Does PLM have a return on my investment
Does Precision Land Management have a return on my investment?
By adding a GPS display and row clutches to your corn planter you can eliminate overlap in planting acres. Below is a quick way to explore how automatic section control saves on inputs. You can insert your own corn acres and % of overlap you have. The odder the shape of field the more overlap potential there is. Some of the odder shaped fields can have 8% or more of overlap. Yield reduction percentage allows to calculate for lower yields in double planted or overlapped acres. We have seen on yield monitors on average of 50% lower yield in double planted or overlap acres.
Total Corn Acres 250 acres X % of Overlap 5% = 12.5 acres over planted or double planted
Yield lost in Overlap Acres that are double planted
Overlap Acres 12.5 X 170 bu/acre (Avg. Yield/Acre) X 50% yield reduction from double planting =
1062.50 Bushels Lost due to overplanting X $3.25/bushel = $3453.13 Profit Lost due to double planting
Overlap Acres 12.5 / 2.5 acres/bag @ (32,000 pop.) = 5 Extra Bags used
5 Extra Bags X $250.00/bag = $ 1250.00 Extra Seed Cost
Yield Profit Lost $3453.13
Seed Savings $1250.00
= $4703.13 Total Payback in Year 1
This savings pays for a New GPS display.
What about Year 2, 3 and on?