Deep dive into Cost of Production

As we move into the upcoming season, it’s a great time for cane growers to reflect on business production strategies and assess their bottom line. One key factor influencing profitability is the current sugar price, which has seen recent volatility due to shifts in global supply, weather patterns, and trade dynamics. Staying informed about these trends helps growers make better decisions around planting, harvesting, and marketing. With the market constantly changing, understanding the pricing landscape is crucial for maintaining profitability.

Just as important is monitoring the cost of production. Rising input costs like fuel, fertiliser, and labour force challenges continue to challenge margins. This is where the cost of production tool proves valuable. By tracking and analyzing expenses, growers can find efficiencies, reduce waste, and benchmark performance. These insights support smarter budgeting and strategic choices throughout the season. Using this tool helps clarify a farm’s financial position and strengthens long-term sustainability and competitiveness in the market. 

Take a listen to Dougall Morrow and Chris Gillitt discuss the tools and support available for growers as CANEGROWERS members.