I built up a good size landscaping business and sold it years ago. One of my biggest tips to young guys getting into the businesses is to know exactly what each piece of equipment actually costs to run per minute/hour/day/week.. price it including depreciation and maintenance costs per year decided by the hour. Always helped me bud jobs and not loose my shirt. It’s awesome to see a true professional like yourself break down the details like you did.

I used to make maple syrup for 30 yrs as a hobby, anywhere from 5 to 15 gallons. I kept a couple and sold the rest ,the amount of time spent collecting, boiling, bottling and cleaning up was a crazy amount of time and nothing hurts more when someone says they can buy pancake syrup for less at Walmart.

Love a good numbers breakdown video. Of course we have to remember to figure tax implications, which of course will be different for everyone. Sometimes it's ok to have a loss if it's due to depreciating equipment that you would like to own anyway. As for wood cost it would be difficult to harvest your own logs for less than 125/cord if your time is worth anything, assuming you're figuring clean up/brush stacking time, although I'm still doing it because I'm removing standing dead, blow downs, and thinning that needs done anyway. As for what you should charge, well I would say price it by the face cord and let the customer decide how much they want to buy. If your cost is 60/face cord minimum would be 135 + delivery because you have to figure not only your time, but you will be sitting on that wood for a year, so you need a return on that money you'll have tied up for that year. Also need to think about your supply of seasoned wood, if you only have 20 cord seasoned ready to sell then up the price because there's no hurry to sell and you'll know the ones who buy are willing to pay for your product and those are the customers you want. I put right in my ads "if you're looking for the cheapest thing that will burn, I'm not your guy" because I produce and sell a premium product, I'm not making boiler wood. Keep up the great videos, I really enjoy them.

I have heard several times that some folks don’t charge enough for their firewood. This helps put it all into perspective. Thanks for the video Adam!

After reading comments and digesting some of these data points I have questions. 1) Nowadays more than ever I look at firewood as a commodity. I wouldn’t be surprised if in the near future we are using FW as such 2) some commenters value there time like they are the potus. Me, I look at it as 1…heat, 2…exercise/health, 3…family time 4. Yes family can do this together. Manual labor is neither above or below anyone. 4. Commodity. This may be moving up the scale in coming months/years. 3) Depreciation??…again nowadays for the equipment you have there is very little if any. Limited workforce, astronomical inflation, artificial shortages. 4) This winter when natural gas prices double, propane triples, electrical brown/blackouts get more widespread, firewood and wood heating appliances and generators are gonna be gold. 5) Having land large enough with firewood resource and area to use processing equipment become invaluable

Appreciate your time doing this exercise. Glad we have a number cruncher in the firewood group to bring prospective to this hobby/business we are so passionate about. Stay safe.

love it Adam. Really appreciate you taking the time to make this video.

Adam, thanks for an easy to understand explanation of calculating the cost of producing one cord of wood. You are an enthusiastic teacher and made a great video for us out here in 'viewer land'.

What a great video to share with customers who might not see the value in what we deliver them! Thanks Adam!

Perfect subject matter for anyone considering selling firewood or for any other product.

Excellent cost analysis! The way you explained it was easy to understand too. Great job Adam! Have a good week man!

Just purchased 160 acres in Southern Manitoba, Canada. I'm looking at getting into the hobby/buisness as well. I've already got the labour with 3 boys that are eager to make some money and help out. This video is exactly what I've been looking for. The comments are excellent as well. Thanks so much for posting and keep up the great work with the Chanel.

Paying yourself is always a battle if you choose this as a hobby and not full/part time employment. If you are depending on the money from the firewood to pay for the equipment, which is used for other things on the property, then adding an hourly rate for employment is tough. The clients I serve in my handyman/mowing business are less fortunate than most, and I provide those services to offer some dignity and peace of mind knowing they are cared for. If I charged what I was worth, then I couldn't help those less fortunate.

Good morning Adam - thanks for taking the time to crunch this for a lot of folks - I think it has helped put some perspective on it for folks. I don;t think you have captured all the costs that I would have, but I think you have provided a basis for folks to perhaps follow your outline to do their own cost exercise and add the other costs they have, to make it more specific, or accurate, to their specific operation, including what they would cost their own labour out etc as you suggested. Great stuff- thanks for taking the time to do this for everyone - wow, the little guy is getting big! Cheers!

