Characteristics Contributing to Nebraska Farm and Ranch Financial Stress

Significant financial changes have been underway in the U.S. agricultural system. After a decade of increases in crop and livestock prices mirrored by corresponding increases in expenses, prices began declining dramatically in 2014 (USDA-NASS, 2017). A survey in July 2016 indicated that 52 percent of Nebraska farmers and ranchers were financially stressed.
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Sweet Sorghum as an Ethanol Feedstock in Western Nebraska – Could It Happen?

It has been proposed that non-irrigated sweet sorghum might be grown in western Nebraska as a seasonal substitute for corn grain in corn ethanol plants. In the research summarized here1, we examine the economic feasibility of this possibility, based on the technical data that are currently available about sweet sorghum production.

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Syngenta Litigation Update

On September 26, 2016, Kansas federal district court judge John Lungstrum certified eight state classes and one national class of corn producer plaintiffs in the Syngenta litigation. This means corn farmers--allegedly harmed by lower prices when China rejected US corn imports because the unapproved Syngenta GMO seed varieties–can have their day in federal court. Affected Nebraska corn farmers will begin receiving written notice soon informing them that they are automatically included in the Nebraska producer class and the national producer class.
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Payoff of Corn/Soybean Rotation in Western Nebraska

Corn and soybeans are the two most common crops grown in Nebraska. Some farmers in the western part of the state plant continuous corn with few that plant continuous soybeans. In most cases some type of corn/soybean rotation is practiced. Idealistically speaking crop rotations should be producer and site specific, matching physical geography, resource availability and management capability. This work focuses on the difference in profitability among four possible rotations.
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Partial Budgeting: Making Incremental Farm Business Changes

Business owners must often make decisions about changes for their agricultural businesses. Many of the decisions are incremental, such as adding land, expanding or reducing, adding or changing how an enterprise is managed. Analyzing the whole farm impacts for these types of changes is unnecessary. The partial budget is a useful analytical tool for agricultural managers, operators, owners, and investors when these situations arise. A partial budget helps agricultural owners/managers evaluate the financial effect of incremental changes.
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Working Capital is Disappearing

Why is everyone talking about working capital? It seems just about every farm management topic/article/presentation is talking about working capital these days. We’ve heard experts talk about “Cash is King” for years but why is it really important?
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Nebraska Farm Custom Rates

Every two years a survey of custom operators is conducted to determine the current rates charged for specific machinery operations. The survey is divided into two parts. Part I includes the spring and summer operations such as planting and harvesting of small grains, and Part II includes information about fall and miscellaneous operations.
Read more in Cornhusker Economics

Part I
Part II

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So, You’ve Inherited a Farm, Now What?

Anyone that owns farmland may want to participate in this seminar to be provided information and education about that ownership. Learn management strategies for this asset by attending one of the meetings in this series in early April. Events are being planned for Norfolk on April 4th, 1:30 p.m.; Hastings, April 6th, 1:00 p.m.; Kearney, April 15th, 9:30 a.m., and North Platte, April 15th, 2:00 p.m.
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Loan Subordination

The recent drop in crop prices has put a financial squeeze on some Nebraska producers. What happens if you lose your operating credit? Dave Aiken, Nebraska Extension Water and Agricultural Law Specialist, was on Nebraska Ag Almanac recently to discuss. MP3

Transcript - Losing Operating Credit & Loan Subordination
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5 Resolutions for Farm Finances in 2016

As 2015 comes to a close, many people will be turning to New Year’s resolutions. Many resolutions are really an effort to change unhealthy habits or to adopt new ones to improve your life or business. As we think about recent shifts in the farm economy, there are many changes producers should consider to improve the financial health of their operation in the new year.
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