Growing Returns

Selected tag(s): cover crops

Change in weather shifts Iowa farmer’s approach, saving money and time

This blog is authored by Bethany Baratta, senior writer at Iowa Soybean Association. It originally posted on the Iowa Soybean Association Newsroom

Wayne Fredericks and his wife Ruth began farming in northern Iowa in the early 1970s. For the first 19 years of their farming careers, their farm was managed conventionally: corn stalks were plowed and soybean stubble was tilled before planting.

wayne

Iowa farmer Wayne Fredericks says his integrated cropping system saves time and money and protects natural resources. (Photo: Joseph L. Murphy/Iowa Soybean Association)

It was a change in the weather that altered their conventional farming practices — for the better. Read More »

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Cover crops reduce cropping input costs, with other benefits farmers “can’t put a price on”

This blog is authored by Bethany Baratta, senior writer at Iowa Soybean Association. It originally posted on the Iowa Soybean Association Newsroom.

Cover crops have proven benefits for soil health. A recent Iowa Soybean Association study shows that cover crops can also reduce the input costs associated with growing crops.

“Cover crops are an added cost to the operation. However, this study shows a subset of participants in a corn-soybean rotation are able to offset those costs by finding a yield advantage, reducing inputs or both to improve overall profitability,” said Heath Ellison, ISA senior conservation agronomist who led the study in partnership with the Walton Family Foundation, Environmental Defense Fund and Iowa-based Regional Strategic, Ltd. Read More »

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Monetizing cover crops improves profitability for Iowa farmers, study shows

This blog is authored by Bethany Baratta, senior writer at Iowa Soybean Association. It originally posted on the Iowa Soybean Association Newsroom

While many farmers add cover crops with the goal to improve soil health, some participants in an Iowa Soybean Association (ISA) study are turning cover crops into new business opportunities. Capturing profit opportunities could result in expanded cover crop use in the state, the study showed.

Twenty Iowa farmers were chosen for the study during the 2018 crop year to take a closer look at the relationship between conservation adoption and farm production and profitability. Study participants were chosen based on their use of conservation practices such as cover crops and conservation tillage. Combined, participants raised 27,535 acres of corn and soybeans, and were geographically dispersed throughout the state. Read More »

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A new guide for farmers to boost profits through conservation

As the struggling U.S. farm economy continues to make the news, agricultural organizations, government agencies and conservation groups are rightly focusing their attention on the affordability of conservation adoption.

A 2018 report from EDF and agricultural accounting firm K·Coe Isom, Farm Finance and Conservation, found that farmers who adopt conservation practices such as no-till, nutrient optimization, cover crops and diverse rotations improved their profitability and were more resilient.

Despite these benefits, the costs of transitioning to conservation management practices can be a barrier to adoption. In addition, any change carries some risk, and farmers are likely to be reluctant to take on additional risk in the current economic climate.

For these reasons, it is more important than ever to provide farmers with practical guidance on how to minimize the costs and risks of conservation adoption. Fortunately, a new technical bulletin from the Sustainable Agriculture Research and Education (SARE) program at the U.S. Department of Agriculture does just that.

Cover Crop Economics: Opportunities to Improve Your Bottom Line in Row Crops [PDF] describes seven different management scenarios in which farmers can speed their transition to cover crops and achieve profitability more quickly — in some cases within the first year of adoption. Read More »

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Farmers open their books to show financial impact of conservation

Farm accountants have a lot more to offer than advice on how to maximize tax returns. In fact, they play a pivotal role in scaling conservation.

Environmental Defense Fund and K·Coe Isom AgKnowledge, a managerial accounting service for farmers and ranchers, teamed up with three Midwestern grain farmers to study how the adoption of conservation practices affects farm budgets.

These farmers, based in Iowa, Kansas, and Ohio, have all adopted some combination of no-till, crop rotations, cover crops and nutrient management. They were generous enough to open up their books so that AgKnowledge could analyze the financial impact of these conservation activities.

The full report will be out later this year, but initial results show how conservation can benefit farmers’ bottom lines. Here are three lessons we learned from this analysis. Read More »

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3 ways Amazon’s purchase of Whole Foods could affect agriculture and the environment

Photo credit: USDA

The vast majority of the media stories surrounding Amazon’s acquisition of Whole Foods have focused on how the deal could affect the cost of food, home delivery services, competition in the retail space and our overall shopping experiences.

