00:00:00 Hello everyone. Galen Beer with Agro Liquid standing here with Stephanie Linco, also from Agro Liquid 00:00:05 and Chad Henderson, a, an extreme ag member from Huntsville, Alabama. We did an unusual challenge plot on Chad's farm this year, 00:00:16 looking at profitability at different corn prices. What was the game plan? What would we have done if we had that? 00:00:24 Galen said, Hey, this time last year, if we had $4 corn, what would you do? What did we do? We started selling four corn. 00:00:30 So if he says we're gonna do a challenge pot with $2 corn, I'm gonna kick him in his knee. We can't do this again. So 00:00:39 what do you think Steph? So What we did is we built a fertility program. If we would have $4 corn, $6 corn, and $8 corn. 00:00:46 And what we found is growers are spending about 18 to 20% on their fertility budget. So we used that number and built four fertilizer, 00:00:53 three fertilizer programs at those different price ranges, applied the fertilizer 00:00:57 and then came back to see what our yield and return on investment was in the fall. We also had money at some places menu at $8. 00:01:04 You know, we had more micro 500 than we could stand to put out, you know, and then at $4 like, man, I gonna get any fers, you know, so we, we, 00:01:10 it was all the way through the fers, it was through the wide drop, like it was every aspect of this. But you know, the one bearing cost was always, well, 00:01:17 seed was fixed, fertility was fixed, and then everything else was kind of a, a running total, you know? Yeah. 00:01:23 So what we found come harvest is yields were all pretty similar. Um, we had a range of 2 67 00:01:29 to 2 80, 180 1 is what it was. But if we put those economics to it, what we paid for that fertility program, our ROI was very similar. 00:01:37 Really not a huge difference between those three fertility programs. And that just kind of proved that growers can spend that 18 00:01:43 to 20% and get that return in yield to offset that extra fertilizer cost. So what It to a point, it was like 5.4, 5.6 00:01:53 And 5.5 And 5.5 and that was four, six, and eight. So that's $5. For every $5 you spend, you're getting a return on it. 00:01:59 Yes. For every dollar you spend, You're getting, every dollar You spend for every dollar you spend, you're getting a $5 return on it. 00:02:04 Yeah. So that, that's the way it was placed out to be an exact number, but, well it won, but how did it win? That's how it won. You know, so that's 00:02:11 how close it was when she talks about it. It was very close. And so as a grower, if I'm looking out 00:02:15 to next year aligning my expenses with my revenue, 'cause we're talking about spending 18 to 20%, I'm gonna look at December, 2025 corn 00:02:24 and whatever my yield goal is, if it's 200 bushels per ac or take that times 4 25 00:02:29 or whatever, uh, December, 2025 is today as we're we're filming this. And then you can kind of back into it a little bit. 00:02:36 And you know, we've had these conversations last few years, you know, like, oh, and you know, it seems like, you know, y'all say dry fertilizer is the first one. 00:02:43 It maybe goes out parts of dry fertilizer and then liquid goes out and you know, certain things go out. 00:02:49 But when we started this trial, the $4 corn got 50 pounds of fertilizer in strip tail. 00:02:53 And we had started that because of the budget we had. Remember Stephanie said we're anywhere from 18 to 20% on dry fertilizer. 00:02:59 So that's kind of how we started Ramp, ramp ramping this thing up. Yeah. So I mean, we did learn that if you are careful 00:03:06 that you pay attention to your nutrient inputs, you can get a good ROI. Yep. At low priced corn. At high priced corn. 00:03:13 Maybe it's a little easier at the high priced corn, but we still prove that even at the $4 corn, which Chad's blaming me for, 00:03:20 but we did still have that good five to one return. So, And it's all about making a plan and sticking to it. Mm-hmm. We started this plan in the fall. 00:03:28 We've seen what was coming. You know, did we want it do? Was we hoping we was wrong? Yes, we was. 00:03:33 But you know, we've seen this coming. Stay with your plan. When you get a plan and you get it, stay with the plan. 00:03:39 Don't let emotions run one way or another. Make an educated decision. Use the people at Agri Liquid. Use your agros that you have on staff 00:03:46 to help you through these plans. You know, that's what, that's what people are here for. You know, it's just not, oh, I wanna sell you fertilizer. 00:03:52 Everybody's gotta stay in business and we have to beat work as a team to do this. Yep. And I think that's a good wrap up is, 00:03:57 you know, look at a soil test. Mm-hmm. Work with an agronomist and know where you can cut those dollars back 107 00:04:01.745 --> 00:04:03.245