“Profit” is after labour costs. If you are the one selling the seeds, or managing the operation, you pay yourself for that work before profit.

It’s a funny example, because many of the “farm coops” that actually sell seeds and agriculture supplies are already non-profit structures.

Even debts to creditors supplying capital are before profit. Profit is the surplus that is un-earned, and the direct result of charging more than necessary, or under-paying for supplies, labour, or capital.