Farm Management

tractor in a field
Given current low crop prices and thin operating margins, parents may be asked to guarantee payment of a child's debt when the younger producer is having difficulty repaying a loan. Parents may want to seek an objective, third-party assessment counsel when evaluating their potential risk.

Things To Consider Before Co-Signing A Loan February 9, 2017

Parents co-signing loans for their children is common in agriculture. Traditionally, it has happened when a younger producer needs a loan for major purchases such as land, livestock, or farm equipment. Given current low crop prices and thin operating margins, parents also may be asked to guarantee payment of a child's debt when the younger producer is having difficulty repaying a loan. While no one wants to see a financial loss for their children, parents need to carefully consider the potential for losing a significant amount of their savings before signing on the bottom line.

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Nebraska Extension on Strengthening Nebraska's Agricultural Economy February 3, 2017

According to the Nebraska Department of Agriculture, one in four jobs in Nebraska is related to agriculture.  This signifies the importance of agriculture to Nebraska’s overall economy.

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Grain Marketing Workshops in Alliance and Sidney January 23, 2017

Grain marketing workshops will be offered Jan. 31 in Alliance and Feb. 1 in Sidney to assist grain producers minimize losses during this time of low prices.

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Cover of 2017 Nebraska Crop Budgets
Cover of 2017 Nebraska Crop Budgets

Using the 2017 Crop Budgets to Focus on Costs January 20, 2017

The 2017 Nebraska Crop Budgets include 73 crop budgets representing most major Nebraska crops from corn to peas to wheat and a variety of production and irrigation systems. With the challenging agricultural economy, the budgets are one means to identify and focus on specific areas of crop production costs falling above typical costs for your system.

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Register Now for Farm Finance and Ag Law Clinics in February January 19, 2017

Openings are available for one-on-one, confidential farm finance and ag law consultations being conducted across the state each month. An experienced ag law attorney and ag financial counselor will be available to address farm and ranch issues related to financial planning, estate and transition planning, farm loan programs, debtor/creditor law, water rights, and other relevant matters.

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cattle grazing on drought damaged-pasture
Drought can severely reduce the carrying capacity of a pasture, as shown in this 2012 Nebraska photo.

Plan for Drought When Negotiating Your Pasture Lease January 19, 2017

Do you rent pasture? What happens if drought develops this summer and lowers pasture production below expectations? Specifically, what does your pasture lease say about drought?

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Estate planning grahic

Nebraska’s Estate Plan for your Farm January 10, 2017

What happens if you die without leaving a will or trust? This article explains the provisions in Nebraska laws for administering your estate and transferring your assets, as well as who may have to pay inheritance taxes.

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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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