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PROFIT Margins in GMO v. Non-GMO Corn 

PatrickShivers
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27 окт 2024

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Комментарии : 74   
@ThomasT341
@ThomasT341 2 месяца назад
My appreciation for all that farmers do to feed us grows immensely with every new video...
@PatrickShivers
@PatrickShivers 2 месяца назад
Thanks for watching.
@MartinP1214
@MartinP1214 2 месяца назад
Thanks for making easy to understand videos about farming and marketing your products.
@PatrickShivers
@PatrickShivers 2 месяца назад
@@MartinP1214 thanks for watching and commenting Martin! These videos aren’t possible without viewers’ support.
@nezrom9864
@nezrom9864 2 месяца назад
I enjoy your channel because I learn something.
@PatrickShivers
@PatrickShivers 2 месяца назад
@@nezrom9864 thanks for watching!
@luisnunes7933
@luisnunes7933 2 месяца назад
Hello, Patrick! Never loose hope of better days...
@PatrickShivers
@PatrickShivers 2 месяца назад
@@luisnunes7933 thanks Luis! The Lord’s will be done.
@luisnunes7933
@luisnunes7933 2 месяца назад
@@PatrickShivers 👌
@jimmystrain883
@jimmystrain883 2 месяца назад
Very informative, enjoyed it very much, thank you for sharing
@PatrickShivers
@PatrickShivers 2 месяца назад
@@jimmystrain883 thanks for watching. I have 501 farm videos, a lot of which are doing comparisons or explanations
@gregrhodes8451
@gregrhodes8451 2 месяца назад
Thank you for sharing Patrick!
@PatrickShivers
@PatrickShivers 2 месяца назад
@@gregrhodes8451 thanks for watching Greg!
@landonandrews3013
@landonandrews3013 2 месяца назад
That’s a good view from the top of that bin
@PatrickShivers
@PatrickShivers 2 месяца назад
@@landonandrews3013 in some of my videos from previous corn harvest seasons I spend more time showing the view and talking about it.
@BryanFowler-ty4yj
@BryanFowler-ty4yj Месяц назад
I've done some trials of my own with Hybrid85 and in a good year the GMO seed usually beats it. In a bad year the Hybrid85 completely smokes the GMO (pioneer). I continue to plant both but I really like the lower investment of the Hybrid85. You should do a dryland trial next year. Really enjoy your content!
@PatrickShivers
@PatrickShivers Месяц назад
@@BryanFowler-ty4yj dryland corn where i live yields 0-70 bushels depending on the year. No chance of me planting that.
@Swalley311
@Swalley311 2 месяца назад
Great data brother....this one would be worth doing a multi-year trial!
@PatrickShivers
@PatrickShivers 2 месяца назад
@@Swalley311 I have a 3 way peanut variety trial coming up in October.
@chrisfrench8511
@chrisfrench8511 2 месяца назад
Patrick..Great job again. Let`s pick some Butter Beans????
@jaybeeman3628
@jaybeeman3628 2 месяца назад
I told Dekalb was going to when. Lol great video
@tater357
@tater357 Месяц назад
So, the GMO corn got sprayed with Round Up, but the Non GMO corn didn't? Was the cost of the Round Up included in these totals?
@PatrickShivers
@PatrickShivers Месяц назад
Yes, it was. I detail every input cost and what the yield difference is going to have to be to cover the cost in a pre-harvest yield estimate video.
@nezrom9864
@nezrom9864 2 месяца назад
Glad you safely got the auger in place. I got dizzy just watching the video. I was guessing that the higher price for non-GMO corn would make it more profitable.
@MorganOtt-ne1qj
@MorganOtt-ne1qj 2 месяца назад
Maybe. But if you want Full Organic Certification, you have to go 3 years using ONLY Organic products for seed and nutrients. Just non GMO doesn't get you much extra premium $. Unless you are contracted for it.
@PatrickShivers
@PatrickShivers 2 месяца назад
@@nezrom9864 it is possible (but very difficult) to find some premium markets for the non-GMO. The overwhelming majority of non-GMO is sold mixed in with GMO.
@microsoilenhancersinspirey5750
@microsoilenhancersinspirey5750 2 месяца назад
@@PatrickShiversthat was my problem growing non gmo.. those premium contracts are hard to find.. I’ve had one in 5 years. It was a good one but one in 5 is hard to run an operation. Great information you provided!
@johnscurlock1204
@johnscurlock1204 2 месяца назад
Hope you do well . In my area , NC , we had a severe drought and some of the corn looks bad so I don’t know how the farmers did . It looks like a rough year for them.
@PatrickShivers
@PatrickShivers 2 месяца назад
@@johnscurlock1204 corn are at a historic low, soybeans and cotton are also through the floor. Safe bet to say everyone farming row crops is going to lose money this year.
