Southwest Research and Outreach Center - Lamberton, MN

Southwest Research
and Outreach Center

23669 130th Street
Lamberton, MN 56152

Phone: (507)752-7372
Fax: (507)752-5097
E-mail: werne022@umn.edu

Southwest Minnesota Farm Business Management Association

2014 Ag Lenders Conference Presentations

75th Anniversary Video

Newly Added

Operator's Cash Rent & Acceptable Crop Price Worksheets

Updated worksheets are available for farmers to utilize in 2015. An Operator's Cash Rent worksheet is useful for farmers to calculate what cash rent they can afford in 2015, and an Acceptable Crop Price worksheet is useful to determine break-even prices for crops. The worksheets were created by David Bau, an Extension Educator in Agricultural Business Management. Worksheets are available for download below in both Excel and Word forms:

Disaster and Crop

Written by C. Robert Holcomb and Gary Hachfeld, Extension Educators. This one page fact sheet includes information on Disaster and Crop Insurance Payments and their effect on your income tax return. Any crop insurance proceeds you receive need to be included as infom on your tax return. You generally include the income in the year the payment is received. Crop insurance also includes crop disaster payments received from the federal government as a result of destruction or damage to crops, or the inability to plant crops, because of drought, flood, or other natural disaster. 

Newsletters 

Publications

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Budget Information

Cash Rent Information

Center for Farm Financial Management

Crop Insurance

PcMars & General Computer Information

Education Planning Information

Estate Planning Series (December 2011)

  1. Estate Planning Principles
  2. Distribution of Estate Assets
  3. Establishing a Will
  4. Trusts: Definitions, Types, & Taxation
  5. Revocable Living Trust
  6. Gifting Assets
  7. Tax Issues for Estate Planning
  8. Life Insurance in Estate Planning
  9. Long-Term Health Care Planning
  10. Steps in Estate Settlement
  11. Distributing Personal & Household Assets

Farm Program

Financial Information

Financial Statement Series (December 2011)

FINBIN Executive Summary

Marketing Information

SE Minnesota Farm Business Management Reports

Statewide Organic Financial Reports

SWFM Information

Tax Information

Transferring the Farm Series (December 2011)

  1. Preparing to Transfer the Farm Business
  2. Farm Business Transfer Strategies
  3. Utilizing Partnerships & Corporations to Transfer Farm Assets
  4. Transferring Livestock & Machinery
  5. Should You Sell Your Real Estate?
  6. Gifting Farm Assets
  7. Tax Considerations When Transferring Assets
  8. Treatment of Heirs in the Transfer Process
  9. Developing a Written Transition Plan Outline
  10. Financial Help For Beginning Minnesota Farmers
  11. Putting a Value on Sweat Equity

Links

Current Crop Production Research, Financial Trends from the Southwest Minnesota Farm Business Management Association (SWMBFMA) as well as UMN Agriculture and Business Management Updates on Land Rents, Estate Planning and Farm Tax issues will also be presented by UMN SW Outreach and Research Center Staff and Extension Educators.