Great video Adam. Knowing your overhead is critical to running a profitable business. I love your analytical approach. One of my videos was about how much wood an IBC tote holds. I got into some number crunching and had to make reference to you in the video. Love your channel!

Hi Adam. Great video! As a CPA, I was very into the numbers. Don’t forget about Fed and state taxes, local earned income tax and of course everyone’s favorite, Self Employment Tax. Also have a couple types of insurance. When I’m behind a desk all day, none of those costs matter in the end. I can’t wait to get on the tractor. If nothing else, it’s therapy. I’m sure tractor / firewood therapy is cheaper than professional therapy! Keep up the great videos.

Well thought out and brilliantly executed. I personally would love to see you get your channel far enough along that you can do this full time. I have no doubt you’ll get there. See you on the next installment.

Nice video … Love the number crunching analysis.

Great video Adam! I think this will be a helpful video for a lot of people. Kept my attention and i dont even process firewood.

Imho, the labor cost has less to do with what you think your time is worth and more to do with what the market would pay to hire someone to do the work, $20 per hour seems fair to me. That would add $55.50 to your cord price. My market gets $180 per face cord so $540 per cord. You didn't include the cost of the land in your equation. You have to buy or rent space to work. You need a lot of space to receive, process and season wood. Michael

Excellent video Adam! Nice Job!!

Adam… I would be scared to calculate the cost of my woodworking hobby…. 1. I have a lot of tools, gadgets and equipment. Some of it is homemade or cheap/used/refurbished. But, there are several big ticket items involved. 2. I am very slow and meticulous when making things. There is no such thing as a weekend project for me. Most items are one-offs. So the output volume is very low. 3. I never sell anything. Everything I make is for personal use, a gift or a favor. The only payback is satisfaction, pride and love. As a result, the cost is inconsequential to me. Because… the rewards are priceless!!! However, the three basic drivers of cost (labor- materials- overhead) do matter to my wife. If I ever figured out a cost on a project… she might make me give up my hobby! Thus, I carry the fear to attempt a cost analysis. Thanks for putting this together… it reinforced, that my fears are justified!!!

Nice calculation of the expenses, Nice Explanation this was well constructed,

Great video on costs. Sometimes, when we have a hobby, I think we just do it for the enjoyment and don't take costs into account. Have a Safe Day

Great job of getting in to the details on this one, Adam. It certainly puts firewood sales into perspective. And it's great to hear it from an accounting point-of-view. Thanks for sharing!

Wow, very well put together!

Great vid Adam. 3.7 X $20 per hour = $74 + $167 = $241 $300 per cord would be a reasonable price. But you didn't figure in the fun factor.

Good morning Adam, great breakdown. You forgot to factor in. Enjoying Your hobby is priceless!

Great video Adam! Love the honesty. As with any type of farming it has to be a labor of love. Very few people are getting rich in Ag.

Thank you Adam.

Never been here this early, almost feel like I should go and come back.

Thank you for making this video I totally agree with you!!!! No one should sell a cord of wood under $350 my opinion.

Great job love your videos thank you

This is a interesting concept and video. I would hate to have this done for my fishing hobby. The price per fish would be pretty high.

Thank you for sharing, it’s very interesting

Very informative! Thanks.

Great info Adam.

You just talked me into putting a propane furnace in. Thank you:)

Great discussion Adam. Hobby vs business is a big difference. The true cost of running this machinery is much higher. My excavator, tractor, truck, trailer, and a lot of other stuff really adds up. Annual maintenance, repairs, insurance, taxes, etc. Office time, marketing, daily wood yard cleanup and maintenance, is all part of producing a cord of firewood. Delivery expense, delivery loading and unloading time. Dump trailer insurance! This is important, and not covered on most auto/truck policies. If this is a hobby, most of the true costs of firewood production are ignored, which is OK. I'd like to see a cash flow analysis of how someone starting out buys all this stuff and actually pays for it as a stand alone firewood business. Usually these assets are purchased as the business grows over many years. Buying several loads of logs to get an inventory established is another cost, and ties up money for months.

Great informative video. Did I miss what you can sell a cord of wood for?

