Farmers Gain Access to Cover Crop Economic Data

Farmers across Minnesota now have access to detailed financial information about the profitability of cover crops through the FINBIN farm financial database. A collaboration between The University of Minnesota’s Center for Farm Financial Management, Minnesota State Farm Business Management, Southwest Minnesota Farm Business Management Association, Minnesota Office for Soil Health, and Environmental Defense Fund is making the information available. The initial findings include data from 17 farms growing cover crops and, over the coming years, the cover crop dataset will grow to include more than 85 farms across Minnesota. Preliminary data showed that farmers spent $26 per acre on cover crop seed planted before corn and $20 per acre on cover crop seed planted before soybeans.