Dollars & Sense
By: Katie McWhirter, Precision Ag Specialist
“Insanity: doing the same thing over and over again and expecting different results,” Albert Einstein. If you do what you’ve always done you will get, most often times, the same results. We know that commodity prices are not what they were. Land, and more importantly, rent prices, are not settling to where we think they should be. We simply can’t keep doing the same things we have done in the past in hopes of making it through the next few years; that is if we still want to be growing crops in the future. Especially considering the USDA’s long-term projections show corn under $4.00 through 2024. Maximizing the use of your data not only saves dollars but it just makes sense.
At a conference I attended recently, a speaker talked about how $7.00 corn created poor managers. With this in mind, I would venture to guess that less than 10% of growers really know what their cost per bushel is. You don’t sell acres, you sell bushels, so shouldn’t you be taking a stronger look at these numbers? And, not only looking at these numbers but being able to make management decisions based off of these figures. As we start our fourth year of ProVantage, we will have our first growers entering their costs into the system. This process should provide a more accurate, and a better understanding of their cost per bushel.
With variable rate technology virtually everywhere, it only makes sense to use it to increase overall efficiency. Not only does it allow you to better manage your inputs, and understand your yields but it gives you the tools for determining per bushel cost and maximizing ROI.
ProVantage, our data analysis program, is committed to helping you make sound decisions from the knowledge gained from your own data.
To maximize the use of your data and save your sanity, contact a ProVantage team member or a Stutsman Agronomy sales rep.
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