Thank you to all the committee members, sponsors, exhibitors, presenters, attendees, and media coverage of the York Ag Expo last week! Great to see so many turn out for the educational sessions as well!
Farm Bill: I was extra pleased with the excellent questions and discussion with the afternoon educational sessions at the York Ag Expo. The following are the major changes that Dr. Brad Lubben, Extension Farm Policy Specialist, shared during the Farm Bill
presentation. Farmers will have the opportunity to make a new election for either ARC-CO or PLC for the years 2019-2020 (a two year decision), after which the decision will be a yearly one (beginning in 2021) until the end of the farm bill period. There’s more changes to the ARC program than PLC. For ARC, the primary source of yield data will most likely be RMA crop insurance data instead of NASS survey data. The 25% factor used to establish ARC-CO coverage by irrigated or non-irrigated practice is no longer in effect. Instead, a farmer can make a request to the FSA committee if not less than 5% of the acreage was irrigated or not less than 5% was non-irrigated during the 2014-2018 crop years. Coverage is now tied to a physical county regardless of administrative county. The plug yield in ARC-CO increased from 70% to 80% of the transitional yield. There will also be a trend yield adjustment similar to the Federal crop insurance trend-adjusted yield endorsement. When Brad showed what this looked like if applied to the previous farm bill, it increased the bu/ac in all the examples he showed. Thus, he speculates it should improve the ARC-CO benchmark. Regarding PLC, producers will have the opportunity to consider updating yields on farms. There’s a specific equation that will be used and because it’s focused more on the 2008-2012 period to help those farms most effected by drought, it may not provide a benefit to all farms. It would still be worth working through the equation just to make sure for your individual farms. The other change to PLC is the equation for the effective reference price. In 2014, several of us in Extension worked individually with you to help you through these decisions using decision support tools. Money was not provided in this farm bill to support the computer tools so we’re still waiting to see if they will be developed. We’re assuming they will be. Yet the decisions this time may be more straightforward with making a decision for the first two years followed by annually vs. the life of the farm bill like what happened in 2014. All resources and information can be found at http://farmbill.unl.edu. Regarding ARC vs. PLC decisions, Brad shared the following points:
- Under stable, lower price levels, PLC support will kick in before ARC support for downward price movement.
- Under modestly increasing price levels, ARC and PLC support may quickly disappear.
- Under substantially higher prices, moving average price in ARC benchmark and moving average price in PLC effective reference price could rachet up support to near equivalent levels.
Survey: Every year in Extension we write annual reports to justify the work we accomplished during the year. Last week I shared a survey link to provide me feedback regarding 2018 efforts. Thank you for those who have responded; I appreciate it!!! The survey truly is anonymous. For those who haven’t responded, I would greatly appreciate your feedback on this short survey at: https://app2.sli.do/event/q2p1sedv/polls. A year ago I changed the way I did my email list and news columns. My hope is that the format is more beneficial for us all in spite of the extra time it takes me each week. I’m genuinely open to and desirous of your feedback. Also, if you’re reading this and would like to be added to my email list, please email me at firstname.lastname@example.org and I will add you.
Crop Production Clinics and Nebraska Crop Management Conference: Thank you to all who requested via surveys, emails, or phone calls in 2018 that you wanted to see the Crop Production Clinic back in the area! You were heard and one will be held in York at the Holthus Convention Center on January 17th! You can see the full schedule at http://agronomy.unl.edu/cpc. The Nebraska Crop Management Conference in Kearney on Jan. 28-29 has the same topics as Crop Production Clinics with additional topics and out of state speakers. You can view the registration for that conference at: https://agronomy.unl.edu/NCMC. While I realize many of you attend CPC for specific reasons, there is an opportunity this year to participate in a university research study and be paid for your time. Simanti Banerjee, an assistant professor in the Department of Agricultural Economics, is studying producer behaviors in response to farm bill programs. The study will take up to two hours. Average earnings from participating in the study are expected to be up to $100, depending on your decisions and those of other participants. All information collected is confidential and your responses are anonymous and will not be connected to your name. You can read more and register to participate in this study at this site: https://agronomy.unl.edu/crop-production-clinic-study-consent. Looking forward to seeing those who attend the upcoming CPC and NCMC!
