How Much Money Did Our Small Diversified Farm Make in 2023?

TLDRIn this video, we break down the numbers and reveal the revenue, expenses, and profit of our small diversified farm in 2023. The farm generated a record-high revenue of $2,282, but it's important to note that this is the revenue number, not the profit. We also discuss the different business operations on the farm, including tree farming, goose raising, and value-added products.

Key insights

💰The farm generated a record-high revenue of $2,282 in 2023.

🌳Tree farming is a profitable part of the farm business, with almost $10,000 in revenue.

🦢Raising geese is a core part of the farm operations, generating a revenue of $13,139 from selling live geese and meat.

📦Value-added products, such as feathers and soap, contribute to the farm's revenue stream.

💲Profitability varies across different farm operations, taking into account expenses and sustainability factors.

Q&A

What is the total revenue of the farm in 2023?

The farm generated a record-high revenue of $2,282 in 2023.

Which part of the farm business is the most profitable?

Tree farming is the most profitable part of the farm business, with almost $10,000 in revenue.

How much revenue did raising geese contribute?

Raising geese contributed a revenue of $13,139 from selling live geese and meat.

What are value-added products?

Value-added products are items created from byproducts of the farm, such as feathers and soap, that contribute to the farm's revenue stream.

What factors affect the profitability of different farm operations?

Profitability varies across different farm operations and takes into account factors such as expenses and sustainability considerations.

Timestamped Summary

00:00Introduction to the video

00:40Explanation of revenue, expenses, and profit

02:00Discussion of tree farming and its profitability

04:30Overview of the goose operation and its revenue

06:30Introduction to value-added products and their contribution to revenue

08:00Comparison of profitability across different farm operations

10:00Answer to FAQ: Total revenue of the farm in 2023

11:45Answer to FAQ: Most profitable part of the farm business