Farm Management

Sample of corn basis chart

Tracking Grain Price Basis to Identify Trends August 16, 2017

A new interactive, online tool can help you better understand and monitor local elevator basis levels and trends for corn, soybean, and wheat, which may help you garner a higher cash price for your grain.

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Western Nebraska Landlord/Tenant Cash Lease Workshop August 15, 2017

An Aug. 29 Landlord/Tenant Cash Lease workshop is designed to help landlords and tenants put together a lease that is right for both parties involved and help maintain positive farm leasing relationships. It will be held at the University of Nebraska Panhandle Research and Extension Center from 9-11:30 a.m.

Topics for discussion include:

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1099 Form

Who Needs a 1099? August 8, 2017

Farmers and ranchers are required to issue IRS 1099 forms for any payments of $600 or more made in the course of their trade or business. This basically means that if you are deducting that cost on your tax return, your need to issue a 1099. Learn more about the requirements and recommendations for issuing.

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Farmers shaking hands

Terminating a Verbal Farm Land Lease August 2, 2017

Some farm leases are not written, but are verbal or "handshake" agreements, the details of which may be remembered differently by both parties. This article addresses the deadline for giving termination notice for crop land leases (Sept. 1), how the requirements differ for crop and pasture lands, and links to sample written leases.

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Figure 1. NASA map shows the path and viewing times for the August 21 eclipse as it passes over Nebraska.

Q&A on 2017 Solar Eclipse and Nebraska Agritourism Liability July 27, 2017

Nebraska will be host to thousands of visitors looking to catch the optimal view of the August 21 above our skies. Before opening up your lands to this agritourism opportunity, be sure to understand and addess your liability.

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Map of Nebraska real estate values
Figure 1. Average value of Nebraska farmland on Feb. 1, 2017 and percent change from one year earlier. (Source: 2017 Nebraska Farm Real Estate Report)

2017 Farm Real Estate Report Details Price Decline June 30, 2017

The 2017 Nebraska Farm Real Estate Report released today estimates total value of agricultural land and buildings in Nebraska fell to approximately $127.7 billion, down $5.6 billion from 2016. In the all-land category the state ag real estate average value was $2,820 per acre or about 9% less than the prior year’s value.

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Scale of justice
Scale of justice

Kansas Federal Jury Awards $218 Million in Syngenta Litigation June 29, 2017

On June 23 a federal jury awarded $218 million in damages to 7300 Kansas farmers for lost revenue from China rejecting corn shipments containing unapproved Syngenta varieties.

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Register Now for July Farm Finance and Ag Law Clinics June 21, 2017

Openings are available for one-on-one, confidential farm finance and ag law consultations being conducted across the state each month. An experienced ag law attorney and ag financial counselor will be available to address farm and ranch issues related to financial planning, estate and transition planning, farm loan programs, debtor/creditor law, water rights, and other relevant matters.

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