The following information is a Web Extra from the pages of Farm Journal. It corresponds with the article "Grain Farms to Consolidate." You can find the article in Farm Journal's 2013 January issue.
In the below chart, courtesy of Dan Frieberg, of Premier Crop shows, the cost in relation to nutrient investment and corn price over the past 13 years is dramatic. A study Dan did of a grower who used precision farming for 10 years had 7.1 bushels per acre increase per year and the county average was 2.6 per year.
(click to enlarge)