Farm Business Management
All Farm Business Management Content
Managing Production Costs To Boost Soybean Profitability
Soybeans are one of the major crops in South Dakota in terms of both acres planted and sales values. To determine the potential to increase net profit from soybean production, individual producers are encouraged to compare their own yields and input costs with benchmark levels.
SDSU Extension to Host Sustaining the Legacy Virtual Conference
November 13, 2020
SDSU Extension will host a Sustaining the Legacy virtual conference on December 2, 9 and 16 from 6:30 p.m. to 9:30 p.m. CST each evening.
Financial Measures for South Dakota Farms
Farm and ranch businesses have a sizeable investment in equipment, buildings, land, and livestock. These investments require their owners and managers to remain knowledgeable about the financial condition of their business. The information to calculate measures of financial performance can be found in their farm record books or accounting system.
Strategic and Scenario Planning in Ranching: Managing Risk in Dynamic Times
A changing marketplace, price volatility, labor availability, record high feeder calf prices, the effects of the ethanol industry: How will your ranch operation adapt?
Multi-Peril Crop Insurance: Delayed and Prevent Plant Choices
Crop insurance late plant dates are fast approaching for planting crops in South Dakota. The weather and soil conditions this spring will likely lead to some prevent plant situations for farm producers.
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.
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.
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.
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.”
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.