Will we get the acres planted?
Will we plant more corn acres or fewer corn acres?
Will Mother Nature help or hurt this crop during pollination?
No one knows the answers to these questions, but to help relieve the anxiety, take advantage of the GrainBridge “WHAT-IF MATRIX” to understand how potential price swings might affect the profitability of your operation. Preparing for the “unknowns” will give you confidence in making the right decision when executing a plan!
Connect the columns between the futures price and yield to view the net value per acre for your entire operation including, sold/unsold grain, gain/loss from futures, options and any potential indemnity payment (expressed with an umbrella). At today’s price of $3.96 and a current yield estimate of 180.45 bushels, there is a $2.75 per acre gain above my target goal. Creating scenario’s for your operation is as simple as selecting:
- the commodity,
- price & yield increments,
- your crop insurance program,
- “Run Report”
Take the stress and anxiety out of the potential “unknowns” and run your own scenarios to help understand your potential risk exposure.
For questions about the “What if Matrix” tool, contact your local GrainBridge provider or firstname.lastname@example.org.
The 4.0 update to GrainBridge contains exciting new features that our team is very pleased to unveil. The changes for this version of GrainBridge were focused around expanding livestock management and enhancing both crop and livestock planning tools, as well as further integrating crops and livestock for those producers who manage both.
Integrated Crop and Livestock Management
One of the first changes that will be seen when logging into GB 4.0 is that there are no longer separate tabs for managing crops and livestock; these are now both found under the “Risk Management” tab.
Throughout the program, you will find crops and livestock are now managed side-by-side. This is extremely beneficial for operations that raise both crops and livestock, as the breakeven calculations now truly account for all aspects of the business in one location. On the Summary page, you can get an accurate glance at total revenues and how above or below target you are on all commodities.
You can toggle between Livestock and Crop summary graphs to get a more detailed account of target vs current values.
Crop and Livestock profiles as well as cash sales also now share screens.
New Cow/Calf and Dairy Management Modules
The most dramatic expansion of the GrainBridge platform is within the Livestock component, to which we added functions for effectively managing cow/calf and dairy operations.
These new livestock profile types come into the program alongside our new “expenses per head” section, which is found under the Plan alongside per acre and gross expenses.
Enhanced Per Acre and Gross Expense Management
Along with developing this advanced calculator for “per head expenses” for livestock, our team also revamped the per acre and gross expense sections. Expenses for different profiles are now side-by-side in the Plan, and your breakeven prices are updated on the fly as data is added and edited.
Gross expenses and Income amounts can now be allocated in percentage amounts to particular profiles to establish even more precise breakevens on certain fields or particular commodities.
Custom expenses can now be placed under a particular expense category, allowing further detail and organization when planning and tracking expenses throughout the year.
The updated look for these Plan screens (for all expenses and incomes) also include more graphs for those who plan best when data can be visualized. Clicking the pie-chart icon next to any expense will show that expenses overall allocations across the operation.
As always, we love to hear feedback on our program, especially when we bring in new features. As you explore these changes and new tools, never hesitate to get in touch with comments and ideas- either by commenting on the blog or through contacting our Support Team!
Welcome to GrainBridge 4.0.