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Switching Corn Hybrid Maturities

The decision to change maturities is ultimately up to each individual producer and is based on unique situations such as risk tolerance and harvest capabilities, such as drying capacity.

Multi-Peril Crop Insurance: Delayed and Prevent Plant Choices

Crop insurance late plant dates are fast approaching for planting crops in South Dakota. The weather and soil conditions this spring will likely lead to some prevent plant situations for farm producers.

2019 Alfalfa Weevil Activity

It was another cool week in South Dakota with not a lot of degree day accumulation occurring. Alfalfa fields should still be monitored for alfalfa weevil activity even though the cool wet weather might have slowed this pest down.

Common Stalk Borer Activity Update: May 23, 2019

Not too much is new regarding common stalk borer activity when compared to last week. Another cool, wet week has led to a limited accumulation of degree days. Based on our calculations, common stalk borer activity still doesn’t warrant any scouting. We will continue to monitor the degree days and provide updates.

Corn Production Costs in the Northern Great Plains

Supply and demand regulates U.S. agricultural and non-agricultural markets all the time. Prices increase when scarcity of a certain item is anticipated. Similarly, prices drop if the market is saturated because of oversupply or there is a reduced demand for the product.

Bookwork, The Missing Management Component: Farm Income Determination

Many ag producers do not like bookwork. Many times this job gets pushed to the side, until a bill is due or taxes need to be filed. It is also fair to say it is a missing component to the management of most operations. A missing component that could lead to the collapse of the operation.

Common Stalk Borer Activity Update: May 30, 2019

Another cool, wet week has led to a limited accumulation of degree days. Based on our calculations, common stalk borer activity still doesn’t warrant any scouting, but spraying field edges should be avoided around Hot Springs, Winner and Vermillion.

Alfalfa Weevil Activity Update: May 30, 2019

It was another cool week for most of South Dakota, with little degree day accumulation occurring. However, alfalfa fields should still be monitored for alfalfa weevil activity, although the cool, wet weather might have slowed the pest down.

Bookwork, The Missing Management Component: Depreciation Determination and Use

Another component of determining net income is depreciation. This is one component of the Schedule F that many understand the least. Typically, the most use it gets is to minimize income tax through accelerated tax depreciation under section 179.

Bookwork, The Missing Management Component: Balance Sheet Valuations

The financial crash of the 1980’s has been attributed to changes in producer’s balance sheets, due to a decline in land prices. After this time, a two-column balance sheet was developed to help prevent that type of balance sheet collapse from occurring in the future.