Updates Archive

2015 Nebraska Farm Real Estate Values

Nebraska agricultural land values declined two percent according to the recently published Nebraska Farm Real Estate Market Highlights 2014-2015 report. As of February 1, 2015, the weighted average farmland value for the state dropped over the prior 12-month period to $3,250 per acre.
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May Dairy Budget

May 2015 Iowa-Nebraska milk production budget showed improvement compared to April 2015. This improvement came from reduced cost of corn and a small improvement in milk price. That milk price improvement came about due to a significant increase in the butterfat price, just over 16 cents per pound, for the Central Federal Milk Market Order (FMMO). Even with that improvement in revenue, only the 24,000 pound per cow milk budget broke even for all economic costs.
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Cow/Heifer Breeding Costs

With cattle markets at record high prices cow-calf producers find themselves competing for production inputs at higher costs. In an effort to economize, questions that may arise might be "What is a breeding bull worth?" or "How much per calf are my breeding costs?"
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New Extension Blog

Robert Tigner, Red Willow County Extension Educator, has developed a new blog about farm and ranch management.
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Systemwide Crop Enterprise Budgets

An Excel spreadsheet that integrates 20 crop enterprise budgets for a single firm or system. This tool allows fixed costs, such as general farm insurance, accounting charges, repairs, utilities, and other overhead costs to be allocated across the various enterprises based on acres grown, crop gross, crop net of direct costs, hours spent in the field, or field fuel use. It also provides analyses based on cash and profitability. 
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Livestock Risk Protection Insurance for Fed Cattle

A new NebGuide the use of Livestock Risk Protection Insurance as a price risk tool for fed cattle producers.
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March Dairy Budget

Extension Educator Robert Tigner has prepared March budgets for dairy production.
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Livestock Budges Updated

The Cow Herd System Budget and the Sandhills Cow/Calf Producer Budget have been updated. Budgets for 50, 300, and 750 head herd have been added to the Cow Herd System Budget.
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Recordkeeping and Documenting Livestock Indemnity Program Eligible Losses

As a follow up to the February BeefWatch article titled "The Livestock Indemnity Program and the Importance of Recordkeeping," the present article will outline some of the details necessary in documenting eligible losses and the records involved.
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Livestock Forage Disaster Program and Estimated Drought Losses in Nebraska from 2012 to 2014

The Agricultural Act of 2014, more commonly referred to as the 2014 Farm Bill, provides disaster assistance to livestock producers through the Livestock Forage Disaster Program (LFP). The 2014 Farm Bill retroactively authorized the program to provide financial assistance to cover losses back to October 1, 2011. Under the LFP producers can receive financial compensation for grazing losses from drought or fire. 
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