As always, well done Adam. It's refreshing to see other like minded people run the numbers and be realistic about them. When I ran my own company, I knew how much it cost me to open up every day, and my time was worth a minimum of $30/hr in 2019. How much money could you command operating your mini-ex? Use that as a guidepost, but I think 3.7 hours to make a cord of firewood you should be able to secure about $35/hr on top of your cost of $167. That'll put the sold price at around $300 which is a nat'l average.

thank you, that was interesting for about 2sec, no i di watch it all, but it dose show anyone who is interested in setting up a small business, thanks again

Great video Adam. I love getting into the numbers because it shows if you're truly profitable or not. One of the best things I ever did for my business was to sit down with my CPA and learn how to run my numbers To be able to set my prices and my profit margin. The way that I would figure what you need minimum is about $35 an hou To break even on labor plus whatever you want to add For profit margin. The basics without going into major details on how I come up with $35 an hour for my base cost for labor per hour is $20 pay plus 75% for workman's comp and payroll taxes. That pay scale is my starting point and that is for a basic labor so for an employee to run all the firewood equipment the employee might be as high as the $30 per hour pay scale plus the 75% so would be up to $52.50 an hour plus profit margin. So there is some labor cost numbers to play with. So any where from $129.50 to $194.25 for labor costs to make a cord of firewood. Plus still need to add profit margin.

I was self employed for years and the thing I see a lot of people do, is not put enough vale in their time. Not just anyone can process wood, at the level you do. The wood is sized alike and well seasoned. That is a high quality product, that can be seen when burning. If you've ever tried to burn green wood or had to reprocess it, after you've paid someone to do it, then you'll understand. You have to pay income tax and figure a portion, of health insurance, because you probably can't get WC insurance. Charge the going rate, for the same quality product, and then decide how much is profit and how much is wages. I really enjoy your channel.

I haven’t had time to read all the replies but Unless I missed it, Adam, you missed one unique piece of the equation that applies to you and other KZfaqrs - your work, be it firewood, mowing your lawn, whatever, is also generating income. That’s what makes this medium so amazing and it also requires your “time” but all in all, it is a piece of the equation. And I have to imagine, there are certain tax advantages as well. Keep up the great work - I really enjoy your videos and subject matter!

Thanks for the video, it was great to see calculated, what costs really are! I´m making firewood here in Finland, home of Japa. I also think that this a good hobby and you also get some money from it. I don´t have big machines, just decent chainsaw and hydraulic splitter. Electric woodprocessor and small tractor with front loader is my aim in the future, cost would be approx. 30000 eur/$. So far wood has been coming from my own forest. Keep up doing the good work!

I see some comments of people saying $20 or $25 per hour to pay yourself. In my opinion, that is greatly short changing yourself. Your accounting job, I'm guessing pays more than that. And they probably provide your health insurance, life insurance, retirement, social security, etc. The real cost the employer pays for your time is about double what you actually see. So I believe, at minimum, you should pay yourself $50/hour. I did a video about why I DON'T sell firewood. And this is the exact reason. I can't make enough money to make it worthwhile. I have a 40+ hour a week job and a family. I have enough to do that making a few bucks from firewood isn't worth it. I probably didn't explain it well enough. But I just don't see the value in cutting, splitting, and selling firewood. Good video!

Excellent break down. We sell firewood also. One tip I was given along time ago is that if you are always out of wood your charging to little for it. We charge what we need to make it worth while for our operation. $114000 for your equipment isn't bad at all. That equipment will pay for itself 10 times over plus make you all the firewood you ever want. We use ours on jobs we do. Then use it to make firewood.

Did you see the Werk-Brau rake that Mike @ Outdoors With The Morgans put on the mini-ex? That looks perfect for firewood handling. Going to see if I can afford one on Monday :)

I'm a software engineer / web developer that also sells 30 cords a year on the side. Hobbies that make money are the best!

From one accountant to another - GREAT video, Adam!! :) One thing you left out was - How much do you sell a cord of wood for? In the end, for you, it's really not all about making money with this - it's more about getting out and doing something you enjoy and selling the wood to offset the cost of equipment that you would like to have anyway. Curious about what kind of accounting do you do? Public? Corporate? etc.? Your fellow accountants probably think you're nuts doing all the things out at your property that you do. You should hire that sort of thing to be done!! When I worked for one of the "Big-8" years ago, everyone thought I was a little off because I drove a pick-up truck as my daily driver. And they'd kid me about being on "This Old House" as I was rehabbing my 1915 home I owned at the time. Keep up the great videos! Always enjoy seeing what what you're up to.

Phenomenal video. I ask the hobby versus business question to one of the silver/gold refiners to figure out if he could cover his expenses w/o KZfaq and never get a straight answer.

