Costs Specification

SAS Output Economydoctor. Beekeeping. taloustohtori.luke.fi/en/ . Data: Luke Profitability bookkeeping results. October 31, 2025
          Production Costs                 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E
Farms in sample 7<n<12 7<n<12 7<n<12 7<n<12 7<n<12 7<n<12 7<n<12 7<n<12 7<n<12 13<n<18 13<n<18
Beehives 90 87 57 53 52 58 68 68 82 59 59
TOTAL PRODUCTION COST 33.344 36.009 16.660 13.970 14.833 17.376 25.625 25.105 22.914 22.529 24.973
Product expenses 12.466 10.832 5.508 2.592 3.184 3.883 6.271 6.450 5.254 6.058 6.517
         Purchase of honey 4.113 1.691 0 0 0 0 0 0 0 0 297
         Packaging 630 283 584 148 377 28 155 70 121 145 180
         Other product expenses 5,065 6,014 3,443 2,389 2,673 3,498 5,129 4,210 3,027 4,790 4,254
         Rent of machines 688 9 0 0 8 0 0 0 0 0 0
        Fuel 537 577 0 0 83 125 198 532 247 233 223
        Other variable costs 1,433 2,259 1,480 56 44 231 789 1,638 1,859 890 1,562
Animal expenses 1,394 2,137 780 846 961 1,272 1,264 2,091 1,486 1,173 1,924
        Feeding and medication of bees 1,169 1,619 410 625 763 641 841 1,754 1,266 975 1,465
        Purchase of bees 225 518 370 222 198 631 423 338 220 198 459
Machinery expenses 3,470 3,426 1,464 1,070 863 1,195 2,321 2,064 2,166 1,746 2,153
        Depreciation of machinery 2,730 3,231 1,439 1,067 826 1,195 1,745 1,514 1,993 1,604 2,045
        Repair of machinery 739 195 25 3 36 0 577 549 173 142 108
Building expenses 1,139 1,353 413 310 310 262 345 444 462 538 512
         Depreciation of buildings 1,033 938 413 310 278 262 202 184 452 531 512
         Repair of buildings 105 415 0 0 32 0 144 260 10 7 0
Other expenses 3,721 2,605 460 2,195 1,867 2,367 3,360 2,391 1,804 1,131 2,471
        Insurances 959 689 0 80 32 387 494 528 429 303 542
        Rents 500 150 0 20 0 138 11 105 38 10 34
        Other costs 2,262 1,766 460 2,095 1,835 1,842 2,855 1,758 1,337 818 1,894
        Other depreciation 0 0 0 0 0 0 0 0 0 0 0
Cost of labour 9,231 13,793 6,836 6,112 6,930 7,533 10,487 9,813 10,650 10,884 10,022
        Wages 25 819 33 0 24 65 413 1,201 892 703 500
        Wages demand 9,206 12,974 6,803 6,112 6,905 7,468 10,074 8,612 9,758 10,180 9,522
Interest expenses 1,924 1,862 1,200 844 718 864 1,576 1,851 1,092 999 1,373
        Financial expenses 177 12 6 4 3 8 463 449 85 63 57
        Interest on own capital 1,747 1,850 1,194 840 715 856 1,113 1,402 1,007 936 1,316