Costing & Profitability Analysis Independent assessment to support confident decisions The Andersons Centre delivers impartial, evidence-based costing and profitability analysis to help clients understand the true financial performance of farm enterprises, agricultural supply chains, and related sectors. Our transparent methods and real-world agricultural expertise ensure that findings are robust, relevant, and actionable. By separating fact from perception, we give businesses, industry bodies, and policymakers a clear view of cost structures, profit margins, and the factors driving change. This provides an objective foundation for strategy, negotiation, and operational improvement. What We Offer Our service delivers clear, defensible analysis tailored to your needs. It can include: Independent cost breakdowns for enterprises, products, or services Profitability analysis at gross and net margin levels Overhead and fixed cost allocation with transparent assumptions Scenario modelling to test the impact of price, policy, or operational changes Benchmarking using verified data from The Andersons Centre’s own research programmes Actionable recommendations based on evidence, not opinion Why Clients Value Our Analysis 1Benefit from impartial evidence Built on 50 years of agricultural costings expertise, including the industry-renowned Nix Farm Management Pocketbook and Agricultural Budgeting and Costings Book. 2Understand the true cost base of agricultural supply-chains: Using robust and transparent methodology 3Strengthen policy or negotiating positions: With credible, third-party data 4Benchmark accurately: Against trusted sector and regional datasets 5Identify targeted improvements: Without being influenced by vested interests 6Support long-term resilience: By understanding how costs and profitability respond to change Who We Work With Farm businesses and agri-food companiesCo-operatives and producer organisationsPolicy-makers and public bodiesFinancial institutions and investorsSupply chain managers and processorsSector representative groups Example Projects 1Costing the Impact of Non-Tariff MeasuresModelling the cost impacts of non-tariff measures on over 70 agri-food and fisheries products exported from the UK to the EU.2Calculating the Cost Impacts of Wayleaves on Agricultural LandOver several years, The Andersons Centre has created transparent, evidence-based models for wayleave payments on UK agricultural land, updating them annually to reflect cost changes and operational practices. We have provided guidance on rate adjustments, covering time loss, area loss, yield impacts, and safety obligations to ensure fair compensation frameworks and compliance.3Independent Cost Review for Premium Beef ProductionConducted an independent review of the cost of production for a premium beef category, using a model developed by a third-party consultancy on behalf of a supply partner. This was undertaken for a major retailer to verify that submitted costs are fair and accurate and that any differences compared to standard beef production costs are justified. The review covered all production stages, from calf rearing through to growing and finishing. Do you need to verify cost structures, benchmark sector performance? To discuss your requirements or request examples of previous studies, please complete our enquiry form or contact our team directly. Key Contacts Richard King MRICS FAAV Partner & Head of Business Research Costing & Profitability Analysis Partner & Head of Business Research Richard was bought up on a mixed family farm on the Oxfordshire/ Buckinghamshire borders. He attended Harper Adams College, Shropshire and gained a BSc (Hons) in Rural Enterprise and Land Management and qualified as a Chartered Surveyor in 1997. Richard joined Andersons Research team in Melton Mowbray in 1998. The team analyses and interprets agricultural policy and market developments, and provides specialist business research, training, briefings, and publishes information. He became editor of the Agricultural Budgeting and Costing Book in 2000 and joined the Andersons Centre Partnership in 2003. He is a member of the CAAV’s Farming and Environment Committee. On a personal level he is married with three daughters. His interests include watching low-quality football (supporting Oxford United), and playing golf and squash badly. Qualifications & Experience 2009 – Present Day - Chairman of the CAAV Grants and Regulation Committee 2000 – Present Day - Editor of the Agricultural Budgeting and Costings Book. 1999 – Present Day - Elected Fellow of the Association of Agricultural Valuers 1998 – Present Day - Farm