Episode 317: Fee Here Now: Collecting Market Rent

Bookkeeping is yet another of the many hats that farmers market managers wear. There are so many formulas for setting space rent at markets and, especially post-Covid, a whole variety of ways to manage calculating and actually collecting those fees. Do you use a market management program with built in invoicing? Are you adding up percentages of sales and handling cash at the market? Either way, there's plenty to consider and to communicate to make sure things run smoothly. Let's talk about:

• Pros and cons of flat fees and percentage of sales rates

• Calculating processing fees vs labor costs

• Reimbursing for nutrition incentives 

• Understanding penalties for missing markets or late payments 

• Building trust with clear communication