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Cover Crop ROI & All That Matters

Crunching the Numbers Via Biological Bookkeeping

By Mike Seifert
July 27, 2022

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Note: Earlier this summer, Land Stewardship Project soil health organizer Alex Romano reached out to one of our soil health steering committee members, Mike Seifert, who farms near Jordan, Minn., with his wife, Dana, and father, Big Mike, to ask for his thoughts on “return on investment” from cover crops. She wanted to know his approach to and considerations regarding those calculations when making decisions about cover cropping strategies. He was happy to respond to her question. But he found that as he sat down to consider the question and write about it, thoughts that emerged brought up deeper, heart-level questions for him. These are issues that farmers and non-farmers alike grapple with, but that can be difficult to verbalize, let alone wrap our heads around. Members of LSP’s soil health team were moved by the perspectives and deeper questions that Mike outlined with such clarity and thoughtfulness. So, with his permission, we’re offering up the farmer’s response to the “ROI” question:

Mike Seifert seeding cover crops on his farm near Jordan, Minn.

Oh boy, that’s a big, open-ended question. When I saw your e-mail come in a couple of days ago I said to myself, “I’m going to have to sit down in the office to answer this one.” So I hope you don’t mind if I riff on it for a while over my morning coffee, and try to outline the multiple perspectives I have on return on investment and cover crops.

So, when I hear the term “return on investment,” my first reaction is a financial one, since that term is rooted in matters of finance. As such, let’s tackle that aspect of the term first.

From a farm bookkeeping perspective, cover crops are an added expense, and the financial benefit we as farmers get from using cover crops is this amorphous thing that’s hard to pin down. All of the physical benefits from cover crops — improved soil structure, nutrient cycling, feeding the soil biological community, reduced erosion, armoring the soil surface, potential feed for livestock, alleviating compaction, adding organic matter, and on and on — are wonderful, desirable enhancements, but they’re really hard to quantify and translate to financial numbers, and a lot of them are cumulative over several years. I suspect some benefits are even exponential — that is, once you get your soil on a healthy path to recovery and practice careful management, the feedback loop will become positive and actually accelerate until the soil environment achieves a more natural balance.

But how do you put a dollar sign on any of that? It’s absolutely nothing like traditional agronomy, which loves easy charts and figures. Two hundred units of nitrogen will grow 200-bushel corn! Nothing to it! If the fertilizer is affordable, it’s a slam dunk! Just ignore the part where you’re destroying the natural cycle of things. We’ll worry about that later.

So for me, cover crops have to be taken as a long game when it comes to return on investment. And since I really can’t quantify how much my farm production will increase as a result of using cover crops, I just have to take it on faith that it will, and that I will more reliably and consistently produce successful cash crops — particularly on my most fragile and degraded acres. Four years into a method of farming that includes cover cropping, I’d say we’re starting to see that, but I think the best is yet to come, so we’ll continue to be patient and try to do the right things.

Now, if cover crop ROI needs to be taken as a long term investment, how do we reconcile the extra expense in the short term? For me, that one was easy: we pair it with no-till. I think the money we’ve saved in fuel alone each year has covered the extra cost of cover crop seed. Then factor in reduced equipment costs and time savings, and it starts to be a big win. This year, we’re growing our own winter rye for seed, so that’ll knock expenses down even more. So there are lots of ways to offset the short term costs which then, over time, become another part of the long term financial benefit of cover crops.  But you have to combine complementary practices to really get the full benefit of each.

No-till and cover crops augment one another. Diversifying your crop rotation and incorporating livestock each add another reinforcing layer to the financial structure. They also add more work and management! But I think the financial benefits outweigh the added time and attention, and open up more opportunities to be flexible — which is increasingly important in a world that constantly throws us financial and climatological curve balls.

So that’s my take on the financial aspect of ROI and cover crops.

But now I’m going to stray into another aspect of all of this, which is more of the moral and ethical aspect to regenerative agriculture. I’m currently reading two books.  The first is The Uninhabitable Earth by David Wallace-Wells, and the second is Braiding Sweetgrass by Robin Wall Kimmerer. It’s actually a pretty good pairing, because the optimistic and insightful prose of Kimmerer’s book pretty effectively mitigates the sheer terror of Wells, who is out to demonstrate with evidence that when it comes to climate change, we’re already waist-deep in the rapidly rising shit and just trying to pretend the smell is normal.

The fact is that in the coming years and decades, our food production system is going to be under an enormous and increasing strain. If we can’t figure out how to exist on this planet without merging our civilization into a more harmonious rhythm with the natural world, then any talk of financial ROI — whether it be in cover crops or real estate or the latest share price of Tesla stock — is all going to become a very moot point. You can’t put a dollar amount on the survival of our species and the other roughly 8.7 million species with whom we share this delicate biosphere. We consistently fail to see that we’re completely dependent on the very biological systems that we are methodically destroying, and that has to change. It just simply has to. Right now.

I could go on and on, but that’s a depressing subject, so I’ll get to the point. When it comes to cover crops and other agricultural practices that help preserve and revitalize the ecosystem, I personally only look at the financial aspect of all of this as much as necessary. I do my bookkeeping and make sure we pay our bills so we can keep going, but I try not to let the financial side of agriculture cloud my vision of the larger picture. We need solutions, so I try to keep over 50% of my focus on finding and experimenting with practices that are going to make our food production system more resilient, while also sequestering carbon and providing habitat for as many of our fellow terrestrial organisms as possible. If every agricultural producer started shifting to that mindset, we’d be getting somewhere.

