Digital Commons Network^™

What Do Ongoing High Interest Rates Mean For Ag Producers?, Jay Parsons, John Hewlett, Jeff Trandel

Center for Agricultural Profitability

As we progress through 2024, the agricultural sector faces significant economic pressures from persistently high borrowing costs.

In the crop sector, smaller cash buffers and the need to preserve working capital due to tightening profit margins resulting from lower crop prices and higher input costs contributed to an increase in farm operating loan activity in the first quarter of 2024 (Kansas City Federal Reserve). Farm machinery and equipment costs also rose considerably in the last few years. As a result, loans to purchase such equipment are larger and the higher interest rates only complicate the purchase decisions even further. Farmers …

2024 Nebraska Custom Rates: What To Charge?, Glennis Mcclure

Center for Agricultural Profitability

The 2024 Nebraska Custom Rates Report, which offers insights for agricultural producers and service providers, is now available through Nebraska Extension and the University of Nebraska-Lincoln’s Center for Agricultural Profitability. The report, published at cap.unl.edu/customrates, compiles survey data from 159 respondents, providing current market rates for 138 different custom operations and services across Nebraska.

This comprehensive resource serves as an essential guide for those offering and seeking custom agricultural services. While the report offers a detailed overview of market trends, custom service providers are encouraged to consider their own operational costs when determining their rates.

Agricultural custom rate charges …

From Australia To Nebraska: Researching Social Value, Marilyn R. Schlake, Cheryl A. Burkhart-Kriesel, Jean Ann Fischer, Michelle Krehbiel, Randy Saner

Cornhusker Economics

Globally, there is a growing body of research on social capital through the lens of social value, or how the social connections translate into actions with tangible outcomes impacting livelihoods and well-being. In the United States, social value is a relatively new perspective that will add to the social capital discussion.

Whitetop (Hoary Cress) Control In Residential Situations, Taun Beddes, Michael Caron, Jacob Hadfield, Corey Ransom

All Current Publications

Whitetop (Lepidium draba, formerly Cardaria draba) is a persistent, perennial weed that grows in open, sunny areas. It spreads by seeds and rhizomes, enabling it to spread by several feet in a single season. It is common in wildlands, agricultural, and residential areas. It rapidly spreads into unhealthy lawns, landscape beds, and vegetable gardens. This fact sheet provides information on identification, lifecycle, landscape damage, and suppression and control options.

2021 Nebraska Feedlot Labor Survey, Kimberly J. Enger, Elliott James Dennis, Galen E. Erickson, Andrea Watson

Center for Agricultural Profitability

The Nebraska Feedlot Labor and Management survey, conducted by Nebraska Extension and Nebraska Cattlemen., reveals notable changes in labor costs and compensation within the state's feedlot industry. From 2015 to 2021, total employee compensation across all feedlots nearly doubled, highlighting significant financial shifts in the sector. Despite this increase, wages have not kept pace with inflation, indicating ongoing economic challenges. The survey, which also sheds light on hiring difficulties and management practices, provides a crucial benchmark for feedlot operators to navigate labor costs and industry trends effectively.

Violent Conflict Drives World Hunger And Food Insecurity, E. Wesley F. Peterson

Cornhusker Economics

The World Food Program (WFP) with support from the United States and other countries works to provide food to those in need as a result of conflict, adverse climate effects, poverty, and government mismanagement. It is limited in what it can do, however, by budget constraints and rising food prices. On top of the financial issues, the delivery of food assistance is particularly complicated in areas of conflict where warring adversaries often hijack food supplies intended for the other side. While it is illegal under International Humanitarian Law to use starvation as a weapon of war, Dzerowicz (2023) has identified …

Aging In Place In Rural Nebraska: Homecare Worker Cooperatives, Cythia Houlden

Center for Agricultural Profitability

In 2022, the Nebraska Cooperative Development Center (NCDC), in partnership with the Northwest Cooperative Development Center of Washington state, introduced a six-week Homecare Worker Cooperative Academy designed to take caregivers through the worker cooperative development process. Topics covered by the academy included democracy in the workplace, business basics, marketing and member engagement.

