Farmers and ranchers from across central Nebraska gathered in Kearney on Dec. 4, 2025, for the Cornhusker Economics Ag Outlook meeting, the first in a series of statewide events designed to help farmers and ranchers prepare for another year marked by shifting policy, financial pressure, and market uncertainty. Hosted by the University of Nebraska–Lincoln’s Center for Agricultural Profitability, the session brought together experts in agricultural policy, markets, and farm financial management to offer a clearer view of what lies ahead in 2026.

Although statewide net farm income has improved, speakers emphasized that changing conditions in ag policy, interest rates, commodity prices, and input costs are keeping many operations on edge.

“Nebraska agriculture is facing a mix of opportunity and uncertainty,” said Jessica Groskopf, extension agricultural economist for UNL. “With a new farm bill in development, it’s an important time to assess where markets, policy and financial conditions are headed and how they fit into each operation.”

Dr. Brad Lubben, UNL Extension policy specialist, outlined the major adjustments included in the new One Big Beautiful Bill (OB3), the farm bill that extends federal commodity program authority through 2031. Lubben explained that the legislation raises PLC reference prices, increases ARC guarantees, and boosts marketing loan rates—changes that strengthen the safety net at a time of softening commodity prices.

The bill also opens the door for producers to add new base acres in 2026, though additions will be capped nationally. Disaster assistance programs and crop insurance incentives are also enhanced, making risk management decisions even more central for next year’s planning. Lubben reminded producers that no ARC or PLC election is required for 2025, but the annual choice will resume in 2026 under these new rules.

Financial management was another major focus of Thursday’s session. Shannon Sand, UNL Agricultural Economics Extension Educator, stressed that despite stronger statewide income numbers, many individual operations continue to feel day-to-day financial stress. She walked producers through the importance of maintaining accurate balance sheets and realistic, month-to-month cash flow budgets— tools she said are essential for navigating tight margins.

Sand cautioned about common mistakes, such as overestimating yields or commodity prices, overlooking current liabilities, misusing lines of credit, or mixing personal and business finances. She encouraged producers to regularly review their financial position, negotiate where possible, delay large purchases if needed, and consider refinancing options when they improve cash flow.

For those in more difficult situations, Sand noted that Chapter 12 bankruptcy offers a structured repayment plan, with free monthly consultations available through the state’s legal and financial clinics.

Other presenters also shared insights on topics relevant to 2026 and beyond, offering producers guidance on emerging challenges, long-term planning, and key decisions shaping the future of their operations.

The Dec. 4 Ag Outlook meeting was the first of four scheduled across Nebraska, with other sessions offered in Scottsbluff, Lincoln, and Norfolk. Each event is led by experts from UNL’s Department of Agricultural Economics and Nebraska Farm Business, Inc., covering topics including market trends, cost of production, tax provisions from the new farm bill affecting 2025 returns, and long-range financial planning.

For producers who missed the event, more information and resources can be found at cap.unl.edu.