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As a young Nebraska farmer, Maggie Holub is in a league of her own. She has a complete, but flexible, succession plan — in writing.

“There’s a place that you put on risk and there’s a place that you take it off. So, we decided to take some money off and put in the bank,” says Jerry Gulke, president of Gulke Group.

Could agriculture face a Southwest-type meltdown?

“What I look for as an agent and as a farmer is if I can get close to 2.5 times or more return on coverage versus extra premium,” says Jamie Wasemiller with Gulke Group and Wasemiller Insurance Agency.

Here’s what farmers should consider with this sometimes complex question.

While the drought of 2023 is straining crop conditions, there hasn’t been any drought concerns when it comes to auction prices on used farm equipment, including most types of harvest equipment.

Economic growth is stalling in rural America. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.

Farmers can harvest incredible value by stress testing their business margins, says Chris Barron, a national financial consultant for Ag View Solutions and Iowa farmer.

While the fall of Silicon Valley Bank and Signature Bank is unique, the situation does provide lessons for farmer’s financial management and risk management.

This year marks the second-largest increase in the market value of agricultural land in Nebraska since 2014 and the highest non-inflation-adjusted statewide land value in the 45-year history of the survey.