KFMA Podcast

In this episode, we are joined by Kay Prather, the program coordinator for the Kansas Agricultural Mediation Services (KAMS). Kay shares with us the background, purpose, and mission of KAMS.

Resources:

KAMS Website: https://www.k-state.edu/kams/about/

KAMS Toll Free Hotline: 1-800-321-3276

Kansas Ag Stress: https://www.kansasagstress.org/

Robin Reid joins us back on the KFMA podcast to discuss trends in Kansas ag land values. We also took time to talk about her latest research on agricultural land ownership in Kansas. Make sure to follow the links below for resources discussed in the podcast.

2022 Land Values Book: https://www.agmanager.info/land-leasing/land-buying-valuing/kansas-land-values-book-2022

Analysis of Agricultural Land Ownership: https://www.agmanager.info/land-leasing/land-buying-valuing/analysis-agricultural-land-ownership-kansas

Foreign Holdings of Kansas Land: https://www.agmanager.info/foreign-holdings-kansas-ag-land-0

Dr. Jenny Ifft joins us again on the KFMA podcast to discuss a new research project. This study looks at agricultrual land turnover in the state of Kansas. During this episode, Dr. Ifft discusses the current findings and preliminary observations.

Dr. Jennifer Ifft, associate professor and Flinchbaugh Agricultural Policy Chair at K-State, joins us to discuss insurance and FSA program options for livestock producers.

More on Dr. Ifft: https://www.agmanager.info/contributors/ifft

Dr. Brian Briggeman, professor in the Agricultural Economics Department at K-State and Director of the Arthur Capper Cooperative Center, joins us again to provide a macroeconomic update. We discussed trends with interest rates and inflation through 2023, potential for a recession, the state of the labor market, and how all of this relates back to agriculture.

KFMA Executive Director, Mark Dikeman, joins us to discuss the 2022 KFMA Executive Summary data and current farm conditions for 2023.

KFMA Executive Director Mark Dikeman joins us to discuss general details of two current FSA programs. These two programs, Emergency Relief Program 2 (ERP 2) and Pandemic Assistance Revenue Program (PARP), work differently than most FSA programs we have seen in the past. Mark explains the general premise of the two programs, eligibility requirements, application deadlines, and more.

This podcast is not meant to be detailed advice or consultation for either of these programs. Anyone looking to apply for these programs should consult FSA and their accountant or tax preparer for more detailed information and to evaluate their eligibility.

This episode finishes our transition planning series walking through the "Cultivating Your Farm's Future" workbook. In this final episode of the series, we go through the operating agreement worksheet. The goal of this worksheet is to think through and discuss how you want your farm entity to operate and have something you can take to your attorney when setting up the entity.

Thank you for tuning into this series! A huge thank you to the University of Wisconsin- Madison Division Extension for providing this resource to producers and allowing us to use it as the foundation for our transition planning series.

Workbook Link:

https://farms.extension.wisc.edu/files/2022/08/Cultivating-Your-Farms-Future-%E2%80%93-A-workbook-for-Farm-Succession-Planning-in-Wisconsin_online_FINAL-1.pdf

In episode 7 of our transition planning series, we continue our dive into action steps to help make a farm transition successful. This episode continues part 3 of the "Cultivating Your Farm's Future" workbook titled, "How do you get there?" We cover pages 47-49 of the workbook, discussing issue development, how to identify strategic vs. operational issues, and developing an action plan to face issues as they arise.

UW- Madison Divison of Extension Workbook Link:

https://farms.extension.wisc.edu/files/2022/08/Cultivating-Your-Farms-Future-%E2%80%93-A-workbook-for-Farm-Succession-Planning-in-Wisconsin_online_FINAL-1.pdf

In episode 6 of our transition planning series, we dive into action steps to help make a farm transition successful. This episode leads into part 3 of the "Cultivating Your Farm's Future" workbook titled, "How do you get there?" We cover pages 44-46 of the workbook, discussing meeting agendas, operational meetings, and strategic planning meetings.

https://farms.extension.wisc.edu/files/2022/08/Cultivating-Your-Farms-Future-%E2%80%93-A-workbook-for-Farm-Succession-Planning-in-Wisconsin_online_FINAL-1.pdf