Billy Rose
👤 PersonAppearances Over Time
Podcast Appearances
Yeah. He's buying the product. Why wouldn't he put it on? Right.
Yeah. He's buying the product. Why wouldn't he put it on? Right.
Yeah. He's buying the product. Why wouldn't he put it on? Right.
Yeah, so... 10,000 acres, we have four check block fields. We agree on where the fields are gonna be. We have these 10 to 40 acre check blocks. In each field is a treated and untreated. We're gonna measure the delta of that four times. So we agree on the four check block fields. Whatever that average of those four is for the delta, did it achieve 25 bushels or greater on the corn or was it less?
Yeah, so... 10,000 acres, we have four check block fields. We agree on where the fields are gonna be. We have these 10 to 40 acre check blocks. In each field is a treated and untreated. We're gonna measure the delta of that four times. So we agree on the four check block fields. Whatever that average of those four is for the delta, did it achieve 25 bushels or greater on the corn or was it less?
Yeah, so... 10,000 acres, we have four check block fields. We agree on where the fields are gonna be. We have these 10 to 40 acre check blocks. In each field is a treated and untreated. We're gonna measure the delta of that four times. So we agree on the four check block fields. Whatever that average of those four is for the delta, did it achieve 25 bushels or greater on the corn or was it less?
Then we, if it's less, we pay 450 a bushel, you know, times the enrolled acres, all right? All the enrolled acres, yeah.
Then we, if it's less, we pay 450 a bushel, you know, times the enrolled acres, all right? All the enrolled acres, yeah.
Then we, if it's less, we pay 450 a bushel, you know, times the enrolled acres, all right? All the enrolled acres, yeah.
But our job is to make sure that the enterprise, you know, is going to be successful. So if the guy's spending $100 to $125, he's going to use the products. He's going to apply at the right time. We're agronomists and we're flying over those fields. We're putting drones over those fields. People are walking the fields. We're trying to say at V3 to V5, you know, we need to hit the first shot. Okay.
But our job is to make sure that the enterprise, you know, is going to be successful. So if the guy's spending $100 to $125, he's going to use the products. He's going to apply at the right time. We're agronomists and we're flying over those fields. We're putting drones over those fields. People are walking the fields. We're trying to say at V3 to V5, you know, we need to hit the first shot. Okay.
But our job is to make sure that the enterprise, you know, is going to be successful. So if the guy's spending $100 to $125, he's going to use the products. He's going to apply at the right time. We're agronomists and we're flying over those fields. We're putting drones over those fields. People are walking the fields. We're trying to say at V3 to V5, you know, we need to hit the first shot. Okay.
At Tassel, we need to hit the last shot. Okay. Yep. So it is a partnership there. You want them to be successful.
At Tassel, we need to hit the last shot. Okay. Yep. So it is a partnership there. You want them to be successful.
At Tassel, we need to hit the last shot. Okay. Yep. So it is a partnership there. You want them to be successful.
Oh, yeah. So we ran 50 acres. check block fields last year. Okay. Not as robust as I would like. Okay. And basically, we took our seed trial fields and we put a buffer of 120 feet. We did untreated and treated. Okay. And then we compared all those results. But the beauty was we were doing all the actual CROs, the check block fields ourself. So we trusted the data source. We trusted the protocols.
Oh, yeah. So we ran 50 acres. check block fields last year. Okay. Not as robust as I would like. Okay. And basically, we took our seed trial fields and we put a buffer of 120 feet. We did untreated and treated. Okay. And then we compared all those results. But the beauty was we were doing all the actual CROs, the check block fields ourself. So we trusted the data source. We trusted the protocols.
Oh, yeah. So we ran 50 acres. check block fields last year. Okay. Not as robust as I would like. Okay. And basically, we took our seed trial fields and we put a buffer of 120 feet. We did untreated and treated. Okay. And then we compared all those results. But the beauty was we were doing all the actual CROs, the check block fields ourself. So we trusted the data source. We trusted the protocols.
We trusted the- Well, you must feel good about the data. Exactly. Then the data though, we go to our actuarial team and we give it to our data scientist. Okay. Then he builds out a risk model and then we'd run it through a Monte Carlo simulation, which goes back to some of those classes that we really didn't always go to it. Did you go to Iowa State? For a little bit. Yeah. I did. Didn't we all.
We trusted the- Well, you must feel good about the data. Exactly. Then the data though, we go to our actuarial team and we give it to our data scientist. Okay. Then he builds out a risk model and then we'd run it through a Monte Carlo simulation, which goes back to some of those classes that we really didn't always go to it. Did you go to Iowa State? For a little bit. Yeah. I did. Didn't we all.