Brad Schuett, CCA, CCS, Area Agronomy Sales Manager

Operating on a budget is essential for our livelihoods both personally and professionally. Whether it’s at home or work knowing where you are spending your money vs revenue coming in is crucial to your longevity. While some can do this math in their head others use excel spreadsheets or calculators to track these numbers. Now relating this back to production agriculture, with markets for corn and soybeans at higher prices than years past 2021 looks to be easier to pencil black ink. This should help being profitable easier but still important to track none the less.

The FS Profit Maximizer is a tool that can help us determine what that profitability looks like specific to your individual operation. With the help of the FS Profit Maximizer, we are able to account of all expenses needed to grow a crop and use this data to determine break evens and ultimately a positive return on investment for your operation. It even goes one step further by comparing how changing your inputs $20/bag, $30/ton, or $10/gal for example would impact your bottom line.$20/ton price difference on a ton of Potash seems a lot to overcome, but ultimately effects your grain marketing strategy by a penny a bushel. Compared to negotiating $20-$25/ac on land costs that changes your grain marketing strategy $.13/bu.

The FS Profit Maximizer provides a professional report with such scenarios, but not limited to, personally tailored to your operation exclusively for you. When sitting down with your FS Crop Specialist, you are able to enter in your fertility, chemical, seed, labor, equipment, land, and even insurance expenses to get a full snapshot of where your money is going.

With setting a yield goal and end marketing target price, we are able to see potential areas where we are spending too much vs other areas of opportunity to capture more income. These reports are so complete and professionally laid out many growers have gone as far as supplying these to lenders to support the need for funds showing potential positive ROI.

So, with the potential of increased profitability does this open the door back up to investigate new products we might not have tried or considered in the past? The past few seasons we have hunkered down into survival mode but now do we have the opportunity to learn with practical on farm discovery? With using FS Profit Maximizer, we are able to explore what the additional cost of production would be with implementing new products or management ideas and then weigh them against expected yield gains. This again allows us to look for ways to grow bushels more efficiently and profitably and put into action the ideas we have kicked around the past few seasons. Don’t miss the chance to evaluate your operation financials thru the FS Profit Maximizer. Your local FS Crop Specialist would be happy to sit down with you and continue to bring you what’s next.