Low Projected Net Farm Income Forces Focus on Efficiency

USDA recently released updated net farm income data. It shared that net farm income totaled $90.4 billion in 2014, and it’s projected to total $55.9 billion in 2015. Not since 2002 has net farm income dropped to levels lower than those predicted for 2015. Just two years ago, net farm income hit a $123.3 billion high.

The projections suggest that net farm income will decrease by 38.2 percent between 2014 and 2015. A change like that will shock the agriculture economy. Multiple factors have contributed to the decline. For example, drought conditions a few years ago increased crop prices. Since then, crop production has recovered and decreased prices.

Because of the forecasted net farm income decline, we farmers must prioritize efficiency. We need products proven to boost yields at a cost that optimizes your returns.

At BigYield.us, we specialize in identifying products that provide good returns for our customers. We test these products in plots at The Farm Research Center in Garden City, Mo. Last year, we tested our BPIF-Soy in-furrow treatment, which is a crop biological and cold-processed sweetener blend designed to address soybean sudden death syndrome. With the in-furrow treatment alone, yields averaged 45.5 bushels per acre.

Adding three BigSoy100 foliar applications and one BigSoy100DB foliar application to the in-furrow BPIF-Soy treatment increased average yields to 52.7 bushels per acre. BigSoy100 is a cold-processed sweetener, and BigSoy100DB combines the cold-processed sweetener with a crop biological. The four foliar applications produced a 245 percent return on investment. With returns like that, you can better adjust to low crop prices. To learn about using these products in your soybean program, call us at 816-773-6018.

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