Peony Cut Flower Production Budget, One High Tunnel, Northern Utah, 2020

This enterprise budget contains costs (preplant and site preparation, establishment and maintenance, harvest and processing) and returns for the production and sale of peony cut flowers that were grown in a high tunnel (14 feet by 42 feet). Peonies are a perennial crop that require at least three years for establishment and produce in years 4-20. The costs are representative, but should be adjusted where necessary for individual situations. The net income resulting from stems sold at a price of $5.00 per high-quality stem (100% sold) and $2.00 per low quality stem (80% sold) is $997.36 ($1.70 per sq. ft) per year. The use of early cultivars with high tunnels allows for early production that supplies key holiday markets, such as Mother\u27s Day