Easily and visually analyze costs, yield and estimated profits at the crop and field levels, learn what is working and not working financially, and make decisions that will significantly improve profitability.
Cost & Profit Analytics complements Zone Economics nicely. Cost & Profit Analytics shows the costs and profit for specific fields. Zone Economics can shed additional light on why, by letting you see on a map the variability within the field.
Top 4 Things to Know about Cost & Profit Analytics
Enables crop and field cost and profit analysis
Calculates crop break even price
Allows “what if” scenarios for impact of crop price on profit
Select multiple crop years to see an average performance over time
Use this tool to answer some of these critical business questions:
Should I continue to rent this field or farm? What is my profit or loss?
What is my breakeven sell price?
What will my profit or loss be if I sell at this price?
What are my best and worst performing fields, financially? Why?
Should I continue to farm this field?
Are more expensive varieties or additional agronomic inputs paying off financially? (not just yield impact but the economic impact)
Should I make crop mix changes next year? What was my profitability for each crop on a per acre basis?
How does it work:
Go to Insights - Cost & Profit Analytics
Below is an example screenshot of a report in Cost & Profit Analytics.
Let's look at each section:
Section 1: The Analysis
Section 1 is made up of Selections for the Report, a Visual Breakdown of the data, and then a List View.
Selections for the Report
Determine the type of report you want to see:
Analyze
Cost
Profit
Yield
Cost Per
Acre
Unit
View By
Crop
Crop Type
Crop Year
Farm
Field
Variety
Filter by any of the following options
Crop Year
Select more than one crop year to see how a field performed over multiple crop years
Crops
Fields
Irrigation
Inputs
Include/Exclude Costs
Remember to hit Save
Tip: In the top right corner there is an export button you can use to download this report as either a PDF or an Excel file
Visual Breakdown
The visual breakdown consists of a chart or graph of the results of your selections for the report.
Use the check box and drop down to change the way your data is visually displayed.
Hover your mouse over one of the bars, and a breakdown of that data will become visible.
Tap on a bar and a Detailed report will appear. To return back to your original report from this detailed report, click on "< Report Overview" at the top of the screen.
List View
Below the visual breakdown of the data, will be a list view of the same information used in your visual breakdown.
To re-organize your data, click on one of the arrows in the header row and you can sort your list by the selected header.
Section 2: Saved Reports
Your instance of Conservis comes with a few saved reports, but you can add customized reports by clicking the blue +New button.
When you click on the name of a saved report, it will automatically add filters to display your saved report on the right side of the screen in section 1.
Section 3: Settings/Selecting budget
At the top left is a link for Settings:
To view profit, and to analyze full costs, not just activities, select the budget you want to use:
If you are near the end the crop year and have entered actual indirect costs and other revenue, select "Actual". Otherwise select Plan, and then budgeted indirected costs and other revenue will be paired with actual activity costs and actual crop revenue to give you a forecast.
You can also select budget vs actual for different categories by selecting Advanced Options. Let's say you have entered actuals for everything but land costs; you could enter Plan for Land cost:
