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Markets/Prices

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Producer and FSA agent discussing Coronavirus Food Assistance Program signup in a cattle shed.

Coronavirus Food Assistance Program 2 Signup Open Until Dec. 11

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.

Dec 18

2020 Ag Economic Dialogues: December

Are you a farmer or rancher dealing with beef cattle? Join us for a free webinar for cattle considerations.

Young, female rancher observing beef cattle in a pen.

Capitalizing on Cow Costs: Part 2

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.

Rancher holding a notepad beside a feed bunk.

Capitalizing on Cow Costs

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.

Young rancher taking a flock inventory outside a sheep pen.

CFAP Deadline Extended and Sheep Category Added

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.”

Screenshot of the SDSU Interactive Grain Report Tool.

Interactive Grain Report Tool

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.

A rancher and RMA agent reviewing insurance paperwork beside a off-road vehicle.

Livestock Risk Protection for Cattle

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.

A meat packing facility.

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 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.

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

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.