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Golden Valley News
Beach, North Dakota
December 11, 2014     Golden Valley News
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December 11, 2014
 
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December 11, 2014 Golden Valley News Page 5 Spotlight on economics: Preparing for 2015 It is just as important at this time to consider the volatility in agricul- ture as it is to focus on recent de- clines in crop commodity prices. Do you know what you will do with your earnings if crop commodity prices re- bound? By David Saxowsky, Associate Professor NDSU Agribusiness and Applied Economics Department It is no secret that crop prices this season are lower and production costs higher. For those who are old enough to remember the 1980s or who have studied that time in U.S. agricultural history, the question may be: Will we see a repeat? No one knows the answer, but there are some fundamental management thoughts to consider as we begin 2015. Cost of Production Farm managers will want to proj- ect their 2015 production costs and cash flow within a few months. How- ever, now is the time to determine 2014 actual production costs, so take the time to retrieve and review them. Do not just rely on your recollection of what you were thinking last win- ter; review your computer files or paper documents. What turned out different during 2014 than you ex- pected nine months ago? Which costs were higher or lower? What com- modities generated more or less rev- enue than projected? Can you identify why actual costs and rev- enues were different than expected? Can some of the divergences be at- tributed to differences among pro- jected and actual quantity of inputs and yields? Costs As commodity prices decline, will some production costs also decline? Will rental rates decline, for exam- ple? It always seems that costs go up faster than they come down, if they come down at all. Rental rates that increased inordinately in the past few years may feel some downward pres- sure, while rental rates that increased more moderately are likely to remain near current levels. Will interest rates rise? Another unknown answer. How would higher interest rates (that is, your cost of capital, especially borrowed capital) impact your costs, earnings, cash Other Views By David Saxowsky Associate Professor NDSU Agribusiness and Applied Economics Department flow and asset values? Have you had an opportunity to analyze the impact of a change in interest rates? Do you need to make an extra effort to main- tain an effective business relationship with your lender? Have you taken the time for a thorough conversation with your lender? A comprehensive review and un- derstanding of what happened in 2014 should assist farm managers in preparing financial projections for 2015. Family Living For the past several years, pro- ducers have had an opportunity to re- ward themselves for years of hard work, but now may be the time to re- view and possibly adjust family liv- ing expenditures. Perhaps we need to shift back from "what we reasonably want" to "what we need." Earnings and cash flow for 2014 and 2015 should be considered in developing a reasonable expectation for family liv- ing. Marketing How are current prices and costs impacting your 2014 and 2015 cost of production, earnings and cash flow? An accurate cost-of- production projection should under- pin your marketing plans. Do you, as the manager, know what price you need to receive to pay costs, includ- ing a family living allowance? Do crop producers need to refine their marketing strategies? Marketing is expected to be more challenging in the future than it has been the past few years. Do we need to "dust off" and apply some of those past mar- keting