This tool is intended to capture a snapshot of the immediate financial expenses and income that a farm may experience in using practices such as cover cropping and reduced tillage, particularly in grain crop systems.
Estimating, or even better knowing, your cost of production on a per bushel or per ton basis helps to determine marketing or purchasing strategies.
Pricing corn silage is a difficult decision because it often comes at a time when emotions between sellers and buyers are high. The seller has the opportunity to sell a corn field for either silage or grain and incorporate the fertilizer value of the stover back into the field. The buyer has the opportunity to buy a corn field for silage or buy grain from the market and purchase low quality straw (wheat or corn stover aftermath) to formulate rations.