fbnsm special report network trends - … brand yield results fbnsm special report farmers business...

NETWORK TRENDS

FBNSM SPECIAL REPORT

Farmers Business NetworkSM

Summer 2016

1 (844) 200-FARM • [email protected] • 100 E Kimberly Road, Suite 605, Davenport, IA 52806 • www.farmersbusinessnetwork.com 2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.

CONFIDENTIAL - MEMBERS ONLY

FARMERS BUSINESS NETWORK

INTRODUCTION

2016 has been a challenging year for farmers. Heavy spring rains across the Midwest kept farmers out of the field for weeks, and more recent forecasts are calling for a hot, dry summer. On top of that crashing commodity prices throughout the late spring coupled with high input costs, particularly for seed, chemicals, and fertilizer, have created serious budget stress.

Farmers have made calculated decisions around crop type, rotation, seed variety, and tillage this season in an effort to combat these challenges. They’ve responded to time, economic, and climactic constraints by adjusting their agronomic practices and the products they use.

We’ve aggregated the information submitted by FBN members around these decisions to give you insight on national trends. We hope this information will be a meaningful piece of the puzzle as farmers move forward this season.

CONFIDENTIAL - FOR FBN MEMBERS ONLY


Distribution of FBN members as of August 1st 2016.

FARMERS BUSINESS NETWORK

1 Find more on USDA average national yield results here: http://cornandsoybeandigest.com/blog/usda-crop-report-increases-yield


METHODOLOGY

This report was drafted in August, 2016 and includes approximately 4.9 million acre-events of data. The included analysis will be revised as additional data becomes available, and as a result of adding data, these trends may change slightly in the future.

Importantly, FBN farmers substantially outperform their peers and tend to be earlier adopters of agronomic technology. This is evidenced by national corn yield results as reported by the USDA, which reported 171 bu/A as the national average in 2014 and 168.8 bu/A in 2015.1 The average for farmers in the FBN network of 189.4 bu/A in 2014 and 192.97 in 2015. So it can be assumed that this data set biases towards more advanced farms that are more willing to experiment with practices, rotations, and crop compositions.

It’s important to remember FBN members are not evenly geographically distributed within states, and bias towards more advanced, higher yielding operations. To see where FBN members are in your state, refer to the member map on Page 1.

The number of brands revealed in each state are limited by FBN data sufficiency rules. For a brand to be revealed in this report, it had to have at least three varieties, planted on at least 2,500 acre by at least 10 unique enterprises. Brands averaged 21 varieties, 19,541 acres, and 35 enterprises per state in this report.

SEED BRAND YIELD RESULTS

FBNSM SPECIAL REPORT

Farmers Business NetworkSM

Week 5

1 (844) 200-FARM • [email protected] • 100 E Kimberly Road, Suite 605, Davenport, IA 52806 • www.farmersbusinessnetwork.com 2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.


1 (844) 200-FARM • [email protected] • 100 E Kimberly Road, Suite 605, Davenport, IA 52806 • www.farmersbusinessnetwork.com

ILLINOIS CORN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for corn in Illinois was Dekalb® with 207 bu/A across all varieties. Wyffels® and Agrigold® were the next top performers, achieving 206 bu/A each. National brands Pioneer® and Channel® reached an average of 201 bu/A and 200 bu/A respectively, and Beck’s™ and Golden Harvest® round out the top 11 with 195 bu/A and 187 bu/A respectively.

ILLINOIS SOYBEAN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing soybean brand in Illinois was Asgrow®, with farmers reaching an average of 69 bu/A across all varieties. The next top performers were Stone™ and Channel® with 67 bu/A and 66 bu/A respectively. NK® and Beck’s™ round out the top 7 with 62 bu/A and 64 bu/A respectively.

