An ag economist says wide acceptance of precision ag technology directly benefits land values.
President of Perfect Fit Presentations Dan Manternach analyzed 2019 precision ag usage farm data collected by the University of Minnesota from farmers in 12 states as part of the FINBIN program.
“Farmers are getting better at using it and what the data now shows from the FINBIN numbers is that the intensive users are on the leading edge of profitability.”
He says farmers who intensely used precision ag, including autosteer and variable rate applications for chemicals, fertilizer, and planting, have lower variable costs per acre and higher profitability because of higher yields.
