Life Sciences Commons^™

Rp96-11 The Farm Corporation: What It Is, How It Works, How It Is Taxed, Neil E. Harl

Neil E. Harl

A corporation is an artificial person that is created and operated according to state corporation statutes. It is a separate taxpayer subject to specific and detailed federal, state, and local tax laws. The advice and service of your lawyer are indispensable in organizing and operating a farm corporation. There are three basic forms of farm business organization, the sole proprietorship, the partnership, and the corporation. Variations of these forms have resulted in the limited partnership and the "tax option" corporation. These three basic forms are discussed in this research publication.

Ec98-899 Sorghum Basis Patterns From Selected Sites In Nebraska

University of Nebraska-Lincoln Extension: Historical Materials

The following publication contains the sorghum basis patterns for several towns in Nebraska. Price information was collected through surveys, newspapers, electronic media, etc. The listing includes towns representative of different geographic locations in Nebraska. The amount of data varies among locations. This publication will be updated each year by adding a year's data to each locations. This allows the user to observe the changing of basis patterns over time.

Ec05-883 Crop And Livestock Prices For Nebraska Producers, 1960-2005, Darrell R. Mark, Dillon Feuz, Brad Heinrichs

University of Nebraska-Lincoln Extension: Historical Materials

This report contains historical price data for the major crops and livestock commodities produced in Nebraska. Prices received by producers are reported for 1960-2005 for most of the commodities.

The data was compiled from Nebraska Agricultural Statistics Service and Agricultural Prices, National Agricultural Statistics Service, USDA; Oil Crops Situation and Outlook, Economic Research Service, USDA; Cotton and Wool Outlook, Economic Research Service, USDA; and Livestock and Grain Market News, Agricultural Marketing Service, USDA. Sources of prices for each commodity are indicated on the tables.

Ec05-835 Hedging And Basis Considerations For Feeder Cattle Livestock Risk Protection Insurance, Darrell R. Mark

University of Nebraska-Lincoln Extension: Historical Materials

Livestock Risk Protection (LRP) Insurance for feeder cattle is a price-risk management tool available to feeder cattle producers with cattle in Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, Nevada, North Dakota, Ohio, Oklahoma, South Dakota, Texas, Utah, West Virginia, Wisconsin, and Wyoming. LRP indemnifies against declines in feeder cattle sales prices, as determined by the Chicago Mercantile Exchange (CME) Feeder Cattle Can Index, which represents a national average cash feeder steer price.

This extension circular examines historical LRP basis and demonstrates its use in hedgling with LRP.

G03-1486 Agricultural Land Ownership And Tenure Patterns In Nebraska, Bruce B. Johnson

University of Nebraska-Lincoln Extension: Historical Materials

Agricultural land in Nebraska is a significant asset of wealth and a key economic input into the state's economy. It is no mere coincidence that Nebraska consistently ranks fourth among the 50 states in total cash receipts from farm marketings while also ranking fourth in land acreage in farms and third in terms of irrigation acreage.

This NebGuide provides an overview and an interpretation of land ownership and tenure patterns in Nebraska.

G03-1486 Agricultural Land Ownership And Tenure Patterns In Nebraska, Bruce Johnson

University of Nebraska-Lincoln Extension: Historical Materials

Agricultural land in Nebraska is a significant asset of wealth and a key economic input into the state's economy. It is no mere coincidence that Nebraska consistently ranks fourth among the 50 states in total cash receipts from farm marketings while also ranking fourth in land acreage in farms and third in terms of irrigated acreage.

This NebGuide provides an overview and an intepretation of land ownership and tenure patterns in Nebraska.

Cc02-428 Achieving Success With A Business Plan: Case Study Of A Diversified Farm Business Plan, Jody Wichmann, Thomas Dorn, H. Douglas Jose

University of Nebraska-Lincoln Extension: Historical Materials

This publication is a case study of a diversified farm business plan. It covers the business organization; history and overview of operation; operation layout; mission statement and goals; strategic outlook; present business, legal and contractual situation; production, financial marketing, and personnel situations; job description, salary, benefits and labor training; and personnel summary.

