Daily on a farm, hundreds of pieces of information are generated upon which farm management decisions are made. Making a right decision is crucial in securing high yields and maximize farms profitability.
Although most farmers opt for traditional forms of increasing and improving the quality of crop yield, such as investment in new machinery or irrigation systems, investment in comprehensive Farm Management Software such as AGRIVI is proven to bring a respective return on investment (ROI).
Farm Management Software implemented in an agricultural operation leads to reduced expenses, increased yields, better yield quality, higher profitability and lower operational risk.
But let’s delve into details. Continue reading and find out what are 4 key ROI arguments on why you should consider investing in comprehensive Farm Management Software for your next crop season.
Table of Contents
1. Management Control and Transparency
How you monitor and control costs directly impacts your farm’s profitability. Data-driven Farm Management Platform provides you a control mechanism to get immediate, real-time and transparent insights into:
- profitability by crops, varieties and fields;
- average yield by crops;
- planned budget vs actual budget per crop.
With such detailed data insights in real-time, FMS allows you to focus on better-performing selections and practices and define which varieties should you focus on next season and what to avoid, enabling an immediate effect on your profitability decision-making process.
2. Operational Excellence
For years farmers and growers relied on scribbled notebooks, bags of receipts, and endless Excel spreadsheets to keep track of their farm management, bookwork, and administration. Farm management software brings all the ‘paperwork’ that accompanies a farm business under one platform.
With farm management software, operational and administrative tasks become easy and efficient. Digitalizing all field operations and crop management processes directly reduces noise, and improves operational inefficiency caused by verbal work instructions and ad-hoc operations planning. On top of that, powerful work management modules simplify operations planning, assignment, execution, and analysis.
3. Crop Yield Predictability
FMS allows you continuous yield forecasting and vegetation health monitoring which prevents financial losses that can be caused by lower-than-planned crop volume and the need to buy additional supplies from the market at higher prices.
FMS enables you to identify crop volume gap on time which allows risk mitigation and timely crop purchases on the market, crucial for securing the financial stability of your crop production.
4. Yield & Cost Drivers Identification
Having the ability to analyze all farm operations per specific field can help you to make data-driven decisions when they are needed. And here again, farm management software comes as an enormous help by enabling you to make decisions based on real-time data, rather than by gut feeling.
Specifically, FMS helps gather and store data from various operations and consolidate information on fields, tasks, resources, costs, and yields into a single platform.
In-depth analysis of agronomic practices, activity-based costing, and crop outcomes allows you to identify best-performing fields and practices that drive high yields, as well as low-performing crops, fields, and practices that cause low yields and/or generate high costs.
In other words, FMS enables you to plan each upcoming season with a clear understanding of what worked well before and how to optimize operations for better outcomes.
AGRIVI Customers Experience Tangible Results
Digitalizing farm production is the key to ensuring efficiency and profitability. Data-driven farm management allows farmers to measure all aspects of their business, from soil and crop performance to financials, enabling informed decisions rather than relying on intuition. Gaining insight from data is essential for boosting productivity, sustainability, and ultimately, profitability.
AGRIVI customers globally experience tangible results in the optimization of their farm management and more importantly in securing higher profitability.
More precisely, with AGRIVI FMS customers have achieved:
- 10-15% profit increase
- 5-20% yield growth
- 5-15% overall productivity boost
Read Part Two Here: Why You Should Invest in Farm Management Software? Part Two – Delivers ROI Quickly
