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A combine harvesting soybeans at sunset.

Trade Impacts on Soybeans

Agricultural trade agreements were first established in the General Agreement on Tariffs and Trade (GATT), legal treaty signed initially by 23 nations in 1947. The purpose was to promote international trade by reducing barriers such as tariffs.

pair of hands reviewing a budget sheet with a calculator and pen

Budgeting With an Irregular Income

If you are a business owner, farmer, rancher, earn based on sales commissions, or are seasonally employed, you may not have consistent income from month to month.

A glass of milk and a milk pitcher.

What is an Ultra-Filtered Milk Product?

Milk products made using ultrafiltration offer higher contents of valuable components, such as protein and calcium.

Small group of cattle at pasture.

Feeding at the Right Price

Managing feedstuffs efficiently becomes more important during drought conditions or low revenue years.

Young calf resting at pasture.

Economic Considerations for Early Weaning

There is an excellent reason why ranchers use early weaning as a drought management tool: Weaning calves early reduces the amount of feed required to maintain the cow.

small group of cattle grazing on cover crops

Cover Crops & Livestock Integration: A Profit Opportunity for S.D. Farms

Cover crops have been gaining a reemerging acceptance over the last decade, with very few producers disagreeing about the potential soil health benefits of adding cover crops to their farming operation.

Soybean seed drill planting soybeans. Courtesy: Soybean Checkoff [CC BY 2.0].

Improve Soybean Profitability by Reducing Input Costs

While declining prices and increasing costs considerably reduce profit for soybean production, there are certain input costs that might be reduced to increase profitability.

financial paperwork sitting on a desk

Financial Record Keeping Software: A comparison of Quicken and QuickBooks

As fall nears many producers are beginning to gather their records to prepare for taxes. From these records many important operating decisions are made. Agriculture producers often use computer software to keep financial records. While there are software packages tailored for farm and ranch businesses, many producers successfully use general commercial software such as Quicken® or QuickBooks®. Both products can be useful for an agricultural producer’s record keeping. The question which often arises from producers is, “which one do I need”?

an image of a field of soybeans

Soybean Production: Cost-effective pest management practices

Chemicals were one of the most expensive individual costs in soybean production, behind only to seed in the non-land cost category. The average cash-rent soybean production farms incurred a crop chemical cost of $39/ac in 2015, an 88% increase from 2010.

rancher observing cattle at a feedbunk

Making Use of “Ugly” Feeds

Feed does not have to be perfect to be useful. The key to making smart feeding decisions is knowing what the imperfections are and adjusting accordingly.