To answer that question, you must look at what impacts profit.
Profit = Income – Expense
The equation is simple at first glance. Dig a little deeper though and growers discover ways to improve a farm’s bottom line. For example, yield influences both the income and expense side of the profit equation.
That makes understanding yield a powerful tool for managing a farms profit.
There are not many options to control the price of an input such as seed or fertilizer. Most of the time the prices are dictated by the retailers.
Input rates, however, are adjustable and connected to yield. The more yield potential an area has; the more seed and fertilizer typically applied to that area. Input dollars spent are connected to how much yield an area can produce.
If yield data is being collected, then there is an opportunity to identify yield potential.
By exploring a field’s yield potential these questions often arise:
Do we push yields, correct issues, and improve profit?
Do we maintain yields, accept some issues are not correctable, and improve profit?
How about both? Depending on the field either may be a good choice.
Profit can be improved by fine-tuning the expense and income side of the equation. The proper management of yield potential allows this to happen.
Crop Quest provides an independent partner to share yield data with. Turn yield data into a valuable tool by allowing Crop Quest to evaluate yield limiting factors and recommend management strategies.
Yield monitors are essential to understanding how to maximize a field’s profit. More specifically, collecting yield data and not just viewing it on the monitor. If you have farmed a piece of ground for more than a season or two, more than likely, you have a yield map of that field in your head. Using a yield monitor takes that map from your head and puts it in a digital form; where it can be made to work for you.
Whether it’s through variable or flat rate applications, our goal is to work with you to continue to improve the management plan from season to season.
Have you collected yield data and never done anything with it? Let us help you get started with a free yield evaluation. Submit yield data to ViewMyYield.com for your free yield evaluation.