1. Field of the Invention
The present invention relates generally to automated farming systems and methods, including sensing devices for monitoring variables, controlling system components and dynamically computing parameters.
2. Description of the Related Art
In the field of agriculture, automation can increase efficiency and reduce operating costs. For example, farmers generally incur significant expenses for “inputs,” which generally comprise resources expended in crop production. Farmers incur input costs for such resources as seed, fuel, equipment, fertilizer, pesticides (e.g., insecticides and herbicides) and labor. Moreover, interest and insurance costs are commonly incurred by farmers. Farmers typically make many business decisions during a season, which are based on experience and predictions of future factors and variables affecting an operation and its revenue.
Cropland expenses are another major cost category for many farmers. Various rent models have previously been utilized. For example, fixed amounts can be agreed upon in advance. Alternatively, rents are often based on percentages of revenue and/or crop yields.
Historical (legacy) rents, competitive alternatives, productivity, natural resources, accessibility and location (e.g., proximity to other commonly-farmed parcels) are also factors. However, agricultural revenue is susceptible to factors which can vary considerably from season-to-season. For example, crop yields and commodity prices are variable. Input costs for seed, fertilizer, pesticides, feed, fuel, labor and other operating costs vary considerably. Insurance and interest costs can also vary.
On the revenue or output side, income from farming operations is largely based on crop market values. Such values are generally a function of commodity prices and yields. Global market conditions often have international effects, and are susceptible to political, tariff and other influences. Methods for protecting against the effects of fluctuating farm income include futures trading, crop insurance and investing in commodity markets.
Due to the effects of such input-output variables, previous rent models were susceptible to errors, such as overpayments and underpayments, with significant financial consequences. Heretofore there has not been available a system or method for automating farming operations, including dynamically determining appropriate rent with an effective rent model for croplands with the advantages and features of the present invention.
The automated farming system of the present invention generally includes a computer network programmed for receiving input data corresponding to agricultural operation factors and variables, and providing output data for controlling various physical, financial and operational aspects of the farming operation. The system includes a dynamic rent model for computing an appropriate rent for cropland, which is based on yields, which can be averaged for allocating risks and opportunities between landowners and farmers. The dynamic rent model is also based on commodity prices and operating costs. As such variables change due to market and other conditions, the dynamic rent model can update the outputs in real-time.
The drawings constitute a part of this specification and include exemplary embodiments of the present invention illustrating various objects and features thereof.
As required, detailed aspects of the present invention are disclosed herein, however, it is to be understood that the disclosed aspects are merely exemplary of the invention, which may be embodied in various forms. Therefore, specific structural and functional details disclosed herein are not to be interpreted as limiting, but merely as a basis for the claims and as a representative basis for teaching one skilled in the art how to variously employ the present invention in virtually any appropriately detailed structure.
Certain terminology will be used in the following description for convenience in reference only and will not be limiting. Said terminology will include the words specifically mentioned, derivatives thereof and words of similar meaning.
Referring to
The equipment 6 can remotely interface with a communications subsystem 10. For example, radio frequency (RF) and wireless telecommunications can be utilized. “Smart” devices 12, typically combining mobile communications, data receiving-transmitting functions (e.g., Global Positioning System (GPS)), can remotely interface with the equipment 6.
A computer network 20 can interface with a computer 14 monitoring the operation, and includes and output reporting function 16. The system 2 also includes a dynamic rent computing function 18, which will be explained in more detail below. Outputs 26 can be configured for crop-specific functions, such as grading 28 and weighing crops with scales 30, e.g., in a combine. In many farming operations harvested crops are weighed as part of a valuation process.
The system 2 can interface with the Internet via the “Cloud” at 22 whereby data corresponding to the crop inputs 24 and outputs 26 can be utilized in the computer operations monitoring function 14. For example, input resources expended and crop yields produced can be monitored, reported and used dynamically in the system 2, for example in adjusting the dynamic rent model at 18. Thus, cropland rent can be adjusted in real-time to account for actual operating conditions based on current variable data. Typically, such data varies over the course of a growing season and the variables are factored in to determine and maintain appropriate rents.
The dynamic rent model of the present invention is calculated as follows.
Variables:
A=Y/2.
It is to be understood that while certain embodiments and/or aspects of the invention have been shown and described, the invention is not limited thereto and encompasses various other embodiments and aspects.
This application claims priority in U.S. Provisional Patent Application No. 62/291,980, filed February 5, 2016, which is incorporated herein by reference.
Number | Date | Country | |
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62291980 | Feb 2016 | US |