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Please call (605)624-8273. 1850 Agriculture Seed Corn $175 a Unit Mycogen seed corn 2K395b 94 day Mycogen seed corn 2V357a 93 day Triple Stax round-up ready in Pro-boxes. Financing available if needed. Swenson Partnership 38318 228th Street Wessington Springs, SD 57382 Phone: 605-354-2127 or 605216-7287 (MCN)#) WE HAVE SEVERAL CREWS OF BEAN WALKERS. We do any type of farm work including cutting cedar trees. Put up fence and tear down fence. 24 years' experience. For more information call (712)943-2084, Cell (712)251-3277. 1870 Ag Equipment 2003 Dakota Grain trailer, 42', new brakes. Call 402-640-4125 SAVE ON YOUR MEDICARE SUPPLEMENT! FREE QUOTES from top providers. Excellent coverage. Call for no obligation quote to see how much you can save. 855-8999821. nani 49' Morris Field Cultivator with harrow, asking $3,500. WilRich 24' field cultivator with harrow, asking $750. 8' Case IH 3pt. Blade, new swivels and tilts, asking $1,100. 605-6612180. 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Huwaldts Herefords Randolph, NE. 402-337-0784 or 402-3604387. Expectations of Farm Income By Shannon Sand SDSU Extension Livestock Business Management Field Specialist Measuring Farm Income Two methods of measuring farm income are used and reported on by the United States Department of Agriculture (USDA) and other reporting sources, Net Cash Farm Income and Net Farm Income. While the two use very similar words, the formulas and use of them is different, and should be understood when reading reports regarding one or the other to Registered 18 month old An- discuss and understand the current farm income situation. Net Cash Farm Income gus bulls from A.I. Many are suitable for heifers. One Net cash farm income (NCFI) is calculated by USDA by Sim/Angus bull. Phone John adding crop receipts to livestock receipts to show total reSchieffer 605-661-8531 or ceipts from farming, add in government payments and other Marnie Shieffer 402-388-4532. cash income to total establish gross cash income. Then subRegistered Angus yearling tract the total gross cash expense, including interest expense. Net cash farm income is a financial indicator and can be bulls for sale. Sired by SAV Seedstock, Connealy Right An- used by individual producers to monitor profitability of their swer and sons of SAV, Net- operations. More on utilizing the net cash farm income ratio worth, Bismarck, Registry, Pio- can be found in Financial Measures for South Dakota Farms. neer, Scott Angus Cattle, BelNet Farm Income grade, Ne 308-550-1726. Net farm income (NFI) utilizes the same data used to determine gross cash income. Then, an accrual adjustment is Registered Angus, made to indicate net inventory changes. Gross cash expense SimAngus, & Red Angus is a total of expenses, depreciation and requirements for Bulls for sale at hired labor. Subtracting gross cash income from the gross Horseshoe Hill Ranch cash expenses utilizing this information provided the NFI. Net High performance & genetic quality *i50K enhanced farm income is utilized in macro-economic evaluation of the EPDs* Sired by: Recharge, farming sector. Confidence, Absolute, Angus 2017 Farm Sector Income Forecast Valley, Data Manager, Wide In February USDA Economic Research Service (ERS) Range, Hard Drive & More. release their 2017 Farm Sector Income Forecast. Nationally OVER 30 YEARS DEVELOPING BULLS. the net cash farm income (NCFI), is forecasted to total $93.5 Information & videos on billion, a $1.6 billion (1.8 percent) increase from 2016 totals. website These totals cover all agricultural sectors across the nation. poppebulls.com On the other hand, net farm income (NFI) is forecast to Bloomfield, NE decline by 8.7 percent to $62.3 billion. The variation in these Jay 402-640-9031 similar sounding formulas is due to the change in crop inven402-388-2410 tory held on the farm. There is a forecasted $8.2 billion in the sale of crop inventories, which will increase the gross cash Two year old and yearling Maine- Angus bulls for sale. income in both formulas, however the change in inventories Bakenhus Cattle Co. 402-910- will also be reflected in the NFI accrual adjustment. 1397. For comparison, the national NCFI and NFI levels peaked above $120 billion in 2013 (Figure 1) with the record corn, 1895 Utility – Livestock soybean, feeder cattle and live cattle prices (Figure 2, Figure Trailer 3). South Dakota Perspective Trailer Sale! 2017 6'X12'cargo NFCI & NFI V-nose ramp LEDs radials As mentioned above, both NFCI and NFI are reported for $2,775.00; 2017 7'X16' cargo V-nose ramp dr. LEDs radials all agricultural sectors, many of which do not affect South $4,199.00; 4-Place snowmo- Dakota. Nationally, cash receipts for most of South Dakota’s bile trailer; Scissor lift trailer; 8 main sectors are expected to decrease, compared to 2016 styles of DUMP trailers. levels. www.FortDodgeTrailerWorld.