For livestock producers managing available feed resources on pasture and rangeland during a drought, taking care to avoid overgrazing is essential. Nebraska Extension Beef Systems Educator Ryan Benjamin discusses how stocking rates and other management practices can be effective, along with the importance of being flexible in planning and applying these strategies.

Read more at https://cap.unl.edu/livestock/flexible-stocking-rate-options-drought-management. 

With drought conditions impacting pastures and fields across Nebraska, there are some important tax deferrals that may be available for both livestock and crop producers. Tina Barrett, director of Nebraska Farm Business, Incorporated, joins the podcast to discuss. 

Read more at https://cap.unl.edu/finance/tax-consequences-drought. 

University of Nebraska-Lincoln Associate Professor Cory Walters discusses the upcoming crop insurance workshop in Grand Island, Nebraska.

Find more about the workshop, Oct. 19 at the Heartland Events Center, here.

When making decisions for your agricultural operation, it’s important to take a step back and get perspective – especially when it comes to estate planning and leasing. This is particularly important when family is working together in the business, which can often lead to rifts among family members who may feel treated unfairly. For more on these issues, and how to avoid them while maintaining good family relations, Allan Vyhnalek, a Nebraska Extension Educator in Farm and Ranch Transition and Succession, joins the podcast. 

Read more: https://cap.unl.edu/succession/get-perspective-big-decisions.

Following a Trump administration era trade deal signed a few years ago, the total quantity and value of U.S. beef being exported to China have both risen significantly. This remained true even through the COVID-19 pandemic. However, recent heightened tensions between the two countries over the situation in Taiwan has left some U.S. producers concerned about the sensitivity of the U.S. beef industry to Chinese purchases. That’s according to assistant professor and livestock economist with our Center for Ag Profitability, Elliott Dennis. 

Read more: https://cap.unl.edu/livestock/tensions-surrounding-us-beef-exports-china.

While children in farm families often seek out different paths when they graduate from high school or college, many want to come back to work on the operation. But finding a place for them and generating the cash flow to pay for it, takes some planning. 

To discuss what it really takes to employ more family members, and business strategies to set the farm up for success with future generations, is Dr. Larry Van Tassell, director of the Center for Agricultural Profitability and head of the Department of Agricultural Economics at the University of Nebraska-Lincoln. 

Read more: https://cap.unl.edu/management/adding-another-family-member-farm-payroll.

When it comes to farm leases, having a verbal, or “handshake” agreement in place, rather than a written document, can present challenges for all parties involved. Jessica Groskopf, an agricultural economist with the Center for Ag Profitability, has a new article on our website, cap.unl.edu, that provides an overview of written leases and, in particular, the termination dates associated with them under Nebraska law.

Read more: https://cap.unl.edu/land/terminating-verbal-farmland-lease-0.

Managing risk in an agricultural operation is a never-ending job. Available information related to tools like marketing contracts and crop insurance is constantly changing. Given the state of constant change and uncertainty, it’s important for operations to work to create a good risk management culture, where everyone manages risk on a day-to-day basis in a positive and timely manner. That’s according to Jay Parsons, professor and farm and ranch management specialist with the Center for Ag Profitability here at UNL. He has a new article on our site that offers five key principles for a good risk management culture.

Read more at https://cap.unl.edu/management/five-key-principles-good-risk-management-culture.

Beef clow slaughter numbers have been elevated so far in 2022, but, as UNL Livestock Economist Elliott Dennis points out in a new article posted to our website at cap.unl.edu, the rate at which slaughters have occurred has been puzzling. Dr. Dennis discusses what factors may be incentivizing the sell-off of cows and what this means for 2023’s calf crop and beef production going into the next few years.

Read more: https://cap.unl.edu/livestock/beef-slaughter-and-price-relationship-amid-2022-economic-conditions.

As the newly released UNL Nebraska Farm Real Estate report indicated, agricultural land values in the state have continued to climb this year, reaching an all-land statewide average of $3,360 per acre – a 16% increase over last year. These increases are being seen across the region as well, with the Federal Reserve Bank of Kansas City recently reporting some cropland increases as high as 32% over last year. Jim Jansen, an extension ag economist with the Center for Ag Profitability, discusses cropland values across the central U.S., and what’s driving the increases.

Read more: https://cap.unl.edu/land/cropland-values-central-us-show-strength-2022.