The SDSU Extension Crop Budgets are provided for producers to determine the preliminary cost of production for the major commodities grown in South Dakota.
The cost to import U.S. soybeans into China versus Brazil is still too high to expect large changes in expected soybean carryover stocks. When adjusting the current price for 2018 U.S. soybeans with tariffs, the cost to import U.S. soybeans is approximately 342 Yuan per metric ton (approximately $1.35 per bushel) more expensive than to import Brazilian Soybeans.
Technical signals can be incorporated into agricultural marketing plans to identify decision points. There are many types of technical signals that can be utilized.
The emergence of complex grain marketing contracts, both over-the-counter products (e.g. accumulator contracts), and combinations of futures and vanilla options (e.g. price plus contracts), has complicated the management of farm portfolio risk. These new complex grain marketing contracts are often given unique names, and are unique in the way they manage risk.
Calculating farm value at risk can be done using tools we have made available. This article looks at a histogram plot of the revenue risk for soybean production in Brookings County South Dakota in 2018.
What is a dynamic commodity rule-based marketing plan? It is a plan that identifies decision points and actions. Each operation should have a unique rule-based marketing plan that reflects production costs, cash flow needs, and insurance coverage.
The emergence of agricultural insurance products and complex grain marketing contracts has complicated farm risk management decisions. With greater choices available, producers need to know how much risk can be reduced with each risk management product in order to choose a risk management portfolio that optimizes expected return relative to the risk they take.
Calculating farm value at risk can be done using tools we have made available. This article looks at a histogram plot of the revenue risk for corn production in Brookings County, South Dakota in 2018.
SDSU Extension publishes the South Dakota Pest & Crop Newsletter to provide growers, producers, crop consultants, and others involved in crop production with timely news pertinent to management of pests, diseases, and weeds in South Dakota.
September begins a change of the seasons to cooler weather. In recent weeks, South Dakota has already had some cooler weather through Dakotafest and State Fair season.