“Profit” is after labour costs. If you are the one selling the seeds, or managing the operation, you pay yourself for that work before profit.
It’s a funny example, because many of the “farm coops” that actually sell seeds and agriculture supplies are already non-profit structures.
Even debts to creditors supplying capital are before profit. Profit is the surplus that is un-earned, and the direct result of charging more than necessary, or under-paying for supplies, labour, or capital.
“Profit” is after labour costs. If you are the one selling the seeds, or managing the operation, you pay yourself for that work before profit.
It’s a funny example, because many of the “farm coops” that actually sell seeds and agriculture supplies are already non-profit structures.
Even debts to creditors supplying capital are before profit. Profit is the surplus that is un-earned, and the direct result of charging more than necessary, or under-paying for supplies, labour, or capital.