Tina Barrett - Executive Director of Nebraska Farm Business Inc.

Tina Barrett

(staff)
Work
NE Farm Business Inc 3815 Touzalin Ave Ste 105 Lincoln NE 68507
US

Nebraska Farm Business Bio

Taxes ahead sign

Effects of Proposed 2017 Tax Reform on Farmers October 19, 2017

It looks more likely each day that Congress will pass tax reform in the near future. This article looks at how the tax reform changes proposed by President Trump would impact farmers and ranchers. The main goals — to reduce taxes for families and businesses and to simplify the tax code — generally would benefit farmers.

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Farm Finance Averages Show Some Light, Despite Concerning Ag Debt May 3, 2017

Nebraska Farm Business, Inc. recently completed its financial averages for 2016. These averages represent producers across the state who participate in this financial analysis program. Nebraska Farm Business Inc. provides producers with a comprehensive analysis of the financial health of their business, including their accrual basis net farm income (the true earnings of the business), an earned net worth change, cost of production, 21 financial ratios, and more. Each year the data collected from these farms’ records is averaged to provide participants with information to benchmark their operations. Taking a closer look at these averages also indicates shifting trends across these farms and ranches.

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equipment lease graphic

Caution for Farm Equipment Leases March 23, 2017

Many factors in the current agricultural economy are leading producers to consider a lease arrangement of new capital purchases instead of an outright purchase. When considering this option, it’s important to consider both the pros and cons as well as possible effects on your tax return.

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Photo of open laptop computer and farm records to input

Giving Your Farm a Financial Tune-Up February 21, 2017

It's common for producers to take their tractors and combines into the shop on an annual basis for a tune-up, but it seems less common for them to take time for a financial tune-up. While the equipment is worth a lot of money, the financial health of your business could be worth even more. This story outlines four steps to help you take stock of your farm or ranch finances and use them for informed decision making.

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Loan Renewal Form

Preparing for Farm Loan Renewal Time January 10, 2017

Shortly before Christmas, I was watching a Christmas movie with my family about a farm family who was in jeopardy of losing the operation if they didn’t come up with the required payments by January 2. It made me wish the struggles of the real farm economy could be fixed in less than two hours. While this isn't possible, there are steps farmers can take to prepare for a meeting with their banker. This story outlines key points to consider.

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Average capital purchase trend line for Nebraska Farm Business Inc. clients for 2002-2015.
Average capital purchase trend line for Nebraska Farm Business Inc. clients for 2002-2015.

Cash Flow and Tax Planning November 3, 2016

The author examines the differences between various farm income definitions and the economic implications of some of the short-term tax planning used in the last decade..

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hand using a calculator
Calculating ag taxes

Agricultural Tax Planning in Low Income Years October 25, 2016

Producers often feel there is no need to do tax planning in years when there is no profit, but in many ways, it’s more important to do tax planning in low income years than it is in high income years.  There are many planning strategies that can be used to help save tax dollars over the long term if there is enough time to plan.

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Graphic of a hand on a calculator to accompany 5 tax tips
Graphic of a hand on a calculator to accompany 5 tax tips

5 Tax Deductions for Your Farm October 21, 2016

Tax time on the farm can be a little stressful. In gathering all your forms and receipts in preparation for a visit to your accountant, don’t forget about these five deductions.

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