Farm management tools and information

Are you planning on trying cover crops on your farm in 2021, 2022 and 2023? If so you may be eligible for a significant scholarship.

Feed Cost

by Nathan Hulinsky, Extension educator, Agricultural Business Management

Feed cost is the most important and expensive input cost on a dairy farm. For a combination of reasons, feed costs have risen sharply since the fall of 2020. At Central Grain in Sauk Centre June corn prices are around $6.70 with a positive $0.10 basis, with higher positive basis for late summer.  Soybeans are around $15.00 with negative $0.40 basis. These are very competitive bids.  Futures prices this fall are currently several dollars per bushel lower than nearby contracts. If you have any excess grain, consider contracting it for sale this summer. 

Thursday, August 12, 2021 | 9 a.m. to 3 p.m.

This year's conference will be held in-person (limited seats available) with an online option for those who prefer to participate virtually. 
Dr. David Kohl to be virtual keynote speaker.

Register online for the SW MN Ag Lenders Conference

Do you want to improve your skills as a farm supervisor? In this four-part webinar series, we will cover leadership and communication, hiring and supervision, employee culture and employee handbooks, and leading with confidence.

Click to register

 by Dave Bau, Extension Educator, Ag Business Management, U of M Extension Regional Office, Worthington

Farmers should develop a marketing plan to take advantage of great prices offered for 2021 and 2022 crops. Marketing plans have many components. What should a farmer include in a marketing plan?
Cash flow needs: When starting a marketing plan, a major factor contributing to when a farmer sells crops is when there is a payment or cash flow demand. Start a marketing plan with a list of when cash needs to be generated. Click here for full article