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Drought: Business/Economics

All Drought: Business/Economics Content

Drought-stressed cornfield.

Valuing Drought-Stressed Corn Silage

Salvaging failed crops as silage for livestock can be a “win-win” for both crop growers and livestock owners. Learn how you can use data to improve the odds of finding a value that is fair to both parties.

Small group of cattle grazing a vast, well-managed rangeland.

Holistic Ranch Management Helps With Economic and Climate Resilience

Holistic ranch management offers ways to think about ranching as part of a diverse ecological system. Learn how two South Dakota operations have leveraged it to generate multiple income streams from shared resources.

an image of outdoor weather monitoring equipment in a field

Climate and Weather

View resources to predict, prepare and recover from weather-related events year-round, including the latest drought and flood information.

Young wheat plants showing early symptoms of drought stress.

Salvaging Drought-Stressed Small Grains

South Dakota producers often must consider whether to abandon plans to harvest small grain as a cash crop and pivot to harvesting as forage. Learn some factors to keep in mind when evaluating salvage options.

Producer reviewing an aid application with a USDA FSA agent.

Livestock Loss Assistance Available

Has your operation experienced a sudden catastrophic loss of livestock due to weather? Financial assistance may be available through the USDA Livestock Indemnity Program.

Two angus crossbred calves.

Sell the Feeder Calf, or Create a Yearling?

Fall brings many weaning and selling time decisions for cattle operations. Learn some expert tips for evaluating your current situation and making informed management decisions given the price of calves, feed, and the futures market.

Group of mixed, brown cattle being moved into a feed yard.

Culling Decisions Due to Drought

Learn some key considerations for developing culling strategies that align with the goals and objectives of your operation when facing potential prolonged drought conditions.

Several bales of hay stacked in a shed.

Planning Forage Needs

Inventorying and planning for hay and other forage feed needs is essential every year, especially when production is uncertain due to drought or excess moisture.

Sunrise over South Dakota farmland.

Variances in Working Capital to Gross Farm Revenues

Learn some of the key differences in working capital to gross revenue among farm types, level of gross sales and by net income.

Two producers reviewing financial paperwork in a farm office.

Farm’s Target for Working Capital

Working capital provides a first line of defense for financial stress and an opportunity to take advantage of bargains that may arise. Learn how to calculate it and determine strategic targets for your operation.