SD Farming Expenses Averaged $900K in 2013


The following is portion of an article from The Daily Republic:

by Marcus Traxler

The average farm in South Dakota spent more than $900,000 in expenses in 2013, almost $15,000 more than what was spent on average in 2012.

That's according to a report released Wednesday from Mitchell Technical Institute's South Dakota Center for Farm and Ranch Management. It's the final report installment in a four-part series.

The total average for costs on South Dakota farms reached $903,743, according to the school's program that helps manage the books for farmers and ranchers across the state.

“I don't know if the average person who isn't involved in a farm completely understands all the costs that go along with it,” Kathy Meland, an instructor in MTI's Farm and Ranch Management program. “A lot of these costs have increased in just the last few years.”

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Source:  The Daily Republic

Posted by Haylie Shipp



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