Tis the season for winter programming! The following are a few upcoming meetings occurring this week. Winter program brochures were mailed a few weeks ago, so please check those for additional meetings. Looking forward to seeing you at upcoming meetings this winter! A reminder that if you plan to attend any of the upcoming Crop Production Clinics, that you need to register online by 3:00 p.m. the previous day of the clinic. Crop Production Clinics this week will be held in Kearney on Tuesday the 13th and at York on the 14th.
Farm & Ranch Business Succession & Estate Planning Workshops: This is a very important topic for farm families to consider! Two workshops will be held in our area; one in Blue Hill at the Community Center on January 13th and one in York at the Country Club on January 15th. The workshop will go from 9:00 a.m. to 2:30 p.m. There is no charge for the workshops, but you need to register by calling the Rural Response Hotline at 1-800-464-0258. Please register by January 10 for Blue Hill and January 12 for York.
The workshop is intended to be useful for established farm and ranch owners, for their successors, and for beginners. Topics include: the stages of succession planning, contribution & compensation, balancing the interests of on-farm and off-farm heirs; the importance of communication, setting goals, analyzing cash flow, and balancing intergenerational expectations and needs; beginning farmer loan and tax credit programs; the use of trusts, wills, life estate deeds and business entities (such as the limited liability company) in family estate and business succession planning; buy-sell agreements, asset protection, taxation (federal transfer taxes, Nebraska inheritance tax, basis adjustment), and essential estate documents. Presenters are Dave Goeller, Deputy Director, Northeast Center for Risk Management Education at UNL and Joe Hawbaker, Agricultural Law attorney from Omaha.
This workshop is made possible by the Nebraska Network for Beginning Farmers & Ranchers, the Farm and Ranch Project of Legal Aid of Nebraska, National Institute of Food and Agriculture, the Nebraska Department of Agriculture’s Farm Mediation, and the University of Nebraska Extension. More information can be found here.
Farm Bill Education Training January 14th: For those of you that would like to learn more about the Texas A&M Agricultural Food Policy Center comprehensive Farm Bill Decision Aid computer program, a hands-on training will be held Wednesday, January 14, 2015 at the new Nebraska Innovation Campus Conference Center, 2021 Transformation Drive in Lincoln, Nebraska. Workshop presenters will be Dr. James Richardson, Ag. Economist from Texas A&M and Dr. Brad Lubben, UNL Extension Ag. Economist. Dr. Richardson is the author of new, cutting edge, computer decision tool, endorsed by USDA. Those attending will learn how to use the Texas A&M Computer Decision Aid, how to interpret the results and how managing risk is integrated into the model. Participants are encouraged to bring their own iPad, tablet or laptop computer. For information about the workshop go to: http://bit.ly/1wh96bm. Participants need to pre-register at http://go.unl.edu/farmbill. The workshop will be from 9:00 a.m. to 4:00 p.m. with morning registration and refreshments available starting at 8:15 a.m. at the new NIC auditorium. There is a $30.00 registration fee which includes the noon meal, refreshments and meeting materials. Web links to the meeting can also be purchased by contacting the Saline County Extension Office at (402) 821-2151. For additional information about the farm bill go to: http://farmbill.unl.edu.
Next Heuermann Lecture will be Jan. 13th at 7:00 p.m. at Nebraska Innovation Campus (2021 Transformation Drive in Lincoln, Nebraska) on the topic of “Genetically Modified Animals: the Facts, the Fear Mongering, and the Future”. Presenter will be: Alison Van Eenennaam, University of California – Davis, 2014 Borlaug CAST Communication Awardee. For more information, go to: http://heuermannlectures.unl.edu/. If you cannot make it to Lincoln, you can watch it live via video at the website link.