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IRS Schedule "F" Form, Profit or Loss From Farming

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.

A male with three female farm administrators reviewing a binder of financial records. Courtesy: USDA

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.

A pen and calculator sitting next to an accounting binder.

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.

An uncooked, seasoned whole chicken on a cutting board with fresh vegetables.

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.

Hands wearing plastic gloves cutting watermelon samples on a white cutting board.

Guidelines for Serving Samples at the Farmers Market

One way to increase sales at the farmers market is to offer samples. Vendors need to plan ahead to make sure they are in compliance with sampling regulations.

Several sealed cartons of apple cider in a red milk crate.

Direct Marketing of Fruit and Processed Fruit Products by Growers and Food Processors at Farmers Markets Within the State of South Dakota (Intrastate)

Growers and food processors that market fruits at the farmers market often have questions regarding the regulations for selling fruit products. The regulations are in place to address the food safety risks associated with different fruit products and the manner in which they are marketed.

Two female vendors serving a young girl and boy at a vendor stall at a farmers market.

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.

A male vendor serving a strawberry sample to an older woman at a farmers market stand.

Food Safety from Production to the Farmers Market

Food safety is an important issue at farmers markets. Customers expect the food and products they purchase to be grown and handled so that they will be safe to consume. Vendors have a responsibility to grow and handle food using good food safety practices.

Color-coded map of South Dakota and other Midwestern states. Colors indicate a higher risk of unplanted areas in Eastern and Northeastern South Dakota.

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.

Two young pigs inside a pork production facility.

Creating a Secure Pork Supply Plan

African Swine Fever and preparing for foreign animal disease outbreaks is at the forefront of people’s minds. Your state animal health officials offer guidance for participating in the Secure Pork Supply (SPS) Plan. Let’s take a closer look at the critical steps in developing a personalized SPS Plan for Continuity of Business.