SDSU Extension's Community Vitality Newsletter includes resources to enhance communities and improve their capacity to flourish.
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In late spring 2019, SDSU Extension hosted the second annual ENERGIZE! Exploring Innovating Rural Communities Conference in Lemmon, South Dakota. This conference brought an estimated $25,802 to the local Lemmon economy during the two-day event.
Cool, rainy weather in Lemmon, S.D., didn’t dampen community spirit on April 30 and May 1, 2019, when the North-Central community hosted the state’s Energize! Conference with facilitation by SDSU Extension’s Community Vitality Team.
Consistent record keeping will allow for accurate ratios and trend analysis. While operations will change, grow, or contract, having a standard operating procedure will allow for analysis and decision-making.
The financial crash of the 1980’s has been attributed to changes in producer’s balance sheets, due to a decline in land prices. After this time, a two-column balance sheet was developed to help prevent that type of balance sheet collapse from occurring in the future.
Another component of determining net income is depreciation. This is one component of the Schedule F that many understand the least. Typically, the most use it gets is to minimize income tax through accelerated tax depreciation under section 179.
Many ag producers do not like bookwork. Many times this job gets pushed to the side, until a bill is due or taxes need to be filed. It is also fair to say it is a missing component to the management of most operations. A missing component that could lead to the collapse of the operation.
College and high school graduates have, or soon will be, walking across the stage and shaking hands President and receiving their diplomas. This act officially moves them on to the next stage of their lives.
This article was developed to address some of the questions around selling fish at the farmer’s market and to ensure that seller’s may be well-informed to ensure they are selling fish that meet regulatory requirements as well ensuring the product is safe.
April 15, 2019
Brent Comstock, a rural Nebraskan, is the founder of one of the most successful rural-based tech companies in the Midwest. He will be the keynote speaker during the 2019 Energize! Exploring Innovative Rural Communities Conference, held in in Lemmon April 30-May1, 2019