Business
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Active Leadership and Followership
Different cultures may each have their own slant on the traits and characteristics that add up to effective leadership but despite the differences, some commonalities do emerge.
Cash Flow and Income Considerations for S.D. Farms: Part 2
This is the second article of a two-part series examining cash flow and income for South Dakota grain farms. This article will look at crop insurance, prices for 2020 crops, and changes in input prices.
Cash Flow and Income Considerations for S.D. Farms: Part 1
Grain farming is facing a reduced income outlook for 2020. Unpriced old crop revenue has decreased and projected revenue for 2020 crop is reduced. Offsetting these decreases are chances that some input prices may fall, fuel related expenses and possibly higher payments from commodity title programs.
Planting Projections 2020
South Dakota producers recently indicated they plan to plant 12.9 million acres of corn, soybeans and wheat in 2020, plus an additional 620,000 acres of sunflowers, 345,000 acres of oats and 45,000 acres of barley, as well as 270,000 acres of sorghum and 11,000 acres of dry edible peas.
What Kind of Records Are You Keeping?
Measurement of the actions and efforts of everyday life on the farm or ranch leads to better management and efficiency. Many farmers and ranchers keep many records. Utilization of the records for improved management would be the next step to take to improve efficiency.
Information on How to Deal With COVID-19 for Dairy Workers
We would like to share some advice on measures to follow due to the problems that are affecting the world population today, including all of us.
Cash Flow is Critical
Strong business management skills and systems do not go out of style in times of uncertainty. These skills will help the business work through downturns in commodity prices. Cash flow budget accuracy is critical in developing and controlling the business.
Get to Know Your Local Emergency Management Director
The warmer weather and spring migration this March have us all thinking of better days ahead. Unfortunately, it also has us thinking about flooding again this spring.
Farming Strategies for the Future
There was a time in agriculture when greater yields always meant greater profitability. Today’s economic environment is characterized by high input costs and depressed commodity prices. Under this scenario when the optimum input/output relationship has been attained, more inputs do not necessarily result in greater returns on investment. Therefore, todays’ agriculture paradigm requires management that addresses production “optimization”. This is the point where a previously known level of inputs maximizes outputs before incurring into greater investments that result into diminishing returns.
Time to Sign up for 2018 Farm Bill
This winter it is time to study up on the Farm Bill elections and make an appointment with the local Farm Service Agency (FSA) in order to put the program in place for the farm. The deadline to make the election is March 15, 2020.