Jessica Groskopf - Extension Educator for Agricultural Economics

Jessica Groskopf

faculty, volunteer
Work
4502 Ave I Scottsbluff NE 69361-4939
US
Work 308-632-1247
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icon-academic-capEducation

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

Faculty Bio

Three people stand in field near equipment
As verbal leases are still common amongst American farmers, it’s important for all parties to give careful attention to legal timelines when entering an agreement to avoid disputes. (CAP photo)

Terminating a Verbal Farmland Lease in Nebraska

August 21, 2024
It's important to understand your rights when entering or terminating a verbal farm lease. This article provides best practices for termination to mitigate risks and foster smoother transitions.

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Family standing beside fence
Farm families who decide to gift a portion of the business to heirs should weigh the options carefully — gifting shares during life may reduce the donor's tax liability but could also lower their income, whereas transferring ownership at death allows heirs to benefit from a step-up in the asset's tax basis, potentially reducing capital gains taxes. (CAP photo)

Ideas for Estate and Transition Planning: Gifting Ownership

August 14, 2024
The next installment of a series on bringing family members into an agricultural operation, this article focuses on the pros and cons of gifting shares of a business during the donor's life versus at their death.

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Family riding horses through pasture
A recent book by Morgan Housel has relatable tips for farm and ranch families in finding balance in autonomy, wealth, and happiness. (Photo by Natalie Jones)

Recent Reads: The Psychology of Money

August 1, 2024
Insights on navigating the complexities of personal finance for multi-general farms and ranches.

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Corn field during summer
A corn field in August before harvest. (Photo by Chabella Guzman)

Determining a ‘Good’ Price for New Crop Corn

July 23, 2024
Consider these factors when creating a grain marketing plan for 2024.

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Hay bale sits in field
Nebraska hay stocks are substantially higher than last year, and coupled with low demand, there's currently downward pressure on forage prices. (Photo by Chabella Guzman)

Staying Current on Forage Prices

June 18, 2024
There are several resources that Nebraska producers can use to stay up to date on current hay prices. Use these sites to stay informed throughout the forage production season.

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Insects in a line on flat surface
Figure 1. Wheat stem sawfly adult (left) and the two species of Bracon parasitoids (middle and right) that are commonly found parasitizing wheat stem sawfly larvae in Nebraska. (Photo by Jeff Bradshaw)

Wheat Stem Sawfly Flights Peaked, New Reports of Range Expansion

June 12, 2024
In addition to confirming the presence of wheat stem sawfly in new Nebraska counties this year, Nebraska Extension anticipates fairly high pressure from the crop pest this growing season.

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Aerial image of cattle on farm
Borrowing a loan can be a useful tool for farmers and ranchers, but it's important to first understand the loan terms and repayment requirements as spelled out in the loan documents. (CAP photo)

The Basics of Loans for Farmers and Ranchers

June 6, 2024
Extension Agricultural Economist Jessica Groskopf reviews basic information about loans, such as the difference between secured and unsecured loans, and what financial documents to prepare for a lender.

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Man speaks to older couple near vehicles and farm equipment
While land, machinery and equipment are the most logical options, any physical asset used on your farm or ranch could be considered in a gift leaseback for family members looking to join the operation. (CAP photo)

Ideas for Estate and Transition Planning: Gift Leaseback

May 23, 2024
Continuing a series on ideas and tactics for bringing another family member into the operation, this extension article expands on strategies to transfer wealth by combining gifts with a lease agreement.

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