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Increase Grower Profitability with More Accurate Yield Data Analysis Hosted by:

Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

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Each field is a unique and complex system. Help your growers get more from every acre by giving them the most accurate analysis of multiple factors impacting yield on their fields. The AgVeritas yield analysis tool from XSInc makes it easy to determine which field characteristics and management practices drive yield and profitability on every part of your growers' fields.

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Page 1: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Increase Grower Profitability with More Accurate Yield Data Analysis

Hosted by:

Page 2: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Speakers

• Becky HornDirector of Marketing, XSInc

• Angela WalkerProduct Manager, XSInc

Page 3: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Introduction to XSInc• Founded in 1998

• Profitable and privately held

• 75 employees

• Located in Raleigh, NC

• Core technology and service offerings

– Data collection, cleaning and processing, including sales data and production data

– Market research platforms

– Sales performance management tools

– Marketing program administration/fulfillment tools

– Production management systems

– Production analysis

• Clients include manufacturers, distributors,retailers, and consultants

Page 4: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Everybody Knows There’s Variability in a Field

Page 5: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Challenges• New products and techniques become available, but

will they perform on your growers’ fields?

Yield Analysis Map of a Side-By-Side Fertilizer Trial

Page 6: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Challenges

• Many variables affect yield

• Which ones have the most impact on your growers’ individual fields, and where?

ElevationTreatment Soil Types

Field Data from a Strip Trail

Page 7: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Challenges

• Where on the field will it be profitable for your grower to invest?

Yield Map for a Fungicide Strip Trial

Page 8: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

2013-14 Market Survey - Questions

I wish I could economically address the following challenges (pick as many as are applicable). How to:

Analyze multiple factors affecting yield all at once instead of one at a time

Determine which factors best explain yield variability on a field

Perform on-farm, in-field trials as accurately as small-block replicated trials

Get a map showing unexplained low yielding areas to target my inspecting

Reduce costs for my growers by targeting treatment only where it’s needed

Page 9: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

2013-14 Market Survey - Results

72%

69%

83%

100%

97%

Targeting Treatment

Map for Inspecting

On-Farm Trials

Which Factors Best Explain

Analyze Multiple Factors

Percent of Population

I wish I could economically address the following challenges:

Source: 2013-2014 XSInc interviews; sample size=60

Page 10: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Percentage of Growers Collecting Data

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0-20% 21-50% 51-80% 81-100%

Percentage of Growers Collecting Data

Percentage of Responders

Page 11: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Percentage of Growers Using Data

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0-20% 21-50% 51-80% 81-100%

Percentage of Growers Using Data

Percentage of Responders

Page 12: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

2013-14 Market Survey - Results

0%

10%

20%

30%

40%

50%

60%

70%

80%

0-20% 21-50% 51-80% 81-100%

Percentage of Growers Using Data

0%

10%

20%

30%

40%

50%

60%

0-20% 21-50% 51-80% 81-100%

Percentage of Growers Collecting Data

Growers Collecting Data

Growers Using Data

Source: 2013-2014 XSInc interviews; sample size=60

Page 13: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Data-to-Knowledge Disconnect

“We have all sorts of information being collected, from direction of travel to speed, weather data and planter settings.”

“What are we doing about mining this big data to extract knowledge out of it? That’s why precision is so frustrating — because we’ve not made a lot of progress on that front.”

~ John Reifsteck ~

*Excerpt from Reifsteck: What Precision Ag Needs, PrecisionAg.com – Paul Schrimpf, May 2, 2013

*

Page 14: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Yield Map That side of the field always performs better.

Why?

Did that fertilizer really work, or did something else affect my yield?

Is the investment really worth it?

What does this yield map tell me?

AgVeritasTM was designed to answerthese questions.

Page 15: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

What is AgVeritasTM?

• Web-based yield analysis tool

• Uses advanced spatial statistics to analyze yield variability

• Provides in-depth results on one field at a time

• Analyzes multiple factors to determine which ones explain more or less of the variability

• Identifies where treatment can be profitably applied

Page 16: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

How does AgVeritas work?

AgVeritas analyzes yield variability

• Unlimited number of variables can be included

Field Conditions Management Practices

• Soil Types• Elevation• Slope• Electrical Conductivity• Nutrient Levels

…..Plus many, many more……

• Seed Choice• Seed Rate• Crop Protection Use/Rate• Fertility Use/Rate• Tilling practice

…..Plus many, many more……

Page 17: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Spatial Effects

• AgVeritas also identifies unexplained high or low yielding areas, AFTER accounting for all known data

• Examples: deer damage, equipment malfunction, former turkey farm, etc. Spatial Effects Map

High yieldLow yield

Page 18: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Fungicide Trial

Soil Types

Elevation

Result of “Averages” AnalysisDifference: 8.0 bu/ac

AgVeritas Fungicide Trial Analysis

Page 19: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Provide additional value to your growers by:

– Identifying areas with “spatial effects”

– Examining multiple factors simultaneously

– Determining which factors have the most impact

– Ascertaining how much yield variability can be attributed to a management practice

– Identifying where it will be most profitable to apply a treatment in the future

AgVeritas - Value Summary

Page 20: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Free Data Analysis

• Give AgVeritas a test drive

• Send us yield data and any additional data files you have for a single field

• Current or past years

Page 21: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Thank you for your time!

Becky Horn – Director of Marketing, [email protected]

919-379-3539www.xsinc.com

Page 22: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

An Example

Soil Types

Elevation Fungicide

Averages AnalysisFungicide: 188.7 bu/acUntreated: 180.7 bu/acDifference: 8.0 bu/ac

Page 23: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

An Example

Low yielding areasHigh yielding areas

Page 24: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

An Example

Most Power

Least Power

Spatial Effects

ElevationTreatmentSoil Types

Soil Types

Elevation Treatment Spatial Effects

Page 25: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

An Example

Considering the affect of spatial effects on yield.

Analyzed yield Compare toAverages AnalysisFungicide: 188.7 bu/acUntreated: 180.7 bu/acDifference: 8.0 bu/ac

Page 26: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

An Example

Yield increase greater than 4 bu/ac

Page 27: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Drawing conclusions

Page 28: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

Any number of variables…

Page 29: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

A New Approach

Traditional Approach

Examines one or two factors at a time.

Assumes other conditions are similar.

Compares averages (ex: treated vs. untreated).

Reveals lots of information but few confident conclusions.

AgVeritas™ Approach

Examines ALL factors at once and identifies the relative importance.

Accounts for spatial effects (ex: unexplained factors).

Compares areas of the field with similar characteristics.

Reveals actionable yes/no results based on profitability.

Factors

Environment

Analysis

Results

Page 30: Increase Grower Profitability with More Accurate Yield Data Analysis - AgVeritas from XSInc

An Examplepreparing your analysis

Export form field

management software

Yield File

As Applied File

Upload to AgVeritas

• Export data from field management software

• Upload to AgVeritas

• Review data once it’s imported

Review data when import

complete