The impetus for the academy was the realization that Nebraska — and the U.S. as a whole — are facing a potential elder care crisis.

The Basics Of Loans For Farmers And Ranchers, Jessica Groskopf

Center for Agricultural Profitability

Borrowing a loan can be a useful tool for farmers and ranchers, especially to fill in gaps when cash or working capital is short to cover current obligations or to make necessary or planned capital purchases. Before signing for a loan, understand the loan terms and repayment requirements as spelled out in the loan documents. This article defines and explains important lending terminology and considerations for farmers and ranchers.

The North Central Extension Risk Management Education Center, Part Iii: Outcomes And Impacts, Bradley D. Lubben, Christine Lockert, Sheila Aikanathan Johnson, Milan Chauhan

Cornhusker Economics

The North Central Extension Risk Management Education (ERME) Center has existed since 2001 to help support producer-focused agricultural risk management education across the twelve-state North Central Region. The Center works together with centers in other regions of the country to implement a comprehensive program of needs assessment, regional grantmaking, capacity building, and evaluation and reporting to support projects that help producers manage risk and document the outcomes and impacts of those projects.

The last two Cornhusker Economics articles have described the Center and its activities and have highlighted the successes of some recently funded projects. This article concludes the discussion …

Ideas For Estate And Transition Planning: Gift Leaseback, Jessica Groskopf

Center for Agricultural Profitability

Simply gifting assets helps reduce estate value and potential taxes for the owners and increase the wealth of the heirs. However, some families are hesitant to engage in gifting strategies because the farm or the ranch needs access to those assets to remain viable. This article expands on gifting strategies by combining gifts with a lease agreement.

With Love, ; An Interdisciplinary And Intersectional Look At Why Creativity Is Essential, Theo Starr Gardner

Whittier Scholars Program

My Whittier Scholars Program self-designed major, Teaching Creativity, is a mixture of Art, Literature, and Education classes. My research and praxis classes have been focused on the ‘how?’s and 'why?’s of creativity, so it felt only right that my project should be a constructivist, generative project. The project I have been working on throughout my time at Whittier, and that has just fully come to fruition on April 11th, 2024, was a solo art gallery/open mic event entitled ‘With Love,’. With Love, was conceptually inspired by the research I’ve conducted on creativity and creative arts education over the past few …

North Central Extension Risk Management Education Center Helps Producers Manage Risks, Christine Lockert, Sheila Aikanathan Johnson, Bradley D. Lubben

Cornhusker Economics

Established in 2001, the North Central Extension Risk Management Education Center (NCERMEC) has a long history of supporting risk management education programs serving producers in the region. Located at the University of Nebraska-Lincoln Agricultural Economics Department, the Center is one of four regional Extension Risk Management Education (ERME) Centers located throughout the country. ERME is funded through USDA’s National Institute of Food and Agriculture (NIFA) and was authorized by the Agricultural Risk Protection Act of 2000. The fundamental purpose of the ERME program is to educate producers to manage risk and position their farm or ranch for future growth and …

Artificial Insemination And Fetal Programming In Beef Production Systems, Dempster Christenson

Department of Animal Science: Dissertations, Theses, and Student Research

Pregnancy to artificial insemination and late gestation fetal programming of the next calf crop are central to genetic development, reproductive longevity, calf crop productivity, and efficiency of cow/calf ranching. The purposes of this research are to find methods to improve pregnancy rate to artificial insemination, the growth and reproductive health of pregnant heifers, and the productivity of their offspring. In the first of four studies we found that extending the period of progesterone administration in an estrus synchronization protocol did not significantly hasten estrus response or increase pregnancy rate to artificial insemination, but timing of estrus within the melengestrol acetate …

Buying Revenue Protection (Rp) Versus Buying The Rp With Harvest Price Exclusion (Rphpe) Version Of Multi-Peril Crop Insurance, Matt Stockton, Shannon Sand

