What Can Harvest Profit Do for You?

I often get asked, “Why do I need Harvest Profit?” Many farmers rely on a cash accounting platform or an Excel sheet, but is that enough in today’s challenging farm economy? 

Farming is unique, and using cash accounting alone to drive your financial decisions is like driving a car with the windshield blacked out, relying only on the rear-view mirror. Sooner or later, you’ll crash—and you won’t see it coming.

At Harvest Profit, we believe the best farms pair their cash accounting tools with a profit and loss software that enables proactive budgeting and planning. By leveraging the data you already have, Harvest Profit empowers you to see what’s ahead, not just what’s behind.

Recently, I worked with a farm that felt stuck with their crop budget. With current market conditions, it seemed like profits were out of reach. But in one afternoon, using Harvest Profit, we created three scenarios that opened the door to new opportunities. Here’s what we discovered:

Scenario 1: The Original Plan

The farm had made proactive crop rotation changes to boost profitability, but their initial budget was barely above breakeven. Soybeans were significantly dragging down their overall profitability.

Scenario 2: Switching to Conventional Corn

We explored the idea of planting conventional corn instead of traited corn. This adjustment increased corn profitability by $40 per acre, even with the inclusion of additional pesticide applications. On top of that, the breakeven yield dropped by 11 bushels per acre—an impactful shift.

Scenario 3: Exploring Non-GMO Soybeans

Next, we examined switching from traited soybeans to non-GMO soybeans. At first, it seemed like the savings on seed would be offset by higher chemical costs. But Harvest Profit revealed a hidden advantage. Even with a projected yield decrease of 6 bushels per acre, revenue remained nearly identical thanks to price premiums. The kicker? The breakeven yield for this scenario was 10 bushels per acre lower than their original soybean plan. For a North Dakota farm, this reduction in risk was a game-changer.

The Result

By the end of the session, Harvest Profit had provided this farmer with three actionable options. The result? An increase in profitability of $45 per acre and a significant reduction in breakeven yields for both corn and soybeans.

Harvest Profit isn’t just a tool—it’s a strategy partner that helps you find clarity and confidence in your farm’s financial future. If you’re ready to take control of your farm’s profitability, let’s start the conversation today.