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Farm Business Management

All Farm Business Management Content

A combine harvesting soybeans at dusk.

Field Studies: Blowing the Whistle on Marketing Claims

With technology surrounding today’s culture, data and marketing information has become a key part of life. The best way to determine if a product or practice is effective is to ask for the data and research backing a company’s claims. However, before a producer makes a decision, understanding the data and statistics is key.

Bar Graph: South Dakota: Farm numbers by size in acres (1997-2017). For a complete description, contact Alvaro Garcia at 605-688-4940.

Farm Size in South Dakota: Where Are We Heading?

Agriculture is going through some difficult times not only in the United States, but globally as well. Aside from some short-lived price hikes for different products, the overall trend has been to higher costs of production and lower output prices.

Two side-by-side field plots. The left field has corn planted, and the right has soybeans.

Field Studies: Replicated Comparisons vs. Side-by-Side Comparisons

How should a basic study be set up or laid out in the field? One very common approach is to divide a field in half and compare the halves or possibly compare two fields in close proximity and see which variety or practice yields highest. This approach can end with very misleading results because of the variability that exists across a field or fields due to many factors.

a bare, freshly tilled field awaiting planting.

Field Studies: What do You Mean 5 Bushels Per Acre is Not Significant?

Utilizing sound research results to help make decisions on the farm is a wise business practice. It can be confusing, however, when you see two numbers that are clearly not the same labeled as “not significantly different.”

two side-by-side fields. The left is labeled "a". It has uniform rows and soil. The right is labeled "b". It has ununiform rows and varying soil quality.

Field Studies: Setting up a Trial

Increasingly, farmers are generating on-farm research data that encompasses a wide-range of practical topics. However, setting up those experiments so that the data is statistically valid is not necessarily common knowledge.

Picture shows a dense and diverse cover crop mix grown after cereal grain.  The cover crop is very green with many brassica and grass plants growing. The top third of the picture is the sky with some gray clouds.

South Dakota Land Use Trends (2012-2017)

Significant education efforts for natural resource conservation have occurred in South Dakota during the last five years. Many stakeholder groups have brought awareness for soil health and water quality to the forefront.

Soybean seed drill planting soybeans. Courtesy: Soybean Checkoff [CC BY 2.0].

Improve Soybean Profitability by Reducing Input Costs

While declining prices and increasing costs considerably reduce profit for soybean production, there are certain input costs that might be reduced to increase profitability.

A combine harvesting soybeans at sunset.

Trade Impacts on Soybeans

Agricultural trade agreements were first established in the General Agreement on Tariffs and Trade (GATT), legal treaty signed initially by 23 nations in 1947. The purpose was to promote international trade by reducing barriers such as tariffs.

South Dakota corn late plant date map. View pdf map: https://legacy.rma.usda.gov/fields/mt_rso/2018/final/sdcorn_grain_nonirrigated.pdf  View text in Excel: https://legacy.rma.usda.gov/fields/mt_rso/2018/final/sdcorn_grain_nonirrigatedtext.xlsx

Late Plant Crop Insurance Dates

Crop insurance late plant dates are fast approaching for planting small grains in South Dakota. Late plant dates for corn, soybean, and sunflower are nearing as well. Producers will want to work with their crop insurance agent to explore planting options and reporting of prevent plant areas.

A graph indicating rising corn yields and generally steady corn acreage from 1926 to 2016/2017.

Leveling the Playing Field for U.S. Corn

Corn grain has been for a long time the world standard when it comes to energy feeds for livestock. It has been traditionally a quite homogeneous, energy-dense feed, only surpassed from this perspective by oils and fats or by other feedstuffs also rich in lipids.