ROI Calculator
The calculator has some default values for technology, crops and other settings. You can change these values to reflect your agricultural needs. You can export these values as a CSV file to pass on to your dealer or sales representative.
Start by selecting each machine icon to input values for the technology you are using and your crop types. The payback results will update based on the input from all four machine types.
See below for additional instructions.
Instructions
Intro
Our calculator will help you see the economics behind using precision agriculture equipment. Below the calculator has some default values for machinery, equipment and crops. You are free to change these values to reflect your agricultural needs. You can export these values as a CSV file to pass on to your dealer or sales rep.
To Use
Select each machine icon to input values for the technology you are using and your crop types. The payback results will update based on the input from all four machine types. There is hover-over help available on most items. (Just hover your mouse over a field.)
Machinery
The RED icon reflects the piece of machinery you are configuring. Click on the icons to change the type. The default is the tractor. Here is the order of the machinery: TRACTOR, COMBINE, SPRAYER, IMPLEMENT.
Total Savings
This is your total production increase minus the initial cost of the equipment.
Payback Time
This is how long it will take to payoff the equipment investment.
Input Savings
This represents the cost reduction for seeds, fertilizers, herbicides, etc.
Yield Increase
This represents the crop yield increase.
Total increase in production
This is the overall performance increase in savings and increased yield.
Pie Chart Graphic
This represents the total increase in production and input savings for all equipment types configured.
Save CSV
This allows you to save your values to a CSV file.
Reset Demo Data
This populates the sheet with the initial demo data.
Clear Form
This allows you to clear out all demo data and reset the “Optional Settings” back to defaults.
Settings
This section allows you to modify items like profit margin, production costs, etc. These settings are based off of industry averages. The “Clear form” will reset this back to factory defaults.
*This Calculator is provided by AGCO for informational purposes only and calculations are based on precision farming industry averages. AGCO does not represent or warrant the accuracy of the Calculator and disclaims any liability associated with your use of, or reliance on, the Calculator. Actual results may depend on a variety of factors and may differ significantly from calculated results. You are encouraged to seek your own independent advice and perform your own calculations regarding the potential savings associated with the use of precision farming equipment.
References:
http://nydairyadmin.cce.cornell.edu/pdf/submission/pdf161_pdf.pdf
http://www.precisionag.com/works/institute/eight-of-10-adopters-say-precision-agriculture-pays/
http://www.precisionag.com/works/institute/precision-agriculture-higher-profit-lower-cost/