Valuing inventory can be a complicated process within agriculture. Not only do you have purchased inventory to handle, but you also have raised inventory. In general, inventory is valued at what is called the lower of cost or market. Cost is the price paid for the item, while market is the current market price.
Nebraska, utilizing federal COVID-19 relief funding, has established a program to help businesses, including ranching, impacted by COVID-19. The Department of Economic Development expects to award grants of $12,000 to eligible businesses, for a total of approximately $330 million.
In part one of this series of articles, I touched on the idea that, when
holding land as an investment, considering alternatives is important. We
discussed the process of selling the ground, paying the capital gains and
then investing in alternatives such as stocks. Here in part two, we will
continue to consider the question of agricultural land being the correct
investment for your portfolio but will take a different alternative
A major consideration in estate planning is the transfer of assets to the next generation. There might be corn in the grain bin, the prized family tractor, farmland and numerous other assets that are passed down in an estate.