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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.

Selling and Distributing Eggs in South Dakota

If planning to sell eggs in the state of South Dakota, an egg dealer license must be obtained annually. The application for this license can be found and printed from the South Dakota Department of Agriculture’s Form Finder website.

Decisions for Farmers Market Setup and Operation

Farmers markets are unique because they represent multiple, individual vendors under a single name, location and organizational identity. Before the first selling day, a farmers market will need to do many of the things that each vendor does for their farm. For example, selecting a name and creating a logo for the market.

Stretching Corn Silage Supplies

During the 2002 drought there was a need to stretch corn silage supplies as a result of the drought that affected the U.S. Now we deal with the opposite scenario, where excessive spring rains have not allowed farmers to get to the fields. In both situations livestock producers face challenges.

Distillers’ Grains and Rumen Papillae Growth

Distillers grains are without a doubt one of the most versatile ruminant feedstuffs. Aside from their high concentration of sought-after nutrients (i.e. protein, energy, phosphorus), their impact on the digestibility of other feeds is minimal. In fact, by not interfering with the digestion particularly of structural carbohydrates, they allow for more energy to be obtained from forages.