Economics
Price Reports
During the 2024, 2030 & 2022 growing seasons we ask farmers market attendees, vendors, managers, farmstead owners, and producers to provide data to help determine price averages and ranges in South Dakota. Prices of specialty crop, including vegetables, fruit and honey, were reported. Data was collected in the early, mid and late season.
Specialty Crop Economic Impact
The S.D. Specialty Producers Association (SDSPA) contacted with the Dakota Institute regarding an effort to study the business activities of specialty producers in South Dakota and understand their role in the state’s economy. Specialty producers represent a small but essential part of the Agriculture industry in South Dakota, but there is little official data on these producers. In order to gather new information on these producers, SDSPA and Dakota Institute developed a survey for distribution to SDSPA members and producer contact lists that would gather information on the types of specialty crops produced in the state as well as the employment and sales of producers in this segment of the Ag sector.
This report provides a short overview of the role played by specialty producers in South Dakota and summarizes the survey’s results. Section two of this report discusses specialty products and their production in South Dakota. Section three discusses the survey methodology. Section 4 discusses the survey results and the final section shares conclusions drawn from the survey.
Resources
Local Food Economics
eXtension Community of Practice to help you and your community understand the ag and food enterprise viability, market dynamics and other key socio-economics metrics of local and regional food systems.
Break-even Pricing, Revenue and Units, University of Missouri Extension
This publication shows how to determine a value-added agricultural product’s break-even price, revenue and unit sales from a cost perspective.
Ag Decision Maker-Industry Analysis, Iowa State University
- Enterprise budgets for organic, specialty & niche crops.
Latest SDSPA Videos & Resources
Presenter: Michelle Grosek, Bear Butte Gardens Description: Hear how Bear Butte Gardens uses Square point of sale system as a non-cash payment tool. Recorded: Nov. 30, 2023 This segment was supported by the Specialty Crop Block Grant Program at the U.S. Department of Agriculture through grant AM22SCBGSD1128.
Presenter: Kyle Cox (Cox’s Farm Stand), Kjersten Oudman (Blue Sky Vegetable Co.), Laura Patzer (Cherry Rock Farm), and Martin Jones (Bear Butte Gardens) Description: Four panelists share how they used work experience in specialty crops to prepare them for their current work, benefits of their previous work,
Presenter: Jared Lukens-Black of Budding Moon Farm Description: Hear from Jared of Budding Moon Farm about considerations and methods he uses to increase profitability while distributing 100% of his produce through CSA and Rx Programs. Recorded: Aug. 14, 2023 Episode 15: Audio Link This podcast is made
Presenter: Bob Weyrich, South Dakota Small Business Development Center, Cheri Rath, Value Added Ag Development Center Description: Recording of the producers business planning workshop held in Pierre. Learn about the components of a successful business plan. Link to Class Materials (Available to download) Recorded: Nov. 14, 2023
Presenter: Kiara Poytra and Michelle Grosek of Bear Butte Gardens Farmstand, LLC. Description: You’ve carefully selected your seeds, started them in just the right conditions, prepped your beds, weeded, harvested and then perhaps created a value added product with your produce. As you get ready to take
Presenter: Tara Bartekoske, S.D. Department of Labor, Denise Venner, Venner Farm, Michelle Grosek, Bear Butte Gardens, and Laura Patzer, Cherry Rock Gardens Description: Over the past few years, a few of our members have developed mutually beneficial relationships through the development of apprenticeship programs. This webinar
Presenter: Whitney Butler, Regional Representative MarketLink Description: Learn how the MarketLink program can help you accept SNAP/EBT cards at your farm. Content covers the basics of SNAP (formerly known as the Food Stamp Program), the potential benefits to your farm & community, and all the free services
For a complete listing of SDSPA videos, publications, podcasts and recommended resources visit our Resource Library.
