Profit Tips Article Archive

Crop Progress & Crop Condition Index

The Crop Condition Index (CCI), is calculated to track the condition of a specific crop from week to week during the growing season.  It is based on the crop condition ratings reported each week in USDA’s Crop Progress Report.  South Dakota’s office of the National Agricultural Statistics Service (NASS) surveys Extension Educators and others each week to determine crop progress and crop condition during the growing season.  Information from this weekly survey is released each Monday afternoon.

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Financing the Business Transition

Many South Dakota farms and ranches are facing the tough management challenge of transitioning the business to the next generation. Part of this management challenge is finding sufficient funding. A natural conflict arises between the need for short term liquidity and long term capital to provide for growth. There is the need for cash to meet current business needs, provide personal security in retirement, return to ownership, provide for the needs of a growing family, and finance a business transition. It is no wonder that many businesses find managing the transition as one of the toughest management challenges they face.

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