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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.

Soybean Rolling: Yield Effects

Land rolling soybeans has become a common management practice in many areas of South Dakota. The main reason for using a land roller on soybean fields is to push down rocks and level the soil surface for harvest, in theory reducing the amount of rocks and other debris that can potentially damage a combine header.

Common Stalk Borer Activity Update: June 6, 2019

It finally warmed up and the insects have definitely become more active. However, our calculations indicate that not enough degree days have been accumulated for common stalk borer activity to warrant any scouting, but spraying field edges should be avoided through most of South Dakota in the next week.

Alfalfa Weevil Activity: June 7, 2019

Quite a few degree days were accumulated over the course of the last week. Alfalfa fields should be closely monitored for alfalfa weevil activity for the next couple of weeks, even in areas where degree days indicate the alfalfa weevils are pupating.

Watch for Bean Leaf Beetles

Some soybean in South Dakota has emerged and it is already being attacked by early-season bean leaf beetles. So far, observations of adult bean leaf beetles emerging from fields and defoliation of soybean have been in Southeastern South Dakota.