It Costs How Much? Understanding Costs of Production (Feb. 11, 2021 Webinar)

With: Jessica Groskopf, extension educator and agricultural economist; Glennis McClure, extension educator and farm and ranch management analyst; Aaron Berger, extension educator for beef systems; Austin Duerfeldt, extension educator and agricultural economist; and Tina Barrett, program manager, Nebraska Farm Business, Inc. This is the second in a series of webinars to assist farmer and ranchers to better understand their financial positions. Sessions will be held from noon to 1 p.m. Central on the second Thursday of each month, through May, and offer education on financial statements, rations, record keeping and understanding the cost of production. This month will focus on managing costs of production, including where to find cost-of-production information, characteristics of profitable operations and areas to reduce costs without sacrificing productivity.