Great video, so many good comments also. Too deep for me, I’m sticking with the smaller scale operation😀🇺🇸👍🏻👏🏻

Thanks for the numbers

Thank you...

Great video, did you add in the Totes for storage and delivering the wood to the spots where you are selling it? (fuel, time etc)

From what I’ve seen you sell your firewood for before, your prices seem pretty fair. Fair enough for you and the customer. It’s definitely nothing you will be able to live on, but you put your hobby to good use. You also have to factor in the delivery of the wood. Remember, people will always pay you more for excellent customer service, convenience, and quality, which you provide. I think you are on the right track.

Great video. I appreciate people that show the numbers. A few points - dont forget to include taxes and insurance in your costs. The real hourly rate to operate, what you are calling depreciation, would also include the costs of maintenance and repair. And the $175-ish cost for one cord was from the log pile to the totes. Didn’t include your time and equipment costs to get the logs to the pile nor your time and equipment costs from storage to final sale

Great video it was nice to see the true accountant side to help understand the cost. Figuring depreciation is sometimes confusing. In north east Ohio I see a cord of wood going for $300 to $350 delivered.

I use $20 per hour for time when doing things on my woodlot. Like you this is my hobby. I don’t sell anything. It’s a lifestyle thing. Some do the beach in the south, some golf, some go fishing…we love doing firewood.

This is why i started buying firewood already processed after i calculated it up. Cord firewood 180$ delivered and split and done. Cord of slabwood is 20$. Cheers

Very interesting discussion. Difficult to factor in the cost of repairs. Lots and lots of variables in this analysis. It would be very interesting to do a thesis based on a statistical study to see which of the variable factors could be disregarded and which need to be carefully analyzed for cost control. Somehow, after your brief analysis, I sense your own intuition could shortcut the study and come to the same conclusions. And, as you point out, the proper balance point one chooses depends on each individual's situation and what they are trying to achieve.

Good video! Are there any loans tho on any of this equipment? That would need to be accounted for too right?

That was a very interisting video, im going to have to do the same thing and try to figure out about what it cost me,i may be charging a little bit to low im at 300 per cord picked up, i do also sell bags, i tried plastic streatch and sold very little until i went to bags ,i uped the price a bit to cover the bags, now i sell 20-25 bags a week ,i bought one of the ez baggers and that has cut my time in half ,with 2 people it goes realy fast ,thanks for the great cost video, take care

Great video I came here from eastonmade

Man that was a good video

Interesting video. I'm not sure that there is a right or wrong answer, but certainly variations in how the answer is arrived at in your situation. Many assumptions. As for your labor, I'd be inclined to view it from an opportunity cost perspective. In other words, what would you be doing with your time if you weren't processing wood and what would that time be worth? An intangible that you can't place a value on is the health benefit you are deriving from staying active and performing physical labor. It differs greatly from pushing a pencil or punching keys on a computer while working at a desk. Good analysis.

Here in CT wood goes for 250-325. If I buy it off season during the summer I can get it for 200 a cord with a $30 delivery charge on per truck load

Great video Adam, I've tried to do rough estimates of my costs involved in making firewood and have a pretty good idea but this offers a great explanation of depreciation and how to estimate it much more accurately! Like you, I have a lot of equipment that serves many purposes and makes me money in ways other than just firewood so I guess that would only help my bottom line. Add in that I get paid to haul my firewood logs to the woodyard and then again once they are split into firewood and I suppose I must be making money somewhere!

Side question. Do you have to charge sales tax for whole sale or road side sales or is firewood considered like an agricultural product?

Wow! Makes me glad I was a criminal justice major in college! Great job! LOL, I did have to take calculus 1 & 2 to go to pilot training for the AF. That was bad enough!

Hey Adam-I’m curious which exercise you enjoyed the most. Crunching the numbers and making the video OR the actual process of running the machines while also creating a product? Appreciate the VALUE you strive to bring your viewers! Jeremy Carr Hamden, CT…..by way of good ole Memphis, Tennessee!!!

Replacement cost of equipment, general maintenance parts and labor, insurance (assuming your equipment is under house insurance at least?) Dump trailer and maintenance on that as well. Time to restock your wood box and ur gate and Doug's, milage and time for any deliveries of wood. So many more hidden costs than just time taken on the tools. Cost of land to store everything, equipment, raw wood, processed wood, consumables on your bundler... replacement totes and preparing them for use, haha I could go on an on

Ahh a fellow accountant! Great video. Cash flow statement would be interesting. But that can get to personal for a YT video

In Germany with 1cord u usually can earn around 300-350€. Currently in our energy crisis it is more like 500-600€.

