ANN ARBOR, Mich. – FarmLogs, an independent farm management technology platform with more than 75 million acres under management, announced the release of new lower cost plans, as well as two new farm financial products that aim help manage the relationship between crop marketing decisions, production costs and profit.
The two new tools, Planner and Marketing, allow customers to create an adjustable plan that connects to a marketing strategy and allows them to manage their changing cost of production, profit opportunities and value at risk throughout the season. In addition to the company’s free Standard package that includes rainfall, record keeping, soil maps, yield map uploads and growing degree days, FarmLogs will now offer two subscription plans. FarmLogs Essentials, which now bundles Planner and Marketing together with Automatic Activity Recording, is available for a monthly fee of $49 and FarmLogs Premium, which adds in-season satellite imagery, is available for a monthly fee of $99.
FarmLogs today also announced a new 14-day free trial program allowing growers to upgrade their subscriptions from FarmLogs Standard to FarmLogs Essentials or FarmLogs Premium through their mobile devices or web browser.
Planner helps growers easily create an adjustable plan for their entire operation that accounts for all of their expenses and field work so that they can monitor their profitability and budget throughout the season. The year-round planning tool helps users make more informed operational, marketing and risk management decisions.
Marketing helps growers actively manage their value-at-risk by capturing contracts for physical sales, hedges, and deliveries and showing market prices for all major commodities. Cost of production data from Planner is automatically synced with Marketing to show break-even and profit opportunities.
FarmLogs is an independent provider of technology solutions for U.S. row crop farms. On a mission to create a more efficient and predictable future for farming, FarmLogs helps U.S. farms use technology and data from the field to grow row crops more profitably. The company’s field monitoring service automatically logs activities, and gives users instant access to field-specific data including rainfall tracking, soil composition maps, GDD accumulation and yield maps. FarmLogs Standard, FarmLogs Essentials and FarmLogs Premium deliver unbiased farm insights that help growers achieve optimal yield, increase field profitability and eliminate waste. FarmLogs is headquartered in Ann Arbor, Mich., and was founded in 2011 by Jesse Vollmar and Brad Koch. To learn more, visit farmlogs.com.