekonomics.com   Subscribe to our YouTube channel: https://www.youtube.com/@NutrieneKonomics