Financial Management

Farmer in tractor

2022 Crop Inputs and Cost of Production Workshops

October 26, 2021
In these workshops, extension educators will discuss the forces that are driving input costs and commodity prices, fertilizer recommendations based on soil test results, and preparing cost of production budgets.

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Fertilizer Prices Forecasted to Continue Increase: What to Know

Fertilizer Prices Forecasted to Continue Increase: What to Know

October 20, 2021
With nitrogen prices predicted to continue increase in the coming years, now is a great time for producers to work on their fertilizer use regime.

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 Nightshade plant
Large populations of black nightshade in corn stalks can be deadly to livestock, so careful observation during grazing is recommended.

Pasture and Forage Minute: Nightshade Poisoning, Planning Forage During Shortages and Inflation

October 18, 2021
This week, extension educators address concerns about cattle grazing black nightshade in corn fields and preparing a forage plan for 2022 to mitigate rising costs of inputs.

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Managing finances

Keeping Accurate Digital Records

September 2, 2021
Accounting software can greatly improve the financial record-keeping of farms and ranches, but it is not a foolproof method of record-keeping. Here are some tips for keeping more accurate digital records, regardless of the software you use.

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Farmer in tractor
Lance Cheung, USDA (Flickr/Public Domain)

Use of Operating Agreements in Farming Operations

August 18, 2021
Nebraska is one of six states that legally require Limited Liability Corporations (LLCs) to keep an operating agreement, but operating agreements can benefit all farms and ranches.

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Farmland
USDA NRCS Montana (Flickr/Public Domain)

Successful Grain Marketing Focuses on Establishing a Financially Successful Farm Price

July 22, 2021
This Center for Agricultural Profitability article highlights the role of expected revenue in relation to production costs in making the grain marketing decision as well as the creation and importance of your farm’s average selling price.

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Combine in field
USDA NRCS (Flickr/Public Domain)

Long Term Profitability, Balance and Growth of the Farm or Ranch Business

July 22, 2021
Nebraska Extension Agricultural Economist Matt Stockton examines the relationship between profitability and farm management in a balanced operation, and what it takes to be a skilled agriculturalist.

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Field of forage crop
USDA NRCS Montana (Flickr/Public Domain)

Managing Risk with Annual Forages

June 24, 2021
Annual forages are a useful tool to help manage erosion risk and build more resilient soil profiles. When planting annual forages to manage risk, producers may want to consider purchasing a crop insurance policy under the Annual Forage Insurance Plan (AFIP). 

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