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South Dakota Ag community gears up for 2024
South Dakota Ag Connection - 02/08/2024

2023 was a year of trials for South Dakota's agricultural community. Weather extremes, high input costs, and rising interest rates tested the resilience of farmers and ranchers. Now, as they look ahead, the focus is on overcoming these obstacles and planning for the future.

Financial preparation is key for farm businesses as they transition into the new year. This includes essential tasks like balancing books, managing financial documents for lenders, and planning for income tax. Decisions regarding equipment upgrades and operational changes are on the agenda, especially as family dynamics within the business evolve.

The Center for Farm and Ranch Management at Mitchell Tech stands as a beacon of support, offering personalized assistance in recordkeeping, cash flow management, and business analysis. Nicole Tonak, an instructor at the center, emphasizes the importance of reaching out for help in navigating the complexities of the agricultural industry.

As South Dakota's agricultural community reflects on the past and plans for the future, the Center for Farm and Ranch Management is an important resource in ensuring the success and sustainability of these crucial operations.


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