- Location
- Northumberlandia
We all have them areas but they Schemes want you still too loosing some prime producing land i'll bet to go past there version of monoply & collect that £200 if you know what i meanI know some who are plugging ten years worth of input and yield map data into clever analaytics software to create long term profitability maps which you can then forecast against different commodity prices and scenarios to see what outcomes will be. You can then use that data against your own scenario costings and due dilligence to make a more informed decision.
I know of one who found out 30% of his farm was regularly losing money and diluting the profit/yield. Was admittedly a large farm. Meant a restructure of machinery/overheads and a chunk of land out of production. Profits up. Haven’t done it yet myself but considering if only to be sure it’s actually the right thing to do and if the areas I suspect aren’t performing are as I think they are.