While it’s still too early to predict what exactly Amazon will do with hundreds of new brick and mortar grocery stores, here are three possible implications for farmers and the land they rely on to grow our food.

1. Demand for organic could skyrocket

As of last month, organic products represented more than 5 percent of all grocery sales in the US – and organics have been one of the strongest areas of growth for many retailers and grocery stores.

Now, with Whole Foods under the Amazon umbrella, that demand could increase exponentially. POLITICO noted that if this happens, “domestic organic acreage isn’t positioned to handle such an expansion.” Read More »

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A call to help us strengthen the economic case for sustainability practices

Green tractor on Iowa corn farm

Visiting my friend and Iowa corn farmer, Tim Richter.

Before installing a new heating system for your home, you’d want to conduct an analysis to make sure it’s worth the money, right? The same logic applies to farming – before a producer considers implementing conservation practices or new technologies, he or she will need to know how those practices will affect an operation’s bottom line.

Despite some good anecdotal information and several isolated field trial studies, the reality is we don’t have nearly enough information on the economic impacts – good or bad – of individual conservation practices. That means we cannot yet make an ironclad business case that will persuade the majority of farmers to implement conservation practices.

There are several key reasons for the dearth of information, and that’s partly my fault.

I’m hoping you can look past this and consider my call to work together to collect the necessary data to strengthen the case. Our food, livelihoods and landscapes depend on it. Read More »

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Conservation Technical Assistance should not get lost in the shuffle

Farmers understand the importance of sustainability and conservation in ag practices Yesterday, U.S. Department of Agriculture Secretary Sonny Perdue announced a massive reorganization of the agency. Among other changes, the Secretary plans to create a new Undersecretary for Farm Production and Conservation to oversee the Farm Service Agency (FSA), the Risk Management Agency (RMA), and the Natural Resources Conservation Service (NRCS). Previously, NRCS reported to the Undersecretary of Natural Resources and the Environment, and both RMA and FSA reported to the Under Secretary for Farm and Foreign Agricultural Services.

On the surface, combining conservation and farm productivity programs makes sense, since sustainability is almost always good for a producer’s bottom line. Reducing duplication and bureaucracy between these agencies could streamline efforts to implement conservation practices while protecting farmers’ incomes. However, a lot remains to be seen and will depend on who fills the Undersecretary position.

No matter who fills that role, Conservation Technical Assistance (CTA) funding and outreach should remain a top priority under the new organization. Here’s why. Read More »

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Conservation relies on profitability

Conservation practices help make this wheat field more profitable Whether in agriculture or any other business, if you don’t have enough money coming in to pay the bills, it’s hard to find the time or resources for anything other than working to turn a red budget spreadsheet black.

A wheat farmer friend from Washington recently told me that current prices are $4/bushel, the same as 40 years ago. Take into account inflation, and that’s a significant decline. Nationally, the USDA predicts that net farm income will drop by almost 9 percent this year, the fourth year in a row of declines after reaching a record high in 2013. Farmers also face enormous volatility in income, with fluctuations in yield, demand, as well as crop and input prices.

It’s no surprise then that environmentalists’ calls to cut crop insurance, disaster programs or other conservation payments fall on deaf ears in the agricultural community – or serve only to raise blood pressure levels across the Corn Belt. Read More »

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Why ag advisers should increase conservation offerings to farmers

Ag retailers help these farmers manage their farm sustainablyFarmers have a host of competing priorities clamoring for their time, energy and money. Fortunately, they often have trusted advisers to help them make good decisions for their operations – including about conservation practices on the farm.

These practices, such as improving fertilizer efficiency and planting cover crops, can provide significant benefits for farmers: increasing or stabilizing yields, reducing erosion, and ensuring more of the fertilizer applied delivers yield instead of being lost to water or air. They can also increase profitability.

But in order to get the best bang for every conservation buck, many of these practices require technical and agronomic expertise. As PrecisionAg suggested, who better to help integrate these practices into farm operations than the ag retailers and consultants who know their clients’ farms so well?

By expanding their conservation service offerings, ag retailers and crop advisers can meet growing demand from farmers – while also keeping their businesses, and that of their farmer clients, competitive. Read More »

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