Cornhusker Economics

In a conversation with one of the TAPS participants about Multi-Peril Crop Insurance (MPCI) he suggested that you would never recommend RPHPE, due to the risk associated with a higher fall harvest price compared to the spring or predicted price. Since the year 2000, this has occurred about one-third of the time. This price reversal may alter indemnity size considerably, depending on which insurance is selected and if one qualifies for an indemnity. The discussion with the TAPS participant focused on the concern of risk exposure from pre-selling uninsured grain due to an unexpected increase in harvest price. This relates …

Net Farm Income Impacts Net Worth Growth, Glennis Mcclure

Center for Agricultural Profitability

The beginning of the year is busy for businesses in finalizing records and filing annual income taxes. Farm and ranch operations are no exception. Beyond the net income or loss showing on the farm’s Schedule F, analyzing the true picture of the operation’s net farm income, and earned net worth change for the year is important.

Preparing an income statement using accrual adjustments will tell us more about the operation’s profitability and performance beyond what income tax statements provide. The income statement tells the story of revenue, expenses, and depreciation between the beginning of year balance sheet and the end …

Ideas For Estate And Transition Planning: Gifting, Jessica Groskopf

Center for Agricultural Profitability

For many farm and ranch families, bringing children or grandchildren into the operation is the ultimate goal. Successfully bringing additional family members into the operation may require some creativity as all parties need to maintain a viable standard of living. This article is part of a series that will highlight ideas and tactics for bringing another family member into the operation. If this is the first article you are seeing in this series, I would encourage you to go back to the previous article for background and additional guidance.

The second tactic to transfer wealth between generations is gifting. The …

Maintaining And Improving Irrigation Application Uniformity In Sprinkler And Drip Systems, Burdette Barker, Sheridan Stewart, Mark Nelson

All Current Publications

The goal of most irrigation system design and management is to provide all plants in an irrigated area with equal access to water. Ideally, each plant should receive the exact amount of water it needs. If a field needs 1 inch of water for irrigation, all parts of the field should receive exactly that. The reality is not so perfect. It is practically impossible to apply the same quantity of water to all plants in an irrigated area, plot, or field. In other words, all irrigation systems have some nonuniformities in the water delivered. Instead of designing and managing irrigation …

The Backyard Garden: Garlic Pests, Nick Volesky, Bridger Carey, Amelia Olds, Marion Murray

All Current Publications

The Backyard Garden is a series from Utah Pests, Utah State University Extension. This fact sheet explores the pests and diseases that affect garlic plants, covering severity, other hosts, general information, symptoms, and management.

The Backyard Garden: Sweet Corn Pests, Nick Volesky, Amelia Olds, Nick Sanchez, Marion Murray

All Current Publications

The Backyard Garden is a series from Utah Pests, Utah State University Extension. This fact sheet explores the pests that affect sweet corn, covering severity, other hosts, general information, symptoms, and management.

Nebraska Women In Agriculture Conference Marks 39 Years, Ryan Evans, Sarah Treffer, Jessica Groskopf

Cornhusker Economics

The Nebraska Women in Agriculture program marked 39 years of educating and empowering females in farming, ranching, and agribusiness, with nearly 380 people attending its annual conference on February 22 and 23, 2024 in Kearney, Nebraska, with a pre-conference session held on February 21. Including 25 workshops, 5 keynotes, and activities to help learn about risk management, farm and ranch improvement, and successful business practices.

Suggested Vegetable Planting Dates: Grand And San Juan Counties, Reagan Wytsalucy, Cory Farnsworth, Dan Drost

All Current Publications

This fact sheet addresses vegetable planting dates in Grand and San Juan counties in Utah. “When should I plant?” and “What should I plant?” are two of the more common questions received from Utah gardeners. To answer the “When” question, you need to know something about the climate where you live. Vegetable plants vary in their response to temperature and are grouped by how they cope with cold or hot conditions. There are four (4) vegetable groups, which include the hardy, half-hardy, tender, or very tender crops. These groups are also referred to as the cool season (hardy or half-hardy) …

Will Saf Turbocharge The Corn Ethanol Market?, Richard Perrin, Lilyan Fulginiti, Felipe Miranda De Souza Almeida

Cornhusker Economics

The long-run outlook for the corn ethanol industry is questionable, due to a transition to electric and hybrid vehicles. One source of hope for the long run is the potential demand for producing Sustainable Aviation Fuel (SAF). SAF is a key component in the United States Aviation Climate Action Plan, a path to net-zero greenhouse gas (GHG) emissions in the aviation industry by 2050. Demand for ethanol for SAF offers hope to the ethanol industry, but it depends a great deal on policy decisions that are being made now. Here we sketch out this story.