@MorganOtt-ne1qj
@MorganOtt-ne1qj 2 месяца назад
C'mon Patrick! Heights don't hurt you! Falling doesn't hurt you. It's the landing that makes all the difference! I was happy to see the Dekalb come out ahead, not because I like Dekalb, but because I am a believer in GMO being a better way to go if you want to stay in the business. 👍👍
@PatrickShivers
@PatrickShivers 2 месяца назад
@@MorganOtt-ne1qj the GMO seed costs WAY more, but turns out it’s worth it. I did learn that the Roundup application wasn’t necessary.
@johndeere7245
@johndeere7245 2 месяца назад
Dekalb does inventory straight conventional hybrids as well as RR only. You got to plant refuge with Bt anyway, you can always put your refuge in a block and do yield checks. Thinking about swapping around to a conventional Dekalb for next year, although I do like having the option for Roundup for grass control.
@lrn_news9171
@lrn_news9171 2 месяца назад
In many cases, Non GMO produces equal or higher yields there's been a trend of returning to non GMO in recent years where farmers don't really see any benefits with growing GMO anymore.
@PatrickShivers
@PatrickShivers 2 месяца назад
*in RARE cases non-GMO yields higher (per all field trial data I’ve seen and per the producers of non-GMO seed). The benefit is it doesn’t have to yield as high to make more money. In this trial that wasn’t the case. The Dekalb yielded enough to cover the difference in seed price and then some. It costs $84.25 less per acre (equivalent of 19 bushels)to grow the non-GMO, but the Deklab made 23.5 more bushels per acre than the non GMO.
@tonyhorton152
@tonyhorton152 2 месяца назад
Glad the hybrid won!!!
@PatrickShivers
@PatrickShivers 2 месяца назад
@@tonyhorton152 the hybrid loss.
@joemiller1810
@joemiller1810 13 дней назад
Decab or Dekalb? How much was the seed purchased for?
@PatrickShivers
@PatrickShivers 13 дней назад
Dekalb. The exact purchase price is in multiple videos along the planting/growing season as I conducted the experiment. I don’t remember currently the exact number but it was +$300 a bag.
@ricksanchez7459
@ricksanchez7459 2 месяца назад
Was rooting for the hybrid, it looked really close. We have filled our bin, everyone needs to while the gettin is good. Went with a 15/85% soybean meal/cracked corn for not much more $ than 3-way commodity mix.
@אביבןעמי-ש9ט
@אביבןעמי-ש9ט 2 месяца назад
Nice job helo from israel😊
@PatrickShivers
@PatrickShivers 2 месяца назад
@@אביבןעמי-ש9ט Shalom, shalom my friend. Stay safe over there.
@tonyhorton152
@tonyhorton152 2 месяца назад
Just curious why aren’t you growing cannabis? My dream in life is to farm cannabis and turn it into to extracts. The margarine seem better in weed than corn the more I watch you. But I’m sure I’m missing lots of aspects if the business. I love the videos Lee it up!
@PatrickShivers
@PatrickShivers 2 месяца назад
@@tonyhorton152 you’re missing a double LOT. I went to several meetings when they were rolling out hemp farming in Georgia for the CBD industry. It’s virtually impossible to grow for a profit while adhering to the regulations (no herbicides or pesticides allowed and every known pest that effects any crop in GA doubly effects hemp). I met a farmer that grows it green houses. He said the only way to keep it from “going hot” (breaching the legal thc content level) with our growing conditions is to pay off the inspector. According to the people in the industry I have conversed with no one has successfully done it yet.
@jamiecollins1220
@jamiecollins1220 2 месяца назад
I have some friends in Alabama was approached about growing hemp said they couldn’t make any money on it also too many regulations. They just sticking with cotton.
@danielbrown8105
@danielbrown8105 2 месяца назад
Thanks! Can I buy non GMO corn direct from you? What would be the minimum tons to make it worth it to you?
@PatrickShivers
@PatrickShivers 2 месяца назад
@@danielbrown8105 yes you can. I sell direct to several hunters/wild life enthusiasts. Most have a trailer to park under the out feed auger. A few just lay a tarp in their truck bed and let it overhang the sides. I fill them up and then they fold tarp over the top and tie in place (so corn is then completely encapsulated in tarp in truck bed). All buyers get an empty and a loaded weight at peanut mill 4 miles down the road so we can charge accurately. $7 a bushel.
@jamiecollins1220
@jamiecollins1220 2 месяца назад
So the dekalb gmo corn yield is still more profitable with that yeild than the hybrid 85 yeild when you add in the seed price? There is a huge price difference in the corn seed prices right?