Business Research Consultant at Andersons’ Head Office 1997 – Present Day - Elected Associate of the Royal Institution of Chartered Surveyors 1995-1997 – Adkin Chartered Surveyors and Land Agents, Abingdon 1991-1995 – BSc (Hons) in Rural Enterprise and Land Management, Harper Adams College, Shropshire Areas of Expertise Basic Payment Scheme (BPS) and Agri-environment Schemes Agricultural Literature and Farmer Meetings Farmer Supply Chain Relationships Budgeting and Costing Information Agricultural Market Analysis and Industry Forecasting CAP Reform and Policy Analysis Research Projects and Commissioned Studies Seminars, Briefing and Training Corporate Strategy Advice Publications Editor of the Agricultural Budgeting and Costing Book Editor of ABC Professional Update, Andersons Agribrief Service, and Andersons Outlook Michael Haverty Partner & Senior Research Consultant Costing & Profitability Analysis Partner & Senior Research Consultant Michael is a Partner and Senior Research Consultant at The Andersons Centre, specialising in market development, international trade, agri-food policy, and environmental issues. He has led numerous trade policy research projects across a wide range of UK farming sectors, including assessments of non-tariff measures and free trade agreements on UK agri-food. Michael has also managed several projects focused on greenhouse gas emissions and the environmental impact of farming. He previously worked with IHS (now S&P Global), JFC Agri and the European Commission. Michael comes from a livestock farming background in Ireland and holds a BSc (Hons) in Agricultural Economics and Management from Queen’s University Belfast, as well as an MSc in International Agricultural and Food Marketing from Newcastle University. Qualifications & Experience 2019 to date - Partner of The Andersons Centre Joined Andersons in 2015 15 years’ experience in leading analytical and consulting projects across numerous international markets within Europe, the Americas and Asia Previously worked in marketing and policy-related roles with Syngenta, JFC Agri, Newcastle University and the European Commission Delivered numerous reports and conference presentations concerning Brexit and the impact of tariff and non-tariff measures Advanced French speaker BSc (Hons) Agricultural Economics & Management, Queen’s University Belfast; MSc International Agricultural & Food Marketing, Newcastle University Areas of Expertise Agricultural Market Analysis and Industry Forecasting Agri-Food Trade Analysis Market Research and Competitor Analysis Environmental and Greenhouse Gas Assessments Situation and Outlook Analysis International Market Assessments Customised Research and Consulting Seminars, Briefings and Training Publications Haverty, M. and Grainger, A. (2025) Quantifying Non-Tariff Measures on GB to EU Agri-Food, Plant Products and Fisheries Trade Haverty, M. (2017) Impact of WTO Trading on the Northern Ireland Beef and Sheep Meat Industry, Report for the Livestock and Meat Commission (LMC), in collaboration with the Northern Ireland Meat Exporters Association (NIMEA). The Anderson’s Centre, Melton Mowbray. Haverty, M. (2016) What Brexit Means for the UK Agricultural Sector Redman, G. and Haverty, M. (2016) Crop Area Trends in Scandinavia and the UK Haverty, M. and Redman, G. (2015) Biostimulants in the UK Haverty, M. and Gorton, M. (2006) Integrating Marketing Orientation and Competitive Benchmarking: A Methodological Framework and Application. Total Quality Management and Business Excellence Franks, J.R. and Haverty, M.J.P. (2005) Benchmarking Farm Enterprises. Journal of Farm Management James Webster-Rusk Senior Agribusiness Analyst Costing & Profitability Analysis Senior Agribusiness Analyst James Webster-Rusk is a Senior Agribusiness Analyst at The Andersons Centre, specialising in combinable crop and root markets. He supports clients across the pre- and post-farmgate arable sector by providing clarity on how market movements, policy decisions and environmental pressures influence their supply chains. His work includes developing cost-of-production models to aid price discovery in opaque markets across the UK and Northern Europe. James has also contributed extensively to the analysis and costing of UK farm support policy. Before joining The Andersons Centre, he worked for the Agriculture and Horticulture Development Board (AHDB), focusing on cereal and oilseed market analysis. James grew up on a small arable farm in Suffolk, he holds a degree in Economics from the University of Hertfordshire. In 2026, he will take part in the GB Potatoes Industry Development Programme. Qualifications & Experience Joined Andersons in October 2021 Five years working in cereal and oilseed market intelligence for the Agriculture and Horticulture Development Board (AHDB). Including three years as a Senior Cereals and Oilseeds Market Analyst. Speaker at a number of high profile AHDB conferences and events. BA (Hons) Economics Previous farm work for arable and livestock business. Areas of Expertise Specialist in Grain and Arable farming Data analysis, information identification Network creation and development Process orientated, experienced at organising dat Graham Redman Partner Costing & Profitability Analysis Partner Graham Redman is a Partner of The Andersons Centre, Director of Agro Business Consultants and author of the Nix Farm Management Pocketbook. He has worked as an agricultural economist at The Andersons Centre since 2004, providing specialist agri-business research services to both public and private sector clients. Before joining Andersons, Graham served as an economist for a major agricultural merchant, where he offered guidance primarily on grain and animal feed markets. Prior to that, he worked as a farm management consultant for a national firm operating in Central and Southern England. His experience spans several types of farming enterprises. Graham holds agricultural degrees from the Universities of Leeds and Reading. He is also: An Associate of the Royal Agricultural Society A Board Member of the Processors and Growers Research Organisation (PGRO) A Council Member and Professional Fellow of the Institute of Agricultural Management A Chartered Environmentalist A Member of the Agricultural Economics Society A active member of the Farmers’ Club Qualifications & Experience Partner of The Andersons Centre – 2010 to date Research Economist in The Andersons Centre Research Team – 2004 to date Editor of the John Nix Pocketbook – 2008 to date MSc in Agricultural Management and Economics – Reading University (1992-1993) BSc in Animal Science - Leeds University (1988-1991) Economist for major agricultural merchant (Banks Cargill Agriculture) – 1998 to 2004 Farm business consultant for farm management advisors (Laurence Gould Partnership) Southern and Central England – 1993 to 1998 Areas of Expertise Farmer Supply Chain Relationships Budgeting and Costing Information Agricultural Market Analysis and Industry Forecasting CAP Reform and Policy Analysis Research Projects and Commissioned Studies Seminars, Briefing and Training Publications Editor of the John Nix Farm Management Pocketbook Contributor to the Professional Update agricultural briefing Entrepreneurialism, the kiss of life for British Farmers? Oxford Farming Conference Report Jan 2016 The Best of British Farmers, what gives them the edge? Oxford Farming Conference Report Jan 2015 A Detailed Economic Assessment of Anaerobic Digestion and its Suitability to UK Farming and Waste Systems. Chartered Environmentalist and Council member of the Institute of the Agricultural management (IAgrM) Active member of the Farmers' Club Redman. G., & Benton. T. (2025). Published: AHDB UK Food Security and What it means for the Farming Community Caroline Ingamells MRICS Senior Business Research Consultant Costing & Profitability Analysis Senior Business Research Consultant Caroline is a Senior Research Consultant at The Andersons Centre. She is a specialist adviser on agricultural policy and its implications for farmers and landowners. She helps to compile both the Agricultural Budgeting & Costing Book and the Nix Farm Management Pocketbook. In addition, she is also a key contributor to Andersons’ monthly bulletins. Caroline is involved in the family farm with her husband, which encompasses both livestock and cropping operations. She holds a BSc (Hons) in Rural Land Management and is also a Member of the Royal Institution of Charted Surveyors (MRICS). Qualifications & Experience 2008 – Present day - Farm Business Research Consultant at The Andersons Centre 1999 – 2005 - Farm Business Research Consultant at The Andersons Centre 1994 - 1999 – Shouler & Son, Chartered Surveyors, Auctioneers and Land Agents, Melton Mowbray 1996 – Associate Member of the Royal Institution of Chartered Surveyors 1991 – 1994 – BSc (Honours ) in Rural Land Management, Royal Agricultural College, Cirencester 1990 – 1991 – Working on a mixed farm in Lincolnshire (pre-college year) Areas of Expertise Agricultural Regulation and Compliance Farm Business Tenancies & Grazing Licenses Basic Payment Scheme (BPS) and Agri-environment Schemes Budgeting and Costing Information Agricultural Market Analysis and Industry Forecasting CAP Reform and Policy Analysis
