South Dakota producers can use the SDSU Extension Net Income Tool to monitor their expected net income per acre given their location, commodity of interest, and changes to market prices. The tool gathers the most-recent end-of-day market prices to determine the latest expected net income for wheat, corn, and soybeans in the different regions of the state.
Planting decisions for this spring are complicated given the recent spread of COVID-19. A very busy planting season is approaching quickly. Input suppliers and farmers will be met with a requirement to complete tasks timely to evade economic losses from delays.
COVID-19 infection and mortality rates fill the news programs. Across South Dakota and the nation, people are have made changes to their lifestyle and the way they accomplish many everyday activities. In response to this illness and the potential for long-term hospitalization and even death, individuals over 18 should also ensure their end of life documents are up-to-date.
The alfalfa weevil is a major spring insect pest of South Dakota alfalfa. Before 2018, this insect was reported as having large populations throughout much of South Dakota. However, during 2018 and 2019, we received fewer reports of alfalfa weevils, which may have been a result of the cooler and wetter spring conditions that were observed.
Grain farming is facing a reduced income outlook for 2020. Unpriced old crop revenue has decreased and projected revenue for 2020 crop is reduced. Offsetting these decreases are chances that some input prices may fall, fuel related expenses and possibly higher payments from commodity title programs.
This is the second article of a two-part series examining cash flow and income for South Dakota grain farms. This article will look at crop insurance, prices for 2020 crops, and changes in input prices.
Due to current grain prices and other reasons, growers may be considering planting spring wheat into fields that were planted to corn or milo last season. While this type of crop rotation is not generally recommended, economic and logistical challenges sometimes may dictate otherwise.
Current events have made decisions around crop options very difficult this spring. Field peas are an option that may have a fit for some producers.
During the last week, the colder weather that we experienced across South Dakota resulted in very little degree day accumulation. However, in some areas enough degree days have accumulated to potentially lead to adult activity within alfalfa fields.
Spring is a busy time for South Dakota farmers and ranchers with planting, calving, and other field preparations. Soil sampling and fertilizing pastures, alfalfa, or other forages might be overlooked.