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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's Day.



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