John Peterson farms corn and soybeans in Jackson, Minnesota, and came to the Farm Progress Show in Boone, Iowa, in late August to see what's new and to learn about the most current technologies.
âIt's all about return on investment,â Peterson said. âWhatever it is that I am focused on, it needs to bring value back to the farm. Otherwise it's a toy and I really don't have any use for it.â
There was plenty for Peterson and other farmers to consider at the trade show, where company representatives at more than 300 exhibitor booths were doing their best to tease out sales. Farmers collected swag and climbed into the fanciest combines, looking like kids exploring a toy shop.
And why not? Innovative ag technology was everywhere.
Long-established brands are expanding to integrate more technology into existing products while more start-ups are angling for a piece of the high-tech ag market. According to Forbes magazine, last year investment in ag tech companies exceeded $4 billion.
One start-up company at the show, Ceres Imaging, takes aerial photos using a wide light spectrum that picks up plant stressors like disease or pests or dehydration.
âWe're not trying to sell a bright, shiny object that will sit in the yard,â said Barclay Rogers, head of business development for Ceres. âWe're trying to sell something, a data service, that's going to help the farmer make more money.â
He said the images can identify problems before a farmer can see them. With that information, and an agronomic consultation that's part of the Ceres service, farmers can be proactive about managing something that could threaten profit.
âThe farmer's dollar is scarce, right?â Rogers says. âAnd the question is, what is it that's going to deliver the most value on the farm?â
Farmers pay by the acre for Ceres Imaging.
But other tech on display at the show relies on the same approach as consumer products - a free app, with a promise.
David Gray, of Xarvio Digital Farming Solutions, was touting a free crop-scouting app that speeds up monitoring a field to find and identify problems.
âThere's no upsell, there's nothing in the app for purchasing and the grower retains the ownership of all the images,â he said.
A user uploads a photo and the app names the disease or pest that caused the visible damage. The photos are aggregated anonymously and, Gray said, eventually the app will be able to alert farmers if a particular pest or disease is headed their way.
âIt doesn't replace the grower-agronomist discussion,â he said, âbut it speeds up the data collection and the scouting trip so they can get that information more rapidly or cover more acres more frequently.â
When farmers catch problems early, Gray said, they save money, which he insists is the goal, not selling them more gallons of products. Xarvio, though, is a subsidiary of BASF, one of the world's largest chemical companies. (It was started within Bayer, but with Bayer's acquisition of Monsanto, government regulators required the new company to sell off some assets and that's how Xarvio ended up at BASF.)
Other sales pitches at the Farm Progress Show honed in on current trade concerns.
âWith some of the uncertainties in commodity prices and the current trade situation, used has become a high-interest with many farmers that traditionally had been buying new,â said Allen Miller, remarketing manager for CLAAS North America.
Miller said other farmers are hanging onto equipment longer than they used to.
Indeed. Pete Brecht, of Central City, Iowa, paused to measure the tires on a new Kinze grain cart. It's the same size as a used one he just bought. Brecht said he put off the purchase for a year, hoping the price would come down.
He said keeping up with technology is challenging, but in general his investments have brought strong returns.
âSometimes you look at it and you wonder,â Brecht said, âbut after you've had it for a couple of years you wonder why you didn't have it sooner.â
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