Viewing your field’s profitability with AgSolver in Incompass
Jul 08, 2020
AgSolver, a new feature available in Incompass allows growers to see their field in ways they never have before. AgSolver takes all the data that you have been collecting for years and using it to see the true profitability of your farming operation.
AgSolver is looking at things other than just did my fields yield more than they did last year but what was my fields profit down to the 3 meter by 3 meter square? It’s giving the growers a tool to make decisions for their operation on things like “Does variable rate pay?”, “Is it worth making a fungicide application?”, and “Which nitrogen rate makes me the most profit?” As an industry we have always contributed yield as being successful on a field. This is not always the case depending on the expenses it’s taking you to get to that yield. With this tool you can measure success with true profitability and ROI on your dollars that are being spent.
Using the field below as an example, we see that the field made 64 bushels of soybeans to the acre. Average profit was $110.02 and the field had a strong ROI 26.7%. At the same time, we had an acreage opportunity ration of 14.3%, meaning we had 14.3% of this field that was either losing money or breaking even. This equates to $2089.60 that we’re spending and not getting a return on investment. We also can see that our breakeven price is $7.29 and based on the inputted sale price this field will profit $3808.61
AgSolver is looking at things other than just did my fields yield more than they did last year but what was my fields profit down to the 3 meter by 3 meter square? It’s giving the growers a tool to make decisions for their operation on things like “Does variable rate pay?”, “Is it worth making a fungicide application?”, and “Which nitrogen rate makes me the most profit?” As an industry we have always contributed yield as being successful on a field. This is not always the case depending on the expenses it’s taking you to get to that yield. With this tool you can measure success with true profitability and ROI on your dollars that are being spent.
Using the field below as an example, we see that the field made 64 bushels of soybeans to the acre. Average profit was $110.02 and the field had a strong ROI 26.7%. At the same time, we had an acreage opportunity ration of 14.3%, meaning we had 14.3% of this field that was either losing money or breaking even. This equates to $2089.60 that we’re spending and not getting a return on investment. We also can see that our breakeven price is $7.29 and based on the inputted sale price this field will profit $3808.61