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SWGLA, "Bringing Meat to Market," Business Training Series: Cost of Production
Description: This workshop kicks off the “Bringing Meat to Market” series of business trainings focused on the fundamentals of supply chain, sales and marketing of grassfed meats for western producers. Starting with one of the most important data points for your business, our first webinar will teach new and seasoned producers how to estimate costs of production per unit for their operation, setting the stage to translate those numbers into meaningful reasoning for sales pricing and marketing decisions. After all, one can’t imagine potential financial success without knowing the associated costs.

We will begin with a snapshot review of what goes into your income statement or P&L in order to differentiate between the cost of production, or COGS (cost of goods sold) and other expenses, in relation to income and resulting gross and net profit. From there we will review what inputs are truly considered costs of production, and how to classify them in your accounting -- whether this is handwritten, in excel, or in a software program. We will discuss post-production costs and how they play into the mix, and the specifics of grassfed production as compared to other livestock businesses. We will review how to figure in labor, both paid and unpaid, and how to determine the opportunity cost of your enterprise decisions. This course will act as a preview to a future session on budgeting and breakeven analysis.

The Bringing Meat to Market series is brought to SWGLA members and non-members thanks to generous support from the #NoRegrets Initiative.

Cost: This webinar is free. Priority is given to SWGLA Members. Limit 100 participants. A video recording of the webinar will be available on the SWGLA website for all SWGLA members.

Educators: Anjali Oberoi (Bernoulli Finance) with support from Olivia Tincani (Olivia Tincani & Co.)

Sep 25, 2019 02:00 PM in Mountain Time (US and Canada)

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