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Production Economics fact sheet

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Getting the most profitable results from your farm business requires a careful balance of input costs to produce the optimum yield... Page 2 effect when increased levels of nitrogen are applied to wheat: the first 125kg/ha of fertiliser gives a clear and strongly positive increase in yield, from about 0.5t/ha to around 3.5t/ha (i.e. increasing returns)... Estimating the marginal cost and returns borne from each enterprise's production function will assist with decisions around whether we should apply the next unit of input, such as nitrogen to wheat, canola or peas...
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