Farm Management

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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fertilizer applicator in the field
Figure 1. Fertilizer is one of a farmer's largest inputs and also the one that often varies the most in price from year to year. (Photo by Bob Klein)

Fertilizer Price Changes from 1994-2017 April 25, 2017

Fertilizer, one of the major costs in crop production, changes more in price each year than many other input costs. This articles addresses how farmers can reduce their fertilizer costs by selecting the most economical source for the fertilizer they need.

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Register Now for Farm Finance and Ag Law Clinics in May April 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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Table of corn payments for Panhandle Counties

Farm Program Payments and Projections for the Nebraska Panhandle April 10, 2017

This Panhandle Perspectives column, published by the University of Nebraska-Lincoln Panhandle Research and Extension Center in Scottsbluff, offers data and examples specific to western Nebraska.

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Soybean field beside a corn field

Crop Sequence: A Long-Term Decision that Impacts Annual Profitability and Risk April 6, 2017

An ag economist's comparison of the profitability of four crop sequence simulations: continuous corn, corn-soybean, continuous soybean, and corn-corn-soybean.

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Share Machinery, Reduce Costs — Developing a Joint Ownership Agreement April 5, 2017

Joint ownership of large farm equipment may offer cost savings. If you're considering this, check out the details that need to be included in the Joint Ownership Agreement.

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Nebraska Extension Event identifier

Quicken Classes for Farm, Ranch Record Keeping in the Panhandle March 31, 2017

When commodity prices go down, it’s important to keep financial books on the ranch for more than just tax time. Three workshops on Quicken for Farm and Ranch Record Keeping will be held in the Panhandle in April.

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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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