Land Stewardship Project

Land Stewardship Project
  • About Us
    • Our Mission
    • Long Range Plan
    • Staff Directory
    • Board of Directors
    • Contact Us
    • Past LSP Projects
    • Employment & Volunteer Opportunities
    • LSP Publications
  • The Latest
    • 40th Anniversary Events
    • Tell us an LSP Story
    • Songs for the Soil
    • CSA Farm Directory
    • Upcoming Events
    • News
      • News Releases
      • Media Contacts
      • LSP in the News
    • Blog
    • Podcast
    • Land Stewardship Letter
    • LIVE-WIRE Sign-up
    • Myth Busters
    • Fact Sheets
    • Farm Crisis Resources
  • For Farmers & Landowners
    • New Farmers
      • Farm Beginnings Class
      • Journeyperson Course
      • Farm Dreams Workshop
      • Farmland Clearinghouse
      • Accessing Farmland
      • Beginning/Retiring Farmer Tax Credit
      • Beginning Farmer Profiles
    • Retiring Farmers & Landowners
      • Farmland Clearinghouse
      • Conservation Leases
      • Beginning/Retiring Farmer Tax Credit
      • Land Transition Tools
      • Transition Stories
    • Soil Health
      • Cover Crops
      • Grazing
      • No-till
      • Microbiology
      • Soil Builders’ Network
      • Soil Builders’ E-Letters
    • Cropping Systems Calculator
    • Conservation Leases
  • Creating Change
    • Community-Based Food Systems
      • Community Food Webs Learning Circles
    • Policy Campaigns
      • Soil Health & Climate Change
      • Healthcare
      • Factory Farms
      • Federal Policy
      • State Policy
      • Developing Leadership
      • Caucus for Land Stewardship
    • Justice & Stewardship
    • Organizational Stewardship
    • Building People Power
  • Get Involved
    • Take Action!
    • Upcoming Events
    • Land Stewardship Action Fund
    • Connect with LSP
      • Stay Connected
      • Join, Donate, or Renew Today!
      • Shop
      • Employment & Volunteer Opportunities
      • Legacy Giving
    • Network with LSP Members
      • Farmland Clearinghouse
      • Soil Health
  • Join, Donate, or Renew Today!
  • Stay Connected
  • Contact Us
  • Shop
Search
More...

Cover Crop ROI & All That Matters

Crunching the Numbers Via Biological Bookkeeping

By Mike Seifert
July 27, 2022

Share

  • Facebook
  • Twitter
  • Pinterest
  • email

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

Upcoming Events

×

March 2023

Tuesday March 21

9:00 am – 12:30 pm
Wholesale Readiness Training for Farmers
Tuesday March 21
9:00 am – 12:30 pm
Wholesale Readiness Training for Farmers

MISA, UMN Extension, and Renewing the Countryside are offering training and one-to-one technical assistance for farmers who want to grow their operation into wholesale markets. Wholesale isn’t just for large-scale distributors. You can use this training and support team to prepare to sell to schools, restaurants, grocery stores, and hospitals in your community. Participating farmers will be eligible for $500 mini-grants to cover expenses related to launching a wholesale enterprise. 

For details, click here.

Wednesday March 22

7:00 pm – 9:00 pm
Community Food Webs Learning Circle: Building Equity & Investing in Traditional, Indigenous Culture & Practices for Food Production, Health & Spirituality
Wednesday March 22
7:00 pm – 9:00 pm
Community Food Webs Learning Circle: Building Equity & Investing in Traditional, Indigenous Culture & Practices for Food Production, Health & Spirituality

Building strong community food networks where we live can move us powerfully toward our vision for functioning local and regional systems that support regenerative farming and provide all people with the nourishing foods they want and need. To explore how communities around the country are making this happen, in March LSP is hosting three learning circles focused on the book Building Community Food Webs, by Ken Meter.

Join us for just one session, or all three! Each session we’ll gather on Zoom for two hours — beginning at 7 p.m. — to discuss major themes from the book and generate ideas for our own communities.

Reserve your spot by signing up on our website:https://landstewardshipproject.org/learning-circles. Questions about getting signed up? Reach out to LSP’s Elizabeth Makarewicz at EMakarewicz@landstewardshipproject.org.

Thursday March 23

9:00 am – 4:00 pm
Ranching for Profit Workshop: 3 Secrets for Increasing Your Profit
Thursday March 23
9:00 am – 4:00 pm
Ranching for Profit Workshop: 3 Secrets for Increasing Your Profit

Improving your farm business takes rolling up your sleeves and getting to work … not just IN your business, but ON it too. The Land Stewardship Project is hosting Ranch Management Consultant Dave Pratt, who will give workshop participants insights into threetools for improvingfarm profit. Dave won’t just be presenting information — you can expect plenty of small group interaction, case studies, videos, direct application to yourown situation and a healthy dose of humorto be used throughout the workshop.

You will learn:

● How to transform your farm into a successful business.
● The difference between economics vs. finance and why economics always comes first.
● The three things that youcan do to increase profit on your farm.
● How to identify theweak links and profit-drivers in your business.

Please register by March 17.

For more information and to register, click here.

10:30 am – 3:00 pm
LSP Upper Minnesota River Food Forum in Montevideo, MN
Thursday March 23
10:30 am – 3:00 pm
LSP Upper Minnesota River Food Forum in Montevideo, MN

Building strong community food networks where we live can move us powerfully toward our vision for functioning local and regional food systems that support regenerative farming and provide all people with the nourishing foods they want and need. To celebrate and explore how our local community is making this happen, the Land Stewardship Project will be hosting a Regional Food Forum to celebrate and grow our local foodshed. The Food Forum will be held at Table Two Twelve Chophouse, 4490 US-212, Montevideo, MN 56265.

Local food advocates, producers, and professionals will gather for panels, break-out sessions, and activities. Lunch will be served and an optional social hour will follow the event. There will be limited space available, so be sure to register here by March 17 and save the date for Thursday, March 23.

12:00 pm – 1:30 pm
Family Farm Breakfast Lobby Training
Thursday March 23
12:00 pm – 1:30 pm
Family Farm Breakfast Lobby Training

Join LSP to prepare for the 2023 Family Farm Breakfast Lobby Day on April 13! The training will be an opportunity to prepare how we will influence our elected officials to win real change on key LSP issues like soil health and climate solutions, healthcare reform, taking on corporate consolidation in agriculture, and more. This training will include: background on your legislators; templates for a legislative meeting; workshopping how to share our stories in a powerful, concise way; logistics; and more!

For more information and to register, click here.

View Full Calendar

Recent Posts

  • LSP Statement on Daley Dismissal of District Court Case March 20, 2023
  • Update on LSP’s Leadership Transition March 10, 2023
  • Legislation to Reinstate MPCA Community Board gets 1st Hearing in MN Senate March 9 March 8, 2023
  • 2023 Farm to School and Early Care Bill Continues Positive Momentum in Minnesota March 1, 2023
  • MN Farmers Head to DC March 6-8 to Demand Action on Climate Crisis February 28, 2023

Montevideo

117 South First Street
Montevideo, MN 56265

(320) 269-2105

Lewiston

180 E. Main Street
Lewiston, MN 55952

(507) 523-3366

Minneapolis

821 E. 35th Street #200
Minneapolis, MN 55407

(612) 722-6377

Copyright © 2023 Land Stewardship Project. All rights reserved.

https://landstewardshipproject.org/cover-crop-roi-all-that-matters