Based on the information available …

Retaining Heifers: Is It Worth It?, Tonya L. Meyer

Center for Agricultural Profitability

Replacing females in the beef cow herd plays a pivotal role in a sustainable and profitable cow-calf operation. Analyzing the cost of raising replacements versus purchasing them can help make informed decisions. If retaining replacements, cattle producers must consider both the costs and potential returns associated with raising and integrating these heifers into the breeding herd. This article offers some key financial considerations.

Value Of Gain In The Lamb Feeding Industry, Jay Parsons

Cornhusker Economics

Value of gain (VOG) is a term in the livestock feeding industry that refers to the average value of a pound of gain. It is the most appropriate revenue value to use in comparison to the cost of gain to determine profit margin.

Arkansas Soybean Performance Tests 2023, J. F. Carlin, R. D. Bond, R. B. Mulloy, J. C. Mccoy

Arkansas Agricultural Experiment Station Research Series

Soybean variety and strain performance tests are conducted each year in Arkansas by the University of Arkansas System Division of Agriculture’s Arkansas Crop Variety Improvement Program. The tests provide information to companies developing varieties and/ or marketing seed within the state and aid the Arkansas Cooperative Extension Service in formulating variety recommendations for soybean producers.

Livestock Risk Protection Insurance: Feeder Cattle, Logan B. Haviland, Ryan Feuz

All Current Publications

Livestock risk protection (LRP) insurance is a partially subsidized livestock insurance provided by the United States Department of Agriculture (USDA) Risk Management Agency (RMA) that provides protection to producers against unexpected price declines. This fact sheet presents specific coverage information for feeder cattle and presents optimal coverage options based on historical contract performance.

Livestock Risk Protection Insurance: Fed Cattle, Logan B. Haviland, Ryan Feuz

All Current Publications

Livestock risk protection (LRP) insurance is a partially subsidized livestock insurance provided by the United States Department of Agriculture (USDA) Risk Management Agency (RMA) that provides protection to producers against unexpected price declines. This fact sheet presents specific coverage information for fed cattle and presents optimal coverage options based on historical contract performance.

Managing Saline And Sodic Soils And Irrigation Water, Burdette Barker, Grant Cardon, Matt Yost, Melanie Stock, Earl Creech, Jody Gale

All Current Publications

Salt is an important factor in plant and soil management. Excessive salt concentrations in soil can cause water to be less available to plants because of the osmotic forces of salt in the soil water. Excessive concentrations of different ions can also be toxic to plants. In agricultural soils and irrigation water, salts are typically described in two ways: (1) total salt concentration or salinity, and (2) sodicity, or the concentration of sodium relative to other cations (positively charged atoms or compounds). Understanding the effect of both total salinity and sodicity on plants and soils, along with management and reclamation …

Livestock Risk Protection Insurance: Swine, Logan B. Haviland, Ryan Feuz

All Current Publications

Livestock risk protection (LRP) insurance is a partially subsidized livestock insurance provided by the United States Department of Agriculture (USDA) Risk Management Agency (RMA) that provides protection to producers against unexpected price declines. This fact sheet presents specific coverage information for swine and presents optimal coverage options based on historical contract performance.

Livestock Risk Protection Insurance Faq, Logan B. Haviland, Ryan Feuz

All Current Publications

Livestock risk protection (LRP) insurance is a partially subsidized livestock insurance provided by the United States Department of Agriculture (USDA) Risk Management Agency (RMA) that provides protection to producers against unexpected price declines. This fact sheet presents commonly asked questions and answers surrounding livestock risk protection insurance. It outlines the purpose of the program and explains how producers can use LRP insurance to mitigate price risk.