By Top Crop Manager
July 24, 2014, Guelph, Ont. –The Agricultural Management Institute (AMI) launched The Most Profitable Acre Challenge Wednesday to test the skills of business-savvy corn and soybean crop farmers.
The challenge looks at farmer input costs, production practices, yield, sale prices, money management best practices, and more to determine the most profitable acre harvested by corn and soybean farmers in Ontario. The challenge celebrates farmers who have successfully implemented best business management practices, and encourages all crop farmers to evaluate the way they run their businesses in order to maximize efficiencies and profitability.
The competition is open to all corn and soybean farmers in the province. The winners will be graded on cost of production and value of returns, as well as a points system.
To register, corn and soybean farmers must submit their name, phone number, and email address to AMI at www.takeanewapproach.ca/challenge by Nov. 23. Contestants must be available to participate in two half-hour phone questionnaires with an AMI staff member in December. During the initial phone call, the participant will be asked a set of 13 crop production and business management related questions. Top scoring applicants will be asked to participate in a follow-up phone questionnaire.
The grand prize winner will be awarded their choice of an FM-750 Display Trimble GPS, or a trip for two to one of three farm show destinations, including the 2015 Commodity Classic in Phoenix, Ariz., the 2015 Machinery Show in Louisville, Ky., and the 2015 International Farm Management Congress in Quebec City, Que. Prizes for second and third runners-up will be announced closer to the contest close date. The winners will be presented with their awards at the 2015 Grain Farmers of Ontario March Classic.