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Osage, Iowa. [May 30, 2024] – Swapping the familiar pencil and notebook record-keeping system for a digital technology might feel intimidating. But due to increasingly tight margins, expensive inputs and overwhelming time demands, technology may offer a way to stay profitable.
Making technology decisions Tom Field, director of the Engler Agribusiness Entrepreneurship Program at the University of Nebraska-Lincoln, believes two important factors are foremost in technology decisions, aside from cost. |
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“First, since so much diversity in marketing methods of size and scale exist, (the technology) must provide data and information a producer can turn into decision-making tools,” Field says. “If it checks this box, I’d suggest taking a hard look.”
Some technologies offer data but not data that can be easily used to make decisions. If data doesn’t translate into actionable insights, it’s likely not right for an operation. |
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“Second, does a technology deliver market access due to improved and more detailed information?” Field says. “If it opens the door to an interesting supply chain opportunity for higher premiums or increased average prices, it may have the margins to validate the choice to bring on a new layer of management and data collection.”
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How the pieces fit together New technology fitting these criteria must still make a positive difference on farm. Goals, management, labor and time should all be considered.
Once you’re satisfied with the answers, Field suggests looking to trusted sources, including consultants, friends or peers with knowledge, expertise or experience.
Fox was one of the original adopters of Performance Beef, a cattle management software. When reviewing available options, he was spending numerous hours per month invoicing up to 20 pens to six different customers. |
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Performance Livestock Analytics is a technology company that simplifies data and analytics for the livestock industry. Our team used practical insights from producers and data engineers to create the industry’s first cloud-based platform. We provide livestock producers with powerful analytics to make better marketing and management decisions, improve sustainability and boost profitability.
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