In September, I will be cutting the last electronic check for our family sedan, after what has seemed like an eternity of monthly payments. Thankfully, the car should outlive the term of the loan (knock on wood) and provide transport to many a baseball practice or weekend getaway in the future.

For precision specialists, managing obsolete or aging inventory is becoming an increasingly perilous task. The best strategy lies in striking an equitable balance. But what does this look like? Precision Farming Dealer caught up with several precision managers and specialists to solicit advice on how to best manage obsolete or aging inventory.

Having shadowed several precision farming specialists from multi-store farm equipment dealerships for this series, I’ve come to appreciate the layered responsibilities that come with selling and supporting the technology of a major agricultural brand.

Precision farming has emerged as a vital industry within agriculture and one that may very well hold the long-term keys to higher yields with greater conservation. Along with all of the excitement and buzz this industry generates comes a steady flow of investment dollars from companies keen on developing their own precision farming capabilities to ensure their continued relevance and competitive edge in agribusiness.

Bodenhausen farms 2,300 acres near Muscotah, Kan., and also does custom field work for other farmers in northeastern Kansas. He's a proponent of banding fertilizer and will deep rip compacted soils as well as grain cart paths in the fall.