Project Type: Professional Development Program
Funds awarded in 2021: $89,185.00
Projected End Date: 01/31/2024
Grant Recipient:
Univ of Wisconsin-Madison Division of Extension
Region: North Central
State: Wisconsin
Project Coordinator:
Jenny Seifert
University of Wisconsin-Madison Division of Extension
Description:
Environmental Defense Fund, the University of Minnesota’s Center for Farm Financial Management, the Minnesota State Farm Business Management program, and the University of Minnesota Extension’s Southwest Minnesota Farm Business Management Association are leading a collaborative effort to gather farm-level financial data on cover crops.
The project is gathering detailed financial data on cover crops between 2022-2024 from corn, soybean, and other row crop farms across Minnesota. Financial impacts will be evaluated across different species, mixes and uses of cover crops. The returns and expenses of commodity crop fields using cover crops will also be compared to fields without cover crops.
The project aims to inform producer decisions by analyzing actual farm financial data. The data and insights from this project may also provide value to federal and local cost-share programs, agricultural lending solutions, and other climate-smart initiatives.
The project is gathering detailed financial data on cover crops between 2022-2024 from corn, soybean, and other row crop farms across Minnesota. Financial impacts will be evaluated across different species, mixes and uses of cover crops. The returns and expenses of commodity crop fields using cover crops will also be compared to fields without cover crops.
The project aims to inform producer decisions by analyzing actual farm financial data. The data and insights from this project may also provide value to federal and local cost-share programs, agricultural lending solutions, and other climate-smart initiatives.
Type:
Decision-making Tool
This product is associated with the project "Closing the Financial Information Gap in Conservation Agriculture"
Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture or SARE.