Calculating costs
4 August 2000
Calculating costs
A GUIDE to calculating sheep production costs accurately will be circulated to Welsh flockmasters in an MLC newsletter next month, according to MLCs Gwyn Howells.
"Only about 5% of sheep producers know their true production costs, compared with about 50% of dairy farmers. Next month we will send a set of instructions to producers so that they can work out both their fixed and variable costs. This will assist them in making decisions about the future of their business."
A Welsh Sheep Strategy survey carried out last year found that costs of producing lamb in upland Wales varied from 80p/kg liveweight to 174p/kg liveweight, he says. *
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