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June 15, 2016     Sentinel Tribune
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SENTINEL TRIBUNE Wednesday, June 15, 2016 Page 7 WALNUT GROVE SENIOR NUTRITION SERVICES work June 20-24, 2016 Senior Dining serving at Country View Senior Living Community at 11:30 a.m., Monday thru Friday. Monday: Fried chicken, hashbrown casserole, veggie blend, banana berry cup Tuesday: Lasagna, peas, garlic bread, cookie Wednesday: Salisbury steak, mashed potatoes, car- rots, buttermilk brownie Thursday: BBQ pork ribs, baked sweet potato, Scandinavian vegetables Friday: Haddock filet, steak fries, corn, fluffy tapio- ca pudding/cherry topping For reservations call 859- 2133 one day in advance. Senior Dining is a joint partnership of your commu- nity and Lutheran Social Services, funded, in part, under the Older Americans Act. MIRROR OF BYGONE DAYS Adam Kletscher was busy last week grooming the softball field in the lower part of the county park last week. Pl II FIFTEEN YEARS AGO June 13, 2001 Rep. Ted Winter recently hosted a group of 6th grade students from WWG Middle School on a visit to the capitol. The students, visiting during the final days of the recent legislative session, observed the House and Senate in action, met with legislators, and received a tour of the his- toric State Capitol Building. Wilbur Oberg, of the American Legion, pre- sented a check for $2,000 to city councilman Dave Hoyt. The money will be used to help pay for the new restrooms in the city park. Twins owner Carl Pohlad is expected to be on hand for a dedication ceremony at the newly renovated baseball field in Milroy Monday, June 11. The field was recent- ly renovated with the help of a $5,000 matching grant from the MN Twins Community Fund, Cargill, Inc., and the Carl and Elouise Pohlad Family Foundation. THIRTY YI ARS AGO June 18, 1986 Dan Peterson, son of Mrs. Shirley Peterson, and a senior in the Walnut Grove High School next year, attended the American Legion, Dept. of MN sponsored Boys State, held at Gustavus Adolphus College in St. Peter. The Micawber Club was successful in getting the wheels turning to install a volleyball court in Ferguson Park. Friday the Walnut Grove Jaycees pitched in and filled the court with sand. Micawber members instigat- ed a community cooperative effort in the project. The Lions Club provided fman- cial help by paying for the sand needed, and the City of Walnut Grove will pay for standards for the nets. Jaycee members donated the use of equipment and labor towards the project. FORTY FIVE YEARS AGO June 17, 1971 Jacob Kenyon, high school principal, was granted a leave of absence, beginning with the 1971-72 school year. Kim Saxhaug, Walnut Grove, will be one of 90 contestants at the 1971 State High School Rodeo in Granite Falls on June 18-20. The first event in Walnut Grove's new municipal building will be next Thursday night, when the annual Firemens Dance will be held there. Also sched- uled for the June Festival of Fun next Thursday are a carnival and a buffalo feed. The carnival, spon- sored by the high school student council, will fea- ture dart games, ring tosses, etc, for the young- sters. SW RDC to hold annual meeting The public is cor- dially invited to attend the Southwest Regional Development Commission' s Annual Meeting on Thursday, July 14, 2016. The meeting will be held at Bello Cucina Banquet Room, Marshall, MN. Following a brief business meeting, the SRDC's Annual Meeting will begin at 4:00 p.m. and will conclude with a dinner. This year's guest speaker is Wade Fauth, Vice President of the Blandin Foundation. Mr. Fauth will be giving a background on the Blandin Foundation, and how they have been partnering with our communities and the Regional Development Organizations in the state on various projects and programs. Fauth will also discuss how we can best continue to partner to serve the needs of our rural com- munities. Advance registration is necessary. If you plan to stay for dinner the cost is $15.00 per person. If you are attending the meeting only there is no charge. Please RSVP by calling the SRDC Office, 507/836- 1644 prior to June 29. W[Y' AS[M[NT"t a- tcAa, . Wet Basement? Basement Wall Bowed? Foundation Settling? Driveway/Concrete Slab Sinking? Radon Testing & Mitigation FOUHDglOH CRACKEDt WATERWORKS * Basement Systems * FREE ESTIMATES FINANCING AVAILABLE TOLL FREE 1-800-195-1204 www, american-waterworks.com INCLUD~ INCLUDES 5% OFF Your Next Proied (Cannot be combined with any other offers/ ricultural Trenching Grain Bins e on 's Profit M: By: Don Nitchie, U of MN Ext. It has been a challenge for many corn and soybean producers to make selling and purchasing decisions since the markets returned to a more typical long-term environment of profits and losses in 2012. Over the past few weeks, we have seen fairly good increases in the price of corn and soybeans. This improves the odds of at least breaking even on the 2016 crop, but how many producers will capitalize on these oppommities remains to be seen. Prior to 2006, a profit mar- gin of $50 or more per acre was a rare situation for the average farm. It was com- mon to frequently experience a $20-30 per acre loss. If you go back beyond 1996, the high profit margins of the demand expansion years of 2006-12 were never expe- . rienced, except when under a supply shock such as drought. Those high margins are not expected again any- tune soon. The 2015 benchmark- ing data from Southwest Minnesota Farm Business Management Association farms shows a wide varia- tion in per-acre profit and loss among member farms. The high 20% of farms aver- aged a net return of $77.44/ acre while the low 20% aver- aged a loss of $145.80/aere. This variability is common, and it is likely even greater among nonmember farms. In livestock and dairy opera- tions, the variability is even more frequent year-to-year and across