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Harvest Profit includes tools such as grain inventories and financial reports to quickly show farmers how their businesses are performing.
Recently released in Australia and New Zealand by John Deere, a unique new software platform offers near real time profitability monitoring across crops and individual paddocks.
Harvest Profit is an all-in-one farm management software program designed to be integrated with the John Deere Operations Center, to provide valuable insights and analytics, resulting in improved farm profitability.
Harvest Profit includes tools such as grain inventories and financial reports to quickly show farmers how their businesses are performing day-to-day, allowing users to become as familiar with managing finances as they are with growing a crop.
John Deere manager of production system specialists, Max Cusack, said “Harvest Profit uses multiple scenarios, templates and intuitive integration with Operations Center to provide answers to questions such as ‘what’s my cost of production? What’s my profitability for each paddock? If I plant more of a certain crop, how does that impact my profitability and overheads? How much production have I sold and how much crop inventory do I have on hand?’”
US farmers have had already had access to Harvest Profit for 10 years and rely on the data to analyse any financial decisions as diverse as equipment purchase, land acquisition or whether they need to apply another application of fertiliser.
Cusack said farmers in Australia and NZ are seeking efficiencies to improve financial outcomes, “so Harvest Profit, being portable and easy to use includes features such as total farm profit and loss (P&L); field by field and crop by crop P&L; grain contract management; machine data such as hours, usage and cost of farm equipment; scenarios analysis; and grain inventory management”.
“This strong integration makes it easy to add financials to the data you’re already collecting on the farm, and unlike other tools that focus on historical data, Harvest Profit enables farmers to analyse profitability so they can confidently create budgets for the coming season.”
For details of a full access 14-day free trial, visit www.harvestprofit.com.
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