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How great would it be to track your profitability by crop year and make smart decisions based on reliable data rather than a "best guess"?
Imagine knowing exactly how profitable your farming operation is at all times, having the ability to track your actual profit and loss on a real-time basis against your profit goals and receiving daily the best spot and forward cash bids to help you execute your profit plan.
Numerous software programs have been designed to aid farmers, but Profit Manager is an innovative management program designed specifically for farmers. Profit Manager is the result of several years of planning, researching, reworking and testing with farmers.
Profit Manager:
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• Helps you make decisions based on your cost of production and crop insurance. |
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• Calculates your profit which is your revenue minus your breakeven. |
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• Shows you the total revenue of your sold bushels to date. |
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• Values your unsold bushels daily, utilizing your local elevator price. |
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• Tracks your profitability progress with real-time local price data. |
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• Computes your projected profit or loss for your sold, unsold and combined bushels. |
What is Profit Manager?
Profit Manager is an innovative, profit and decision making search engine that uses a proven strategy to help you identify and achieve your profit goals.
Why use Profit Manager?
Profit Manager is the one place you can plan and track your information securely. It is the go to place to see your current profitability and track your progress against your profit plan.
Profit Manager allows you to track your progress by crop, sold and unsold bushels, and crop year. You can also follow crop sales and unsold inventory easily from old to new, ensuring each crop year is successful and profitable.
For optimal results, Profit Manager considers a multitude of variables including:
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• input costs |
• insurance costs |
• local cash price for unsold bushels |
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• breakeven |
• number of acres |
• average price received for sold bushels |
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• crop yields |
• profit per acre goals |
• daily updated hedge positions | Today's volatile markets demand you take a more disciplined approach to grain marketing than ever before. Profit Manager gives you the tools, strategies and alerts you need to create and execute superior marketing plans designed to increase your profitability.
How does Profit Manager help you achieve your profit goals?
Profit Manager determines the price per bushel needed to meet your profit goals and when it is most profitable to sell you bushels by easily organizing and tracking all the key data that impacts your operation's breakeven and profitability. Data is automatically loaded on your dashboard according to your crops and county so you can review and update your farming operation.
Initially, for your convenience, the following default settings are used for the calculations. You can easily update the defaults at any time.
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Corn |
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Soybeans |
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Input Costs: |
$444/acre |
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$288/acre |
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Average Yield: |
166 bushels |
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46 bushels |
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Profit per Acre Goal: |
$75/acre |
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$75/acre |
How is the price per bushel determined to meet your profit goals?
You define your profit per acre goal and Profit Manager calculates the price you need to sell your bushels to meet your profit goals. The per bushel price needed to achieve your profit goals is determined by comparing your profit goal per bushel to the average price received for your sold bushels and using your local elevator price for your unsold bushels. As you edit your information in Profit Manager, your profit goals will be updated and the price needed for your unsold bushels is adjusted.
How are you notified when your profit goal per bushel is met or exceed?
Daily, Profit Manager compares the price you need to sell your remaining bushels to achieve your profit goals to your CashMax Best Price. The CashMax Best Price is the best spot or forward contract price, net your storage and trucking costs. When your profit goal per bushel is met or exceeded, you are notified via your Growers Edge dashboard or text message, when and where you have the opportunity to sell your bushels.
Know your profitability on a daily basis with Profit Manager!
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