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Creating a Profitable Business using Greenseeker™ Technology

Creating a Profitable Business using Greenseeker™ Technology. Martin Williams. Getting Started. Creating a Clientele. - Informational Meetings - Field Day Demonstrations *OSU and N-Tech Help *Highly Publicized *All research staff on hand . Enrollment of Acres.

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Creating a Profitable Business using Greenseeker™ Technology

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  1. Creating a Profitable Business usingGreenseeker™ Technology Martin Williams

  2. Getting Started • Creating a Clientele. - Informational Meetings - Field Day Demonstrations *OSU and N-Tech Help *Highly Publicized *All research staff on hand

  3. Enrollment of Acres • Need positive program enrollments • Contracts • Full understanding and cooperation • Review of client’s operation • Farmer knowledge of past practice inputs for comparison

  4. Soil Testing of all fields - 40 acre tracts at least Correct pH (>5.5) with liming Create plan to correct P and K test levels within reasonable time REQUIREMENTS

  5. Equipment Needs • Spra-Coupe type machine • RT-500 hardware and software. • Truck with trailer • Nurse tank with pump and hoses • Diesel tank

  6. Used spraying machine RT-500 Hardware and software Truck Trailer 2,000 gal. tank PTO pump Hoses & Connections Diesel Tank $40,000 $60,000 $10,000 $3,500 $1,500 $400 $800 $300 To the Lender We Go: Start-up Costs $116,500

  7. Annual Payments • $116,500- $11,650 (10% down)= $105,350 • Add interest over 5 year payoff- $120,000 • $120,000/ 5 years= $24,000 / year

  8. Spraying Service Cost $6 / acre Other Possible Income: -Soil Testing Service Cost Minimal -Liming -Fertilizer Mark-up? Just considering spraying once/year, I need to cover 4,000 acres to break even Just on sprayer alone. Diesel and Repairs? VARIABLE Making if Pay

  9. Pros Can spray around the clock Can get over 4,000 acres Prior Soil Remediation= no need for 18-46-0 or 10-34-0 Potentially very profitable Saving my neighbors money Cons I’ll need good hired help Covering my own ground timely Weather Limited application window Prior Soil Remediation Bad year blues Bad farmer records to prove savings Convince to pay $6 / acre Pros and Cons

  10. Will the Numbers Work? • Should be able to cover 4,000 acres fairly easily • Running at night and having hired help. • Have access to 10,000 gallon tank for transport loads. • Yes. Annual payment should be made easily with good profit.

  11. Business in the Next5 years. • Keep up with current research. • Keep close ties with N-Tech and OSU. • Yearly review with farmers and discuss their goals. • Soil test when necessary. • Grow Big.

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