Cc02-426 Achieving Success With A Business Plan: Case Study Of A Cow/Calf Business Plan, Jody Wichmann, John Hanson, H. Douglas Jose

University of Nebraska-Lincoln Extension: Historical Materials

This publication is a case study of a cow/calf business plan. It covers the business organization; history and overview of the operation; the operation layout; mission statement and goals; present business, legal and contractual situations; production, financial, marketing and personnel situations; job description, salary, benefits and labor training; and personnel summary.

Cc02-424 Achieving Success With A Business Plan: Case Study To Prepare A Grain Farm Business Plan, Jody Wichmann, John Hanson, Thomas Dorn, H. Douglas Jose

University of Nebraska-Lincoln Extension: Historical Materials

This publication is a case study on how to prepare a grain farm business plan. It covers the history and overview of the farming operation; the layout, mission statement and goals; strategic outlook; production situation and summary; financial situation and summary; marketing situation and plan; current personnel situation; job description, salary and benefits; labor and training goals; and personnel summary.

Cc02-425 Achieving Success With A Business Plan, Ram Valluru, Allen Prosch, H. Douglas Jose

University of Nebraska-Lincoln Extension: Historical Materials

The publication, Achieving Success With a Business Plan includes instructions and wookbook to prepare a farm business plan. The areas covered in this publication include: business organization; history and overview of operation; mission statement; goals; priorities, purpose and strategic outlook; situation statements; legal and contractual situation; production situation; financial situation; marketing situation; personnel situation; and Risk Management Plan.

Ec99-827 Preparing A Tenant Business Prospectus, H. Douglas Jose, John Hanson, Bruce Johnson

University of Nebraska-Lincoln Extension: Historical Materials

Preparing a Tenant Business Prospectus is a quick guide for tenants who are seeking additional land.

Ec98-893 Corn Basis Patterns From Selected Sites In Nebraska

University of Nebraska-Lincoln Extension: Historical Materials

The following publication contains corn basis patterns for several towns in Nebraska. The basic price information was collected through surveys, newspaper, elelctronic media, etc. The listing includes towns that are representative of different geographic locations in Nebraska. The amount of data varies among locations. This publicaiton will be updated each year by adding a year's data to each location which will allow the user to observe changes in the basis patterns over time.

Ec98-809 Nebraska Farm Real Estate Market Developments, 1997-98, Bruce B. Johnson

University of Nebraska-Lincoln Extension: Historical Materials

This report contains the information and analysis from the current year's survey, as well as the statistical data series from previous surveys. These are included in the statistical appendix in order to provide a comprehensive historical overview. The reader should bear in mind, however, that the information provided is a general overview of market conditions presently and the basic trends overtime. It may or may not reflect the representative values, rents and other characteristics of specific properties or local markets. If specific information is needed, then the services of appraisers and other real estate professionals should be employed.

Ec98-883 Crop And Livestock Prices For Nebraska Producers, Allen C. Wellman

University of Nebraska-Lincoln Extension: Historical Materials

This report contains historical price data for the major crops and livestock classes produced in Nebraska. Prices received by producers are reported for 1960-1997 or for the period listed in each table heading.

The data was compiled from Nebraska Agricultural Statistics, Nebraska Agricultural Statistics Service and Agricultural Prices, USDA; Livestock, Meat and Wool Market News, Livestock and Grain Market News, Agricultural Marketing Service, USDA; and from Agricultural Statistics Board, National Agricultural Statistics Service, USDA.

Ec98-802 Soybean Basis Patterns From Selected Sites In Nebraska

University of Nebraska-Lincoln Extension: Historical Materials

The following publication contains soybean basis patterns for several towns in Nebraska. The basic price information was collected through surveys, newspaper, electronic media, etc. The listing includes towns that are representative of different geographic locations in Nebraska. The amount of data varies among locations. This publication will be updated each year by adding a year's data to each location which will allow the user to observe the changes in the basis patterns over time.

Ec98-898 Wheat Basis Patterns From Selected Sites In Nebraska

University of Nebraska-Lincoln Extension: Historical Materials

The following publication contains wheat basis patterns for several towns in Nebraska. The basic price information was collected through surveys, newspaper, electronic media, etc. The listing includes towns that are representative of different geographic locations in Nebraska. The amount of data varies among locations. This publication will be updated each year by adding a year's data to each location which will allow the user to observe the changes in the basis patterns over time.

