There are a number of price risk management tools available to livestock producers but learning about all of the options and knowing when to actually apply them – or not -- can be challenging. Dr. Elliott Dennis, with the University of Nebraska-Lincoln’s Department of Agricultural Economics, offers advice on how to navigate the available options and discuss the importance of matching the right price risk management to different market situations.

Read more at https://cap.unl.edu/livestock/matching-price-risk-management-tools-market-situations.

The average value of agricultural land in Nebraska is up 16% this year, according to the newly released preliminary report of the annual Nebraska Farm Real Estate Market Survey by the University of Nebraska-Lincoln. The all-land average of three-thousand-three-hundred-sixty dollars per acre is the highest land value reported in the four-decade history of the survey. Nebraska Extension Agricultural Economist Jim Jansen discusses this year's trends in land values across the state and what is factoring in to this increase.

Read more at https://cap.unl.edu/land/2022-nebraska-farmland-values-hit-historic-highs. 

When Nebraskans inherit land or other property, they must pay inheritance taxes to the county where the property is located. LB310, just recently signed into law, reduces most inheritance taxes beginning in 2023. Dave Aiken, UNL Extension Water Law & Agricultural Law Specialist, discusses the changes that will be brought by the law.

Read more at https://cap.unl.edu/policy-legal/nebraska-inheritance-tax-update. 

Since April 2021, more than 19 million workers have quit their jobs, leaving many businesses – especially those with frontline positions that interact directly with customers – scrambling to hire people. For more on what this so-called “Great Resignation” has looked liked, and what has contributed to it, Dr. Cheryl Burkhart-Kriesel, an extension specialist with Rural Prosperity Nebraska at the University of Nebraska-Lincoln, joins the podcast. 

Read more: https://cap.unl.edu/rural/why-aren%E2%80%99t-employees-coming-back-their-jobs

With Cory Walters, associate professor and grain marketing specialist, University of Nebraska-Lincoln.

Crop insurance represents a critically important producer risk management program. Projected prices, a primary factor influencing premium and liability, for both 2022 corn and soybeans have been determined. Projected prices for both commodities reflect the average price of their respective harvest futures contracts during the month of February.

Read more at https://cap.unl.edu/crops/2022-crop-insurance-corn-and-soybean-projected-prices-and-decision-making. 

The economic impact of COVID-19 has largely been felt in the livestock and poultry sectors through reduced labor supplies in processing plants, as well as some short-term market disruptions as institutional and retail demand have shifted. To understand more about how processing capacity has been affected and what that has meant for producer cash receipts in Nebraska, we speak with Dr. Elliott Dennis, assistant professor of livestock marketing risk management in the Department of Agricultural Economics here at UNL. Along with Dr. Brad Lubben, he is the co-author of a new article on our website, cap.unl.edu, that examines how this market shock has been felt in Nebraska’s livestock and poultry industries.

Read more: https://cap.unl.edu/livestock/impact-covid-19-cash-receipts-nebraska-livestock-and-poultry-producers

You’ve heard the saying – “no risk, no reward.” When it comes to risk tolerance in a farm or ranch business, some people who haven’t reflected on it in a while may be surprised to learn their own risk tolerance or, sometimes more importantly, the risk tolerance of other decision makers on their operation. Dr. Jay Parsons is an extension farm and ranch management specialist and professor in Agricultural Economics at UNL. He discusses a new article posted on our Center for Ag Profitability site about risk preference, including why it matters on the farm or ranch and how it can be gauged.

Read more at https://cap.unl.edu/management/risk-preference-calculator-tool-help-decision-makers-succeed

Legislative Bill 806 would significantly change Nebraska drainage law, and bring a long overdue reform to Nebraska water law. Joining to discuss this is Dave Aiken, Nebraska Extension Water Law and Agricultural Law Specialist.

Read more at https://cap.unl.edu/rural/new-bill-would-change-nebraska-drainage-law.

Higher costs and low inventory of fertilizer over the past year are continuing for farmers and ranchers in Nebraska. According to Dr. John Westra, professor and program leader with Nebraska Extension in the Ag Econ department at UNL, fertilizer costs account for about 15-to-20 percent of total cash costs for corn production in the state – making this a major concern for producers as the new growing season approaches. He joins the podcast to discuss what’s behind the price increases, what producers can focus on and tools available to help them get a handle on their costs in 2022.

Read more at https://cap.unl.edu/crops/fertilizer-costs-what-driving-increase-and-how-can-growers-manage-it.

With the number of Americans over the age of 65 expected to grow significantly in the next ten years, demand for personal care workers is expected to rise quickly. To help address this expected boom in an industry with high turnover and a shortage of workers, the Nebraska Cooperative Development Center here at UNL, in partnership with the Northwest Cooperative Development Center in Washington state, has developed a new Homecare Worker Cooperative Academy. The six-week program is designed to take caregivers through the cooperative development process. To tell us more is Cindy Houlden, cooperative development specialist with the Nebraska Cooperative Development Center.

Read more at https://cap.unl.edu/rural/homecare-worker-cooperative-academy-launching-nebraska.