tools? Most likely, yes. One may ask if producers should consider selling portions of the 2015 crop pre- production. Asset Values Now is the time to consider how the current financial situation in agri- culture is impacting the value of as- sets, such as equipment and land. Are the market values of equipment cur- rently declining more rapidly than your depreciation Calculation? Is market pressure likely to moderate land values in the next two years? How are declining asset values im- pacting your business risk- bearing capacity as revealed on your balance sheet? This also may be the time to do the obvious, such as adjust plans for equipment, building and land invest- ments. Volatility But as my colleagues remind us, agriculture is a global industry. When global carryover stocks are low, a production problem anywhere in the world during the winter could raise 2015 commodity prices quickly. It is just as important at this time to con- sider the volatility in agriculture as it is to focus on recent declines in crop commodity prices. Do you know what you will do with your earnings if crop commodity prices rebound? Will you pay debt, invest in farm as- sets that positively impact your bot- tom line, consider nonfarm investments or investigate alternative uses for your capital? These ques- tions are appropriate for livestock producers at this time because they are on track for some extraordinarily strong profits. Closing Thoughts This discussion does not address production practices and technolo- gies, crop insurance, farm program participation or detailed marketing plans. However, those decisions are all based on information derived from the fundamental business man- agement tools of enterprise analysis, income and cash flow statements, and balance sheets. Regardless of your personal or business situation, those basic management tools pro- vide the foundation for your business decisions. Visit with a lender, NDSU Extension educator, financial planner or other professional consultant to re- fresh your understanding and appli- cation of these management tools if necessary. Production agriculture will remain a rewarding and exciting career, but we cannot lose sight of the impor- tance of using fundamental manage- ment tools. Trying to find th I think most of us have heard that Paul Harvey audio column "So God Made A Farmer". I think it is best deal about farmers that was ever done. I wish Mr. Harvey had made a column about rancher's wives. What got me thinking about this is Shirley's birthday. She turns 29 again this week. Now it is hard to shop for the woman who has every- thing. Her coveralls are in pretty good shape. A friend gave her a new pair of wool-lined mittens a week ago. She bought herself a set of those deals you slip on your boots so you don't slip on the ice when carrying buckets. So you can see why I am struggling. So this morning I asked her what she would like for her birthday. She usually says she doesn't need any- thing. But I'm not sure if she means it. This morning she said she would like a couple of those portable 24- foot windbreaks to put out with her mares! I mean that is a ranchers wife! I think it must run in her family. I remember a few years ago, when out with relativesl the talk turned to what women like. We have a lot of intelligent conversations with rela- tives. One of her sisters said, and I quote, "You want to turn me on, bring second cutting alfalfa!" Now that's a cowgirl. But I tell you what, we've been putting up second cut- ting every year since. rfect birthday gift rel colt. Hat Tips By Dean Meyer Shirley wept with joy at how thoughtful I was. At least I think Ranch wives are a different they were tears ofjoy. I halter broke Charlie and spent a couple days gen- breed. I don't