Characteristics Contributing to Nebraska Farm and Ranch Financial Stress

Authors

Kate Brooks, University of Nebraska-LincolnFollow
Cory Walters, University of Nebraska-LincolnFollow
Jay Parsons, University of Nebraska-LincolnFollow
Andrea Ramirez, University of Nebraska-Lincoln
Larry Van Tassell, University of Nebraska-LincolnFollow
Bradley D. Lubben, University of Nebraska-LincolnFollow
J. David Aiken, University of Nebraska-LincolnFollow

ORCID IDs

Cory Walters

Date of this Version

1-23-2018

Citation

Cornhusker Economics, January 23, 2018, agecon.unl.edu/cornhuskereconomics

Comments

Copyright 2018 University of Nebraska.

Abstract

Significant financial changes have been underway in the U.S. agricultural system. After a decade of increases in crop and livestock prices mirrored by corresponding increases in expenses, prices began declining dramatically in 2014 (USDA-NASS, 2017). Figure 1 shows yearly net farm income for Nebraska crop and livestock producers from 2000 to 2015 (USDA, ERS). A survey in July 2016 indicated that 52 percent of Nebraska farmers and ranchers were financially stressed.