Dekalb, Asgrow, Gold Country, Stone, Westbred, and Channel are registered trademarks of the Monsanto Company. Pioneer is a registered trademark of Dupont, Pioneer or their respective owners. Pfister and Prairie Brand are registered trademarks of the Dow Chemical Company. Golden Harvest, Agripro, and NK are registered trademarks of a Syngenta Group company. Hoegemeyer is a registered trademark of Hoegemeyer Hybrids. Agrigold is a registered trademark of Agrigold. Wyffels is a registered trademark of Wyffels Hybrids. Beck’s is a trademark of Beck’s Hybrids. Great Lakes is a registered trademark of GLH Seeds, Inc. FS Seed is a registered trademark of GROMARK, Inc. LG Seeds is a registered trademark of LG Seeds. Burrus is a registered trademark of Burrus. Nutech is a registered trademark of NuTech Seed, LLC. AgVenture is a registered trademark of Agventure, Inc. Steyer is a registered trademark of Steyer Seeds. Seitec is a registered trademark of Seitec Genetics.


Specialty is a registered trademark of the Monsanto Company.2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.

INDIANA CORN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for corn in Indiana was Dekalb® with 186 bu/A across all varieties. Pioneer® and Agrigold® were the next top performers, achieving 177 bu/A and 152 bu/A respectively. Beck’s™ and Specialty® round out the top 6 with 149 bu/A and 141 bu/A respectively.

INDIANA SOYBEAN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brands for soybeans in Indiana were Pioneer® and Asgrow®, both with 56 bu/A across all varieties. They are followed by Beck’s™ with 52 bu/A.


Mycogen is a registered trademark of the Dow Chemical Company. 2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.

IOWA CORN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for corn in Iowa was Agrigold® with 209 bu/A across all varieties. Dekalb® was the next top performers, achieving 208 bu/A, followed by Pfister® and Channel® which both reached an average of 206 bu/A. Beck’s™ and Stine® round out the top 11 with 190 bu/A and 183 bu/A respectively.

IOWA SOYBEAN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for soybeans in Iowa was Prairie Brand® with 65 bu/A across all varieties. Channel® and Dekalb® were the next top performers, achieving 64 bu/A and 62 bu/A respectively. NK® and Stine® round out the top 6 with 60 bu/A and 59 bu/A respectively.


Wensman is a registered trademark of the Wensman Seed Company. Producers Hybrids is a registered trademark of Producers Hybrids. 2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.

MINNESOTA CORN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for corn in Minnesota was Dekalb® with 205 bu/A across all varieties. Croplan® and Gold Country Seeds® were the next top performers, achieving 202 bu/A and 200 bu/A respectively. National brands Pioneer® and Channel® reached an average of 196 bu/A and 198 bu/A respectively, while Stine® and Mycogen® round out the top 10 with 185 bu/A and 175 bu/A respectively.

MINNESOTA SOYBEAN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for soybeans in Minnesota was Prairie Brand® with 60 bu/A across all varieties. Stine® and Asgrow® were the next top performers, achieving 63 bu/A and 59 bu/A respectively. National brands Pioneer® and Channel® reached an average of 56 bu/A and 57 bu/A respectively, while Wensman™ and Peterson Farm Seeds round out the top 10 with 51 bu/A and 46 bu/A respectively.



MINNESOTA WHEAT SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for wheat in Minnesota was Agripro® with 71 bu/A across all varieties, followed by NDSU with 69 bu/A.

MONTANA WHEAT SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for wheat in Minnesota was Montana State University with 47 bu/A across all varieties, followed by Westbred® with 38 bu/A.


Curry is a registered trademark of Dupont, Pioneer or an associated company.2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.

NEBRASKA CORN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for corn in Nebraska was Seitec® with 216 bu/A across all varieties. Pioneer® and Channel® were the next top performers, achieving 215 bu/A and 210 bu/A respectively. Curry® and Mycogen® round out the top 7 with 189 bu/A and 194 bu/A respectively.

NEBRASKA SOYBEAN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for soybeans in Nebraska was Seitec® with 73 bu/A across all varieties. Mycogen® and Asgrow® were the next top performers, achieving 68 bu/A and 69 bu/A respectively. National brands Pioneer® and Channel® reached an average of 67 bu/A each, while NK® rounded out the top 6 with 65 bu/A.


Rea Hybrids is a registered trademark of the Monsanto Company. Hefty is a registered trademark of Hefty Seed Company. Dairyland is a trademark of the Dow Chemical Company

2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.

