Farmers who used soil health management systems cut their costs and increased their net income, according to a new analysis by the Soil Health Institute.

SHI interviewed 100 farmers in nine states that account for 71% of U.S. corn production and 67% of soybean production. It found 85% of corn growers and 88% of soybean growers increased their net income.

The survey questioned those who actively managed their soil health by using any or a combination of practices, such as no or reduced tillage, cover crops, or grazing.

Bottom line: Corn growers’ costs fell $24 per acre, while soybean growers’ costs decreased by $17 an acre. At the same time, corn growers saw their net income go up by $52 an acre. For soybean farmers, the increase was $45 an acre.
The farm economy outlook is improving thanks to trade, COVID-19 relief, and a market rally. Michael Clements, economist with the American Farm Bureau, states the new year is bringing some optimism for the farm economy due to multiple factors: recently released data form the U.S. Census Bureau show that preliminary exports to China during November are nearly $5 billion, putting the total exports to a historic record.

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