Farm Management

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Considering Ag Refinancing Options

February 28, 2017

In today's tight agricultural economy, a lender may require you to provide additional loan collateral—including land—as a condition for receiving continued operating credit. For example, if your carryover operating debt is $160,000, the lender might suggest moving the loan onto some land, machinery, or other property that is clear of debt.

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Stabilizing Your Farm's Financial Condition and Profitability

February 22, 2017

Nationwide farm net income has fallen for the last three years and appears to be on trend to keep falling. Interest rates are likely to increase, as the economy seems to be warming up, resulting in increased borrowing costs and tighter credit conditions. Cash rents fell by nearly 11% on average-quality farmland in 2016 and are on a trend to continue in the coming year.

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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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Losing Your Operating Credit and Loan Subordination

February 16, 2017
When an ag lender denies an operating loan for the next year and new funding sources are sought, a subordination agreement may be helpful in securing new credit while still laying out a payment plan for existing debt. Here’s what to consider.

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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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