Muddy Fingers Farm has been considering a marketing change. What should it be? Could drop the Watkins Glen Farmers’ Market and add 12 shares Weekly gross.

Slides:



Advertisements
Similar presentations
Choosing & Evaluating Marketing Channels Matt LeRoux, Marketing Specialist.
Advertisements

Cropland and Livestock Leasing in Montana
Copyright © 2008, The McGraw-Hill Companies, Inc.McGraw-Hill/Irwin Appendix B Profitability Analysis.
Business Planning A business plan should be a combination of written plans (goals, agreements, future plans) and numerical plans. – Can be viewed as a.
Choosing Crop Insurance for 2004 William Edwards Iowa State University.
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution. Costs and Returns Update – 2010 Crop Alan Miller Farm.
Strengthening Community Food Security S atellite Farmers Markets Tompkins County NY Cornell Cooperative Extension of Tompkins county in collaboration with.
Farmbook Suite Developing Agricultural Advisory Services For Smallholder Farmers Shaun Ferris.
Income Statement Net Sales - COGS = Gross Profit - Operating Expenses = Operating Income - Interest expenses & taxes = Net Income.
Department of Applied Economics and Management Cornell University Ithaca, NY Dr. Wen-fei Uva Senior Extension Associate What is Your Profitability?
Cash Rental Rates and Land Values Where from Here? Craig Chase, Field Specialist Farm & Ag Business Management.
How much for one egg…… Why Farmers Need Farm Financial Management… Craig Chase, Field Specialist Farm & Ag Business Management.
Drudgery that Pays Well: Maintaining Database & Information Laura Biasillo Cornell Cooperative Extension Broome County.
The Farmer & Farm Segments Chapter 6. The Farmer The avg. age of farm operators in 2002 was 58 Many have accumulated/consolidate d their operations over.
THE ‘COST IS RIGHT’ BREAK-EVEN ENTERPRISE ANALYISI  Section: Advanced Agribusiness  Unit: Farm Ranch Business Management.
Selecting a Minimum Attractive Rate of Return Chapter 15 Mechanical Engineering 431 Engineering Economics.
Farm Business Analysis—Ch.18 What are the strengths and weaknesses of the farm business? How can we measure how well the farm is doing?
Farm Management 2011 MC Non-Math. 3. A township is six miles square and includes A. 6 sections. B. 36 sections. C. 40 sections. D. 160 sections. E. None.
Farm Management 2011 Non-Math M/C Problems. 22. For an individual under age 50, the maximum allowable IRA contribution and deduction in 2010 was A. $1,000.
MARKETING COSTS IN ALTERNATIVE MARKETING CHANNELS Shermain Hardesty & Penny Leff University of California Small Farm Program.
AAEC 2305 Fundamentals of Ag Economics Chapter 1 Introduction.
Lecture #9. Review Homework Set #7 Continue Production Economic Theory: product-product case.
Developed by: Alison M. De Marree Cornell Cooperative Extension Lake Ontario Fruit Program, Winter 2014 Adapted by: Virginia Carlberg Cornell Cooperative.
1 Even’ Star Organic Farm By Chasedream The Association for Accountants and Financial Professionals in Business.
Financial Statements Damona Doye OSU Extension Economist.
Impacts of the Farm Bill on Peanut Production in Southwest Alabama Steve Brown Extension Economist Alabama Cooperative Extension System.
Organic Agriculture …… Making the transition… Craig Chase, Field Specialist Farm & Ag Business Management.
Investing in Local People And Their Communities. Our mission is to empower people to work their way out of poverty, transforming their lives, their children’s.
Harnessing the Sustainable Advantage through Farm Direct Marketing Sustainable Small Farming and Ranching.
Harnessing the Sustainable Advantage through Farm Direct Marketing Cinda Williams Direct Marketing Conference, Moscow, March 2005.
Institutional Change, Stakeholders and Adaptation.
Farm Management Week 1 Agustina Shinta.
Budgeting Tools Enterprise Budgeting Partial Budgeting
Range Poultry Entrepreneurship For new or existing businesses Types of planning: Not planning or “Grow as you go” Feasibility and Business planning.
Crop Compare Dwight Aakre, Farm Management Specialist Andy Swenson, Farm & Family Resource Management Specialist.