suppose there is a tling him down. I put him in the ranch wife who hasn't had an an- bronc stall in the barn and saddled niversary date, or a vacation de- him. When he backed out of that layed, because a heifer was just stall, all hell broke loose! He ready to calf. I imagine everyone has squealed and blew up in the barn. gone through times when they were The barn had about an eight-foot preparing Thanksgiving or Christ- ceiling and the saddle horn was pok- mas dinner for all the relatives and ing holes in it! I quickly got the barn the sewer backed up. Or the well door open and let him outside. He quit pumping water. Or the propane was kicking over his head every tank went empty and the turkey was jump and the stirrups were clicking just ready to put in the oven. I'm not areal planner. Somepeo- together over his back. When he stopped to get his wind, I caught him pie will set a date for branding sev- and pulled the saddle off. eral days or weeks in advance. More I went up to the house and told than once I've told Shirley, "Let's Shirley she had one of the best buck- brand tomorrow." Or maybe even ing horses in the country. And she that afternoon. I can come in with did! Charlie went on to be North fifteen or twenty people for a Dakota Bucking Horse of the Year a roundup dinner with little or no no- couple times. tice and she is happy to see them and Now, I've got to get this thing fig- you would swear she had been plan- ured out today. Tomorrow is the ning the meal for a week. birthday. And I just read this morn- But, back to the birthday. I'm try- ing to remember if it was our first ing that although most women say they don't want flowers, they really anniversary, or her first birthday do. So I am wondering if, since I after we were married. I gave her have to go check the sunflowers and Charlie. Charlie was a two-year old see if they are dry enough to com- King bred gelding I had raised. He bine, if they would suffice? was a good-looking sorrel gelding What the heck? It's worth a try. that should have been tough as nails Later, Dean and full of cow sense. Oh, but And Happy Birthday Shirley! Shirley would look good on this sor- Belfield Public School REGULAR MEETING, BOARD OF EDUCATION, BELFIELD PUBLIC SCHOOL DISTRICT #13 NOVEMBER 13, 2014 SCHOOL LIBRARY (unofficial) The meeting was called to order by board president Procive at 7:00 p.m Present: Terry Johnson(7:12), An- thony Krebs, Dan Obrigewitch, Edward Procive, Supt. Northrop, Bus. Mgr. Berger, Elem. Prin. Lorge Also present were Randy McDowell, Jacob Keck, Greg Pruitt M/S Krebs/Obrigewitch to approve the minutes of the Oct. 9, 2014, school board meeting. Motion carried unani- mously. M/S Obrigewitch/Krebs to approve the minutes of the October 16, 2014 special meeting. Motion carried unani- mously. Mr. Procive welcomed the audience. M/S Krebs/Obrigewitch to approve the agenda with addition of science project and evaluation form. Motion carried unanimously. Mr. McDowell presented information about a student Citizenship Club and a trip they would like to take to Washing- ton DC and New York which would in- clude the need for fundraising. M/S Obrigewitch/Krebs to approve Mr. Mc- Dowell to move forward with his plans. Motion carried unanimously. Greg Pruitt presented information about fundraising for a coop activity bus. South Heart School will handle the financial items including actual owner- ship and insurance of said bus. The board's consensus is that the Belfield School would accept this bus as a do- nation to the coop from the fundraising group. Mr. Keck noted he has a student who would like to do a science project that involves the use of a weapon and gun powder. M/S Krebs/Johnson to ap- prove this science project as long as no weapons/gunpowder are