Nebraska Edition | August 29, 2019

See us at Husker Harvest Days, Booth #932 AG & INDUSTRIAL EQUIPMENT • 800-846-5157 Simplify your parts cleaning Unbelievable cleaning power. New & Reconditioned units available. NEW & RECONDITIONED Parts Washers Waste Oil Heaters Portable Diesel Radiant Heaters Defender ® Pickup & Semi Bumpers Cell: 402-340-0199 Jim Zoucha aiequipment@hotmail.com AgHeaters.com Sales • Service • Parts • Financing 10008406 NEW & RECONDITIONED Alkota ® Pressure Washers PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE POSTAL CUSTOMER NEBRASKA EDITION AUGUST 29, 2019 VOL. 23 ISSUE 13 arm R anch MARKET GLANCE Livestock and Products, Weekly Average Year Ago 4 Wks Ago 08/10/18 Nebraska Slaughter Steers, 35-65% Choice, Live Weight..............* * * Nebraska Feeder Steers, Med. & Large Frame, 550-600 lb.......177.62 183.32 173.82 Nebraska Feeder Steers, Med. & Large Frame 750-800 lb ........162.42 161.56 156.48 Choice Boxed Beef, 600-750 lb. Carcass...................................205.91 214.64 219.04 Western Corn Belt Base Hog Price Carcass, Negotiated ............ 43.68 * * Pork Carcass Cutout, 185 lb. Carcass 51-52% Lean...................70.35 71.14 87.97 Slaughter Lambs, wooled and shorn, 135-165 lb. National ........ 160.18 166.65 159.96 National Carcass Lamb Cutout FOB ..........................................370.67 394.50 395.17 Crops, Daily Spot Prices Year Ago 4 Wks Ago 8/10/18 Wheat, No. 1, H.W. Imperial, bu ..................................................4.91 4.09 3.45 Corn, No. 2, Yellow Columbus, bu .............................................. 3.40 4.42 3.87 Soybeans, No. 1, Yellow Columbus, bu ........................................7.68 8.16 7.77 Grain Sorghum, No.2, Yellow Dorchester, cwt ............................ 5.29 6.80 5.98 Oats, No. 2, Heavy Minneapolis, Mn, bu......................................2.91 3.76 3.01 Feed Alfalfa, Large Square Bales, Good to Premium, RFV 160-185 Northeast Nebraska, ton ....................................* 172.75 * Alfalfa, Large Rounds, Good Platte Valley, ton...........................102.50 * 115.00 Grass Hay, Large Rounds, Good Nebraska, ton.........................150.00 100.00 100.00 Dried Distillers Grains, 10% Moisture Nebraska Average ...........122.50 149.50 136.50 Wet Distillers Grains, 65-70% Moisture Nebraska Average ........ 40.00 44.50 40.50 For daily agriculture news, updates and local happenings, visit www.farmandranchnetwork.net Proud Supporters Of farmandranchnetwork.net Your source for ag news that affects Nebraska and the Plains region. F arm R anch NetworkServiceCo By Allan Vyhnalek The first step to have the next generation come back to the farm or ranch is to get them there. The next step is to keep them there. This requires thought about how to transfer management and ownership of the operation over a period of time. Four phases of transfer have been identified and are discussed in this article. The first phase is Testing. Before transferring management and ownership, the current owner needs to feel like the younger generation is ‘tested’ or able to effectively help with the operation. One older farmer said to me, “I think my sons want to come back and drive the GPS guided tractor. I don’t need them here for that, I want to do that. I need them here to work on fence, shovel manure, and paint the outbuildings, the work that is getting harder for me as I get older.” Sometimes the older generation would like to bring their child and spouse back and want to add some type of livestock enterprise. When asked about the experience of that younger generation with the Managing Farm/ Ranch Transfer to Next Generation Continues on page 2 HUSKER HARVEST DAYS ................................................................. B1-B28 COUNTRY LIVING Floor Plan....................................................... A3 STAMPEDE RODEO ......................................................................... A5 ARTS IN THE PARK ......................................................................... A6 HEARTLAND CATTLEMAN ............................................................... A10-A11 MARKETS ....................................................................... A17 CLASSIFIEDS ............................................................... A18-A19

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