Over 1/2 Million Acres RTK Mapped
Saving farmers thousands of dollars in crop premium and time
A Winning Combination
Its been close to 15 years ago since we started seeing the opportunity GPS mapping services could provide farmers. Saving them time and money both in the field as well as accurate coverage for their government programs. Back then, it was about accurate reporting and not leaving a field uninsured. Today, GPS boundary acres go much farther than just reporting. We now have the technology and resources to utilize these GPS boundaries within the precision farming equipment farmers are using. Being able to upload this information for planting, applications, and harvesting is proving to be a real asset in the farmers wheel house. It's more about saving time and money these days. By getting the farmer to the field faster makes them much more efficient for all processes and that results in saving dollars.
But that's not where it ends. The fringe benefit of RTK field boundary acres provides cost savings in farmer paid premium as well as increased production guarantees for crop insurance coverages. How? Let's take a look. Currently we still have a discrepancy between FSA certification and crop insurance reported acres. Even though the gap is smaller, we are still seeing a 3 to 5 percent variance from the field boundaries that we physically drive, using RTK, versus the local FSA CLU boundaries farmers use for certification purposes. That's significant.
Here is an example of what that means using our current goal of 500,000 acres mapped with RTK. By taking these 500,000 acres and adding just a 3 percent error would have increased the acres a farmer would have reported for their crop insurance by 15,000. So by taking these 15,000 acres times an average crop insurance premium per acre of $20, that's an overall aggregate savings of $300,000 dollars for our clients. Do you think this is a big number, you bet it is. Secondly, when reporting your RTK boundary acres, you are not weighing down your production history. What this means is when you report more acres to what you actually harvest, your production average is decreased. So by reporting actual planted acres to harvested acres, and comparing the two, there is no reduction in production averages. A win, win for everyone.
Do the simple math on your farm and see how many dollars can be saved in time and revenue by using our services for your operation. If you are looking to gain efficiencies and increase potential revenues, call us.
But that's not where it ends. The fringe benefit of RTK field boundary acres provides cost savings in farmer paid premium as well as increased production guarantees for crop insurance coverages. How? Let's take a look. Currently we still have a discrepancy between FSA certification and crop insurance reported acres. Even though the gap is smaller, we are still seeing a 3 to 5 percent variance from the field boundaries that we physically drive, using RTK, versus the local FSA CLU boundaries farmers use for certification purposes. That's significant.
Here is an example of what that means using our current goal of 500,000 acres mapped with RTK. By taking these 500,000 acres and adding just a 3 percent error would have increased the acres a farmer would have reported for their crop insurance by 15,000. So by taking these 15,000 acres times an average crop insurance premium per acre of $20, that's an overall aggregate savings of $300,000 dollars for our clients. Do you think this is a big number, you bet it is. Secondly, when reporting your RTK boundary acres, you are not weighing down your production history. What this means is when you report more acres to what you actually harvest, your production average is decreased. So by reporting actual planted acres to harvested acres, and comparing the two, there is no reduction in production averages. A win, win for everyone.
Do the simple math on your farm and see how many dollars can be saved in time and revenue by using our services for your operation. If you are looking to gain efficiencies and increase potential revenues, call us.