New Harvest Profit program offers powerful cost and profit tracking

Farmers across Australia and New Zealand now have a unique new tool in John Deere’s Harvest Profit, a convenient cost and profit tracking software platform that offers near-real time profitability monitoring across crops and fields.

Harvest Profit is an all-in-one farm management software program designed to be integrated with John Deere Operations CenterTM to provide valuable insights and analytics and improve farm profitability.

Harvest Profit includes tools such as grain inventories and financial reports to quickly show farmers how their businesses are performing day-to-day.

John Deere Manager of Production System Specialists, Max Cusack, said Harvest Profit is designed to help farmers become as familiar with managing finances as they are with growing a crop.

“Harvest Profit uses multiple scenarios and templates and intuitive integration with Operations Center to provide clear insights into costs, revenues and profits, so that farmers can make data-driven financial decisions,” Mr Cusack said.

“Harvest Profit can provide the answers to questions such as what’s my cost of production? What’s my profitability for each field? If I plant more of a certain crop, how does that impact my profitability and overheads? How much production have I sold and how much crop inventory do I have on hand?”

“Farmers in Australia and New Zealand are seeking to gain every efficiency possible to improve financial outcomes, and Harvest Profit is the key to calculating those metrics.”

Portable and easy to use, Harvest Profit includes features such as total farm profit and loss (P&L); field by field and crop by crop P&L; grain contract management; machine data such as hours, usage and cost of farm equipment; scenarios analysis; and grain inventory management.

Ben Longlet, John Deere Digital Specialist - Harvest Profit, said US farmers have had access to Harvest Profit for 10 years, and rely on the data to analyse any financial decision they make on their farms.

“In the US, farmers rely on Harvest Profit as a tool to help them make decisions as diverse as an equipment purchase, land acquisition or whether to apply another pass of fertiliser,” Mr Longlet said.

“While most farmers don’t spend more than an hour per month working on their Harvest Profit account, they are usually checking the data and reports daily through its web and mobile apps.

“This strong integration makes is easy to add financials to the data you’re already collecting on the farm, and unlike other tools that focus on the past, Harvest Profit enables farmers to analyse profitability so they can confidently create budgets for the coming season.”

John Deere is offering a 14-day free trial of Harvest Profit with full access.