1. 2 Problem  Farmers have limited access to modern agriculture technologies(the ratio of farmers to agents is 2000: 1).  Decreased farmer yield and.
Whole Farm Planning—Ch.12 Key questions n What are the steps in preparing a whole farm budget? n What is it used for? n How do short-run and long-run budgets.
The Farmers Grain Marketing Guide Carl L. German, Extension Marketing Specialist, University of Delaware – in cooperation with – – in cooperation with.
1 Linear Programming (LP) 線性規劃 - George Dantzig, 1947.
Sales Management 14 Cost Analysis. Full Cost Approach ( a.k.a. Net Profit) Sales Less: Cost of _________Sold Equal: Gross _________ Less: Operating Expenses.
Managing In Tough Times “Bits & Tips” Using Financial Records to Measure Farm Profitability.
The Effective Sales Automation Solution. ACCPAC for Windows SmartSales will make you a better salesperson and a more effective sales organization.
Growing the Bottom Line Evaluating Marketing Outlets… Which to choose and how? Craig Chase, Field Specialist Farm & Ag Business Management.
SVADHA Cultivating access and innovation. What will Svadha do? Develop farm management and planning tools to enable help farm systems get more sustainable.
Von Thunen’s Model of Agricultural Land Use Be able to draw and explain his model by the end of the PPT :-) Discuss the flaws in the model.
Produced for CultivateNC™ Jackie Miller NC State Cooperative Extension ANR/CRD Introduction to Wholesale and Direct Marketing Channel Options for Produce.
Tracking Production Expenses A tool for crop selection and market evaluation.
Sales Management Territory Management Topic 12. Time Management Face Time is Valuable Prime Selling Time Prioritizing Accounts Increasing Selling Time.
PLC: Corn 2014 Payment Potential Notes: PLC payments are made on 85% of base acres. Marketing Year Price ($/bu) PLC Payment Rate ($/bu) PLC Payment ($/base.
Von Thunen's Regional Land Use Model (1826)
Record Keeping and Cost Classification Parr Rosson Professor and Director Center for North American Studies Texas A&M University.
Feeding the World.
Marketing I Curriculum Guide. Pricing Standard 4.
Department of Applied Economics and Management Cornell University Ithaca, NY Dr. Wen-fei Uva Senior Extension Associate What is Your Profitability?
Moving Assets and Management to a New Wave of Beginning Farmers Gary Matteson, Farm Credit Council VP Young, Beginning, Small Farmer Programs and Outreach.
When does a new technology have value? David Ripplinger North Central Cropping Systems Academy Fargo, North Dakota March 20,
Gross method and retail method (lower of average cost or market)
Know your place - the second P (aka ‘Distribution’)
Chapter 12: Kay and Edwards
How to use your Brand to increase sales and maximize profits
Farm Business Analysis
Von Thunen's Regional Land Use Model (1826)
Organic Agriculture ……
January 24, 2018 Koji Kubo Chulalongkorn Univ. and IDE-JETRO
Choosing & Evaluating Marketing Channels
السيولة والربحية أدوات الرقابة المالية الوظيفة المالية
Record Keeping and Cost Classification
Managing Risk in Agriculture
Agriculture Marketing as a part of Agri-business
Training Is Important The training of ICS staff and farmers is an important part of the ICS process. The objective is to provide farmers and project staff.
Presentation transcript:

Muddy Fingers Farm has been considering a marketing change. What should it be? Could drop the Watkins Glen Farmers’ Market and add 12 shares Weekly gross sales remain equal 8-9 hours/week less labor Practical Application: Marketing Decisions

Channel Combination with prioritized selling maximizes sales of unpredictable perishable crop yields

Marketing Channel Assessment Identify your goals and lifestyle preferences Keep marketing cost & returns records, if only for “snapshot” periods Value your own time to present an accurate picture of marketing costs Rank & compare opportunities to maximize profits Combine channels to max sales & reduce risks

Publications Smart Marketing pdfs/SmrtMktg%20Sep2010.pdf pdfs/SmrtMktg%20Sep2010.pdf Guide to Marketing Channels heet-1317.pdf heet-1317.pdf

Contact information: Matthew LeRoux Agricultural Marketing Specialist Cornell Cooperative Extension Tompkins Co. 615 Willow Ave., Ithaca, NY