In my mind, the real return on investment from all of this will be a habitable (hopefully even pleasant!) planet to live on, and the ability to look in my kid’s eyes and tell her I did everything I could to be a part of the solution.

In episode 269 of LSP’s Ear to the Ground podcast, Mike Seifert talks about how a creepy crawly experience in the dark of night convinced him he was on the right soil health path. A recent Land Stewardship Letter article describes the Seifert family’s transition to no-till and cover cropping. For more on how to build soil health profitably, check out LSP’s Soil Builders’ Network web page.

Category: Blog
Tags: Braiding Sweetgrass • climate change • cover crops • Dana Seifert • Mike Seifert • ROI • soil health • Uninhabitable Earth

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September 2025

Wednesday September 17

9:00 am – 3:00 pm
Grazing for Invasive Species Management in Oak Savannas
Wednesday September 17
9:00 am – 3:00 pm
Grazing for Invasive Species Management in Oak Savannas
Myre-Big Island State Park, 19499 780th Ave, Albert Lea, MN 56007, USA

For details on this workshop, click here.

12:00 pm – 2:00 pm
Extending the Grazing Season with Cover Crops & Native Grasses
Wednesday September 17
12:00 pm – 2:00 pm
Extending the Grazing Season with Cover Crops & Native Grasses
Bluffton Resort & Bar, 2619 W Ravine Rd, Decorah, IA 52101, USA

This Ducks Unlimited workshop will feature a discussion of how livestock producers can utilize cover crops and native grasses to extend the grazing season. Featured speakers include Adam Janke, who will discuss Iowa State University’s research on CRP grazing, and Brian Dougherty of Understanding AG, who will discuss the economics of grazing cover crops. There will also be a presentation on Ducks Unlimited’s Advancing Markets for Producers Partnership. 
 
For details, see this flier. or call Ducks Unlimited’s Liam Bonk at 612-483-3577. To register, click here.

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5:00 pm – 7:30 pm
Minnesota Women in Conservation: Conservation Land Walk in Dawson
Thursday September 18
5:00 pm – 7:30 pm
Minnesota Women in Conservation: Conservation Land Walk in Dawson
Dawson, MN

During this Minnesota Women in Conservation event, participants will walk around a “homestead” farm site — exploring areas and goals the landowner hopes to improve in the future, including pollinator habitat, perennial plantings, wind breaks, privacy/noise screens, water quality improvements, well sealing, and compost placements. Participants will hear feedback and recommendations from a conservation professional on potential programs that could assist the landowner in achieving those goals. 
 
This is a FREE event, but you must RSVP here to get the address. For more information and to RSVP, click here.

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All Day
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Saturday September 20
Farm Aid
Huntington Bank Stadium, 420 23rd Ave SE, Minneapolis, MN 55455, USA

 Farm Aid is heading to Minnesota for the first time for its 40th anniversary festival on Saturday, Sept. 20, at Huntington Bank Stadium in Minneapolis. The event will launch a year-long celebration of four decades of impactful advocacy, historic cultural moments and unforgettable music.

Farm Aid 40 — a full day of music, family farmers, HOMEGROWN food and agricultural experiences — will feature performances by Farm Aid board members Willie Nelson, Neil Young (and the Chrome Hearts), John Mellencamp, Dave Matthews (with Tim Reynolds), and Margo Price, as well as Billy Strings, Nathaniel Rateliff & the Night Sweats, Trampled by Turtles, Waxahatchee, Eric Burton of Black Pumas, Jesse Welles, Madeline Edwards and more artists to be announced.

For details, click here.

Monday September 22

9:00 am – 3:00 pm
Twin Cities Urban Farm Bus Tour
Monday September 22
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Twin Cities Urban Farm Bus Tour
Leatherdale Equine Center, 1801 Dudley Ave, St Paul, MN 55108, USA

Join University of Minnesota Extension, Hennepin County, and the Natural Resources Conservation Service on Monday, Sept. 22, for a bus tour of urban farms. We’ll discuss the challenges of city growing, including compaction, contamination, soil health, water management, and more. And we’ll learn about how growers are using soil health practices to mitigate these challenges. Stops will include: 

  • The St. Thomas research gardens, where researchers have been studying different methods for maintaining fertility in urban garden beds for 8+ years, and learning about how these different approaches impact soil health and water quality
  • Our Roots Community Garden, where gardeners have implemented a variety of soil health practices to remediate a brownfield contaminated site into a lush garden with healthy soil and plants. Gardeners here are also working to establish a micro forest at the site
  • Urban Roots farm at Rivoli Bluff. The team at Urban Roots has worked for years to establish a thriving farm at a former street sweeping site. They’ve tried many different practices to address compaction, replace invasive species with native plants to mitigate erosion, and to grow vegetables for their community. 

This is the first tour in a three part soil health bus tour series. Participants can sign up for just one, two, or all three tours. Register at https://z.umn.edu/vegetablebustours. The cost is $15 (flat fee, covers 1, 2, or 3 tours). There are more details in the attached flyer.

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