Ec98-826 1998 Nebraska Farm Custom Rates - Part Ii

University of Nebraska-Lincoln Extension: Historical Materials

Every two years a survey of custom operations is conducted to determine the current rates charged for specific machinery operations. The survey is divided into two parts: spring and summer operations, including planting and small grains harvest in Part I, and information about fall and miscellaneous operations in Part II.

G98-1353 Fed Cattle Pricing, Dillon M. Feuz, Ted C. Schroeder, Clement E. Ward

University of Nebraska-Lincoln Extension: Historical Materials

This NebGuide discusses pricing alternatives for fed cattle, including live weight, dressed weight and grid pricing. Pricing fed cattle is becoming more complex, requiring more time to evaluate pricing alternatives and marketing cattle. Is there one best pricing method? How are live weight, dressed weight, and grid or formula prices related? This NebGuide will provide answers to these and other questions about fed cattle pricing.

G98-1352 Issues To Consider When Selling Cattle On A Grid Or Formula, Dillon M. Feuz

University of Nebraska-Lincoln Extension: Historical Materials

This NebGuide discusses issues and problems associated with matching cattle to the appropriate market.

Recently there has been a much greater emphasis on improving the quality and consistency of beef. Cattle producers, breed associations, feed suppliers and beef packers have initiated value based pricing methods. Grid pricing, formula pricing, and strategic alliances are examples of these new value based pricing methods. While these pricing methods may differ substantially in the carcass and management traits they seek to reward or penalize, they all have one common feature: price is established on each individual animal.

The goals of the new pricing methods …

Nf96-286 Settting Up Your Own Business: Monitoring The Health And Growth Of Your Business (Revised April 2005), Cheryl A. Burkhart-Kriesel, Paul H. Gessaman

University of Nebraska-Lincoln Extension: Historical Materials

If you are an entrepreneur and business proprietor, it's likely that you are, or you soon will be, compiling financial statements for your business. Doing so is part of being the owner and manager of a business unit. It's important to regularly compile financial statements that are fully accurate, even if you may not enjoy the investment of time, effort, and number crunching.

This NebFact provides information on the use of easily calculated financial ratios and performance indicators derived from financial statements for your business.

G96-279 Setting Up Your Own Business: Glossary Of Financial Management Terms (Revised April 2005), Cheryl A. Burkhart-Kriesel, Paul H. Gessaman

University of Nebraska-Lincoln Extension: Historical Materials

If you have ever sat down with an accountant or banker, you quickly learn that they have a language all their own. This glossary is designed to help you understand some frequently used words in what sometimes is called "the language of business." Being familiar with the terminology can help you become more comfortable and effective in communicating with accountants, lenders, suppliers, and others in the business community.

Nf96-278 Setting Up Your Own Business: Financing Your Business (Revised April 2005), Cheryl A. Burkhart-Kriesel, Paul H. Gessaman

University of Nebraska-Lincoln Extension: Historical Materials

Financing the start-up, development, and growth of your business may be one of the most important challenges you'll face in setting up your own business. Many potential business owners do not have personal funds in the amount needed. And, regardless of how good your business idea or product is, those who could lend you the needed funds may be unwilling to do so.

This NebFacts identifies and describes the primary sources of financing and their use in funding your business.

Nf96-277 Setting Up Your Own Business: Planning Your Insurance Coverage (Revised April 2005), Cheryl A. Burkhart-Kriesel, Paul H. Gessaman

University of Nebraska-Lincoln Extension: Historical Materials

Among the important business decisions you will make each year are your decisions about insurance. Both the type(s) of insurance you decide to carry and the level of coverage provided through each type of insurance are important. In event of a serious mistake by yourself or your employee, an accident, a natural or man-made disaster, or other similar event, it's likely your insurance coverage is all that will stand between you and a major loss — possibly all that's between you and a bankruptcy.

This NebFact informs you how to plan your insurance coverage and includes a form for you …

Nf96-276 Setting Up Your Own Business: Records And Bookkeeping (Revised April 2005), Cheryl A. Burkhart-Kriesel, Paul H. Gessaman

University of Nebraska-Lincoln Extension: Historical Materials

A business record system is an important but often unappreciated part of your business management system. Whether you are moving toward a business start-up or have a business that's been operating for months or years, a good record system and disciplined bookkeeping are required for business success.

