Soil Health Institute (SHI), the non-profit organization tasked with protecting and improving the vitality and productivity of soils, opens on Thursday the 30th thanks to the generous support of Cargill.
The most desirable and reliable information about how soil health affects profitability comes from real-world data from farms. This study interviewed farmers who had successfully implemented a soil health management system to gain information about their management practices, yields and other production experiences. To assess their profitability, the SHI’s agricultural economist used a partial budget analysis to compare expenditure and income in a soil health management system with a conventional management system.
Using data collected and analyzed from 100 farms in nine states, Dr. Wayne Honeycutt, President and CEO of SHI, share key insights that can only be gained to such an extent as:
- 67 percent of the farmers surveyed reported higher yields through the use of a soil health management system. Two percent reported a decreased corn yield.
- Growing corn cost an average of $ 24.00 / acre less and growing soybean with a soil health management system was $ 16.57 / acre less.
- Soil health management systems increased the net income of 85% of farmers who grow corn and 88% of farmers who grow soybeans.
- Based on standardized pricing, the soil health management system increased the net income of these 100 farmers by an average of $ 51.60 / acre for corn and $ 44.89 / acre for soybeans.
- Farmers also reported additional benefits of their soil health management system, such as increased resilience to extreme weather conditions and improved access to their fields.
All who register will receive a leaflet summarizing the results.