Shannon Sand - Agricultural Economics Extension Educator

Closeup of man preparing tax forms — IRS Section 180 allows landowners to treat the residual fertility present in the soil at the time of purchase as a deductible cost. Though the deduction should be filed during the year of land purchase, landowners may be able to file an amended tax return for a previous tax year. It’s important to consult your CPA or tax advisor to understand your options and file accordingly.

Pasture and Forage Minute: A Closer Look at Section 180, Forage Inventory Season

February 6, 2024

With recent land purchases, many Nebraska producers are seeking to better understand IRS Section 180 tax deductions. This article provides a review of the tax code and its potential financial implications for landowners of newly acquired land.

Calculator on top of tax paperwork — The last day for farmers and ranchers to file taxes is Friday, March 1, 2024.

Pasture and Forage Minute: Record-keeping for Taxes, Selecting Alfalfa Varieties

January 9, 2024

It's time for another tax season. Agricultural Economics Extension Educator Shannon Sand shares tips on getting prepared for the March 1 deadline. Plus, considerations for selecting alfalfa varieties.

Cattle eating hay during winter — There are many factors to consider when deciding who should bear the cost of water for cattle grazing cornstalks — Nebraska Extension's NebGuide EC821 can help producers and landowners calculate the costs and come to an equitable solution. See below for more.

Pasture and Forage Minute: Water Costs for Grazing Cattle, Twine in Feed

December 12, 2023

Extension educators share recommendations for calculating the cost of water for cattle grazing on cornstalks, and highlight the risks associated with cattle ingesting twine or net wrap in hay feed.

Man using calculator at desk — Landowner who are interested in claiming deductions via Section 180 should consult with their CPA or tax advisor. (Center for Ag Profitability photo)

What is IRS Section 180 and How Does it Work?

November 16, 2023

With recent land purchases, some producers are asking questions to learn more about IRS Section 180 and how it may provide tax deductions in the year of purchase.

Hunter with German shorthaired pointers in field — In crop and pasture land leases, hunting rights default to the tenant unless otherwise stipulated in a verbal or written agreement.

Pasture and Forage Minute: Hunting Rights with Land Leases, Fall Thistle Control

October 3, 2023

A look at landlord and tenant hunting rights in land leases, and tips on managing pasture thistles this fall.

Cattle grazing corn residue — When it comes to stalks residue, grain sorghum stover will retain nutrient grazing value longer than corn, so prioritize grazing corn residue first to achieve optimum nutrition.

Pasture and Forage Minute: Lease Agreement Conditions, Grazing Drought-stressed Crop Residue

September 27, 2023

Extension educators review important factors to consider when entering a land lease agreement, overgrazing pastures in preparation for interseeding legumes, and using drought-stressed crop residue as a feed source.

Pasture and Forage Minute: Understanding Nitrate Scores, Corn Silage Pricing

September 6, 2023

Extension educators review the importance of understanding nitrate and nitrate nitrogen scores in forage test results, how to price corn silage to salvage drought-stressed crops, and selecting winter annual forages.

Pasture and Forage Minute: Nebraska Grazing Conference, Summer Annual Forages and Pricing CRP Hay

July 17, 2023

Make plans to attend the 2023 Nebraska Grazing Conference, tips to help make sure summer annual grass hays are dry and of good quality, and how to price CRP hay.