News from YAGRO and information, insight and commentary on agtech and farming.
Create a Virtual Group and learn from your trusted peers
As many of you will know, last month we launched YAGRO Analytics. We want to highlight a key feature of this new tool: our ‘Virtual Groups’, where you can share detailed cost of production data with trusted peers, for the betterment of your farm and peer group.
A new product launched to plug BPS hole in farm businesses
Cambridge-based data & technology company YAGRO Ltd today announced the release of their ground-breaking new product, YAGRO Analytics™, which aggregates on-farm business data into a simple online tool, and gives the farm manager incredible detail and insight on the farm’s current and historical performance.
Suppliers to reward early orders
The new Nitrogen season has kicked off with early terms offered on farm. To make the right call at the right time, it’s important to understand how prices are set, and what supply chain dynamics are important.
Since the green revolution, agrochemical patents have been the lifeblood of R&D, by guaranteeing exclusivity of supply to the inventor of a new chemistry for a set time period. So what happens when these patents expire? We have analysed real farm gate prices of the industry classic, Amistar
We are often asked the question: ‘is benchmarking actually going to result in better performance for my business?’ Thanks to some clever number-crunching at YAGRO, we’ve found the statistical answer. Data shows an average £7.50/Ha saving for a wheat crop, straight to the farm’s bottom line, every year.
Opportunities in dynamic price movements
Our data team did a detailed analysis of the YAGRO Ag Chem price database showing a 0.5% decrease in real farm paid prices 2018-19. Understanding these moves across 1’500 products is not an easy job. However: the dynamics of the market show how significant cost reduction opportunities might exist, even where average inflation is flat. Accurate product understanding and selection is critical – as is direct control of your purchasing, so you can pick and choose to follow the opportunities.
Industry risk appetite falls; review and reduce policies
Among the current global turmoil, we explore the impact on the insurance industry and what it means for UK farmers’ risk management. Thankfully for now, main agricultural production has been relatively sheltered from the immediate impact we have seen in sectors such as hospitality and retail. As such we have not seen a huge financial strain on insurers in this sector – though plenty of enquiries to clarify policy positions.
Slowed supply chains; deliveries at 10 days
Fuel supply markets have suffered several disruptions in the past days that are ultimately impacting the ease of moving fuel around the country. The complication at this time comes from the latest guidance on COVID-19. While there is limited impact as yet, suppliers and depot managers are getting concerned. We recommend farms keep an eye on stocks, keeping at least 10 days in the tank through this busy time.
Insights from a whirlwind tour of Australian farm innovation
In February this year we were invited by Innovate UK to take part in the Global Business Innovation Programme to Australia. This involved 12 leading UK AgTech companies to foster international partnerships and explore commercial opportunities between markets. We cover the key insights from the market.
Keep your insurance sharp, at the click of a button
Farm insurance is an overlooked area of cost. Getting competitive quotes at renewal time is a painful, time consuming process – often leaving premiums free to creep up over the years.
