Financial Management

Couple and son laughing on farm beside tractor — Throughout each Center for Agricultural Profitability Returning to the Farm workshop, participants receive help from experts in developing estate and transition plans, setting personal and professional goals and improving the communication process between family members.

Returning to the Farm Workshops Set for March 8-9 in Kearney

February 15, 2024

This workshop series assists families and agricultural operations with developing financial plans and successful working arrangements to meet their unique needs.

Men look at phone in front of grain silos — Strategic planning is a dynamic process that requires continuous adaptation to changing circumstances and is most effective when it includes input from stakeholders, including family, partners, employees, and even customers, suppliers, and buyers. (CAP photo)

The Importance of Strategic Planning for Farmers and Ranchers

February 15, 2024

Center for Agricultural Profitability Director Larry Van Tassell discusses two steps that make planning strategic: defining the mission of the business, and assessing the external environment and its implications for the farm business.

Man touching wheat while walking through field — As part of the new collaboration, the CDFA-NASDA program will help rural communities understand the myriad of financing programs available to invest in socially disadvantaged farmers and ranchers and develop long-term access to capital programs and strategies.

New Program Aims to Help Socially Disadvantaged Ag Producers Access Capital

February 14, 2024

The program will assist underserved farmers and ranchers with finding affordable funding sources to start and grow their business.

Combine harvesting corn field — The Agricultural Budget Calculator is a free tool to help producers figure machinery field operation and ownership costs. For more, visit the ABC website. (CAP photo)

Figuring Field Operation Costs Using the Agricultural Budget Calculator Program

February 1, 2024

This article provides an in-depth analysis of field operation costs for newer equipment versus slightly older equipment of similar size and power, which are used to determine costs for planting row crops.

Man filling out tax forms at desk — For farmers and ranchers, having investments like a retirement account can help mitigate risk. Often, retirement funds grow at a higher rate than inflation, protecting a person’s purchasing power later in life.

One-Participant 401(k): Saving for Retirement and Reducing Taxes

January 31, 2024

Insights on saving for retirement and reducing tax liability for self-employed farmers and ranchers.

Phone displaying IRS website and cash money — According to USDA, only 40% of farm households participate in some type of retirement account.

One-Participant 401(k) as a Tool for Farmers and Ranchers

January 31, 2024

Center for Ag Profitability experts review features of the One-Participant 401(k), which helps self-employed individuals and their spouses save money for retirement and reduce taxable income.

Oat field in summer — While taking stock of your operation for the new year, it’s also a good time to start planning spring annual forages. While oats are probably the most common cool-season annual forage planted in Nebraska, spring triticale or spring barley are also good options, with comparable forage yield and quality.

Pasture and Forage Minute: Preparing Your Operation for 2024, Planning Spring Annual Forages

January 23, 2024

Winter brings time to take stock of our current operations and plan for the future, which can make a significant impact on success in the upcoming year.

Farm finance clinic banner — Though the farm finance and ag law clinics are offered monthly at sites across Nebraska, remote sessions are another option — call the number below to arrange a one-on-one meeting via phone or virtual platform.

Free Farm and Ag Law Clinics Set for February 2024

January 22, 2024

February's clinics will be located in Fairbury, Norfolk, Stuart and Greeley.

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