AgWeb Seed Research Study 2016

Transcription

1 AgWeb Seed Research Study 2016

2 The Basics survey conducted May 2016 Target Audience -Corn and Soybean Growers in Farm Journal Database No Incentive Offered 671 responses 3.7 Margin of Error

3 Respondents 671 Corn and Soybean Growers from 42 States 87% were corn growers averaging 498 corn acres 82% were soybean growers averaging 454 soybean acres New Mexico, Maine, New Hampshire, Rhode Island, Massachusetts, and Connecticut were the only states without respondents

4 GENERAL

5 Which best describes your farming operation?

6 How do you buy the majority of your seed? Numbers may not add to 100% due to rounding

7 28 % of respondents say they will be trying a different seed brand this year Reasons vary from price, quality, dealer recommendations, to curiosity. See Appendix for reasons given

8 2016AgWeb Seed Research CORN

9 Corn Planting Practices Numbers may not add to 100% due to rounding

10 Corn Planting Practices What row spacing do your currently plant corn? Other

11 2016 Corn Seed Prices How did the price of your 2016 corn seed compare to 2015? It was less expensive It was more expensive It was about the same

12 2016 Commodity Prices When asked if they expected 2016 corn prices to be lower or higher than 2015, 41% said lower, 24% said higher, 35% said they would be about the same.

13 2016 Commodity Prices At what price would you expect to make money on your corn crop? Answers ranged from a low of $2 to a high of $7 The overall mean average was $3.89 The midpoint was $3.95 The largest cluster or mode was at $4.00 accounting for 20% of the responses

14 SOYBEANS

15 2016 Soybean Seed Prices How did the price of your 2016 soybean seed compare to 2015? It was less expensive It was more expensive It was about the same

16 2016 Commodity Prices When asked if they expected 2016 soybean prices to be lower or higher than 2015, 31% said lower, 38% said higher, 31% said they would be about the same.

17 2016 Commodity Prices At what price would you expect to make money on your soybean crop? Answers ranged from a low of $3.25 to a high of $15.00 The overall mean average was $9.20 There were 2 clusters 92 saying $9.00 and 91 saying $10.00

