MSU Extension unveils new crop production cost estimation tool

Greenhouse growers should evaluate their production costs to determine if adjustments need to be made to stay competitive. To accomplish this, growers need to have a good handle on their costs. Michigan State University Extension has developed a set of free software to help you evaluate your greenhouse business from a financial perspective. “Estimating the Production Costs of Greenhouse Crops” is a spreadsheet-type of software tool that allows you to use your records to estimate your production costs and explore opportunities for cost savings, according to a release from Michigan State University Extension. 

The blank spreadsheet for up to 100 crops, an example spreadsheet and an auto-tutorial video are now located on the MSU Farm Information Resource Management (FIRM) website under Budgets, Cost of Production and Decision Making Tools.Scroll down the page to the “Fruit, Vegetable, Nursery, Orchard, Greenhouse” section and the spreadsheets and video will be located there.