Education for today's producers offered at Dakotafest¨ 2003 Educational topics that will help you strengthen your operation will be held each day at the eighth annual Dakotafest! The event will take place Aug. 19-21 on the Schlaffman Farm in Mitchell. It is the Dakotas' only outdoor farm show, with more than 34,000 farmers and ranchers expected to attend.
The forums at Dakotafest are produced in conjunction with the SDSU Cooperative Extension Service. The events Tuesday include The Agricultural Outlook from Capitol Hill, from 11 a.m. to noon. Even though Congress didn't have a Farm Bill to craft this year, there have been just as many front burner issues affecting the agricultural community this year.
From country of origin labeling implementation to drought relief and trade, it's been a pivotal year for agricultural legislation. A discussion of what's ahead for the upcoming year will be held with South Dakota's Congressional delegation, including Senators Tom Daschle and Tim Johnson and Congressman William Janklow.
From 1 to 2 p.m. on Tuesday, the topic will be City Meets Country. South Dakota is still considered a rural state, but with fewer farmers on the farm the landscape is changing and so are the rural verses urban issues.
A dialogue will be held with some of the state's top leaders about how urban and rural residents can work together to ensure a bright future for South Dakota. Experts will discuss the current demographic trends and provide insight on topics such school funding deficits, livestock zoning and economic development.
On Wednesday, from 11 a.m. to noon, State of the State of Agriculture will be the forum. Nebraska and South Dakota not only share a border, but the state's have many agricultural issues in common. In one of the first ever public forums, find out what the governors and ag secretaries of both states see as the challenges and opportunities in each state and how state governments on both sides of the border are working together on these important issues. South Dakota Governor Mike Rounds and Nebraska Governor Mike Johanns have been invited as well as South Dakota Secretary of Agriculture Larry Gabriel and Nebraska Ag Commissioner Merlyn Carlson.
Then on Wednesday, from 1 to 2 p.m. the topic of discussion will be Value Added Agriculture. Following, will be Deferring Capital Gains and Ordinary Income on the Sale of Property, Equipment and Inventory, from 2:30 to 3:30 p.m.
Financial Partners of Aberdeen and Overland Park, KS will be hosting Gabrielle Glass of Investment Property Exchange Services, Inc., a national leader in 1031 exchange programs. IPX will discuss general 1031 exchange issues for real estate and equipment sales, as well as the Tenant-In-Common 1031 exchange. Financial Partners will also discuss various techniques for income and captial gains tax deferral on the sale of land, depreciated equipment, grain and livestock inventory, including private family annuities, pension plans and innovative installment sale contracts.
On Thursday, the Livestock Competition Issues Forum will take place from 11a.m. to noon. Declining margins in the livestock sector are being attributed to the increased concentration and use of captive supplies by the nation's meatpackers and the diminished competition in the livestock markets.
Several agricultural groups have proposed ways to increase competition, including the passage of a national ban on packer ownership, country of origin labeling of meat, and even the forced break up of the nation's meat packing industry. Representatives of various sectors of the livestock industry will face-off at Dakotafest and share their perspective on how to return the nation's livestock markets back to profitability.
This year area 4-H and FFA groups were given the opportunity to decorate horse statues as a fundraiser for their organizations. These will be auctioned off at 1 p.m. in the forum tent.
Dakotafest 2003 will take place Aug. 19-21 at the Schlaffman Farm in Mitchell, directly off of Interstate 90. Show hours will be 9 a.m. to 5 p.m. on Tuesday, Aug. 19 and Wednesday Aug. 20 and 9 a.m. to 4 p.m. on Thursday, Aug. 21. Parking is free. Admission is $5 per person; 18 and under are free.
Dakotafest is presented by Dodge and Farm Credit Services of America and is sponsored by South Dakota State University and WNAX. For information, please call 800-827-8007 or visit www.dakotafest .com.