18 APPENDIX - Reasons for switching seed brands - Ways plan to economize in this farm economy

19 Reason trying new seed brand # Reason trying new seed brand # Reason trying new seed brand # Reason trying new seed brand # Dealer 2 Always looking at new 1 reccomended 1 see if better produce 1 Dealer came to us 1 always trying new seeds 1 recomendation 1 see what's better 1 Dealer planted twin rows 1 argi gold 1 Reputation 1 Send didn't come as order ed 1 dealer recommend 1 availability 1 salesman recommendation 1 Something different 1 Dealer recommendations 1 Available maturity group 1 Based on local variety plot results from 2015 crop 1 son in-law purchase 1 Dealer sells for a new company 1 Axis 1 Experment 1 spread risk 1 genetics 1 became a seed dealer 1 good results on test plots 1 Stine Liberty Link 1 Had the traits that I was looking for 1 Becks 2 In test plot 1 stuff 1 Non GMO 2 Beck's least equipment plan 1 It placed in the top 3 in Auburns Variety Test 1 switch to Liberty soybeans 1 non,gmo 1 buying from local producers 1 last years plot results 1 Switch year to year 1 Non-gmo 1 cause 1 looked good in university trials 1 the latest oat varity for milling 1 Try genetic package 1 Change of growing location 1 Putting out test plot 1 to keep up with new seed. 1 try new genetics 1 Check 1 samples last year did well 1 Pioneer 1 Better price 2 Closer dealer 1 Seed plot yields were good 1 Plan to start planting low lin beans from Pioneer to get $0.50 per bushel from Bunge North America. 1 Better price and customer service 1 compare yields 1 test 1 planted in the past 1 Cheaper 5 could not get preferred brand 1 test results 1 Planting chickpeas instead of canola. 1 cheaper and better 1 Croplan has good test results in our area 1 Test results on my own farm 1 Plot comparison 1 Cheaper price 1 curiosity 1 Test trails where good in my sera 1 producers hybrid 1 cheep 1 Dairyland 2 Testing 2 progressive 1 cheeper 1 Different maturity date 1 Trials 2 Retailer availability 1 cost 12 differnt chemical tolerance 1 Add variability 1 Rupp 1 Cost and higher yield 1 DNA 1 alway use a few new brands 1 see any diffence 1 cost is to high 1 Enogen 1 Always looking around 1 The whole package 1 cost of seed 1 Felt right 1 To see how it yields against Becks 1 they have a good variety for a specific field 1 current brand to expensive 1 Food grade 1 To see if we could get yields comparable to other brand. 1 yield 1 finding cheaper seed 1 food grade white 1 To try it 1 yield nc state 1 got a good deal on new varieties 1 For drought tolerance 1 try something new 1 yield plot 1 Higher discount (lower cost) 1 Free 1 Trying some becks 1 Yielded well last year in a test plot 1 less cost 1 free sample 1 variety 3 agronomist suggested this brand 1 Lower cost 2 Friend sells it 1 Want 2 plant the best there is. There for I must try new things 1 crop tour and friends recommended 1 Lower price 1 Fs, as grow 1 Wanted access to a new trait 1 Farmer suggested 1 lowerprice 1 Good salesman 1 wanted to compare 1 Heard it was good 2 OFFER 1 had used before with good results 1 We are always looking for new ways to make a more profitable and reliable product. Trying new things is essential in becoming sucessful. We haven't seen much increase in our yield so we researched and wanted to try something new. 1 Neighbor 1 overall cost 1 hay 1 Wheat 1 Neighbor talked me into it 1 Pioneer price too high 1 Herbicide resistance 1 White mold protection 1 they seemed to offer better crop scouting 1 price 15 I always do to make sure I've made a good decision 1 Why not 1 Bought from three seed corn companies to compare yields, test weight and dry down costs, and also make a larger profit!o t 1 price and feed value for cows 1 I am trying new crops. 1 willing to try new products 1 Excessive cob drop /poor stalk strength 1 Price and performance 1 just did 1 W-L 1 higher yield 1 price and quality 1 Just to compare 1 wyfells 1 Improve yield. 1 price and yield 1 Know for having non-gmo seed 1 more yield; standability 1 looking for better yeilds 1 price competitive 1 LG 2 Not happy with Pioneer 1 Looking for better yield 1 price is lower 1 liberty 1 Not impressed with last years seed 1 Looking for something better 1 same genetics at a lower price 1 Liberty beans because Roundup not work 1 Performance 1 Looking to increase output 1 seed deal 1 Liberty trait 1 pioneer's poor performance 1 see how it performs with changing weather patterns 1 To lower cost in future years 1 lost money 1 poor results from previous brands 1 See how it produces 1 better quality 1 Low Liingin alfalfa...pioneer dealer couldn't get it 1 Potention of increase yield 1 no reason 1 better yield 1 More acres 1 problem with old brand 1 One stop shopping 1 Better yield in 2015, lower cost per acre 1 munsun 1 Saw good yield results 1 Personal reasons 1 Was not happy with some last year 1 My son became a dealer 1 Should yield more 1 Pfisters 1 yd 1 neighbor selling seed 1 Something different try to improve yields 1 Trying to make a better yield 1 yeild 2 New dealer 1 Standability 1 yeild results 1 new trait 1 Tried different brand in 2015 to save some money on seed costs but it preformed at a lower level. 1 nk 2 New variety # 1 Value 1

20 HOW DO FARMERS PLAN TO ECONOMIZE IN THIS FARM ECONOMY Reduce farm equipment purchases 71% Delay non equipment capital purchases 43% Employ no or low till farming practices 39% Negotiate lower land rents with landlords 24% Purchase less traited seed to reduce seed costs 24% Buy less fertilizer 22% Increase variable rate application of fertilizer and crop protection inputs 20% Purchase fewer pesticides, fungicides and insecticides 19% Reduce energy consumption (through better equipment maintenance and/or power generation) 18% Reduce seed traits 17% Restructure loans to improve cash flow 16% Reduce use of agronomists and other outside consultants 15% Use non GMO seed 12% Switch acres to another crop 11% Purchase less crop insurance 10% Purchase more traited seed to reduce insecticide costs 8% Fire or not re hire personnel 7%