FarmLink: U.S. Farmers Left $8.1 Billion On The Table In 2015

As farmers face continuing economic challenges, a FarmLink analysis of its proprietary benchmark data found that for the second year in a row approximately one third of farm operations could have earned additional revenue in 2015, totaling $8.1 billion across the United States. New data tools, such as Discovery by FarmLink, can help farmers identify opportunities in the 2016 season to apply advanced farming practices and maximize investments in seed and other inputs.

While revenue amounts varied across counties and states, FarmLink’s benchmarking analysis across millions of acres of quality-assured and scientifically managed data showed consistent opportunities across corn and soybean growing operations – even in top-producing states like Iowa. In Butler County, IA, for example, a 2,000-acre corn farm could have realized $218,550 more revenue if productivity had increased to levels achieved on other farms under comparable growing conditions.

“Actionable data – not big data – is the key to increasing revenue for large and small farms, particularly when margins are tight,” said Bob McClure, Chief Data Scientist for FarmLink, who built the company’s advanced analytics platform using more than five years of proprietary data and 25 years of high-quality public data. “While there’s still yield potential left in the field, top producers use data tools to give them an edge to compete against nature and economic pressures.”

Farmers are looking for ways to increase income and reduce yield loss. As the USDA predicts farm incomes will decline for the second consecutive year, investments in seed, inputs and equipment must be validated or risk repeated underperformance.

“High-quality, accurate data can help growers and their advisors validate investment decisions, create a baseline for future performance expectations and establish a plan of action for 2016,” said McClure.

Earlier today, FarmLink added yield potential information for individual fields in six additional states to Discovery, its recently released free data platform. Discovery visitors can now view the 2015 yield potential of corn and soybean fields across 11 states, including: North Dakota, Kansas, Nebraska, Indiana, Ohio, and Wisconsin, which were added today; and Minnesota, South Dakota, Iowa, Illinois and Missouri. The platform is able to validate the effectiveness of farming practices and identify land potential more accurately and faster than public sources, based on its powerful data analytics.

“The next transformation of agriculture is happening right now – driven by the use of data science tools on the farm,” said McClure. “Just as we’ve seen in other industries – like energy, telecommunications and manufacturing – high quality data can level the playing field and allow individuals to achieve greater results faster than ever before.”

To view yield potential on land in America’s Heartland, visit discovery.farmlink.com

