ROI Calculator

This tool is intended to show the economic benefits of precision farming in a simple way.*

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.

5 Year Total Savings

$ 2,420,000

See
More
Potential payback time in MONTHS 3.8
click to collapse
  • 1st year$ 352,000
  • 2nd year$ 517,000
  • 3rd year$ 517,000
  • 4th year$ 517,000
  • 5th year$ 517,000
Savings
22.00%

Select your equipment

Tractor

Technology Qty Cost per unit Input Savings Increase Yields
Guidance
Machine & fleet management
Wireless task file transfer
Total tractor technology investment costs $ 86,000
Total tractor technology increased yields 1.75%
Total tractor technology reduction in input costs 1.5%

Normal gross income $ 2,350,000
Input savings $ 235,000
Yield increase $ 282,000
Total increase in production $ 517,000
Total investment $ 165,000

Crops Area planted Yield per area unit Unit price Total income Input savings Yield increase Savings

Currency
Total cost of production in percentage of total gross income %
Reduction in percent resulted by using precision farm products %
Final costs of production %

v2.0.3

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/