Football Pregame

Good afternoon! I am John Owens, and it is my good fortune to be Vice President and Vice Chancellor of Agriculture and Natural Resources. Chancellor Harvey Perlman certainly regrets that he cannot be present at today’s pregame reception. His daughter is being recognized at Ak-Sar-Ben in Omaha, and he’s celebrating this very special occasion with his family. And speaking of family, I would like to introduce my wife, Dr. Virginia Owens. This probably is the right time for me to confess that both Virginia and I are graduates of Texas Tech. Now, we want everyone to know that “alumni loyalty” can go just so far… and we always cheer for the Huskers!

Using Nebraska's Beginning Farmer Tax Credit Program

Many farm or ranch families that are attempting to bring a son or daughter back into their business experience a strain on the cash flow. Recent changes to Nebraska's Beginning Farmer Tax Credit Program provide an attractive incentive that can be very beneficial to those families. Regulation changes made in 2008 now allow parents to rent agricultural assets to their own children.

Using Nebraska’s Beginning Farmer Tax Credit Program

Many farm or ranch families that are attempting to bring a son or daughter back into their business experience a strain on the cash flow. After all, a business that has been providing enough income for one family to live on, must now not only generate adequate income for the parents living expenses, but also attempt to provide enough income for a second family, the successor. Recent changes to Nebraska’s Beginning Farmer Tax Credit Program provide an attractive incentive that can be very beneficial for family farming/ranching operations that are trying to bring a family member back into their business. Regulation changes made in 2008 now allow parents to rent agricultural assets to their own children.