Wouldn't it be great if all the inputs, machinery and/or farming practices that promise to grow you an extra 2-5 bu were true and reliable? It would be easy to spend your way to a bumper crop. 2 bushels here, 3 bushels there... done deal! Unfortunately, it is not a compounding effect.... it's probably easier to spend your way broke than into prosperity.
I have worked with operations both big and small, with different management structures and business philosophies. The one thing they all had in common? They all sought the help of professionals.
Farm managers today face increasingly difficult decisions as operations grow and margins tighten. Knowing your numbers helps you make better decisions that ultimately reduce the stress and fear of making a costly mistake.
If you are not walking your own fields, it is crucial you trust the person doing it for you. There are many experienced professionals that can help but it is difficult to replace your firsthand knowledge of your own operation.
With new technological developments in measuring soil productivity, more emphasis will be put on stewardship and production potential when determining land values.
One of the problems limiting the adoption of Big Data principles by the crop production industry is the collection of quality data. Field variability due to unpredictable weather events make comparisons a challenge.
I would argue that in the case of farming and peer groups, together we go faster and farther.