This project addressed the current economic and financial risk management
issues associated with management of agricultural land and related assets
across farms and ranches. Specifically, educational outcomes achieved by this
project included addressing land management issues: financial and legal
considerations for land leases; effective negotiation skills with landlords,
tenants, and agricultural input providers; successful approaches for farm and
ranch succession and transfer; and critical short and long-term decision-making
and planning. The target audience for this project included beginning producers,
small farms or ranches, women producers, and allied stakeholders across
Nebraska. Outreach for this project was delivered through 16 strategically
located face-to face workshops approximately three hours in length reaching 370
participants. Supplemental lectures were made available via the University of
Nebraska-Lincoln’s Farm Real Estate website and remain open to the general
public as a resource.
Results archived by participants in these workshops included: 63 percent improved
risk management strategies for determining equitable rental rates and
understanding legal forces influencing leases, 44 percent enhanced negotiation
skills used in setting rents and acquiring inputs, 78 percent advanced
strategies for successful land transfers to the next generation, and 51 percent
improved strategic decision-making to ensure the viability of the land.