NORTH DAKOTA CORN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for corn in North Dakota was Dekalb® with 163 bu/A across all varieties. Proseed and Croplan® were the next top performers, achieving 160 bu/A and 158 bu/A respectively. National brands Pioneer® and Channel® reached an average of 149 bu/A and 156 bu/A respectively, while Wensman™ rounds out the top 8 with 137 bu/A.

NORTH DAKOTA SOYBEAN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brands for soybeans in North Dakota were Peterson Farm Seeds and Hefty® with 45 bu/A each across all varieties. NK® and Croplan® were the next top performers, achieving 42 bu/A each. Rea Hybrids™, Mycogen®, and Wensman™ round out the top 11 with 38 bu/A, 38 bu/A and 35 bu/A respectively.



NORTH DAKOTA WHEAT SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brands for wheat in North Dakota were NDSU and Agripro®, both with 65 bu/A across all varieties, followed by Westbred® with 63 bu/A.

SOUTH DAKOTA CORN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for corn in South Dakota was Wensman™ with 190 bu/A across all varieties. Golden Harvest® and Channel® were the next top performers, achieving 185 bu/A and 180 bu/A respectively. National brands Pioneer® and Dekalb® reached an average of 168 bu/A and 179 bu/A respectively, while Producers Hybrids® rounds out the top 8 with 165 bu/A.


Mustang is a trademark of Mustang Seeds.2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.

SOUTH DAKOTA SOYBEAN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for soybeans in South Dakota was Wensman™ with 58 bu/A across all varieties. NK® and Hefty® were the next top performers, achieving 55 bu/A and 54 bu/A respectively. National brands Pioneer® and Channel® reached an average of 50 bu/A and 52 bu/A respectively, while Croplan® rounds out the top 9 with 49 bu/A.

SOUTH DAKOTA WHEAT SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for wheat in South Dakota was Agripro® with 61 bu/A across all varieties, followed by South Dakota Agricultural Experiement Station with 54 bu/A.


1 (844) 200-FARM • accountingsupport2016 All Rights Reserved. “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc.

MISSOURI CORN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for corn in Missouri was Dekalb® with 181 bu/A across all varieties, followed by Pioneer® with 171 bu/A.

MISSOURI SOYBEAN SEED BRAND YIELD RESULTS IN 2015

In 2015, the top performing brand for corn in Missouri was Asgrow® with 55 bu/A across all varieties, followed by Pioneer® with 48 bu/A.



CONCLUSIONS• The highest performing corn seed brand in any state in FBN was Seitec® in Nebraska,

which achieved 216 bu/A in 2015.

• The highest performing soybean seed brand in any state in FBN was Seitec® in Nebraska, which achieved 79 bu/A in 2015.

• The highest performing wheat seed brand in any state in FBN was Agripro® in Minnesota, which achieved 71 bu/A in 2015.

THE FUTUREFBN will continue to offer information and insight on agronomic and economic decisions derived from the network in the seasonal Network Trends report.

If you would like to gain even more insight on the unique conditions on your farm and fields as well as in your region and your state, upload data to your FBN account or send it to [email protected]. As with all data submitted to FBN, it’s confidential, anonymous, and secure.

Dekalb, Asgrow, and Channel are registered trademarks of the Monsanto Company. Pioneer is a registered trademark of Dupont, Pioneer or their respective owners. Golden Harvest and NK are registered trademarks of a Syngenta Group company. Croplan is a registered trademark of WinField Solutions, LLC. Agrigold is a registered trademark of Agrigold. Wyffels is a registered trademark of Wyffels Hybrids. Beck’s is a trademark of Beck’s Hybrids. Mycogen is a registered trademark of the Dow Chemical Company. Stine is a registered trademark of Stine Seed Company. Armor is a registered trademark of Armor Seed Company. Hefty is a registered trademark of Hefty Seed Company.


ADD YOUR PLANTING DATA

TODAY.

The more members contribute, the better the analysis we can provide. Upload your planting files and seed invoices today into you FBN account or by emailing files to

[email protected] so that you’ll be ready to receive Your Annual Report as soon as harvest is over.

Questions about uploading data? Call:

1 (844) 200 - FARM

Learn More at farmersbusinessnetwork.com.

fbnsm special report network trends - … brand yield results fbnsm special report farmers business...

Documents