Growing Returns

Selected tag(s): Iowa Soybean Association

Why recordkeeping is “one of the most essential pieces of farming today”

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

Devoting adequate time and attention to maintaining records that blend agronomic and financial data is key to farm business success, especially in tight or low margin environments.

“I think recordkeeping is one of those overlooked parts of farm businesses,” says Dave Walton, an Iowa farmer and Iowa Soybean Association (ISA) District 6 director. “It takes a little extra time to do it, but you learn so much more by taking that extra time. It helps you make really, really comfortable, solid decisions.” 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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3 ways agricultural lenders can help farmers reap millions in savings from conservation

The U.S. farm economy is in its worst condition in decades due to several years of low crop prices, ongoing trade disputes, natural disasters and other variable weather. But many farmers are adapting and innovating – implementing conservation practices that build soil health and resilience, such as nutrient optimization, cover crops and no-till.

Still, there is a growing need for farmers to understand the full financial benefits of these practices and prove their value to ag lenders and other financial partners.

Read More »

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This Iowa farmer proves that profit and sustainability go hand in hand

Fertilizer application. Photo credit: John Rae

Photo credit: John Rae

Denny Friest is one of the most progressive and savvy farmers I’ve ever met. Through his participation in the Iowa Soybean Association’s On-Farm Network since 2001, Denny conducted replicated strip trials on his operation to compare different nitrogen application rates and find ways to be more efficient and profitable.

The Iowa legislature saw so much value in this field trial program that it provided funding to reimburse farmers who lost yield in their efforts to improve efficiency. With no risk involved, Denny was able to see “how low he could go” with fertilizer applications before he had an economic loss in production. Read More »

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New guidebook explains how and why to build a farmer network

Farmers educating about cornAmidst all the new tools and technologies being developed to make agriculture more sustainable, there is one tried and true method for testing on-site conservation practices that doesn’t get much attention: farmer networks.

Farmer networks consist of growers within a region working directly with advisors, agronomists and/or scientists to conduct on-farm trials. These trials can test the economic and environmental impacts of changes in crop management, adoption of soil health practices, or use of precision agriculture tools.  The data is then aggregated and analyzed to determine best practices for specific farm conditions and to inform future management decisions.

Originally established by the Iowa Soybean Association, the innovative farmer network model has since taken off, with Environmental Defense Fund and others establishing additional networks across the country. As University of Connecticut soil fertility expert Thomas Morris explains, participation in farmer networks has led to greater efficiency on hundreds of thousands of acres across the U.S – benefitting both the planet and yield. The potential for replication is limitless.

That’s why EDF created a how-to guide for other organizations, companies, and universities interested in creating a farmer network. The new Farmer Network Design Manual provides a roadmap to support sustainable agriculture practices, increase farm profits, and build resiliency. Read More »

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