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Where thought meets action
Where thought meets action
Honey Production BC Honey Producers Association March 22-23, 2019 - - PowerPoint PPT Presentation
Honey Production BC Honey Producers Association March 22-23, 2019 - - PowerPoint PPT Presentation
Enterprise Budget: Honey Production BC Honey Producers Association March 22-23, 2019 Where thought meets action Institute for Sustainable Food Systems Applied research and extension unit that investigates and supports regional food systems as
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Where thought meets action
Website: http://www.kpu.ca/isfs/enterprise-budgets
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Where thought meets action
WHAT?
Economic Budget Cash Budget
explicit costs Implicit costs explicit costs
Pro: covers all expected costs to provide a more general picture
- f the business
Con: over estimation of costs Pro: inflow and outflow of money of a business at a specific period of time – is there money?
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Where thought meets action
WHY? – what can this budget tell you?
Benchmark for entering this sector/industry Supplies for operation Cost and revenue projection Sensitivity analysis: yield and price Break-even analysis
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Where thought meets action
Website: http://www.kpu.ca/isfs/enterprise-budgets
Assumptions
50-hive operation 15 extra hives as replacement Interest rate fixed at 5% Straight-line depreciation method Management time not included as a cost
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Where thought meets action
50.0% 25.0% 10.0% Price/pound 10.0% 25.0% 50.0% $4.00 $6.00 $7.20 $8.00 $8.80 $10.00 $12.00 50% 1,000.00 ($19,786.07) ($17,786.07) ($16,586.07) ($15,786.07) ($14,986.07) ($13,786.07) ($11,786.07) 25% 1,500.00 ($17,786.07) ($14,786.07) ($12,986.07) ($11,786.07) ($10,586.07) ($8,786.07) ($5,786.07) 10% 1,800.00 ($16,586.07) ($12,986.07) ($10,826.07) ($9,386.07) ($7,946.07) ($5,786.07) ($2,186.07) Yield (pounds) 2,000.00 ($15,786.07) ($11,786.07) ($9,386.07) ($7,786.07) ($6,186.07) ($3,786.07) $213.93 10.0% 2,200.00 ($14,986.07) ($10,586.07) ($7,946.07) ($6,186.07) ($4,426.07) ($1,786.07) $2,613.93 25.0% 2,500.00 ($13,786.07) ($8,786.07) ($5,786.07) ($3,786.07) ($1,786.07) $1,213.93 $6,213.93 50.0% 3,000.00 ($11,786.07) ($5,786.07) ($2,186.07) $213.93 $2,613.93 $6,213.93 $12,213.93
Honeybee Enterprise Budget, 50 Hives, Southwest British Columbia Sensitivity Analysis
(Value of Production less Total Costs as Price and Yield Vary) ($ per 50 Hives) Decrease Increase
MINUS PLUS 50.0% 25.0% 10.0% Price/pound 10.0% 25.0% 50.0% $7.50 $11.25 $13.50 $15.00 $16.50 $18.75 $22.50 50% 1,000.00 ($16,286.07) ($12,536.07) ($10,286.07) ($8,786.07) ($7,286.07) ($5,036.07) ($1,286.07) 25% 1,500.00 ($12,536.07) ($6,911.07) ($3,536.07) ($1,286.07) $963.93 $4,338.93 $9,963.93 10% 1,800.00 ($10,286.07) ($3,536.07) $513.93 $3,213.93 $5,913.93 $9,963.93 $16,713.93 Yield (pounds) 2,000.00 ($8,786.07) ($1,286.07) $3,213.93 $6,213.93 $9,213.93 $13,713.93 $21,213.93 10.0% 2,200.00 ($7,286.07) $963.93 $5,913.93 $9,213.93 $12,513.93 $17,463.93 $25,713.93 25.0% 2,500.00 ($5,036.07) $4,338.93 $9,963.93 $13,713.93 $17,463.93 $23,088.93 $32,463.93 50.0% 3,000.00 ($1,286.07) $9,963.93 $16,713.93 $21,213.93 $25,713.93 $32,463.93 $43,713.93
Honeybee Enterprise Budget, 50 Hives, Southwest British Columbia Sensitivity Analysis
(Value of Production less Total Costs as Price and Yield Vary) ($ per 50 Hives) Decrease Increase
MINUS PLUS
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Where thought meets action
KPU – Commercial Beekeeping Program
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Where thought meets action