Farmers (and Farmland) Reveal Insights About 2014

 
Farmers (and Farmland) Reveal Insights About 2014

Farm surveys and data collection are two of the best ways to get answers about the agriculture industry. More than 1,300 farmers answered the latest survey from Farm Journal Media and shared great insights about how their year went.

For example, the most common challenges this year that farmers reported were:

  1. Resistant weeds (33.6%)
  2. Resistant rootworms (23.0%)
  3. Early frost damage (18.1%)
  4. Lodging issues (14.2%)

And while the U.S. is wrapping up a record-breaking harvest, farmers say they still would have made some minor adjustments this year if they had it to do all over again, including:

  1. Added on-farm storage (30.6%)
  2. Planted earlier (22.2%)
  3. Installed field tile (16.2%)
  4. Harvested earlier (10.2%)

Click here for more farmer insights from this survey.

Meantime, FarmLink has captured insights in a much different manner. The company collected yield data the past four years from a fleet of 200 combines that are leased by a subsidiary company, ManchineryLink. The combines harvested more than 6 million corn, soybean and wheat acres in 26 states and took “micro-field” (150 square feet) data snapshots as they harvested.

FarmLink then analyzed the 800 million micro-fields and compared it to land with similar conditions. Each micro-field is then assigned a TrueHarvest percentile score based on yield versus its micro-field “peers.”

“A lot of yield maps show you what the yield was, but it doesn’t show you the potential of that acre,” says Brent Schipper, a TrueHarvest subscriber who farms near Conrad, Iowa. “Benchmarking and yield gap maps provided by TrueHarvest, allows you to see where maybe you should put some extra inputs, or instead of putting them on one acre, shift them over additional acreage and be more responsible with what you are using.”

Ron LeMay, chairman and CEO of FarmLink, says the ultimate goal is moving the needle one micro-field at at a time. And little changes on a wide scale do really add up, he says.

“Our analysis shows that if land performing at the 50th percentile had performed at the level of peers producing at the 75th percentile, American growers could have harvested and sold nearly $10 billion more, which would have contributed to profitability.”

Click here for a state-by-state revenue improvement opportunities according to FarmLink.

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Comments

 
Spell Check

Jeff Timm
Dupont, IN
1/15/2015 05:58 AM
 

  Why should we spend even more money trying to produce a little bit more which in turn drives the prices even lower? I think everyone needs to take it down a couple notches for a few years.

 
 
Dave
Walton, IN
1/15/2015 07:57 AM
 

  It all depends on the ROI. I don't invest in the "latest toy" just to keep up with the guy next door. Drones are a perfect example. Very little ROI in my book, just a neat toy that will tick off your neighbor when you fly over his house and barns spying on him. Marketing is the #1 payback along with excepted farming practices. Chasing mythical "potential" when the technology is still in its infancy is questionable. Just my two cents.

 
 

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