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HOW MUCH CAN YOU SAVE?
Using a side-by-side approach, find out first hand how Nutrient Best Management Practices (BMPs) can boost your bottom line.
The NUTRIENT BMP CHALLENGE™ pays you cash if yield and income are reduced. You’ll save money, improve stewardship and sleep soundly. This is a great on-farm research opportunity—you can’t lose! Limit: up to 120 acres per
farm.
Are You Eligible?
If you farm in Iowa, Illinois, Indiana, Minnesota, Michigan, Ohio, Pennsylvania or Wisconsin and grow corn for grain or silage, you are eligible. Sweet corn, popcorn or corn planted for wildlife are not eligible.
How Does the NUTRIENT BMP CHALLENGE Work?
BMPs are designed to save you money using your field history and soil test results to cut fertilizer costs and maintain yield. Joining the CHALLENGE is easy:
- Enroll one or more fields—before applying commercial fertilizer—by contacting Regina Hirsch at 608-873-8393 or 608 335-7755 (cell) or by email: regina.hirsch@sbcglobal.net.
- You’ll apply your normal fertilizer rates to a check strip in each field you enroll. On the balance of the field, you’ll apply university-recommended BMP fertilizer rates for N, P and/or K with the help of your crop advisor and manage the entire field (check strip and balance) exactly the same way. If you don’t have a crop advisor, we can find one for you. If you are already applying fertilizer at BMP rates, we may be able to help you evaluate even lower rates using the side-by-side approach.
- At harvest, you and your crop advisor will assess yield and contact us if you find a loss. Your payment will be based on yield loss minus fertilizer savings.
Your income is guaranteed!
You will earn at least as much as using your typical fertilizer rate, and in most years, you’ll be putting more dollars in your pocket. If you do earn more by taking the CHALLENGE, we will discuss your income increase with you and ask that you contribute 33 percent of your fertilizer savings—up to a maximum of $6 per acre. This contribution ensures that other farmers will be able to experience the CHALLENGE.
The CHALLENGE is backed by a commercial service agreement provided by Agflex, an Iowa corporation. Agflex is not an insurance company and does not sell insurance. The CHALLENGE is not insurance and pays you only for losses due to nutrient insufficiency.
NUTRIENT BMP CHALLENGE
Example, corn grown for grain
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CHECK
STRIP |
NUTRIENT
BMP RATE |
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Amount
of
N applied |
180
lbs/acre x $0.28/lb. = $50.40/acre |
150
lbs/acre x $0.28/lb. = $42.00/acre |
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Amount
of
P applied |
75
lbs/acre x $0.30 = $22.50/acre |
35
lbs/acre x $0.30 = $10.50/acre |
|
Amount
of
K applied |
0
lbs/acre x $0 = $0/acre |
0
lbs/acre x $0. = $0/acre |
|
Total fertilizer cost |
$72.90/acre |
$52.50/acre |
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$72.90 - $52.50 = $20.40/acre fertilizer cost
savings! |
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Situation
1: Yield loss w/ BMP |
180
bu/acre x $2.20/bu = $396.00/acre |
165
bu/acre x $2.20/bu = $363.00/acre |
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Net
yield loss |
$396.00
- $363.00 = $33.00/acre yield loss |
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Net
economic return |
$33.00
loss - $20.40 savings = $12.60/acre net loss |
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| $12.60/acre performance guaranty paid to grower |
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Situation
2: Yield gain w/ BMP |
180
bu/acre x $2.20/bu = $396.00/acre |
190
bu/acre x $2.20/bu = $418.00/acre |
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Net
yield gain |
$418.00
- $396.00 = $22.00/acre yield gain |
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Net
economic return |
$22.00
gain + $20.40 savings = $42.40/acre net gain |
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$42.40/acre
gain - $6/acre contribution = $36.40/acre net
= $3,640 on a 100 acre field!
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