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Farm Business
Agricultural Matters
Turnover vanity profit sanity….what a load of tosh
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<blockquote data-quote="DrWazzock" data-source="post: 9202289" data-attributes="member: 2119"><p>So what sort of % profit on turnover is considered good? We make about 30%. £30k profit on £100k turnover on average.</p><p>We could do better but I admit I’ve wasted money on machinery. I’m trying to rectify that now by cutting machinery fleet to bare minimum. SFI will replace BPS and will continue to be half of the profit. I say average. This past year and coming year will be below average.</p><p>As said above by [USER=127792]@teslacoils[/USER] a small farm, however well run is now a nice place to live and a bit of pocket money. We’ve simply been outscaled on all fronts and left behind by the huge disparity between commodity price inflation (or lack of it) and cost of living but we are still in the game, part time. C’est la vie.<img class="smilie smilie--emoji" loading="lazy" alt="🤷♂️" title="Man shrugging :man_shrugging:" src="https://cdn.jsdelivr.net/joypixels/assets/6.5/png/unicode/64/1f937-2642.png" data-shortname=":man_shrugging:" /></p></blockquote><p></p>
[QUOTE="DrWazzock, post: 9202289, member: 2119"] So what sort of % profit on turnover is considered good? We make about 30%. £30k profit on £100k turnover on average. We could do better but I admit I’ve wasted money on machinery. I’m trying to rectify that now by cutting machinery fleet to bare minimum. SFI will replace BPS and will continue to be half of the profit. I say average. This past year and coming year will be below average. As said above by [USER=127792]@teslacoils[/USER] a small farm, however well run is now a nice place to live and a bit of pocket money. We’ve simply been outscaled on all fronts and left behind by the huge disparity between commodity price inflation (or lack of it) and cost of living but we are still in the game, part time. C’est la vie.🤷♂️ [/QUOTE]
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Turnover vanity profit sanity….what a load of tosh
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