South Dakota producers that faced market disruptions due to COVID-19 may be eligible for assistance from the Coronavirus Food Assistance Progam 2, available for signup through the USDA's Farm Service Agency until Dec. 11, 2021.
All Markets/Prices Content
Are you a farmer or rancher dealing with beef cattle? Join us for a free webinar for cattle considerations.
In a previous article, ‘Capitalizing on Cow Costs’ reducing feed costs to improve cow efficiency was discussed. To continue the conversation, another area of cost reduction is in cull cows, bulls and calf death loss.
Feeding cows is one area of consideration when analyzing the cost of keeping a cow through her production year. Through small management choices, we can decrease the cost of the cow while maximizing on opportunities.
As part of the CARES Act, many agricultural producers were introduced to the Coronavirus Food Assistance Program (CFAP). Due to the number of commodities that filed additional information, many commodities were added to the list of eligible products, including the addition of a sheep classification “all other sheep.”
The SDSU Extension Interactive Grain Report Tool provides a real-time and historical grain situation report for corn, soybeans, hard red spring wheat, and winter wheat. The tool gathers data on average state elevator cash bids, export cash bids, rail and barge costs, grain stock levels, rail cars loaded by state with grain, grain barge movements, and marketing year export inspections.
Price rallies, general price volatility and concern that prices may move lower could lead producers to insure livestock prices. Livestock Risk Protection (LRP) is an insurance program that covers the single peril or risk of lower prices on fed cattle and feeder cattle.
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.
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.
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.