Matt Stockton, ag economist at the University of Nebraska-Lincoln's West Central Research and Extension Center, says buying the wrong seed could cost more than you think.
Using numbers from the 2018 Testing Ag Performance Solutions farm management competition, Stockton notes there was a difference of up to $173.58 per acre in return on investment between different participants, just from using a different hybrid.
"This [TAPS] program is an opportunity for producers to do different things, make different decisions and compete against each other for profitability, not just yield," Stockton says. "I've taken the information from all of these contests, and I was doing some work with seed variety and looking at all the things producers do, and we've been able to find out that seed variety selection makes a big difference in your profitability. That really shocked me, because I didn't expect that to be the case. I figured seed is seed."
Learn more by listening to the latest episode of Down in the Weeds.