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.
SAN FRANCISCO (PRWEB) December 14, 2020
For years corn has held a profitability edge, making a corn-on-corn rotation a consideration for many U.S. farmers. Looking at 2021, Data Scientists at Granular, the world’s leading farm management software platform, have seen renewed optimism in beans due to recent market rallies, amping up the corn versus soybeans profitability debate for many farming operations.
After analyzing more than 10 million acres and corn-bean rotations for the past decade, Granular’s Data Science team 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,” said Chris Seifert, Head of Digital Agriculture Data Science with Corteva Agriscience. “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. At the end of the day, we want farmers to feel confident in their seed and input decisions for 2021, and using data can help give them that confidence.”
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.
“We’re still debating rotating to soybeans or doing corn-on-corn on a few of our fields,” said farmer and Pioneer customer Andy Nordhues of Randolph, Neb. “We had strong corn-on-corn yields in 2020, but we’re certainly watching the bean markets. Having a tool to help me pull the numbers together and analyze trusted data trends to assist in making my decisions is definitely helpful.”
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™.
Farmers can access the free ROI calculator at http://granular.ag/corn-vs-beans-profitability-calculator.
For farmers that want to dig even deeper into the agronomic and marketing factors impacting their rotation decisions, Granular has compiled expert insights from Pioneer Agronomy Manager, Matt Essick, and South Dakota Grain Merchandiser, Cullen Wilson.
Farmers can also look to their local Pioneer seed professional to assist them in making data-backed decisions for ahead of the 2021 growing season. And no matter what crop an individual operation analysis favors, Corteva has the seed technologies including Pioneer® brand Enlist E3® soybeans, and Pioneer® brand Qrome® corn products with rootworm protection to support a strong 2021 plan.
Granular, a Corteva Agriscience™ company, is Farm Management Software (FMS) that is helping thousands of farmers to build more profitable and efficient farms today to steward their lands for generations to come. As the world’s leading FMS, Granular uniquely combines an industry-leading support team with the most recommended suite of powerful yet easy-to-use software to help farmers and their teams run all aspects of their farm as a business. From financials to agronomy to operations, farmers are now able to make data-driven decisions with greater confidence in an increasingly challenging environment.
Granular is San Francisco-based, with offices worldwide. Granular is an independent, wholly-owned subsidiary of Corteva Agriscience (NYSE:CTVA). Learn more about Granular at http://granular.ag/, Twitter, @GranularAg, and Instagram, @Granular_Ag, or facebook.com/GranularAgriculture/.
About Corteva Agriscience
Corteva Agriscience is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry - including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva Agriscience became an independent public company on June 1, 2019, and was previously the Agriculture Division of DowDuPont. More information can be found at http://www.corteva.com.
® TM SM Trademarks and service marks of Corteva Agriscience and its affiliated companies.
1. All market data is provided by Barchart Solutions.
2. Information is provided solely for educational purposes, not for trading purposes or advice.
The transgenic soybean event in Enlist E3® soybeans is jointly developed and owned by Dow AgroSciences LLC and M.S. Technologies L.L.C.
Qrome® products are approved for cultivation in the U.S. and Canada. They have also received approval in a number of importing countries, most recently China. For additional information about the status of regulatory authorizations, visit http://www.biotradestatus.com/.
Agrisure® is a registered trademark of, and used under license from, a Syngenta Group Company. Agrisure® technology incorporated into these seeds is commercialized under a license from Syngenta Crop Protection AG. YieldGard®, the YieldGard Corn Borer design and Roundup Ready® are registered trademarks used under license from Monsanto Company. Liberty®, LibertyLink® and the Water Droplet Design are trademarks of BASF.