Estate Planning

Avoiding Fireworks When Two Generations Manage an Ag Operation June 26, 2019

Sometimes when a younger generation returns to the farm, shared management can be a difficult transition. The author of this Cornhusker Economics article talked with growers across the state about their concerns and offers recommendations for achieving a smooth integration.

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Ag Estate Planning Workshops this January in West Point and Blair December 14, 2018

Designed to help anyone thinking about how they should proceed with plans to retire, exit, or transfer the farm or ranch business, these workshops are free but preregistration is required.

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Steps on a hillside

Accounting for Agriculture: Step Up While Passing Down December 11, 2018

A major consideration in estate planning is the transfer of assets to the next generation. Using step-up in basis can allow for the sale of long-held farm ground that appreciated in value, with little to no capital gain issues.

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Farm-Ranch Succession and Transition Workshops Nov. 5-7 October 16, 2018

Negotiating with family and understanding the difference between fair and equal will be among the topics addressed at Farm and Ranch Estate Planning workshops in western Nebraska Nov. 5-7.

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Farm/Ranch Transition Workshops: When You're Not in Control September 28, 2018

A new series of Nebraska Extension farm/ranch transition workshops is designed for the "sandwich generation," the one falling between retiring grandparents and the grandchildren who may or may not be interested in returning to the operation. The workshops will cover family communication and financial and legal aspects.

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Graphic showing article title

Financial Impact of the Tax Cuts and Jobs Act on Ag Producers August 22, 2018

As experts continue to interpret the new tax code, two things are certain for ag producers: The changes are far reaching and complex and in many cases, will result in a lower tax liability. This overview looks at several of the major changes affecting ag producers.

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Farm scene

Farm and Ranch Estate Planning Workshops March 2, 2018

Farm and ranch estate planning workshops will be held at four sites in March. The workshops offer information on how farm and ranch estates can be passed to ensure the financial stability of families.

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Invitation to Succession Survey

Ag Producers Encouraged to take Succession Survey September 6, 2017

Nebraska farmers and ranchers are invited to take a confidential, online survey about their farm or ranch succession plans. Responses will be used to design educational materials, a website, and develop programs specific to Nebraska producers.

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