Ag Economic Program Updates

The next session of “Know Your Numbers, Know Your Options,” Nebraska Extension’s four-part record-keeping course, will be held virtually from 9:00 a.m. to 10:00 a.m. central time on November 2, 9, 16, and 23. Participants should plan on attending each of the four workshop dates. The course requires participants to have an internet connection.  

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This course is designed to help farmers and ranchers understand their current financial position and how big decisions like large purchases, new leases or changes in production will affect their bottom line. Participants will work through the financial statements of a case study farm, watching pre-recorded videos, completing assignments, and participating in video chats. Upon completion of this program, participants will have a better understanding of how financial records can be used to make decisions and confidently discuss their financial position with their family, business partners, and lenders. 

The course fee is $20 per participant and class size is limited to 20 people. Register online at https://wia.unl.edu/know.  Registration closes October 26.  

The University of Nebraska-Lincoln’s Center for Agricultural Profitability and Nebraska Extension will present Returning to the Farm, and workshop series for families who are in the transition process of bringing members back to the farm. It will begin with a two-day workshop for multi-generational families on Friday and Saturday, Dec. 10 and 11 in Columbus.  

This workshop will offer strategies for these businesses to help young people get a solid start in the organization while keeping the farm or ranch in the family and ensuring a comfortable retirement for older family members.

The workshop will assist families and operations in developing financial plans and successful working arrangements to meet their unique needs. It will guide participants to identify estate planning issues and develop transition plans, set personal and professional goals, and improve the communication process between family members.  

Presenters will include Nebraska Extension experts, agribusiness, and legal professionals.  The workshop will be held at the Ramada Inn and Conference Center, 265 33rd Ave., in Columbus. Registration is $50 per person, which includes two meals, all class materials and two virtual follow-up meetings to be held in January and February. 

For more information and to register, visit the Center for Agricultural Profitability site or contact Allan Vyhnalek, an extension educator for farm succession.

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