When you think about making financial adjustments to your operation, it might seem like input costs are pretty well fixed and you can't do much to adjust them. Believe it or not, you might actually be able to alter your input costs more than you think. After taking a look at your financials and understanding your costs, it might be time to look harder--specifically at your input costs.
Try running each of your input expenses through the "best yield/best return" filter to determine the true value of that input. First, you need to understand the distinction between the two. In his latest Finance First blog at Farm Futures, Darren Frye takes you through the initial steps, helping you weigh "best yield" input costs versus "best return" ones and pointing you toward potential next steps for an operation that wants to continue in that direction.