Financial

Woman works on taxes at desk — Sole proprietor farming businesses use IRS Schedule F, Profit or Loss from Farming to report income and expenses of the farming business. Schedule F can be used by partnerships, corporations, trusts and estates to report farming activities.

Introduction to Schedule F Workshop Scheduled in Mullen

September 26, 2024

The workshop will cover basic tax information on filing a Schedule F, used by farmers and ranchers to report income and expenses of the business.

Family members stand together near vehicle — Life insurance can be a key tool for farm and ranch businesses to provide tax-free death benefits at the death of the insured if the policy is structured correctly. (CAP photo)

Ideas for Estate and Transition Planning: Life Insurance for Debt Coverage

September 26, 2024

This article highlights the importance of life insurance for farmers and ranchers in estate planning to cover debt, ensuring liabilities are paid off upon death.

Man and woman walk with children in field — Farm families can use life insurance as part of estate and transition planning to ensure financial security and smooth business succession for future generations.

Ideas for Estate and Transition Planning: Life Insurance

September 20, 2024

Life insurance can be a valuable tool for farm families, offering tax-free death benefits if structured properly. This article outlines the types of life insurance and their roles in debt coverage, estate equalization and income replacement.

Combine harvesting soybean — Setting accurate custom rates for harvesting operations is essential for balancing fuel, labor, and equipment costs to ensure profitability for producers.

Setting Custom Rates for Fall Harvest

September 20, 2024

The article discusses how to set custom rates for fall harvest operations in Nebraska, using the latest 2024 Custom Rates Survey data.

Open pasture — Range in early June. (Photo by Chabella Guzman)

Nebraska Extension Offering Workshop on Tax Planning for Farms and Ranches

September 13, 2024

The workshop will cover basic tax information on filing a Schedule F, used by farmers and ranchers to report income and expenses of the business.

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 September

August 21, 2024

Four clinics in September will provide confidential, one-on-one advice for farmers and ranchers on legal and financial issues, including estate planning and farm loans.