Farm Business Management

All Farm Business Management Content

A red angus cow with two unweaned calves attempting to suckle from it.

Alternative Calving Considerations

Structuring a calving program that best suites farm and ranch operations can be challenging. Of primary concern are: weather, labor, market timing, and animal health considerations, with weather possibly being the most volatile factor, as it ranges from challenging to catastrophic in some years.

Silhouettes of a small group of cattle against a sunset.

Economic Impact of the Beef Industry on South Dakota

The beef industry in South Dakota makes a significant contribution to economic output and development in the state. As of January 1st, 2012 there were 1,610,000 beef cows in South Dakota. These cows produced 1,710,000 calves during the year and the industry produced an estimated $2,283,766,027 in gross income during 2012 (South Dakota Agriculture 2013).

Herd of mixed cattle grazing in a vast, open range. Courtesy: U.S. Department of the Interior Bureau of Land Management

Census of Agriculture Cattle Insights

The "2017 Census of Agriculture" is a valuable source for insights related to cattle operations at the state level. There were 13,928 operations across South Dakota with cattle in 2017, and the total inventory was 3,988,183 head.

An aerial view of a series of swine finishing facilities.

Methods to Slow Finishing Pig Growth

In abnormal situations, like with the packing plant closure we’re currently dealing with, pork producers may need to “hold” their pigs past normal marketing dates in order for other processing options to open up. We can accomplish that in two ways: altering internal barn environment and changing diets.

A farmer watching the sun rise in a bare, unplanted field.

Cash Flow and Income Considerations for S.D. Farms: Part 2

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.

Cash Flow and Income Considerations for S.D. Farms: Part 1

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.

A farm yard near a sprawling field of recently planted crops.

Planting Projections 2020

South Dakota producers recently indicated they plan to plant 12.9 million acres of corn, soybeans and wheat in 2020, plus an additional 620,000 acres of sunflowers, 345,000 acres of oats and 45,000 acres of barley, as well as 270,000 acres of sorghum and 11,000 acres of dry edible peas.

A male producer analyzing records on an office computer.

What Kind of Records Are You Keeping?

Measurement of the actions and efforts of everyday life on the farm or ranch leads to better management and efficiency. Many farmers and ranchers keep many records. Utilization of the records for improved management would be the next step to take to improve efficiency.

South Dakota agricultural landscape painted with Spring colors and a setting Sun.

Cash Flow is Critical

Strong business management skills and systems do not go out of style in times of uncertainty. These skills will help the business work through downturns in commodity prices. Cash flow budget accuracy is critical in developing and controlling the business.

A pair of hands wearing garden gloves holding tomatoes. A white text overlay reads "2018 Farm Bill." This image is courtesy of the USDA Farm Service Agency.

Time to Sign up for 2018 Farm Bill

This winter it is time to study up on the Farm Bill elections and make an appointment with the local Farm Service Agency (FSA) in order to put the program in place for the farm. The deadline to make the election is March 15, 2020.