Through simple-to-use digital tool, farmers can get 2021 profitability estimates within minutes.
Granular, a Corteva Agriscience™ company, is Farm Management Software (FMS) has created a proprietary Corn vs Soybeans Calculator to help farmers with their decision to rotate or not. It is estimated that around 20% of traditional corn-corn acres remain undecided, and taking into account certain agronomic and geographical factors, optimal rotation for 2021 profitability may be different than recent years. By leveraging this free, simple-to-use digital tool, powered by Granular’s algorithms and data from local universities, farmers can get 2021 profitability estimates within minutes.
“Corn versus beans is a perennial debate, and we’ve put more than 1.1 billion pixels into this analysis, so we’re confident it’s thorough. Because so many farmers still have acreage undecided for 2021, and we saw the highest bean prices in November since 2016, we created the Corn vs Soybeans Calculator to help them make data-backed decisions on what’s right for their operation,” said Chris Seifert, Head of Digital Agriculture Data Science with Corteva Agriscience.
The differentiator between this calculator, and potentially others available, is that it is directly correlated with the millions of acres of continuous cropping data that helps Granular more accurately predict the potential yield penalty than existing research based on field trials alone. The digitization of data sets at scale gives the agriculture industry the opportunity to truly understand limiting factors toward profitability and helps farmers understand how to achieve the greatest returns on their investments.
Farmers know that to ensure profitability they must meticulously track their numbers. For efficiency, having all of the farm data in one system that provides up-to-date insights and analysis allows farmers to understand field-by-field profitability. The calculator accounts for the expected yield penalty for repeat crops (based on state) as well as the anticipated cost increase for the suggested mitigation strategies. Budget costs are calculated using numbers provided by local state universities, and the crop price is the prior day’s market closing cost, updated daily via Barchart™.