@PatrickShivers
@PatrickShivers 2 месяца назад
@@jamiecollins1220 correct. Substantial price difference in seed, but Dekalb covered the gap and then some.
@jamiecollins1220
@jamiecollins1220 2 месяца назад
@@PatrickShivers that’s good I’m glad you made some profit.
@PatrickShivers
@PatrickShivers 2 месяца назад
@@jamiecollins1220 won’t make any profit until corn hits $5.50 and I take it out of the bin. Paying interest everyday I hold it.
@jamiecollins1220
@jamiecollins1220 2 месяца назад
@@PatrickShivers yeah I didn’t think about that I been out of the game a long time too long lol.
@tonyhorton152
@tonyhorton152 2 месяца назад
I want to farm! I work in a bakery and working outside looks much more fun!
@PatrickShivers
@PatrickShivers 2 месяца назад
@@tonyhorton152 but you get a paycheck every week. We work all year in hopes of getting paid. Sometimes it works out, sometimes it doesn’t
@salt-team-six5883
@salt-team-six5883 2 месяца назад
hope your yields are huge
@Don-pq5gg
@Don-pq5gg 2 месяца назад
What about the cost of the seed? I presume the GMO seed is way more.
@PatrickShivers
@PatrickShivers 2 месяца назад
@@Don-pq5gg that’s what we were talking about. There was a 19 bushel cushion b/c of seed price difference, but Dekalb overcame the 19 bushels plus 3.4 more
@farmtex5768
@farmtex5768 Месяц назад
@@PatrickShivers. In my book I’d say Hybrid85 won that contest hands down. At the end of the day, there’s a whole lot more money being put in upfront with dekallb to chase 3 1/2 bushels. That’s a whole lot of risk for not much return. I’ve found hybrid85 to consistently be in that yield margin compared to the expensive stuff. In our world it’s hard to justify the expensive seed chasing a 3-5 bushel advantage.
@byronglover7998
@byronglover7998 2 месяца назад
Roughly a $100.00 an acre more on the net
@PatrickShivers
@PatrickShivers 2 месяца назад
@@byronglover7998 the hybrid85 cost $85/acre less to grow. That gave them a 19 bushel cushion at current corn prices. Dekalb covered the 19 plus 4 more. That means Dekalb made about $16 more profit/acre.
@grayghost75
@grayghost75 2 месяца назад
Did i miss understand want this video was about? I thought it was which combine was the best
@PatrickShivers
@PatrickShivers 2 месяца назад
@@grayghost75 that video is coming next. This one is GMO v Non GMO. Next video is Case v John Deere
@BestFarmROI
@BestFarmROI 2 месяца назад
So, when you're crawling around on the top of the bin, why don't you use a safety belt??
@PatrickShivers
@PatrickShivers 2 месяца назад
@@BestFarmROI I’m fine working on top of the bin sitting down. To get those chains undone I have to stand up on the highest point of bin and reach up as high above my head as I can, that part gets me nervous. I’ve been climbing up bins since I was 12, I’m currently 42 and I have never once seen someone use a safety harness while climbing on one.
@wayneinnc5379
@wayneinnc5379 2 месяца назад
Them beautiful CaseIH farm equipment just increased the value of your farm by twice!!
@PatrickShivers
@PatrickShivers 2 месяца назад
@@wayneinnc5379 🤣
@tugboat2739
@tugboat2739 2 месяца назад
Howdy Patrick
@PatrickShivers
@PatrickShivers 2 месяца назад
@@tugboat2739 Howdy Tug!
@gregrankin1324
@gregrankin1324 2 месяца назад
I want a dekalb cap in Australia. I’ll pay. 😘
@PatrickShivers
@PatrickShivers 2 месяца назад
@@gregrankin1324 they are widely available on the internet. Just search “Dekalb seed hat”
@jonathanhege5029
@jonathanhege5029 2 месяца назад
Corn is $4.55 in Virginia.
@PatrickShivers
@PatrickShivers 2 месяца назад
@@jonathanhege5029 local cash price right now $4.35. February delivery is floating in the $4.60s. It cost me .37-.40 to deliver. I need $5.45-5.50
@jamiecollins1220
@jamiecollins1220 2 месяца назад
Those augers are very dangerous I worked on a farm when I was a kid and the owner got killed by one of those just like you were working on wind blew it down on him he was under it.
@PatrickShivers
@PatrickShivers 2 месяца назад
@@jamiecollins1220 it sways 6’-7’ feet side to side while backing up at 0.5 mph. They are hyper dangerous.
@jamiecollins1220
@jamiecollins1220 2 месяца назад
@@PatrickShivers yes and it is very dangerous. I cringe everytime I watch you guys mess with them.
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