Your records system and bookkeeping activities are intended to provide a constant flow of information about the state of your business. This NebFact discusses the ins and outs of starting up your records and bookkeeping system.

Cc96-396 Productcion Flexibility Contracts: Provisions, Implications And The Participation Decision, Roy Frederick, Bruce B. Johnson

University of Nebraska-Lincoln Extension: Historical Materials

The Federal Agriculture Improvement and Reform (FAIR) Act of 1996 (P.L. 104-127) was signed into law by President Clinton on April 4, 1996. Most provisions of the new law, including the commodity provisions, will be effective for seven years, 1996-2002.

Unlike previous farm bills, provisions relating to commodity supports are grouped together under what is known as the Agricultural Market Transition Act (AMTA) program. Producers of seven commodities: corn, sorghum, barley, oats, wheat, rice and cotton must sign Productive Flexibility Contracts (PFCs) to participate in the AMTA. These seven commodities are referred to as "contract commodities."

This publication focuses on …

Rp96-11 The Farm Corporation: What It Is, How It Works, How It Is Taxed, Neil E. Harl

University of Nebraska-Lincoln Extension: Historical Materials

A corporation is an artificial person that is created and operated according to state corporation statutes. It is a separate taxpayer subject to specific and detailed federal, state, and local tax laws. The advice and service of your lawyer are indispensable in organizing and operating a farm corporation.

There are three basic forms of farm business organization, the sole proprietorship, the partnership, and the corporation. Variations of these forms have resulted in the limited partnership and the "tax option" corporation. These three basic forms are discussed in this research publication.

Ec96-823 1996 Nebraska Farm Custom Rates - Part I, H. Douglas Jose, William L. Miller

University of Nebraska-Lincoln Extension: Historical Materials

Every two years a survey of custom operations is conducted to determine the current rates charged for specific machinery operations, The survey is divided into two parts: spring and summer operations, including planting and small grain harvest; and fall operations, including fall crop harvest. This report describes the spring and summer operations only. Part II of this publication includes the information about fall operations.

Ec96-822 Crop Revenue Coverage And Group Risk Plan--Additional Risk Managment Tools For Wheat Growers, Roger Selley, H. Douglas Jose

University of Nebraska-Lincoln Extension: Historical Materials

This article examines two new multi-peril crop insurance offersings, Crop Revenue Coverage (CRC) and the Group Risk Plan (GRP), that may help wheat producers manage risk. First, bsaic crop-hail and Actual Production History (APH) coverage and the protection they offer will be compared. Then, additional protection offered by CTRC, which is avilable to Nebraska wheat growers on a pilot basis for 1997 with be outlined. Finally, GRP will be discussed, which will also be offered to Nebraska wheat growers for the first time for 1997 crop wheat.

The Federal Agricultural Improvemoent and Reform (FAIR) Act, better known as "Freedom to …

Ec96-824 Dairy Economics In Nebraska: An Analysis Of Costs And Returns And Comparisons With Other States, H. Douglas Jose, Richard J. Grant

University of Nebraska-Lincoln Extension: Historical Materials

Dairy Economics in Nebraska

The dairy sector is undergoing major structural changes and economic adjustments. The industry is also becoming more market oriented as government price supports decline. Increased competitiveness has kept milk prices relatively stable, but increased grain and other input costs in 1995-96 have put increased pressure on profit margins which were already narrow.

This publication is a compilation of data related to the current economics of dairy farming. The objective is to provide data to help dairy farmers make adjustments in their operations, such as expanding their herds, and to provide basic data for operators setting up …

Ec95-819 Estate Planning For Farm And Ranch Families: Information For Your Legal And Tax Advisers, Paul H. Gessaman

University of Nebraska-Lincoln Extension: Historical Materials

This is one in a series of Cooperative Extension publications providing information and background for estate planning by persons operating Nebraska's farms and ranches. Titles of documents in the series are listed at the end. Reading the documents in this series will improve your understanding of estate planning tools and alternatives, and will make it easier to communicate with your attorney, accountant, and other helpers when your estate plan is prepared.