•Corn-receipts decrease 0.8 percent. The percentage com for prices & info. 515-972decrease is relatively small due to the offsetting forecast of 4554 (MCN) increased bushels sold and the declining price. •Wheat-receipts decrease 16.6 percent, due to a combined reduction in price and quantity sold. •Soybeans-receipts increase 1.1 percent amid a decrease in quantity sold. •Cattle and calves-receipts decrease 6.7 percent due to price decline. •Hogs-receipts decrease 4.7 percent due to price decline. PIERRE, S.D. – The South •Milk-increase 13.7 percent due to increased production Dakota State Historical Soci- sold and increase in prices. ety is seeking input from the Expenses public for the development Expenses were also forecast for 2017, compared to 2016. of future programming. Overall the total gross expense number is expected to be Citizens are being asked similar to 2016 levels, with variation in line item changes. to complete a short online •Livestock and poultry purchases-decrease due to the resurvey. The survey can be ported decrease reflected in the cash receipts above, mainly accessed from the society’s due to the decrease in feeder cattle prices. website at history.sd.gov •Fuel and oil- decrease 13.2 percent due to an increase in or by logging on to https:// diesel fuel price. www.surveymonkey.com/r/ •Seed, Pesticide and Fertilizer- decrease 5.4 percent due MTMVZV2. to fewer acres being planted. The survey asks people • Labor-increase 5.5 percent amid wage rate increases. what topics in South Dakota •Interest-increase 15 percent due to higher debt loads behistory interest them, as well ing carried and an increase in the interest rate. as what kinds of program•Net rent expense (rent adjusted for any income the ownming they like. er may receive in the form of government payments or share “The State Historical agreements)-2.7 percent increase from higher rental rates. Society collects, preserves, - See more at: http://igrow.org/livestock/profit-tips/expecinterprets and promotes tations-of-farm-income/#sthash.5zXX4PJ4.dpuf the history of the people of South Dakota,” said Jay D. Vogt, director of the State Historical Society at the Cultural Heritage Center in Pierre. “One way the society WASHINGTON– U.S. Sen. Mike Rounds (R-S.D.) today aninterprets that history is nounced that he is currently accepting internship applicathrough public programtions for fall 2017. The deadline to apply for internships ming, and the survey will help the society to better fo- in his Washington, D.C., Pierre, Rapid City and Sioux Falls cus its programming efforts. offices is May 26, 2017. College credit is available. Duties in the Washington, D.C., office may include track“Suggestions from the ing legislation, researching bills, attending committee hearpublic are of great importance in planning future out- ings and briefings, leading tours of the U.S. Capitol, handling reach,” Vogt continued. “We constituent phone calls, sorting mail and providing legislative support. Duties in the South Dakota offices include want to be sensitive to the desires of the people so that researching constituent inquiries and requests, participation in outreach activities, assisting staff on special projects, our programming matches handling phone calls and constituent requests and sorting their interests.” mail. In all offices, students will work closely with constituThe survey will be availents and staff, polish their research and writing skills and able through June 9. gain an in-depth understanding of a Senate office. Interested college students should complete the online internship application and submit a resume no later • Horse Arenas than May 26, 2017. Resumes • Private & Commerical should be submitted to intern coordinator Erin Budmayr Drives at erin_budmayr@rounds. • Unpaved Roads senate.gov. Information about • Grain Elevator Access the internship program, along with the application, can be • Free Estimates found online at www.rounds. senate.gov/internships. Purebred Angus Bulls and Herford Bulls, Yearling and 2 year old, bred for calving ease and carcass quality. O'Brien Angus, Tilden, NE 402-3682195 or 402-649-1327. 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