Economics of Precision Ag Tim Norris – Ag Info Tech, LLC.

Slides:



Advertisements
Similar presentations
Precision Planting Steven Snelson. Precision  Definition of precision-  Webster’s defines precision as “the quality or state of being precise”  They.
Advertisements


Sensor-based Nitrogen Application – Converting Research to Practicality Brent Rendel Rendel Farms Miami, Oklahoma.
CATO ANALYTICS, LLC WITH FUNDING FROM THE NEW YORK FARM VIABILITY INSTITUTE. ESTABLISHING ENERGY SORGHUM AS A PROFITABLE CASH CROP IN NEW YORK STATE.
By Drew Schroeder. In this Presentation: GPS What is it?? GPS How it works GPS Cost/Payback Soil Sampling Soil Maps Combining GPS with Soil Sampling.
WHAT’S PRECISION WORTH?
Cost Analysis of Using Soil Electrical Conductivity Information for Precision Management in Cotton Production J.A. Larson R.K. Roberts B.C. English C.
Presented By: Scott Clark SOIL 4213
Economics of Precision Agriculture, What Technologies are Being Adopted and Why Danny Dallas Soil 4213.
New Technology and Strategies for Nitrogen Management.
West Hills College Farm of the Future. West Hills College Farm of the Future Precision Agriculture – Lesson 5 What is Precision Agriculture?? Managing.
Sensors for Mapping Soil pH Eric Lund, Veris Technologies, Salina, KS Sensors for Crop Management Conference Stillwater OK January 17, 2008.
Corn Plot Overview Jared Shippey Ben Logan. General Information  Planted 5/30/08  Hybrid – Pioneer 38B87 – 94 days  Planted population 35,000  Manure.
Precision Farming System Tim Sharp Jackson State College Jackson, TN.
Partial Budgeting. Problem #1 Added Costs Reduced Returns Sub Total Added Returns Reduced Costs Sub Total Change in Net Income.
Economically Raising Nitrogen Use Efficiency By: Paul Hodgen.
Variable-Rate N Fertilization of Wheat and Corn in the Mid-Atlantic Variable-Rate N Fertilization of Wheat and Corn in the Mid-Atlantic Wade Thomason,
Delineating Zones for Variable rate Seeding a Fertility Mgt. Chad Godsey Godsey Precision Ag.
Michigan Precision Farming Survey Roger Brook, Ph.D. Agricultural Engineering Dept. Michigan State University Presentation for Agricultural Engineering.
Precision Ag and Conservation Precision Ag Technologies are most often developed to increase efficiency and decrease input cost However, they provide great.
Ag Leader Crop Sensors. May 2008 announced worldwide distribution of Holland Scientific (HS) crop sensor Holland Scientific Crop Sensor Commercializing.
Sensors vs. Map Based Precision Farming Chris Sechrest.
Variable Rate Technology Brian Montgomery InTime, Inc Director, Marketing and Customer Relations.
Nutrient Management: Ways to Save Money, From Simple to High Tech Brian Arnall Precision Nutrient Management Plant and Soil Sciences Department Oklahoma.
Economics of Crop Production. The Three Components of Profit Crop Yield Production Cost Selling Price Received.
The Importance of Precision Ag in Custom Operations Trindle Brueggen.
Economics of Variable Applied Nitrogen Fertilizer By Brad W Collier.
Technology for Crop Production John Nowatzki Extension Ag Machine Systems Specialist.
Current Feed Situation and Outlook
Variable Rate Nitrogen Application in Corn Production
Exactrix Producer Meeting December 7,2016
Nutrient Management: Ways to Save Money, From Simple to High Tech
Development of a Response Index for Corn
Evaluation of Pre-Side Dress Nitrate Test for Corn in Minnesota
What is this?.
Associate Professor/Crop Markets Specialist
Associate Professor/Crop Markets Specialist
Impact of Drought of 2012 on Crop Yields
Precision Agriculture
Crop Market Outlook Iowa Institute for Cooperatives Annual Meeting
Associate Professor/Crop Marketing Specialist
2012 Crop Market Price Outlook
Associate Professor/Grain Markets Specialist
Crop Market Outlook for 2016 and Beyond
2011 Crop Market Outlook Coleman Research Group Presentation
2013/14 Crop Market Outlook ProAg Meetings
Current Feed Situation and Outlook
Associate Professor/Crop Marketing Specialist
Associate Professor/Crop Markets Specialist
Marketing Update for 2014 and Beyond
2013/14 Crop Market Outlook Iowa Institute for Cooperatives Annual Meeting Ames, Iowa Nov. 26, 2013 Chad Hart Associate Professor/Crop Markets Specialist.
Associate Professor/Crop Marketing Specialist
Associate Professor/Crop Marketing Specialist
Associate Professor/Crop Markets Specialist
2013/14 Crop Market Outlook 27th Annual Tri-State Agricultural Lenders Seminar Dubuque, IA Oct. 30, 2013 Chad Hart Associate Professor/Crop Markets Specialist.
Associate Professor/Crop Marketing Specialist
Market Outlook ISU Extension Swine In-Service Ames, Iowa Mar. 29, 2012
2013/14 Crop Market Outlook Insuring Iowa’s Agriculture Ames, IA
Crop Market Outlook Returning to the Farm Seminar Ames, Iowa
Grain Price Forecasts and the Implications for Animal Agriculture
2012 Crop Market Outlook Coleman Research Group Presentation
How Do You Like Your Markets, Wet or Dry?
Associate Professor/Crop Markets Specialist
Associate Professor/Crop Marketing Specialist
Associate Professor/Crop Markets Specialist
Associate Professor/Crop Marketing Specialist
Crop Market Outlook Think Tank for Animal Agriculture Ames, Iowa
Economics of Crop Production
Associate Professor/Crop Marketing Specialist
Associate Professor/Crop Marketing Specialist
Presentation transcript:

Economics of Precision Ag Tim Norris – Ag Info Tech, LLC.