Love that you took the time to discover ur worth doing this as a hobby. It's been done on various channels, with various total cords and various schemes of equipment. To me, it all crunches down to 40 to 60 per hour for ur time involved minus all the real expenses you've given. 40 to 60 per hour is awesome for most people or a side hustle. The real question is??? Why do I watch firewood videos? It's because firewood is like building a better mousetrap or bigger watermelon truck. It all seems to make sense to upscale ur business, but really, all ur doing is more volume to make the same 40 to 60 per man hour. Every business in America is based on the same stuff. If you go to an auto repair shop, they charge you 90 to 100 per hour on the mechanic's time. Guess what they pay the mechanic? 25 to 30 per billed hour. The rest goes to overhead. Land and lease costs, healthcare, FICA, and anything else the government can screw small businesses with. Also, these numbers permeate most businesses. The bigger businesses like Walmart, Apple, Facebook, Google, can work with smaller margins because they are huge. Anyway, sorry for the ramble. Thanks for ur time on the numbers. 40 to 60 per man hour That's what is costs to stay in business these days. Inflation anyone?

I get $175/face + Delivery easy here in western PA. Never had a season where I didn't sell out. (20+ Cords every year). Quality over Quantity is key

I started using my band saw mill instead of using my splitter! I Quarter the log, put it on my bucksaw and use chainsaw to cut to length, then stack!

How much time and money did you have getting the logs? Do you buy by the truckload? I didn’t see those numbers factored. And do you factor in time and depreciation for delivery?

I raced alcohol dragsters as a "hobby". One racer said it cost him $75/run. I did a detailed cost analysis & mine was $3500/run. "Accountants" can make numbers do anything they want, but I commend you for a FAIR, middle of the road approach, to help others considering getting into the "biz". Enjoy the channel, but worry a lot about the "pond".

I also built a landscaping business and am currently building a firewood business, and one of the professional publications I used to read suggested you "rent" your equipment to yourself and this would help understand your costs better, this seems to me was much more extensive than your analysis, it would include all of what you did plus air filters, oil filters, oil etc. This added category of the cost of maintenance makes a difference and setting aside those real costs allows you to have the cash flow to maintain your machinery. I agree that firewood especially in this time is under priced or a bargain for the consumer. We should all work together to get the message out about local, sustainable, carbon nuetral energy.

I figured 85$/ cord for cost of processing bucking and splitting. I get my wood for 120/cord in 8 ft length however there is a adjustment to be factored from 8ft to 16in so i figured my true wood cost is closer to 150$ to yield one full cord. So my net cost is 235$/ cord and that includes 3hours of labor @20$per hour. I add 25-30% for profit. I charge extra for delivery enough to sub contract if need be.

I do machining, powder coating, welding, fabrication, building (houses, shops, etc) as hobbies and have an excavator, skid steer, trailer. Regarding the value of your time, I'm retired and very much value my free time. I look at it as I could have stayed working if I wanted money. Now, I was obviously at the height of my career when I retired so was making the most I ever did. I worked IT as a manager of a fairly good sized crew. Then there is the whole is your hobby a business. Do you have to pay taxes, unemployment insurance, etc. That would jack it up even more. Because of this I don't "contract" out my work (time). If it's a small job and we're friends I'll do it. If it's not I'd rather point them somewhere else than try to explain that my free time is worth more to me than they are willing to pay. Having said that I've had a few people who were persistent and didn't bat an eye at what I thought would be considered a high hourly rate, and they walked away happy.

Awesome video with great attention to detail. I would add that your analysis only includes "supply" factors. The other element for pricing lies in the "demand" side. If the market in your area is rich with $200 per cord firewood, you'll not be recouping anything by pricing at $350. Often times the market cares nothing about what your costs are. The good side is that with the price of energy skyrocketing, that cord of firewood is bound to cost more in a year. Good luck and keep up the great videos.

Hello Adam, Good video, Great Explanation! Only thing you missed was, what trouble did you avoid by staying at home working firewood😂 Take Care and Stay Safe 🚜🪵👍🏼🇺🇸

Good exercise. What about knowing what the market will bear and how you sell it - bulk delivered, bundles, baskets. Delivery fee, yes or no?

