shop online at www.missourivalleyshopper.com March 21, 2017 • Page 15 National Ag Week March 19-25, 2017 Farm and Ranch Management Goes Beyond Production Feed Bunk Management SDSU Extension and other feedstuff on hand. a budget for the business as well as BROOKINGS — Surviving versus For example, a cattle producer the family. thriving in the midst of market lows would create a list similar to the one Profit and loss statement: The depends on management decisions. below: profit and loss statement ties togeth“Good producers manage produc• Raised replacement heifers, 700 er actions the operation made, not tion to the best of their ability; top pounds. listed on other financial statements. producers manage the financial • Purchased aged bulls, 1900 “The lack of redundancy is one components of their business in the pounds. of the beauties of the statements,” same manner,” said Heather Gess• Raised 3 to 8 year old cows, Gessner said. ner, SDSU Extension livestock busi1400 pounds. The profit and loss statement reness management field specialist. • Purchased feeder steers, 500 ports the earnings of the operation Below Gessner outlines some pounds. through mathematical addition and management practices agriculture Grain and feedstuff examples: subtraction of income and expense producers should implement: • Raised corn, kept for feed. from the gross income. • Annually create a balance • Corn, contracted for March Examples of items listed on a sheet, projected cash flow statement delivery. profit and loss statement include: and profit loss (income) statement. • Raised corn stalk large round • Capital gain/loss. • Be as familiar with the financial bales, 1200 pounds each. • Depreciation expense. standing of the farm or ranch – • Raised Alfalfa big square bales, • Non-farm income received. gross farm income, working capital 1700 pounds each. • Family living expenses. www.missourivalleyshopper.com www.missourivalleyshopper.com and return on assets – as most farm• Purchased grass hay, large SDSU Extension provides helpful ers are familiar with crop yields or round bales, 1500 pounds each. resources weaning weights. • Purchased mineral blocks, 50 Financial statements provide If a producer is not currently pounds each. the numbers required to create the creating the financial information for The inventory list makes up the financial ratios for the operation. their operation Gessner asks, “Who asset side of the balance sheet. The The ratios can then be monitored is?” liabilities side includes all the loans, for changes in trends. “If the banker or accountant account payable balances, and other SDSU Extension’s Financial Percreates these documents for a money due to creditors. formance Measures Workbook helps producer, they are likely to have a “These balance sheet numbers agriculture producers easily create better understanding of the financial are then used to formulate many of the ratios, which includes graphs for situation of the operation than the the financial ratios,” Gessner said. some of the most commonly used producer themselves,” Gessner said. “The ratios can provide trend analy- ratios. “If someone else is creating and sis of your operation. The trends This workbook can be found at maintaining an operation’s financial can then be monitored to ensure http://bit.ly/2lyRDKs. statements, as the owner/operator, the operation is thriving or provide “Opportunities will present themagriculture producers need to have feedback for areas of change.” selves in the next couple of years a clear understanding.” Projected cash flow: The creation for top producers to expand their Become the manager of projected cash flow statements operation or make improvements,” The start of a new year, Gessner serves as a planning tool. Gessner said. “Those individuals said, is a great time to commit to “By creating a month-by-month that take the management side of becoming better at managing your cash flow, producers have an entheir operation as seriously as they business. She suggested starting off hanced understanding of how much take the production side will not by creating financial statements. money is required to cover costs, only survive low market prices, but Balance sheets: Take an accurate and when it is needed” Gessner said. may even thrive.” inventory of everything on your Cash flow statements can be used For more information and guidfarm. Count the number of head in to do everything from making marance, contact Gessner or another each pen and record them by sex, keting decisions to maximize price SDSU Extension livestock or crops weight, age or other identifiers that and refinance decisions that change business management field specialwww.missourivalleyshopper.com www.missourivalleyshopper.com can be used to place a value on the due date of loans to coincide ist. Visit iGrow.org for a complete them. Also, take inventory of grain with the marketing plan to provide staff listing. www.missourivalleyshopper.com www.missourivalleyshopper.com www.missourivalleyshopper.com www.missourivalleyshopper.com Visit our Web site at www.missourivalleyshopper.com Visit our Web site at www.missourivalleyshopper.com Visit our Web site at www.missourivalleyshopper.com Visit our Web site at www.missourivalleyshopper.com www.missourivalleyshopper.com Obtaining Private Applicator Certification www.missourivalleyshopper.com or Recertification in S.D. HVAC & Electrical Contractors Amanda Bachmann – iGrow 2017 Private Applicator Certification Certification courses and exams are available for new and existing private pesticide applicators. If you plan to apply any pesticides (herbicides, insecticides, and/or fungicides) to an agriculture commodity worth $1000 or more, you need to be certified. Certification Options: Individuals have two options to obtain private applicator certification: attend a recertification class, or complete