brought onto school grounds. Motion carried unani- mously. Prin. Lorge listed upcoming activi- ties. She also noted that she is attend- ing inservices on the new evaluation requirements. The business manager presented the financial reports for October. M/S Krebs/Johnson to approve the bills. Motion carried unanimously. Supt. Northrop noted that teachers will have an inservice on Nov. 26th, that enrollment is currently at 250 students. The Booster Club is doing a makeover of the fitness room, construction proj- ects are completed with the exception of one door. He noted no date has been set for the legal hearing. Reports were given on RACTC, RESP and the Sports Coop meetings. 31389 POSTMASTER" 98.00 31390 MAKEMUSIC 180.00 31391 DICKINSON NEWSPAPERS INC. 167.00 31392 ACTIVITY FUND BHS 60.46 31393 ADVANCED 250.00 31394 ALTERNATIVE SANITATION 550.00 31395 BAER, MARY 37.36 31396 BELFIELD AUTOMOTIVE SUPPLY 216.15 31397 BELFIELD PLUMBING & HTG. 828.06 31398 BERGER, ALICE 191.80 31399 BEST WESTERN PLUS RAMKOTA HOTEL 91.00 31400 BILLINGS COUNTY PIONEER 195.12 31401 BOSCH LUMBER CO 258.04 31402 BUCKMAN, CURT 169.40 31403 CENGAGE LEARNING 72.00 31404 CITY OF BELFIELD 1891.57 31405 CLASSROOM DIRECT/SCHOOL SPECIALTY INC 1145.79 31406 CLIMB 903.00 31407 COLLEGE PREPARATORY MATHEMATICS 2489.94 31408 CONNECTING POINT 150.00 31409 CREATIVE ENERGY 1671.61 31410 DAYS INN 1045.80 31411 DEPT. OF PUBLIC INSTRUCTION 452.70 31412 DICKINSON NEWSPAPERS INC. 29.00 31413 DISCOVERY EDUCATION 1000.00 31414 DORVAL, PAULETTE 224.00 31415 ECOLAB 129.38 31416 EDUTECH EDUCATION TECHNOLOGY SERVICES 50.00 31417 EXPRESSWAY INN 149.40 31418 EXPRESSWAY SUITES559.70 31419 FAMILY FARE #121676.48 31420 FILKOWSKI, LAURA205.23 31421 FOLLETT SCHOOL SOLUTIONS, INC 70.78 31422 FOOD SERVICES OF AMERICA- MIN 2665.13 31423 FORT UNION SUPPLY & TRAD- ING CO 1182.70 31424 GEIGER, ALAN 399.48 31425 HEWSON, ROBERT 125.09 31426 JOHNSON, TERRY 169.40 31427 JW PEPPER & SON INC 367.32 31428 KEMPS LLC 2013.05 31429 KENNEDY, THOMAS 6.48 31430 KREBS, ANTHONY 169.40 31431 LORGE, LOUISE 215.96 31432 MCDOWELL, KRISTY182.23 31433 MCGRAW-HILL SCHOOL EDUC HOLDINGS LLC 458.86 31434 MENARDS 610.81 31435 MESCHKE, LINDA 150.70 31436 MID-AMERICAN RESEARCH CHEMICAL 553.15 31437 MONTANA-DAKOTA UTILITIES 3420.84 31438 NEWBY'S ACE HARDWARE 15.92 31439 NORTHROP, WADE 416.70 31440 OBRIGEWlTCH, DAN169.40 31441 OFFICE OF ADMINISTRATIVE HEARINGS 1765.50 31442 PENNINGTON, ERIN69.23 31443 PRESTWlCK HOUSE 69.69 31444 PROCIVE, EDWARD 169.40 31445 QUILL CORPORATION 786.57 31446 REISENAUER, JANE 740.15 31447 RELIABLE ONE 478.11 31448 RUDY'S LOCK & KEY389.60 31449 RUNNINGS SUPPLY INC 104.30 31450 SAX MOTORS CO 580.67 31451 SCHOLASTIC INC 166.86 31452 SCHOOL PRODUCTS & EQUIPMENT CO 913.56 31453 SHERWIN-WlLLIAMS 24.95 31454 SOUTHWEST BUSINESS MACHINES 679.83 31455 ST BERNARD'S 100.00 31456 STOPPLEWORTH & SONS INC 924.51 31457 SUPREME SCHOOL SUPPLIES 88.52 31458 TIME FOR KIDS 84.74 31459 TOM'S SERVICE STATION 70.00 31460 US FOODSERVlCE, inc 3385.48 31461 US POSTAL SERVICE 585.50 31462 WEST DAKOTA PARENT & FAMILY RESOURCE CEN 25.99 31463 WEST RIVER STUDENT SERVICES 9344.18 31464 ZUGER KIRMIS & SM ITH 3149.40 31465 US POSTAL SERVICE 16.15 31492 CENTURYLINK 201.56 31493 CENTURY LINK 19.17 31494 CHASE CARD SERVICES 965.99 31495 HORACE MANN 520.00 31496 HORACE MANN 197.11 31497 ND SAFETY COUNCIL, INC 200.00 31498 OLD TYME MEAT SHOP 140.62 31499 TOOLEY, RHONDA 120.00 31500 CHOICE FINANCIAL 65.42 31501 ND INSURANCE DEPARTMENT 29.31 31502 LUTHER, LINDSAY 23.85 STUDENT ACTIVITY 7461 WALBY, JACQUELINE 121.50 7462 ARRIOLA, VALERIE 65.00 7463 HONEYMAN, ERIKA 121.50 7464 JOHNSON, ELAINE 25.00 7465 OLSON, BOBBLE 25.00 7466 SCHANK, KARLA 144.10 7467 ARRIOLA, DANIELLE 85.00 7468 ARRIOLA, VALERIE 118.90 7469 JORGENSON, CAMI 125.00 7470 LUDWICK, TAMEE 155.00 7471 MORGAN'S MEMORIES440100 7472 ND CHEER COACH ASSOC. 