PROFIT Margins in GMO v. Non-GMO Corn

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  • Опубліковано 27 жов 2024

КОМЕНТАРІ • 74

  • @ThomasT341
    @ThomasT341 2 місяці тому +4

    My appreciation for all that farmers do to feed us grows immensely with every new video...

  • @MartinP1214
    @MartinP1214 2 місяці тому +4

    Thanks for making easy to understand videos about farming and marketing your products.

    • @PatrickShivers
      @PatrickShivers  2 місяці тому +3

      @@MartinP1214 thanks for watching and commenting Martin! These videos aren’t possible without viewers’ support.

  • @nezrom9864
    @nezrom9864 2 місяці тому +1

    I enjoy your channel because I learn something.

  • @luisnunes7933
    @luisnunes7933 2 місяці тому +4

    Hello, Patrick! Never loose hope of better days...

    • @PatrickShivers
      @PatrickShivers  2 місяці тому +4

      @@luisnunes7933 thanks Luis! The Lord’s will be done.

    • @luisnunes7933
      @luisnunes7933 2 місяці тому

      @@PatrickShivers 👌

  • @jimmystrain883
    @jimmystrain883 2 місяці тому

    Very informative, enjoyed it very much, thank you for sharing

    • @PatrickShivers
      @PatrickShivers  2 місяці тому +1

      @@jimmystrain883 thanks for watching. I have 501 farm videos, a lot of which are doing comparisons or explanations

  • @gregrhodes8451
    @gregrhodes8451 2 місяці тому +1

    Thank you for sharing Patrick!

    • @PatrickShivers
      @PatrickShivers  2 місяці тому

      @@gregrhodes8451 thanks for watching Greg!

  • @landonandrews3013
    @landonandrews3013 2 місяці тому

    That’s a good view from the top of that bin

    • @PatrickShivers
      @PatrickShivers  2 місяці тому

      @@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 Місяць тому

    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  Місяць тому

      @@BryanFowler-ty4yj dryland corn where i live yields 0-70 bushels depending on the year. No chance of me planting that.

  • @Swalley311
    @Swalley311 2 місяці тому

    Great data brother....this one would be worth doing a multi-year trial!

    • @PatrickShivers
      @PatrickShivers  2 місяці тому

      @@Swalley311 I have a 3 way peanut variety trial coming up in October.

  • @chrisfrench8511
    @chrisfrench8511 2 місяці тому +2

    Patrick..Great job again. Let`s pick some Butter Beans????

  • @jaybeeman3628
    @jaybeeman3628 2 місяці тому

    I told Dekalb was going to when. Lol great video

  • @tater357
    @tater357 Місяць тому

    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  Місяць тому

      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 місяці тому +1

    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 місяці тому +2

      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 місяці тому +1

      @@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 місяці тому

      @@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 місяці тому

    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 місяці тому

      @@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 місяці тому +1

    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 місяці тому +2

      @@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 місяці тому +1

      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 місяці тому +1

    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 місяці тому

      *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 місяці тому +2

    Glad the hybrid won!!!

  • @joemiller1810
    @joemiller1810 13 днів тому

    Decab or Dekalb? How much was the seed purchased for?

    • @PatrickShivers
      @PatrickShivers  13 днів тому

      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 місяці тому

    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 місяці тому

    Nice job helo from israel😊

    • @PatrickShivers
      @PatrickShivers  2 місяці тому

      @@אביבןעמי-ש9ט Shalom, shalom my friend. Stay safe over there.

  • @tonyhorton152
    @tonyhorton152 2 місяці тому

    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 місяці тому +3

      @@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 місяці тому +1

      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 місяці тому

    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 місяці тому +1

      @@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 місяці тому

    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 місяці тому +1

      @@jamiecollins1220 correct. Substantial price difference in seed, but Dekalb covered the gap and then some.

    • @jamiecollins1220
      @jamiecollins1220 2 місяці тому

      @@PatrickShivers that’s good I’m glad you made some profit.

    • @PatrickShivers
      @PatrickShivers  2 місяці тому

      @@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 місяці тому

      @@PatrickShivers yeah I didn’t think about that I been out of the game a long time too long lol.

  • @tonyhorton152
    @tonyhorton152 2 місяці тому

    I want to farm! I work in a bakery and working outside looks much more fun!

    • @PatrickShivers
      @PatrickShivers  2 місяці тому +1

      @@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 місяці тому

    hope your yields are huge

  • @Don-pq5gg
    @Don-pq5gg 2 місяці тому

    What about the cost of the seed? I presume the GMO seed is way more.

    • @PatrickShivers
      @PatrickShivers  2 місяці тому

      @@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 Місяць тому

      @@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 місяці тому +2

    Roughly a $100.00 an acre more on the net

    • @PatrickShivers
      @PatrickShivers  2 місяці тому +3

      @@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 місяці тому

    Did i miss understand want this video was about? I thought it was which combine was the best

    • @PatrickShivers
      @PatrickShivers  2 місяці тому

      @@grayghost75 that video is coming next. This one is GMO v Non GMO. Next video is Case v John Deere

  • @BestFarmROI
    @BestFarmROI 2 місяці тому +1

    So, when you're crawling around on the top of the bin, why don't you use a safety belt??

    • @PatrickShivers
      @PatrickShivers  2 місяці тому +1

      @@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 місяці тому

    Them beautiful CaseIH farm equipment just increased the value of your farm by twice!!

  • @tugboat2739
    @tugboat2739 2 місяці тому

    Howdy Patrick

  • @gregrankin1324
    @gregrankin1324 2 місяці тому

    I want a dekalb cap in Australia. I’ll pay. 😘

    • @PatrickShivers
      @PatrickShivers  2 місяці тому

      @@gregrankin1324 they are widely available on the internet. Just search “Dekalb seed hat”

  • @jonathanhege5029
    @jonathanhege5029 2 місяці тому

    Corn is $4.55 in Virginia.

    • @PatrickShivers
      @PatrickShivers  2 місяці тому

      @@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 місяці тому +2

    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 місяці тому +1

      @@jamiecollins1220 it sways 6’-7’ feet side to side while backing up at 0.5 mph. They are hyper dangerous.

    • @jamiecollins1220
      @jamiecollins1220 2 місяці тому

      @@PatrickShivers yes and it is very dangerous. I cringe everytime I watch you guys mess with them.