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10 Simple Amenities That Will Boost Employee Morale
Agricultural employers who prioritize their work environment and offerings often have employees that are more satisfied and proficient at their work.
Census of Agriculture Cattle Insights
The "2017 Census of Agriculture" is a valuable source for insights related to cattle operations at the state level. There were 13,928 operations across South Dakota with cattle in 2017, and the total inventory was 3,988,183 head.
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.
Large Farms More Dominant in South Dakota Crop Production
Large farms play a more dominant role in South Dakota crop production, according to the recently released 2017 U.S. Census of Agriculture. As of 2017, large farms of more than 2,000 acres operate 66.8% of South Dakota total cropland aces compared to 47.7% as of 1997.
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.
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.
Bookwork, The Missing Management Component: Consistency of Financial Records
Consistent record keeping will allow for accurate ratios and trend analysis. While operations will change, grow, or contract, having a standard operating procedure will allow for analysis and decision-making.
Selling Poultry at a Farmers Market in South Dakota
Poultry exemptions can be difficult to interpret. This article was developed to address some of the questions small growers may have regarding poultry exemptions for selling at the farmers market in South Dakota.