Leave a Reply

Data Management Stories
AmericasPrecision Farming Companies to Watch in 2018 (OPINION)
January 17, 2018
My friends, as many of you told me repeatedly throughout the last 12 months, 2017 was an interesting year in Read More
farmer-tractor-ipad
Data ManagementThe Era of Digital Agriculture: Opportunities and Challenges
January 17, 2018
The digital revolution is changing the way agriculture is done. Rapid population growth, changes in market demands, depleting agricultural land, Read More
Data ManagementBlockchain: Making Data Cleaner, More Secure
January 16, 2018
Probably most professionals who deal with business data have at least heard the term “blockchain” bantered about as potentially the Read More
Soybean-field-clouds-Photo-courtesy-of-Earl-R-Shumaker
Data ManagementBetting on Rain? The Accuracy and Reliability of Precipitation Forecasts
January 16, 2018
For you sports junkies out there, if I could prove to you that I can correctly predict winners and losers Read More
Trending Articles
John-Deere-Cab-GPS
Data ManagementPrecision Ag Hardware and Software: A Little Off-Season Maintenance Goes A Long Way
January 11, 2018
All service technicians have heard this line. Most often when spring makes its anticipated return to our lives. It is Read More
Anez-Consulting-Paul-Anez-and-Michael-Dunn
Service ProvidersAnez Consulting: Focus On Fertility
January 9, 2018
Central Minnesota features variability aplenty when it comes to soil characteristics and topography, from flat, black expanses rich in organic Read More
Agrishow2017
Americas5 Best Ag Tech Shows in Brazil
January 8, 2018
Brazil continues to demonstrate its potential in agriculture. Several international companies are investing in our country because we have a Read More
Farmer and computer
Service ProvidersPrecision Agriculture Writers Wanted To Join Our Team in 2018
December 10, 2017
About The Opportunity: PrecisionAg.com is looking for people to join our team in 2018 and submit original content to our Read More
Harvested-Corn-Field-Clouds
Data ManagementWeather Services Advance Precision Agriculture
December 4, 2017
Some estimates suggest over half of growers’ activities are impacted by weather conditions, from field workability to fertility management to harvest Read More
Wheat-an-oats-Daniel-X-ONeil
Data ManagementWill Open-Source Finally Unlock Ag Technology’s Potential?
November 28, 2017
To Aaron Ault’s eyes, ag technology right now is something like a walled garden — not unlike the Microsoft of Read More
Latest News
Lee_Brittany
Specialty CropsFlorida Blue Farms Digging Data for Savings and Profit
January 17, 2018
Brittany Lee is no stranger to land management, writes Frank Giles on GrowingProduce.com. She grew up around it, observing her parents Read More
AmericasPrecision Farming Companies to Watch in 2018 (OPINION)
January 17, 2018
My friends, as many of you told me repeatedly throughout the last 12 months, 2017 was an interesting year in Read More
farmer-tractor-ipad
Data ManagementThe Era of Digital Agriculture: Opportunities and Chall…
January 17, 2018
The digital revolution is changing the way agriculture is done. Rapid population growth, changes in market demands, depleting agricultural land, Read More
Data ManagementBlockchain: Making Data Cleaner, More Secure
January 16, 2018
Probably most professionals who deal with business data have at least heard the term “blockchain” bantered about as potentially the Read More
Soybean-field-clouds-Photo-courtesy-of-Earl-R-Shumaker
Data ManagementBetting on Rain? The Accuracy and Reliability of Precip…
January 16, 2018
For you sports junkies out there, if I could prove to you that I can correctly predict winners and losers Read More
center-pivot-irrigation-drop-sprinklers-on-corn
Precision IrrigationFinding Your Precision Ag Mindset
January 15, 2018
A precision mindset is the most important requirement for successful precision ag technology adoption. One of my first VRI (variable Read More
Drone-and-operator-Photo-courtesy-of-Kray-Technologies
DronesCrop Protection Application by Drone: A Q&A with Kr…
January 15, 2018
January is a busy month for agricultural companies. It’s a month that strong sales can set the mood for the Read More
Data ManagementAgGateway Grain Traceability Proof-of-Concept Seeks Ind…
January 15, 2018
AgGateway’s Precision Agriculture and Grain & Feed councils have issued a call for participation for a proof-of-concept initiative in AgGateway’s Read More
John-Deere-Cab-GPS
Data ManagementPrecision Ag Hardware and Software: A Little Off-Season…
January 11, 2018
All service technicians have heard this line. Most often when spring makes its anticipated return to our lives. It is Read More
Corn-Planter
Grower Services & SolutionsCorn Planter: The Train of Consequences
January 11, 2018
It’s always planter season in our shop but now that harvest is done the corn planter is the next piece Read More
Robotics/Labor SaversSmart Ag Announces Driverless Tractor Automation Platfo…
January 11, 2018
An Iowa technology company has unlocked the tremendous potential for automation in agriculture by developing the first cloud-based platform for Read More
Anez-Consulting-Paul-Anez-and-Michael-Dunn
Service ProvidersAnez Consulting: Focus On Fertility
January 9, 2018
Central Minnesota features variability aplenty when it comes to soil characteristics and topography, from flat, black expanses rich in organic Read More
Agrible
Grower Services & SolutionsAgrible to Launch Retailer Services in 2018
January 9, 2018
It’s a new year, which means new market challenges. Full service retailers are searching for ways to differentiate themselves and Read More
jeremy-speaking
Grower Services & SolutionsGrower and Precision Ag Services: Opportunities Lost
January 9, 2018
I often spend time with growers, talking about their operations, and the processes they go through each season to do Read More
Winters-Farming-farm-manager-Alex-Bergwerff-and-Ranch-Systems-marketing-and-business-development-manager-Hylon-Kaufmann
Precision IrrigationInside California Irrigation: Winters Farming
January 9, 2018
As many of us already know, almonds tend to get a bad rap for their water-use efficiency — or some Read More
Sentera software
DronesSentera Offering Elevation Data Mapping Via AgVault
January 9, 2018
Sentera announces the availability of elevation maps within the Sentera AgVault platform, offering agronomists, crop consultants, and growers additional field Read More
Industry NewsRaven, South Dakota State University Link Up: What You …
January 9, 2018
On Tuesday afternoon Raven and South Dakota State University (SDSU) held a press conference on the SDSU campus in Sioux Read More
Agrishow2017
Americas5 Best Ag Tech Shows in Brazil
January 8, 2018
Brazil continues to demonstrate its potential in agriculture. Several international companies are investing in our country because we have a Read More