Easy methods to Get the Greatest Bang for Your Tech Buck

VARIABLE FATE

North Dakota State University precision ag professor John Nowatzki suggested a strong market might be a time for farmers to invest in equipment that will allow them to better weather the weather.

“One of the things that interests me is strip tilling, and using strip till in the fall so they can plant in the spring, particularly if they’re having dryer seasons,” he said. “I know that’s not something they can do every year, but if they have an extra $100,000, that would be something to look at.”

Preserving soil moisture is an issue that varies by region, but one that’s proven critically important in Nowatzki’s drought-wracked home state.

He also eyeballed soil testing coupled with variable-rate fertilizer application as a way for farmers to spend money to save money. In one of his classes, they came across a 75-acre field in central North Dakota that had about 10 acres in the middle that always produced about half of the average yield of the field.

“We did some soil testing and there’s a shale barrier down about a foot, so the roots don’t get down,” Nowatzki said. “It just makes no sense to put the same rate of fertilizer across that whole field. If you can save money there, it’s going to pay for the equipment you use to do variable rate and for gathering the data to get those zones established.” (To read more on agronomic investments farmers are making, please read the second story of this series here: https://www.dtnpf.com/….)

BUYING FOR THE BOOKS

Steve Arnold, who farms wheat and milo in southwest Kansas, has invested in nearly every technological trend that’s come along in the last three decades. He’s an early adopter in the extreme.

“I could start a museum,” he said with a laugh.

He hesitated to suggest if any of it ever brought significant rate of return, at least something that would show up in his bank account.

“A lot of times when you’re going after technology, you buy it because it might make life easier,” he said. “Think about autosteer. It took a lot of stress out. You could run after dark, things you couldn’t do with a marker. But it’s kind of hard to put numbers on what it’s worth to you.”

In that sense, perhaps an investment in automation and guidance can compare to an investment in a new in-cab stereo, a cushier seat or even a better water jug.

His answer to the question wasn’t the newest bit of microchip wizardry or something that even goes to the field, however.

“I’d lean toward automated accounting and record keeping,” he said.

That, too, may come down to comfort. He said the system he and his wife, Kathleen, have used for years can leave them both frustrated because they can’t be logged in at the same time. He’s experimenting with a program from Traction Ag, an Indiana-based ag startup software company that’s barely a year old. Its program can be used on mobile and desktop and promises to track field profitability and record expenses on the go.

“A lot of accounting software doesn’t really have all the nooks and crannies for use on the farm,” Arnold said. “They might work pretty well for someone who’s getting a steady weekly income, but they don’t work as well when you’re buying a lot of supplies in one season and carrying some over to the next, for instance.”

BEWARE IN THE AIR

So, what should farmers be wary of? They don’t cost as much as a new tractor — or even some tractor parts — but Griffin warned against investment in aerial image drones at this point, not because they can’t be useful, but that they aren’t yet.

“There’s no magic that flying over a field will make the corn grow better,” he said. “They’re almost like yield monitors, but not as useful. It’s after-the-fact information, what went wrong last year, but not usually telling you something we can make use of this season. They’re nearly a perfect substitute for an airplane, which is nearly a perfect substitute for a satellite. We have satellite data going back 60 years, and we have yet to use any of those platforms in a widespread production sense. The research has not caught up yet.”

An aerial camera drone might have one use, though.

“The best use I’ve seen for them is putting something on social media,” Griffin said. “Flying around the combine or the sprayer, it makes a nice, fun video and those can be used for farm management. If you’re in an area that has a fierce market for farmland and you’re trying to attract landowners, that might help.”

**

Editor’s Note:

This is the final story in a six-part special series exploring ways farmers can use current commodity prices to their long-term advantage.

You can read more about price outlook in the first article of this series, “Farm Revenue Driven by Chinese Demand, Drought Concerns” here: https://www.dtnpf.com/….

The series also examined what farmers are doing agronomically to boost their production. See our second story, “Farmers Willing to Spend Money on Crops if Yield Potential, ROI Are Promising” here: https://www.dtnpf.com/….

For more on tactics to manage land expenses, particularly cash rent negotiations, please read the third piece of this series, “Contact Landowner Now to Smooth Way for Rent Negotiations” here: https://www.dtnpf.com/….

The fourth piece in this series “Maximize Profit With Smart Grain Marketing” can be found here: https://www.dtnpf.com/….

Experts also suggest farmers build their working and focus on making small improvements to boost their farm’s financial performance. You can read more in the fifth pieces of this series, “Boost Your Bottom Line by Building Cash Reserves, Investing in Income-Producing Assets” here: https://www.dtnpf.com/…

To see a Reporter’s Notebook video about the series, check out https://www.dtnpf.com/….

Joel Reichenberger can be reached at [email protected]

Follow him on Twitter @JReichPF

Leave a Comment