Jessica Groskopf - Extension Educator for Agricultural Economics

Jessica Groskopf

faculty, volunteer
Work
4502 Ave I Scottsbluff NE 69361-4939
US

icon-academic-capEducation

  • BS, Colorado State University, 2010
  • MS, Kansas State University, 2011

Faculty Bio

Man filling out tax forms at desk
For farmers and ranchers, having investments like a retirement account can help mitigate risk. Often, retirement funds grow at a higher rate than inflation, protecting a person’s purchasing power later in life.

One-Participant 401(k): Saving for Retirement and Reducing Taxes

January 31, 2024
Insights on saving for retirement and reducing tax liability for self-employed farmers and ranchers.

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Phone displaying IRS website and cash money
According to USDA, only 40% of farm households participate in some type of retirement account.

One-Participant 401(k) as a Tool for Farmers and Ranchers

January 31, 2024
Center for Ag Profitability experts review features of the One-Participant 401(k), which helps self-employed individuals and their spouses save money for retirement and reduce taxable income.

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Farmer inside of tractor cab
Incorporating the possibility of disability into your estate plan requires professional legal assistance, so it's critical to discuss these issues with your attorney and financial advisor as part of the process. (Center for Ag Profitability photo)

What Happens to Your Farm or Ranch if You Become Disabled?

December 14, 2023
Labor contingency plans, emergency funds, buy-sell agreements, insurance — there's many factors to consider when preparing for a potential disability on the farm. Read this article for more on what to expect of the process.

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Farmers in field
Regardless of the type of lease — written, verbal, or even multiple year — the landlord should have clear communication with the tenant. You can avoid any miscommunication or pitfalls by sending a termination notice before Sept. 1, even for written leases.

Terminating a Verbal Farmland Lease in Nebraska

August 10, 2023
The most common legal issue associated with verbal farm leases is how a lease may legally be terminated. In this article, Nebraska Extension shares recommendations and deadlines for clearly communicating lease changes or termination.

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Financial papers and calculator
By entering the total purchase amount, down payment amount, annual interest rate (APR), duration in years, and the starting year of the loan, users can quickly and easily review the entire repayment schedule of a new loan.

CAP Launches New Loan Payment Calculator Tool

June 15, 2023
The new web-based calculator allows users to estimate a loan repayment schedule for a new loan and compare different loan terms, such as changes in the amount of the down payment, annual interest rates, or loan length.

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Farmers shaking hands

Terminating a Verbal Farmland Lease

August 11, 2022
Extension educators share recommendations on terminating verbal land and pasture leases when disputes arise.

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Center pivot
Figure 1. Center pivot irrigation on dry beans in the North Platte Valley. (Photo by Gary Stone)

Pathfinder Canal Break Update

July 14, 2022
Since July 7, PID indicated that sufficient repairs had been made to the breach to start bringing in water to the canal.

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Digging crane in field

Pathfinder Canal Break on July 1, 2022

July 5, 2022
Though it hasn't been determined what caused the Pathfinder (Interstate) canal break last Friday, PID hopes to have it repaired within two weeks. The break affected about 102,000 acres of cropland in Nebraska and Wyoming.

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