Jessica Groskopf

Jessica Groskopf is an extension educator and agricultural economist for the Panhandle region in the Department of Agricultural Economics. She also serves as director of the Nebraska Women in Agriculture program.

The Lost Art of the Check Register

For most farmers and ranchers, a checkbook register remains the main ledger of accounts for their operation. However, properly maintaining a checkbook register is a lost art.

Woman working at computer

Selling During Times of Rising Commodity Prices

Listen: Nebraska FARMcast

Young corn in field.

Have You Reconciled Your Bank Statements Recently?

Listen: Nebraska FARMcast

Calculator, book and pen.

How Does Refinancing Affect Your Balance Sheet?

Listen: Nebraska FARMcast

Hand signing a document.

New Nebraska Land Link Program Connects Land Seekers with Landowners

A new Nebraska Extension program will work to connect new and beginning farmers and ranchers with retiring landowners who are interested in transitioning their land to a new owner.  

Nebraska Land Link is now accepting applications from interested land seekers and landowners, with the goal of providing land access using lease agreements, lease-to-own arrangements, buy-sell arrangements or other creative methods that are mutually beneficial for both parties.  

Soybean field

Grain Marketing Lingo: Common Phrases

Commodity marketing has its jargon. Common phrases you may hear are “nearby,” “deferred,” “new crop,” and “old crop” contract.

Harvester loading grain cart.

Nebraska Corn Basis Response to the Economic Shutdown

The events of 2020 caused large fluctuations in the Nebraska corn market, with cash prices reaching levels rarely observed. From cash prices in some areas approaching $2.50 following planting, to bids around $4.50 immediately following harvest, 2020 certainly had its up and downs. This variation in cash price is a result of changes in both futures price and basis. In this article, we will look back at the influence this year’s events have had specifically on Nebraska corn basis.

Closeup of mature corn.

Grain Marketing Lingo: Trading Codes

Commodity marketing has its own lingo designed efficiently and effectively convey information. One of the first skills that you will need to pick up is how to read trading codes. Let’s walk through an example. 

The following trading code describes the December 2021 corn contract:

ZCH21

In this simple 5-character code, one can determine the commodity being traded, the platform, the month and the year the contract expires. Let’s walk through an example.

Grain bins in field.

Driver Liability for Farm and Ranch Operations

One major concern of farming and/or ranching operations is the liability of semi-trucks and equipment when they are involved in a traffic accident.

How can I reduce my liability?

The first step to reducing your liability is to ensure that you have selection process for drivers, obtain background checks, maintain vehicles, and follow transportation regulations. Having documentation of these processes will also help, should your vehicles be in a serious collision.

Do my drivers or I need a CDL?

Semi truck on open road.

Cornhusker Economics: COVID-19, Farm Survival and Decision Making

COVID-19 is causing us to experience events that have always been possible, just not yet observed. For farmers, these events may have a big negative financial impact, or they may not. The impact on each individual farm has to do with how that individual farm has prepared for rare financially devastating events. Preparing for unseen events represents a logical approach. We call this approach stress testing. Just because you have not seen an event, it does not mean it does not exist. Or said another way, absence of evidence is not evidence of absence.

Farm under blue sky.
Woman working at computer
Young corn in field.
Calculator, book and pen.
Hand signing a document.
Soybean field
Closeup of mature corn.
Harvester loading grain cart.
Grain bins in field.
Semi truck on open road.
Grain bins on farm.
Hands on computer.
Files on shelf.
Aerial view of farm.
Charts on laptop screen.
Five things text with keyboard background.
Quicken tags graphic.
Corn field with pivot.
Group of people speaking in circle on farm.
Ground-level photo of soybean field.
Tax icons.
Estate planning in Nebraska graphic.
Planter in field.
Farm under blue sky.
Two generations on farm with Nebraska Strong text.
Combine and truck harvesting wheat.