Ag Lenders Offer Insights on Current Conditions for Nebraska Livestock Producers with Jay Parsons

In 2017, the University of Nebraska-Lincoln’s Institute of Agriculture and Natural Resources and Nebraska Extension committed to implementing a multidisciplinary Beef Systems Initiative to develop and implement beef production systems a Nebraska. A parallel project, supported the the Foundation for Food and Agriculture Research, brought together a panel of Agricultural Lenders from across Nebraska, to advise UNL researchers on financial considerations for producers who are implementing new or expanding existing operations. The panel of lenders first met in 2019, and recently reconvened from June 27-30, 2023, to assess the shifts in economic conditions and lender perspectives over the past four years. They discussed everything from the challenges posed by drought and rising inflation to the nuances of cash flow management and obstacles facing the next generation of farmers. Jay Parsons, a professor and farm and ranch management specialist with the Center for Ag Profitability here at Nebraska, was part of both discussions and joins me now to talk more about what was covered this past June when the ag lenders panel held their forums. Read more at: https://cap.unl.edu/management/ag-lenders-offer-insight-conditions-nebraska-livestock-producers.