MySOYL margin tool to manage farm profitability
A recently launched suite of MySOYL analysis tools enable growers to look at a range of financial performance metrics across their land and the complete farm rotation.
The new MySOYL margin map tools give farmers with yield map data the ability to create maps showing income, gross margin and net margin for each part of their land.
Simon Parrington, commercial director for Soyl says: “Being able to look at the profitability of each part of the field is useful in terms of informing agronomy decisions but also in identifying areas where an environmental scheme may be a better use of part of the field.”
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Multiple layers of yield and profitability data
According to Parrington, “it’s important to be able to look at multiple layers of yield and profitability data as in some cases, parts of fields will look profitable in one year/crop type but deliver much poorer results for other crops.”
The MySOYL margin map tool lets farmers select multiple years and build a more complete picture of cumulative gross or net margin.
“With growers starting to look forward to a new era of agricultural payments and the rising importance of ‘natural capital’ management it’s easy to see how this tool could be used to earmark areas better suited to environmental schemes,” says Parrington.
