Date of this Version
Cornhusker Economics (October 24, 2012)
Many of Nebraska’s farmers and ranchers have for decades chosen never to retire, instead to continue operating the business as long as they can until that last day when they cannot any longer. But there have also been many producers that have chosen to seek retirement. Many times this option involves a machinery or livestock sale, a land sale and investing the money in some type of safe long-term account that returns a modest rate of interest. If you are considering retirement, there are several important bits of information that should be gathered to help make an informed decision.