production cycles within the year. Farm decision makers need to focus on margin not on price. Margin is the dif- ference between your cost to produce per bushel or pound and your selling price. A favorable selling price is only one part of the equation. Cost control or reduction while maintaining productiv- ity is the other side of the equation. There are multiple pric- ing opportunities during the year, including forward pric- ing and post-harvest market- ing. Many producers wait too long to sell in hopes for a certain price only to have the market never reach that desired price. Meanwhile, they miss out on prices that would have offered modest profits. Waiting too long for high prices historically increases the risk of achieving lower prices. Making steady but modest profits can lead to more long-term success than holding out for big but much less likely profits. As an example, producer A has a 5-year goal to realize $35.00/ acre or $.20/bu profit per year after all costs, labor and management at a 175 bushel yield. Let's say producer A achieves this goal 4 years out of the 5, but 1 year out of the 5 he loses $.20/bu. Producer A's 5-year total profit is $105/acre. Now, Producer B has the 5-year goal of making $70/acre profit per year, which would be $.40/ bu at 175 bu/acre yields. He achieves this 2 years out of the 5, but he loses $.20/bu or $35/acre 3 years out of the 5. Producer B's 5-year total profit is $35/acre. It pays off to know what your profit margin has been, set a reasonable goal and manage towards that goal. The above example does not imply that the profit margins used should be your goal. You need to determine what is a reasonable for you. You have a huge advantage if you have solid records and benchmarking data ready to develop your profit margin goals. This is margin man- agement. It is not easy but it can payoff in today's mar- kets. FI N BI N Dat ful Tool By Dave Bau, U of MN Ext. Farm production records for 2015 have been added to FINBIN website. Farmers who participate in Adult Farm Management programs across Minnesota production records are combined online at the FINBIN website. The FINBIN website found at: http://www.finbin.umn.edu is full of great reference infor- mation going back to 1993. At the FINBIN website, pro- ducers can examine what has been taking place with their peers or examine costs for different crops. On the FINBIN website, you can generate summary reports, benchmark reports and compare your farm financial results to peer group farms. Under the summa- ry section, you are able to generate reports summariz- ing whole farm results for fmancial standards, income statements, profitability measures, liquidity measures, balance sheets, statement of cash flow, crop produc- tion and marketing summa- ry, household and personal expenses operator and labor information, nonfarm sum- mary and detailed income statement. There are also statewide reports on sever- al different crops and live- 37806 910th St. Heron Lake, MN 507-793 -2288 www.schumachersnursery.com stock enterprises. You can also generate any of these reports by county or regions if there are enough farmers to produce a report where the individual farmer's data can remain anonymous. You can examine the data even fur- ther selecting tillage systems, irrigated land and organic production, sometimes on a larger region or for the whole state to generate a report. There is significant infor- mation for farmers and land- lords to examine at this web- site. You can examine farm- land rental rates by county and look at fourteen counties in SW Minnesota. There was a 5.9 percent decrease from 2014 to 2015 from an average cash rent on corn of $250.89 in 2014 to an aver- age rent of $236.08 per acre in 2015. The FINBIN data allows the public to exam- ine the various inputs costs like seed, fertilizer, chem- ical, etc. for various crops including corn, soybeans, hay, wheat, oats, sweet corn, peas, sunflowers, sugar beets and many more. You can also examine the cost of pro- duction for many livestock operations. Benchmark reports are the next section on FINBIN web- site. You can look at the whole farm, crop or livestock enterprise by state, region or U-Pick 'em Bring your own containers 252548 county. You can select a crop and region and generate a report listing the expenses for 2015 or prior years. If you select corn for all of Minnesota, you will see a benchmark report that lists all expenses and incomes for corn on cash rented land across the state broken down into every 10 percent groups. The benchmark report allows farmers to examine individ- ual input cost like fertiliz- er and list all the costs for 2218 farms across Minnesota from the highest to lowest for expense or lowest to highest for income items. For fertilizer, the median cost is $137.07 per acre for all Minnesota corn farms on cash rented land in 2015 down from $151.36 in 2014. The report then groups all the fertilizer cost per acre listing the average for the highest 10% of the fertilizer costs per acre of $215.17 and then the next 10% in the 20% column at $187.59 all the way up to the lowest fertilizer cost of $54.86 per acre in the 100% column.. These farms are all across the state and the fertilizer recommendations vary by expected yield per acre, but this line indicates a wide range of costs from the most expensive at $215 to the lowest at $55. Farmers can benchmark their own fer- tilizer costs per acre to see how they compare. They can choose a county and clos- er region to see how their input costs compare to other farmers in the local area. The third section allows for farmers to enter their own financial standard ratios and once again compare their figures to farmers across Minnesota or select a small- er closer region or county. Once again a farmer would be able to determine their own farm's financial health compared to peers. 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