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Crop Budgets UpdatedTrack revenue and costs for 13 crops and 50 cropping systems using the 2012 Nebraska crop budget and energy conversion worksheets. This publication also contains tables of power, machinery, labor, and input costs used to develop the budgets. Budget PageNegotiating 2012 Cash Rents for CroplandFirming up 2012 cash rental rates is on the minds of many landowners and tenants these days. Coming off a very strong income year in 2011, it looks like cash rents for this year are moving higher. How much higher, though, is the big question. We really can’t answer that until early March when we have the results from our UNL Nebraska Farm Real Estate Market Survey. For now, we can offer a few suggestions that both tenants and landowners might want to consider. More»
| Cornhusker Economics
The goals of a recently funded project to measure the potential benefits of developing a groundwater trading market in Nebraska is discussed in this Cornhusker Economics article. Groundwater is a major component of agricultural water use. In extensive regions of the Western United States, rural agricultural economies rely entirely on groundwater. At the same time as providing water for human needs, groundwater is also an input to streams, wetlands and riparian areas that provide important ecosystem services. Ongoing groundwater pumping will deplete flows in adjacent streams, leading to potential conflict between human and environmental uses of water. In the last decades, many conflicts over transboundary allocations of water, endangered species and instream and riparian habitat have been driven by surface water-groundwater interaction. For example, claims have been filed with the United States Supreme Court over the impacts of groundwater use on flows of transboundary rivers for the Pecos River (Texas vs. New Mexico), the Arkansas River (Kansas vs. Colorado) and the Republican River (Kansas vs. Nebraska and Colorado). Groundwater has typically been viewed as private property, and its use in agriculture is generally neither regulated nor quantified precisely. However, there is growing interest in moving to systems that regulate groundwater use. The ability to trade groundwater allocations is often a part of such conversations. |