Great info and explanations. I'd think basing equipment costs only on life expectancy and not also upfront costs would skew the numbers a bit. Maybe using average rental numbers, if there is such a thing, would be more revealing to true costs.

Great video. I guess my question would be, how much time are you saving with the better equipment vs the additional cost of that equipment? How long would it take you to make a cord of wood with just a chainsaw and a wood splitter, and still buying the logs? Also, meeting supply and demand does come with a cost and sometimes you have to take a hit on ROI to do so if you plan to grow the business. So, my question would also be, hobby or business for you at this point.

I used to work in IT for a company that was really good at calculating cost per hour to have me available. Using that info they made some rules. That company allowed busy employees to buy their own inkjet printer for their desk. My personal labor cost was so high, they figured within about 10 minutes I would cost more that a new crappy inkjet printer - so we were forbidden to even bother with them (we had corporate LaserJet for most work). Then I learned of the work of Michael Porter of Harvard, his work on supply chains fits right into this.

You have a great start for your Profit/Loss(p&L). There are other factors to consider what is right for you. Location? What is the average cord cost for your area? Your competition? Is there a less expensive way to buy or even get logs for free? Tree services have to pay dump fees? And the list can go on. It all boils down to supply and demand.

Let’s be honest about firewood. You can only make money with volume or you have to have a niche product that you can capitalize on or is your main money maker. If you paid yourself $20/hr plus insurance and workers comp you would have to make $500 per cord if you are delivering it. Most markets are not going to support that. You can definitely make a good living as a firewood producer but the reality is you are not getting paid for your real value. You have to love making wood to make it worth it. Just one other note that no one thinks about is to get maximum life of your equipment you will have some hefty maintenance bills. Hydraulic pumps fail, engines need to be rebuilt. You can’t figure your cost solely on depreciation. A percentage of profit has to be set aside for the unexpected break down. Good video though. 👍

Makes sense to me. Good video One question.. not sure if it's been asked, with the amount of cords you sell year by year, will the total be more than all the total expenses? I.e. 114k for equipment, 10k hrs worth fuel, etc etc. So on down the line,... will you produce enough wood in the time? If you know what I'm saying.

That was a really good approach to the costs. Not to be a bugger but been more informative if you had rough idea on what you sell a cord of wood for. The bundles from you road stands that is 5 and 20 bucks. How many of those equal a cord of would? I'm sure you mentioned that in previous videos. Thanks for sharing.

Adam, I was a business major so... thanks for the refresher course (send me a bill for the educationO ) as for what is your time worth, you were having fun so that should factor in , there is only a time cost if it is an oppertunity loss (in other words, what else would you be doing and did during that time frame and did it cost you anything for not doing those tasks during that periond of time_great video, thanks what you did not do say was how much you would take in for that 1.33 chords of wood.

I look at 'cost' of producing firewood in a whole different format: "Principle / Interest" (as in a bank CD). It cost me about $900 per 6 Cord of firewood as the 'Principle' amount invested. Selling that 6 cord at $1,800. That means I am making 100% 'interest' on the 'Principle'. Adam is getting about 80% 'Return' on his $167.75 (per cord; IF he sells at $300) investment. Try getting that kind of 'Return' on a CD at the local bank.

Hi Adam! Great video! I was just curious. How much do you charge for a cord a full cord of firewood? Thanks again for the great videos that you produce. I’ve been a subscriber almost since you began KZfaq.

I appreciate a number breakdown. I assume you have insurance policies on the excavator and tractor that are not factored in along with an overall larger policy for everything else.

I think you need to talk about how you sell your wood. For example you could just pile it on the groung and after it has seasoned use the bucket and fill your trailer and go dump a load at the costomer home. If you sell it in smaller quantities then there is more labor in stacking and filling the caddies and as you showed replitting oversized piecies. I've seen roadside stands that sell small bundles, they need more constant attention. I have also seen small bundles on specialized bags sold at retail stores. The amount of labor varies greatly depending on how you market your product. As stated by others you didnt mention taxes and financing cost if you borrowed to purchase you machines. You didnt say what you are selling your cords for. Kinda makes the whole excersize imcomplete. Still a good start at anylising basic cost of production.

Dump trailer ,truck,chain saw,sharpeners.totes too.all the side stuff.guess your throwing all that in now.

Great video. However you forgot Insurance on the equipment, and possibly Liability Insurance. Our Insurance doubled for 2022 from 2021. Insurance is now our biggest expense for our Sawmill operation.