an online exam. Both options are free of charge. What to Bring: Private applicator certification requires positive identification using a government-issued photo ID. Acceptable forms of identification include but are not limited to a driver’s license, passport, or military ID. If you are recertifying, please bring along your existing private applicator certification card even if the card is expired. Why Certify? Certification is required by law and it gives you the tools to apply pesticides properly, safely, and profitably. You must be competent to read and follow a label, calibrate your sprayer, and apply pesticides. Certification is good for five years and allows you to buy and apply general and restricted use pesticides. A private applicator cannot accept cash for spraying applications but can trade agricultural services; for example, you can spray your neighbor’s field if they bale your hay. Record Requirements: Private applicators must keep records for two years of all restricted use pesticides that they apply. While record keeping is required only for restricted use pesticides, it is good practice to keep records of all pesticide applications as part of a farm management plan. Record keeping books and information are available at your local SDSU Extension Office or SDSU Extension Regional Center. Every year, some applicators are randomly selected for record keeping checks by the South Dakota Department of Agriculture. www.missourivalleyshopper.com www.missourivalleyshopper.com Power Source Electric Residential & Commercial Visit our WebElectricalat site Contractors 260.8683 www.missourivalleyshopper.com Divisions of Electair, Inc. Your Heating & Cooling Specialists 665.2895 Chris Frick Doug Dykstra Visit our Web site at Lester Swine Facilities www.missourivalleyshopper.com New Construction & Remodel Projects Pinkelman Sales, Inc. Hartington, NE • 402-254-6529 www.pinkelmansales.com • gpinkelman@hartel.net Visit our Web site at www.missourivalleyshopper.com Visit our Web site at www.missourivalleyshopper.com Warren Rusche SDSU Extension When it comes to nutritional management of growing and finishing cattle, the scientific aspects tend to get the most attention. Hours are spent getting the formulations right and debating the merits of different ingredients and additives. In truth, feeding cattle successfully is as much art and judgment as science. Judgment is required to balance between over- and under-feeding. Under-feeding limits performance and possibly Quality Grade. Feeding too much increases feed waste and more importantly can trigger acidosis, poor performance, and increased death loss. Tracking Feed Bunk Scores An SDSU research study conducted by Bierman and Pritchard (1996) compared cattle fed all they would eat to those fed just enough so that all the feed was consumed in a 24 h period. They observed that the steers fed with the slick bunk strategy had similar ADG but improved feed efficiency compared to the steers fed to appetite. There was also more variation in ADG among the steers fed all they would eat, suggesting that some of the steers may have experienced subclinical acidosis from over-consumption. A successful slick bunk feeding program matches dry matter intake (DMI) to the cattle’s appetite as closely as possible and keeps DMI consistent from day-to-day. To do so requires that managers know how much feed has been delivered previously and a way to track how the cattle respond. Dr. Robbi Pritchard at SDSU developed a widely-adopted scoring system to help cattle feeders monitor eating behavior for a particular pen (Table 1). A record of bunk scores and feed deliveries will help identify pens that are right on track, those that should be offered more feed, and those that should be fed less. Over a period of 7 to 10 days, seeing bunk score of 1/2 two or three days with scores of zero for the balance of the period would indicate a good balance between high intake to support performance with minimal DMI variation. Table 1. SDSU Feedbunk Scoring System Score Description 0 No feed remaining in bunk. 0.5 Scattered feed remaining. Most of the bottom of the bunk exposed. 1 Thin, uniform layer of feed remaining. About 1 corn kernel deep. 2 25 to 50% of feed remaining 3 More than 50% of feed remaining. Crown is thoroughly disturbed. 4 Feed is virtually untouched. Crown of feed still noticeable. Feeding Guidlines Some guidelines for managing feed deliveries include: • Feed calls should be made at the same time every day. • Feed should be delivered at the same time every day, ideally within a 15-minute window. • Do not increase feed offered by more than ¾ pound of dry matter. • In adapted cattle, feed should not be increased more frequently than every third day. • Remove stale feed; watch for sorting • Cattle behavior and aggressiveness in coming to the feed bunk can tell a great deal about whether or not feed deliveries should be increased. The Iowa Beef Center at Iowa State University has recently released an updated Feed Bunk Management factsheet that covers this subject in much greater detail, including pictures showing examples of different bunk scores - See more at: http://igrow.org/livestock/beef/feedbunk-management/#sthash.jPhNJChi.dpuf NEW 2017 NEW 2017 NEW 2017 TM TM E R R A N H H E D ID TI I T OI NO N A N C C TM BUILT STRONG TO BUILT STRONG TO OUTWORK, OUTPLAY OUTWORK, OUTPLAY BUILT STRONG TO AND OUTLAST THE AND OUTLAST THE OUTWORK, OUTPLAY COMPETITION THE AND OUTLAST COMPETITION COMPETITION R A N C H E D I T I O N Providing farmers with customized seed solutions to best meet their needs in quality, reliability and overall field performance. INTRODUCING THE INTRODUCING THE MULE PRO-FX™ RANCH EDITION MULE PRO-FX™ RANCH EDITION INTRODUCING THE MULE PRO-FX™ RANCH EDITION Forget the rest...ride with the best! 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