Inputs and Handling

Inputs

Inputs for high oleic soybeans are comparable to commodity soybean production. High oleic soybeans come with the same disease and trait packages as your other varieties, keeping your management plan on track.

Handling

High oleic soybeans require limited additional handling to segregate for added value. Some cleanout is required to get a premium for the soybeans. Many processors offer harvest delivery at local elevators.

Calculate Your Costs

Want to see how high oleic soybeans fit in your operation? Use this tool to calculate the inputs and handling costs specifically for your farm. 

Labor Rates Close

Cleanout/Record Keeping may be done by the owner or by hired help. A rule of thumb for a farmer is $100/hour. Hired help can range from $15-30 depending on experience.

Equipment Cleanout Close

Some cleanout will be required when planting IP soybeans. Consider how much total time would be used for cleanout which may include the planter, combine, grain cart, wagon, bin and truck. The estimated clean out time for each piece of equipment is 2-4 hours depending on your operation with an estimated average total of 16 hours for hard IP products.

Labor Rates

Cleanout may be done by the owner or by hired help. A rule of thumb for a farmer is $100/hour. Hired help can range from $15-30 depending on experience.

OK

Equipment Cleanout Close

Limited cleanout may be required when planting high oleic soybeans, depending on each processor's agreements. Consider how much total time would be used for cleanout which may include planters, combines, grain carts and more. Some contracts may not specify any cleanout requirements, and, at most, cleanout should only be a few hours total.

Labor Rates

Cleanout may be done by the owner or by hired help. A rule of thumb for a farmer is $100/hour. Hired help can range from $15-30 depending on experience.

OK

Record Keeping Close

IP Soybeans require some additional record keeping to ensure purity. These could include planting and harvest times, crop maintenance, storage and more. Consider how much time it may take you to complete extra reports. The estimated record keeping time is 2 hours, but this will vary per operation.

Labor Rates

Record Keeping may be done by the owner or by hired help. A rule of thumb for a farmer is $100/hour. Hired help can range from $15-30 depending on experience.

OK

Shrink Close

Shrink accounts for the change of weight due to loss or gain of water from harvested moisture content to final moisture content. Your elevator may have a standard rate of shrink that they use.

OK

Border Strips Close

Border strips account for the area on the edge of your fields that cannot be sold as IP to protect the purity of the product.

Width (in Feet) by Multipy
Length in for
Total Acres
OK

Planting Delay Close

Planting delays occur when you plant commodity soybeans prior to IP. You can eliminate delays by planting IP first. Delays should only be considered after the optimum planting period in your location has passed.

Estimate: 0.4 bushels per day decline.

OK

Harvest DelayClose

Harvest delays occur when you harvest commodity soybeans prior to IP. You can eliminate harvest delays by harvesting IP first. Delays should only be considered if harvest occurs after the ideal harvest time.

Estimate: 8 percent over 2 weeks or .57 percent (.0057) per day

OK

Wasted StorageClose

Some farmers consider unused space in their bins as wasted space. If you think your bins would be left unfull, you can add numbers here.

OK

Planting DelayClose

Planting delays occur when you plant commodity soybeans prior to IP. You can eliminate delays by planting IP first. Delays should only be considered after the optimum planting period in your location has passed.

Estimate: 0.4 bushels per day decline.

days
bu/A
%
OK

Harvest DelayClose

Harvest delays occur when you harvest commodity soybeans prior to IP. You can eliminate harvest delays by harvesting IP first. Delays should only be considered if harvest occurs after the ideal harvest time.

Estimate: 8 percent over 2 weeks or .57 percent (.0057) per day

bu/a
%
OK

Storage IssuesClose

Some farmers consider unused space in their bins as wasted space. If you think your bins would be left unfull, you can add numbers here.

bu
/bu $
mos
OK

Identity Preserved
Soybean Profit Calculator

Select a class of Identity Preserved Soybeans below.

Hard IP

Requires maximum purity. Examples include seed production, non-GMO, organic or food grade. Often referred to as specialty.

High Oleic

Easier handling procedures. Purity requirements not as stringent.

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Soybean Profit Calculator


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soybean-logo Identity Preserved
Soybean Profit Calculator


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Additional Revenue ()

Revenue from Growing IP ( , , )
Border Strips ()
Total Revenue from IP
Total Revenue if Growing Commodity ( , , )
Additional Revenue from IP

Additional Costs (Savings) of IP

Seed Cost
Herbicide
Cleanout Labor
Record Keeping Labor
Delivery
OptionalPlanting Delay Calculate
Harvest Delay Calculate
Storage Calculate
Total Additional Costs
Additional Profit from IP

EXPECTED IP YIELD

Drag the slider to modify your IP yield.

0 100

Your Revenue

First we'll need to learn about your farm's current production. This will help us set a baseline for comparing identity preserved soybean production.

Commodity Revenue

bu/Acre
/Acre $
/Acre $
/bu $

Identity Preserved

Now that we've gathered your current information, let's take a closer look at your expectations from identity preserved soybeans

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Added Revenue From Identity Preserved Soybeans

Acres

Calculate

Acres
bu
/Acre $
/Acre $
/bu $

Labor

Labor

Cleaning out equipment and more detailed record keeping can require additional time. Let's estimate any additional labor costs you will incur.

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Equipment Cleanout What does cleanout involve?

Hours
/Hour $

Record Keeping What does record keeping involve?

Hours
/Hours $

Delivery

Delivery

Finally the delivery of identity preserved soybeans can create additional expenses. If you will be delivering to a different location than your normal delivery point, you can calculate those costs here.

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Capacity

bu

Distance

Miles
/Miles $

Shrink How do I determine shrink?

%

See Your Results