For most farm and ranch managers, developing realistic commodity price expectations is one of the most difficult and complex tasks of the planning process. To ease the burden of forecasting planning prices, the NDSU Extension Service has prepared a summary of projected short- and long-term planning prices.
Anyone wanting to start a business can find lots of advice, but some claims are too good to be true. You need to sort out the myths from the realities before deciding whether starting a business is the right decision for you.
Short- and long-term agricultural planning price projections for North Dakota are now available. Price projections are given for the major crop commodities, including wheat, durum, oats, feed barley, malting barley, oil sunflowers, nonoil sunflowers, corn, soybeans, canola, flaxseed, winter wheat, dry beans, dry peas, lentils, alfalfa hay and mixed hay.
In 2014, we celebrate the 100th anniversary of the Smith-Lever Act, which established the Cooperative Extension Service, a state-by-state national network of educators who extend university-based research and knowledge to the people. The Smith-Lever Act has stimulated innovative research and vital educational programs for youth and adults through progressive information delivery systems that improved lives and shaped a nation.
Projected crop budgets for various regions of the state generally show some return to labor and management for 2014, although the price of most crops declined significantly in 2013 and are not expected to improve. This means that producers may want to be more aggressive than normal in forward-pricing crops that provide an acceptable profit.
Beef cattle increase body heat production as a response to severe cold exposure by increasing their metabolic rate (heart rate, respiration and blood flow). This means that animals eat more during cold weather to meet their maintenance requirements. Also, cattle that suffer hypothermia or frostbite are more prone to other disease conditions and certainly do not perform as well as cattle that are warm, dry and out of the wind. (NDSU photo)
One of the most important decisions when planning any livestock facility is site selection. The site for the feedlot operation must be suitable for housing, handling and feeding cattle. Also, surface and ground waters must be protected and odor impacts minimized.(NDSU Photo)
Selecting the crop varieties that will grow best in a particular area can make a huge impact on a producer's profitability. Each year, NDSU agricultural researchers conduct variety trials to help determine which varieties produce the best yields under a range of growing conditions. The researchers evaluate the varieties based on a number of characteristics. Using that data, producers should choose the varieties that, on average, perform the best at multiple locations near their farming operation during several years.
Deciding on what size heating system to buy for a farm shop will depend on the size of the shop, how the shop will be used, how well it is insulated and how often the large doors will be opened. The construction of a building also makes a huge difference in how much heat the heating system needs to deliver. (Photo by pippalou at morgueFile.com)