How Much Does it Cost to Develop Farm Management Software
Farm management software can optimize agricultural processes, and with the increasing technological revolution worldwide, they are further effective in implementing digitization in the sector.
With the help of farm management software, you can not only automate your agricultural tasks and manage the risk portfolios but also save huge bucks and increase your overall ROI.
According to a recent report, the overall market share of farm management software was valued at $2.1 billion in 2021. The same is expected to reach $5.26 billion in 2026, thereby witnessing a total CAGR of 14.7%.
This simply means that farming businesses are now keener on investing in farm management solutions so as to keep various benefits, ensure intelligent planning for their farming activities and track their farm undertaking in real-time.
Now, this article will help you understand everything related to the cost of developing farm management software. In addition to this, we will also look at various factors that directly impact the overall development budget.
To give you a brief idea, the overall cost to develop farm management software would range between $35,000 to $200,000. The prices are further directly dependent on factors like the hourly rate of development and the UI/UX design of the app, the features and technologies implemented in the app, and more.
Now, before diving into detail about the cost and the multiple factors that can help you make better financial decisions for your project, it is important to understand that a dedicated agriculture software development company can help you put things into perspective and offer you a clear estimate based on your custom business requirements.
Now, let us first help you understand a bit about the multiple types of farm management software that you can get for your business based on your individual requirements and constructs.
Types of Farm Management Software Available as per Business Requirements
1. Budgeting and forecasting software
This type of software is designed in order to manage the financial resources for agriculture or farm businesses. You can easily manage the data in real time, design and develop a budget as per your requirements, get the latest reports, and make better financial decisions based on forecasts, thereby ensuring a continuous and optimized revenue stream.
2. Commodity management software
This type of software is usually employed for the management of commodities. It allows the users to track the logistics and make financial decisions based on the inventories and finances, thus ensuring maximum sales.
3. Precision and agriculture software
This type of software allows the users to make farming activities rather accurate as if they offer you exact estimates on profitability and efficiency by analyzing the data sustainably in real-time. You can use this software by combining it with a GPS drone or other hardware tools so as to get important estimates that are precise and backed by the latest technology.
4. Livestock and mixed farming software
This type of software is used by farmers to track their livestock and make better decisions based on their lifecycle. You can use this software to track in real-time the animal inventory, livestock, feeding plans, pasture rotations, and more.
Now that you have looked into various types of farm management software available for your use, it is time to move ahead and look at various factors that impact the cost of the software.
Factors Affecting the Cost of Farm Management Software
Now, there are multiple factors that affect the overall budget for development. Understanding them in detail can make you plan your finances effectively while working towards getting maximum ROI.
1. Software Complexity
The overall complexity of the software is the major deciding factor that affects its cost. For instance, highly complex software with a maximum number of features will definitely cost you more as compared to simple software with minimum features.
Here is the estimated cost of developing the farm management software as per complexity.
| Farm Management Software Type | Estimated Cost | Time Frame |
| Simple | $35,000 to $60,000 | 3 to 6 months |
| Moderately Complex | $60,000 to $100,000 | 6 to 8 months |
| Highly Complex | $100,000 to $050,000 | 9+ months |
2. UI/UX design of the software
The seamless UX/UX design of the software further guarantees its imminent success. Since you would require software for your business that is easy to navigate and work effectively, the design of the software has to go through multiple testing procedures, thereby affecting the cost altogether.
3. Location of the software development agency
The location of the software development agency further affects the overall budget for development. For instance, the hourly rate of development in regions like Asia is comparatively less as compared to the regions like the US or UK. Here is the estimated hourly rate of developing software as per various regions of the world.
| Region | Hourly Rate of Development |
| US | $95-$100 |
| Western Europe | $80-$90 |
| Australia | $70-$90 |
| Eastern Europe | $50-$55 |
| Asia | $25-$40 |
4. Team size
The hired team size for developing your custom farm management system directly impacts the overall cost. For instance, you can either hire an in-house team for development and freelancers or simply outsource your project to a dedicated company.
Now hiring an in-house team requires additional cost and effort, while freelancers are not capable of offering you the much-needed professional expertise in the domain.
Thus, it is recommended to choose a highly decided farm management software development company that can help develop software as per your custom requirements while offering you an optimized cost with professional expertise on top.
5. Features and tech stack
Now, the features and tech stack implemented for your software development also affect the price of the software. For instance, a highly extensive feature list backed by superior technology will help you gain traction in the market while managing your business constructs effectively.
Conclusion
We hope this blog has helped you understand the cost of developing farm management software as well as the various factors that can affect it. Now it is time to hire a dedicated organization that can help you realize your business visions and actively develop software that is reliable, secure, and efficient.
