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Business

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Are People Born Leaders?

In leadership research during the 20th century, the question: are people born leaders? drew great attention to determine what made certain individuals leaders over others.

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Financial Ratios and Trend Analysis

Financial Ratios and Trend Analysis is designed to formulate financial ratios and data, utilizing information provided by the producer.

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Agricultural Contracts For Crops

As a crop producer you probably dislike the uncertainty that results from market prices that are determined by forces outside of your control. With domestic economies becoming more interdependent, commodity price movements result from changes in global supply and demand.

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Grain Merchant and Processor Consolidation, Concentration, and Competition

A general trend in the last century has been for greater consolidation among Grain Merchants and Oilseed Millers and Processors. The U.S. Census Bureau tracks the number of firms and/or establishments and value of sales (market size) by industry sector every 5 years as a part of the Economic Census. In addition to the number of firms and sales, the Census Bureau publishes concentration ratios for each sector. One concentration ratio they publish is the amount of sales attributed to the four largest firms in that sector. The percentage of sales of the 4 largest firms is a measure that aids in identifying the type of market structure that exists.

A family farm with the sun setting in the background.

Farm Size and Efficiency

Growth is a common denominator of various business objectives. A business may want to grow profits, sales, market share, etc. The growth of a business itself usually refers to growth in equity, or growth in assets after debts have been paid. Farms, from a business perspective, are no exception. Farmers seeking to grow equity need to be willing and able to retain earnings and cannot be overleveraged.

Scheduling Bedding Plants

Fall is the best time to start scheduling your bedding plant production. Start planning early for next year’s production.

A group of employees working as a team at a meeting.

Effective Meeting Communication Begins With the Principles

Does every meeting require guiding principles? Probably not; however if you have a group of people who haven’t worked together before, it can help to determine expectations at a meeting.

Two young children walking in a pasture.

Why Do Young People Leave Our Rural Communities?

It’s no secret that young people are leaving our rural communities in South Dakota. If you read the newspapers or watch the news on television, you also know this isn’t a challenge that only South Dakota communities are facing; it is happening across the nation.

A group of farmers and ranchers sitting at a meeting

Choosing an Advisory Board

A board of directors is a vital part of the governance and constitution of many corporations. A board of directors is formally involved in the business and is legal responsible for the overall governance of the corporation.

A lush, green spinach patch growing in a community garden

Community Gardens: Liability Insurance

Groups organizing a community garden often ask about liability insurance. They will typically consider getting a policy if they have an organization to protect, or as coverage for the landowner in case a participant is injured and elects to sue.