How much nitrogen should we put down at side dress? I typically put 20 gals 28% as a carrier for the herbicide. 60 units of N. –Not stabilized and it is spread on top of the ground. Starter – I am not using any. Map is variable rate spread with rates from Zero to 400 lbs. 0 to 44 lbs. of N Organic Matter is 1.2% to 3.5%. Organic N is 24 – 70 lbs. Total N before side dress is 84 to 174 lbs. to the acre.

How much nitrogen should we put down at side dress? How much denitrification has occurred? Is there more organic N there than we think? So what is the correct rate? What would 10 extra gals of 28% cost me? ton, it would be $18.14 acre. How much yield would I lose if I were 10 gals short? Do you want to rely on a crap shoot?

2011 Test Parameters 28% $340 ton $6.00 bu. Applied in a band with Ag Leader OptRx and DirectCommand on a Case Sprayer Applications were performed in the V6-V8 growth stages 25 Gal 28% down at planting

Hardscrabble Farms Delaware, Ohio Schnipke Farm Test A –Straight Rate Gal. = bu./acre –OptRx Ave Rate = bu./acre –Saved 8.52 gals. 28% for a savings of $15.42 –Yielded bu. more, an increase of $61.92 –Total Return Per Acre $77.34

Yield Map Red Low Green High OptRx Used Here Straight Rate 35 GPA Here

Hardscrabble Farms Delaware, Ohio Home Farm Test A –Straight Rate Gal. = bu./acre –OptRx Ave Rate = bu./acre –Saved -2.3gals. 28% for a savings of -$4.16 –Yielded 16.2 bu. more for an increase of $97.20 –Total Return Per Acre $93.04

Hardscrabble Farms Delaware, Ohio Schnipke Farm Test B –Straight Rate Gal. = bu./acre –Straight Rate Gal. = bu./acre –Straight Rate Gal. = bu./acre –OptRx Ave Rate = bu./acre

Hardscrabble Farms Delaware, Ohio Schnipke Farm Test B –28% Savings compared to OptRx gal. average rate Rate Gal Over OptRx$ OptRx Adv. –25.04 gal.1.45 gal. $2.62 –29.81 gal.6.22 gal. $11.25 –34.38 gal gal. $19.52

Hardscrabble Farms Delaware, Ohio Schnipke Farm Test B –Yield Advantage of OptRx Bu. compared to straight rates Rate Yield dif. $ OptRx Adv. –25.04 gal bu. $69.24 –29.81 gal.4.59 bu. $27.54 –34.38 gal bu. $ 6.90

Hardscrabble Farms Delaware, Ohio Schnipke Farm Test B –Total OptRx Advantage Rate $ OptRx Adv. –25.04 gal. $71.86 –29.81 gal. $38.79 –34.38 gal. $26.42

Hardscrabble Farms Delaware, Ohio Home Farm Test B –Straight Rate Gal. = bu./acre –Straight Rate Gal. = bu./acre –OptRx Ave Rate = bu./acre

Hardscrabble Farms Delaware, Ohio Home Farm Test B –28% Savings compared to OptRx gal. average rate Rate Gal Over OptRx$ OptRx Adv. –25.05 gal gal. -$9.84 –29.66 gal gal. -$1.50

Hardscrabble Farms Delaware, Ohio Home Farm Test B –Yield Advantage of OptRx Bu. compared to straight rates Rate Yield dif. $ OptRx Adv. –25.05 gal bu. $80.34 –29.66 gal bu. $86.40

Hardscrabble Farms Delaware, Ohio Schnipke Farm Test B –Total OptRx Advantage Rate $ OptRx Adv. –25.05 gal. $70.51 –29.66 gal. $84.90

Hardscrabble Farms Delaware, Ohio Average OptRx Advantage for 2011 $66.12 per acre.

With a $21,500 Investment What Is My ROI? 500 acres of corn at $49.62 per acre = $24,810 annually payback in 1 year. 500 acres of corn at a $20 per acre = $10,000 annually payback in 2.5 years. If you already have a display and GPS you have half the cost.

High Clearance Application Alternatives High clearance coulter injector. Dribble with high clearance sprayer. Spread stabilized urea or other source on dry N with high clearance spreader.

Take home message The technology is here. It has been proven to be an active prediction of plant stress. That prediction when compared to a N rich strip will provide a fairly accurate prediction of what the crops nitrogen needs are. Responses we have seen show that the sensors will pay for themselves quickly. The two years I showed were wet springs.