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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.
2019 Corn Growing Degree Day Update
Growth and development in crops are a direct response to accumulated heat units or growing degree days (GDD). The Corn GDD Tool at the High Plains Regional Climate Center can be a useful resource for not only estimating crop growth stage, but also for selecting hybrids within the appropriate maturity group.
Monitor Newly Emerged Corn for Black Cutworm Activity
There are several important insect pests that can severely injure corn during the early vegetative stages. One of these pests is the black cutworm. Although black cutworm caterpillars injure corn by feeding on leaf tissue, the serious damage occurs when caterpillar feeding results in the cutting of young corn plants.
Watch Corn for Bronzed Cutworm Activity
Bronzed cutworms are not a common pest of corn in South Dakota. However, they can become an issue when corn is planted into areas that were previously grassland. Like its name implies, bronze cutworms feed on corn above the soil surface, which often results in cutting or clipping.
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.
Winter Wheat Disease Update: Wheat Streak Mosaic and Tan Spot Developing at Low Level
Winter wheat fields scouted the week of May 27, 2019 in South Central South Dakota were found with wheat streak mosaic virus and tan spot developing at very low levels. Both diseases were found in non-rotated wheat fields.
Late Soybean Planting: Management Considerations
While saturated soil conditions are prevalent in many areas of the state, extended weather outlooks suggest that producers may be able to return to the fields and resume soybean plantings in the near future. Should management practices change due to the late planting season?
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.