First off I agree with the what they eat is what I end up eating too so try to stay with the natural foods like veggie, bugs, etc. I’m not a purist though. I do the best I reasonable can.
Ok the insect control part of grass works like this: when you add grass to the plant soil (I use a thin circle at the drip line) the plant sense the presence of a bug. It sends out its defenses. But of course there’s not really a live bug. Now a real bug comes along and poops. The plant senses it faster and sends out its defenses faster as it’s a ‘been there, done that’ reaction. It’s exactly how vaccines work.
I do re-frass every few weeks or if it rains pretty good. I have seen my plants decline and get bug attacked if I forget the frass them. The difference really is amazing.
Since I have chickens (duh) I’m using the whole mealworm cycle effectively and efficiently. The mealworms as chicken food, the frass to help my plants, the beetles lay the eggs and I feed the dead ones to the chickens too, and the eggs to keep the cycle going.
I feed the mealies older veggies that I get from a free source of my garden so no cost there. I bought 5,000 mealies from Rainbow Mealworms in California 2 years ago. Cost me $40 total at the time. Honestly 5000 was more than needed even with the learning curve losses but it was negligible for that amount given that shipping was half the total. I had over 12 bins of mealies at one time. Since I also had (still have as a small business) red wiggler worms I couldn’t keep up with caregiving. So I slowly decreased my mealie bins over several months by feeding them out more to the chickens. I am actually now in the process of ramping them up again so I can increase the feed out to my chickens.
The biggest out of pocket cost I have is bedding. I do buy wheat bran at TSC, bake it to kill grain mites, and store airtight until I use it. I haven’t bought any wheat bran in over 6 months so I don’t know current pricing. But a 50# bag lasts a very long time.
I also will bake and grind layer feed, oats, crackers, etc to use as bedding and food substrate for the mealies. Those items however I get free or really cheap.
I feel very good about my very modest investment in mealworms as the value I’ve gotten out of them. YMMV.