166.00 7473 SCHANK, KARLA 177.60 7474 WALTERS, JOEL 300.00 7475 BEACH HIGH SCHOOL 125.00 7476 ESLINGER, ALEXIA 35.00 7477 HETTINGER PUBLIC SCHOOL 100.00 7478 OLSON, BOBBLE 25.00 7479 JOHNSON, ELAINE 35.00 7480 MCCAY, SANDRA 215.60 7481 OLSON, BOBBLE 35.00 7482 WALBY, JACQUELINE70.00 7483 ND CHEER COACH ASSOC. 36.00 7484 KUDRNA, KENADEE 35.00 7485 WOLF, ASHLEE 35.00 7486 OLSON, RYLANN 35.00 7487 DICKINSON CATHOLIC SCHOOLS 654.52 7488 ANDERSON'S 99.94 7489 BOWMAN COUNTY SCHOOL #1 2391.06 7490 CERKONEY, ROZLYN 139.84 7491 CITY OF BELFIELD 120.00 7492 COCA-COLA BOTTLING 1375.05 7493 DISTRICT 5 FCCLA 980.00 7494 FCCLA 572.00 7495 GERRELLS AND COMPANY 1988.00 7496 LIFETOUCH PUBLISHING INC 1553.62 7497 NAT FFA ORGANIZATION 784.29 7498 OMNI CHEER 46.50 7499 PEPSI COLA BOTTLING 1700.25 7500 VARSITY 1779.25 7501 WOLF, ASHLEE 175.00 7502 GERRELLS AND COMPANY 3138.56 7503 WOMAN'S WAY RESOURCE FUND 122.75 7504 CHASE CARD SERVICES 528.79 7505 MATHCOUNTS 95.00 7506 ND CHEER COACH ASSOC. 30.00 7507 NEW ENGLAND PUBLIC SCHOOL 848.14 7508 SMOLZ INC 5930.97 7509 FRESH ALTERNATIE FUNDRAtSING1467.00 Bus. Mgr. Berger asked for a motion to adjust Title I funds. M/S Krebs/Obrigewitch to approve adjust- ment to Title I funds to match the state's approved final grant and the addition of reallocated funds of $6907.32. Motion carried unanimously. M/S Obrigewitch/Johnson to ap- prove a no tuition agreement for Bran- don Holland from McKenzie County. Motion carried unanimously. Girls fast pitch softball was dis- cussed. M/S Johnson/Obrigewitch to approve a girls fast pitch softball pro- gram for junior high and high school. Motion carried unanimously. M/S John- son/Obrigewitch to approve a coop be- tween Belfield, South Heart and Billings County Schools for girls fast pitch soft- ball. Motion carried unanimously. Supt. Northrop handed out the Coaches Handbook. M/S Obrige- witch/Krebs to approve the Coaches Handbook. Motion carried unani- mously. High School and Elementary Stu- dent/Parent Handbooks were handed out. The board was asked to review these handbooks before next meeting. Supt. Northrop noted the land the school was looking at has received an appraisal of $18,000 per acre. The board will continue to study this option. Supt. Northrop noted that after re- viewing state approved evaluation forms, he, along with Mrs. Lorge, would like to use the Marshall form for princi- pal and teacher evaluations. M/S Krebs/Obrigewitch to approve the Mar- shall Evaluation Form for use at Belfield School. Motion carried unanimously. The next meeting is scheduled for December 11, 2014 at 7:00 pm. Meeting adjourned at 8:48. Date Alice Berger, Business Manager Edward Procive, School Board Presi- dent (December 11) Billings County Commission BILLINGS COUNTY BOARD OF COUNTY COMMISSIONERS SPECIAL MEETING - NOVEMBER 13, 2014 The meeting was called to order at 9:00 A.M. with Commissioners Kasian and Kessel in attendance by telecon- ference. The purpose of the meeting was to discuss Resolution 2014-16 Burn Ban. Kessel moved to rescind Resolution 2014-16. Kasian seconded. All voted aye. There will be no burn ban in place unless weather conditions change. With there being no further business on the Special Meeting agenda, Kessel moved to adjourn the meeting 9:05 A.M. Kasian seconded. All voted aye. Joseph Kessel, Vice-Chairman Attest: Marcia Lamb, Auditor/Treasurer (December 11) A public notice is information infoming citizens of government activities that may affect the citizens' everday lives. Public notices have been printed in local newspapers, the trusted sources for community information, for more than 200 years. 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