Farm Business Management

All Farm Business Management Content

A field of standing corn covered in snow.

Standing Corn Considerations

The January 2020 South Dakota Crop Progress Report indicated four percent of S.D. corn acres remain in the field. Given the record rainfall of 2019, current snow pack levels and the 3-to-6-month precipitation forecasts, farmers will likely be dealing with a wet spring in 2020, thus making the removal of those acres important but hard to accomplish.

sun rising over a cornfield. several grain bins are in the background.

Corn Grain Moisture Discount: Why and How Much?

Corn marketed at the standard moisture content of 15.5% and 56 pounds per bushel typically contains 47.3 pounds of dry matter and 8.7 pounds of water. At harvest, a producer has to decide whether to sell (or even store) his corn at ‘as is’ moisture content or mechanically dry it before taking it to the buyer.

Corn earlobe being stored in a bunker for later use as cattle feed.

Valuing High-Moisture Corn and Earlage

A key advantage to using commodities that meet standard specifications and are frequently traded is that it is very easy to establish an economic value that is accepted by most users. The marketplace sets the value of corn, and other feedstuffs on a daily basis, provided those products meet some set of standard specifications.

Corn Production Costs in the Northern Great Plains

Supply and demand regulates U.S. agricultural and non-agricultural markets all the time. Prices increase when scarcity of a certain item is anticipated. Similarly, prices drop if the market is saturated because of oversupply or there is a reduced demand for the product.

A herd of cattle gather around a stock pond on a vast, lush grassland. Courtesy: USDA [CC BY 2.0]

Range Improvements, Grazing Systems and Net Present Value, What is the Right Balance?

As farms and ranches across South Dakota continue to endure increasing costs of production while receiving less cash for grain and livestock marketed; ranch managers must be extra diligent when implementing new range improvements and grazing systems on their ranches.

Livestock Market Disruptions

COVID-19 has affected the market availability for finished cattle and hogs. Some beef and pork processing facilities have closed for cleaning and social distancing of their employees. While some of these facilities have scheduled a date to reopen at reduced capacity, others remain closed with no announced plans to resume operations.

A small group of black angus cattle in a feedlot.

Bigger Cattle. Warmer Weather. What Can Go Wrong?

The disruptions in the beef processing sector caused by COVID-19 continue to interfere with the orderly marketing of finished cattle. While we all hope that the situation is resolved quickly, the reality is that because the shipment of so many harvest-ready cattle has been delayed, there will be increased numbers of heavier cattle on feed for the foreseeable future.

A black angus cow walking through pasture being followed by two calves.

Lessons From Alternative Calving Workshops

Recently, the South Dakota Grassland Coalition and SDSU Extension held workshops across the State focused on sharing information from experienced livestock producers who have switched to a calving date more in sync with nature.

A small herd of cattle gathered around a pond on an open range.

Financial Considerations With Livestock Grazing Distribution

With spring turnout to grass here for some ranchers and just around the corner for others, proper livestock grazing distribution is a key aspect of a comprehensive grazing management plan.

A father and daughter working on a fence along rangeland.

Strategic and Scenario Planning in Ranching: Conducting a Ranch Inventory

During times of belt-tightening, it’s imperative to make sure all the resources of the ranch are being utilized as efficiently as possible. Conducting a complete ranch inventory is a perfect time for ranch managers to take an in-depth look at their operation.