Garden Value Formula:
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The garden value represents the total monetary worth of all plants in your garden based on their individual prices. This helps gardeners understand the investment value of their plants.
The calculator uses a simple formula:
Where:
Explanation: The calculation multiplies the quantity of plants by their individual value to determine total garden worth.
Details: Knowing your garden's value helps with insurance purposes, budgeting for future plant purchases, and understanding the return on your gardening investment.
Tips: Enter the number of plants and the average price per plant. For mixed gardens, you may need to calculate different plant types separately and sum the results.
Q1: Should I use retail or replacement value for plants?
A: For insurance purposes, use replacement value (what it would cost to buy the same plant today). For personal tracking, either method works.
Q2: How do I value plants that have grown significantly?
A: Mature plants often have higher value than newly purchased ones. Consider current size and market value for similar specimens.
Q3: Should I include soil and containers in this value?
A: This calculator focuses on plant value only. You may want to track containers and soil separately for a complete garden inventory.
Q4: How often should I update my garden valuation?
A: At least annually, or whenever you add significant new plants or when existing plants grow substantially.
Q5: What about perennials that spread or multiply?
A: Count each division or new plant that could be separated and sold individually.