Effective marketing and risk management techniques often rely on sound benchmarks. Those marketing cattle need reasonable metrics to evaluate received and expected prices.
Content by Matthew Diersen
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.
Agriculture Producers Invited to Attend SDSU Extension Ag Economic Dialogues In Person or Via Webinar
December 18, 2018
SDSU Extension will hold Farm Economic Dialogues November 14,2018, from 9 a.m. to noon (CST) at the SDSU Extension Regional Center in Sioux Falls (2001 E. Eighth St.). The dialogues will also be live streamed for South Dakotans interested in participating via webinar.
Growth is a common denominator of various business objectives. A business may want to grow profits, sales, market share, etc. The growth of a business itself usually refers to growth in equity, or growth in assets after debts have been paid. Farms, from a business perspective, are no exception. Farmers seeking to grow equity need to be willing and able to retain earnings and cannot be overleveraged.
Farm decisions are often undertaken with a very long outlook. The purchase of land or a change in a cropping system are not choices done with short-run gains in mind. As a result, structural changes in agriculture are often slow to occur and to observe.