Crop Budgets

 

The SDSU Extension Crop Budgets are provided for producers to determine the preliminary cost of production for the major commodities grown in South Dakota.

 

To use the spreadsheet, producers should provide their own costs for the different expense items listed. In the spreadsheet, producers should know their anticipated seeding rate and seed cost, the rate of fertilizer (nitrogen, potassium, phosphorous, sulfur etc.) that will be applied, and the cost per unit for these items. The same needs to be done for all pesticides (insecticides, herbicides and fungicides) that will be used.

 

Other costs that need to be included are: crop insurance, fuel and oil, repairs, custom hire, drying and operation interest rate.

 

These budgets are provided to aid producers with risk and price management decision making. Producers that know their cost of production can combine risk management tools, like crop insurance, with marketing tools to limit losses or increase their average selling price.

 

 

 

 

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.