Last year, the USDA’s National Agricultural Statistics Service (NASS) conducted a survey of all landlord owners of agricultural land in the US. The survey, called the 2014 Tenure, Ownership, and Transition of Agricultural Land (TOTAL) Survey, was the first of its kind done by NASS since 1999. The purpose of the survey was to provide […]
If you are a farmer and/or landowner, your chances of being involved in the sale or acquisition of land is almost certain. As such, you are probably already familiar with a useful real estate tool known as a 1031 exchange. Put simply, a 1031 exchange is a deferment of the capital gains tax on the […]
With the advent of satellite technology over the last two decades, many Nebraska farmers are implementing Precision Agriculture (PA) managing techniques on their farmland. Also known as Site Specific Crop Management (SSCM), the practice involves managing land based on observing, measuring, and responding to inter- and intra-field variability in crops. Precision Ag revolves around the […]
Whether you’re renting out your farmland or paying rent, it’s important to know your leasing options. A variety of lease types exist, and based on your relationship with your landlord and/or tenant, both parties can opt for the one that suits them the best. With the fluctuating land values and commodity prices that have characterized […]
As farmers across the Cornhusker State park their harvesting equipment for the winter, many are feeling the satisfaction of reaping a bountiful harvest. According to the USDA’s National Agricultural Statistics Service (NASS) data for November 1st conditions, Nebraska boasted a record high 1.68 billion bushels, up 4 percent from last year. The area harvested for […]
If you farm in Nebraska, or anywhere across the Midwest, chances are you have chosen to plant genetically modified crops on your land. According to the U.S. Department of Agriculture, 88 percent of corn, 94 percent of cotton, and 93 percent of soybeans planted in the U.S. in 2012 were genetically modified. Adoption rates in […]
Farmers across the Midwest are in the thick of harvest activity, and the weather has been favorable enough in Nebraska over the last week for producers to make good progress in the fields. It’s a busy time of year, and no exception for land managers, who are also working harvest hours for their clients. We […]
The USDA released its September 30 Grain Stocks report yesterday, reporting slightly higher bean stocks and less corn, leading corn to fall lower and beans to end slightly higher, due to the report data of 14 million bushels of beans lower than pre-report expectations. At yesterday’s close, the December corn futures ended 1 1/4 cents […]
Amid much pre-report excitement last week prior to the Federal Reserve’s interest rates decision, many farmers and landowners faced the prospect of a possible rise in interest rates. While Federal Reserve Chairwoman Janet Yellen revealed that a no-change decision had been reached for now, she also hinted that increases were on the horizon for the […]
It’s been several months since FSA offices throughout the nation scrambled to integrate the changes of the latest Farm Bill, also known as the Agricultural Act of 2014. In addition to having to work through the specific rules for the new programs, they also had to oversee its implementation at ground level. Producers, too, found […]
