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Money Management

Gregg Hadley, Planning a Farm Succession

First of a three-part series on farm succession, K-State Ag Economist Gregg Hadley explains the importance of having a good plan that favors all parties before starting a farm succession. See video
12/12/2014 8:00:00 AM


One of the more widely discussed agricultural topics in Kansas these days concerns how to properly create a farm or ranch succession from one generation to another.  This is a very important venture not only for the agricultural families involved, but also for the communities around those farms and ranches.  After the first of the year, Kansas State will host five workshops around the state on succession planning…they will take place at Allen Community College in Iola, Pratt Community College in Pratt, Kansas Farm Bureau Plaza in Manhattan, Flint Hills Technical College in Emporia, and the Kansas State Agricultural Research Center in Hayes.

12/11/2014 6:00:00 PM

Year-end Purchases and Income Tax Management Play Audio

From the Kansas Farm Management Association at K-State, Gregg Ibendahl talks about the merits of advance-purchasing crop inputs, fuel and machinery for 2015 before this year is out, for income tax management purposes...the recent plunge in petroleum prices in particular casting a different light on one's fuel and fertilizer decisions.

12/11/2014 6:00:00 PM

4-H Livestock Management at Your Fingertips

Record keeping for a 4-H livestock project might involve collecting receipts from the feed store in an envelope or making notes on a feed sack in the barn. But, a new venture for 4-H—a livestock project record app—is allowing members to use their smart devices to keep easier track of their records.

12/11/2014 8:00:00 AM

Farm Succession Planning Conferences Play Audio

From the Kansas Agricultural Mediation Services office at K-State, Janel Koons goes over how to register for one of the five Farm Succession Planning conferences co-sponsored by K-State early in 2015, each of which will cover important topics on passing the farm or ranch along to the next generation.

12/10/2014 6:00:00 PM

USDA Farm Loan Program in Kansas Play Audio

Farm loan chief Arlyn Stiebe of the Farm Service Agency reports on a record-setting year for the USDA farm loan program in Kansas, with a special emphasis on the beginning farmer loan options the program offers.

12/10/2014 6:00:00 PM

Health Insurance Smarts: How Does Health Insurance Work?

With the passing of the Affordable Care Act, having health insurance became required by law. A main goal of the ACA is to increase the number of people insured, said Roberta Riportella, Kansas Health Foundation professor of community health at Kansas State University, and those who are uninsured could face a penalty at tax time.
12/8/2014 8:00:00 AM

Farm and Ranch Succession Planning - Part Three Play Audio

K-State's Duane Hund, Gregg Hadley and Charlotte Shoup-Olson focus on the importance of including a third-party facilitator in the planning process, and how to go about identifying the individual who can serve that role favorably and effectively.

12/2/2014 6:00:00 PM

Farm and Ranch Succession Planning - Part Two Play Audio

K-State's Charlotte Shoup-Olson, Duane Hund and Gregg Hadley provide input on developing the game plan for passing the operation along from one generation to the next, and who should be involved in the business planning phase.

12/1/2014 6:00:00 PM

Health Insurance Smarts: Why the Need for Health Insurance?

Purchasing insurance is a major financial decision regardless of need—life, home, farm, car and health, as examples. Just like purchasing insurance for the motor vehicles you have out on the roads, securing health insurance for yourself and your family is also required by a law, in this case, by the Affordable Care Act (ACA).

12/1/2014 8:00:00 AM

Farm and Ranch Succession Planning - Part One Play Audio

K-State's Gregg Hadley, Charlotte-Shoup Olson and Duane Hund discuss the important first step in developing a succession plan that favors all parties---maintaining good lines of communication.

11/30/2014 6:00:00 PM


More than 21 percent of Kansas children, some 40-thousand, live in poverty.  That’s an increase of 22 percent over the past five years.  And policy changes to programs such as Temporary Assistance to Needy Families, known as TANF, have made it more difficult for low-income families and their kids to gain access to the assistance they need.  Now, new recommendations from the Annie E. Casey Foundation propose integrating state and federal employment, education and child care programs for parents and children to create a better life for families.  The guest is Shannon Cotsoradis, president and CEO of Kansas Action for Children.

11/25/2014 6:00:00 PM


The euphoria of holiday shopping we experience in November and December can quickly turn into a financial hangover when the credit card statements arrive in January. While shopping is part of the holiday celebration, it doesn’t have to leave a huge debt to deal with after the holiday. K-State Research and Extension family financial specialist Elizabeth Kiss discusses how to have a happy holiday and not wake up with a January hangover.

11/20/2014 6:00:00 PM

2014 Kansas Income Tax Institutes Play Audio

Iowa State University agricultural law specialist Roger McEowen and K-State agricultural economics assistant Rich Llewelyn have the details of the 2014 Kansas Income Tax Institutes, scheduled for November and December at eight locations around Kansas.

10/28/2014 7:00:00 PM


A reverse mortgage is a home loan that provides cash payments based on home equity. And, while the idea of using your home for cash may be appealing, it’s an important decision that cannot be made hastily or before understanding the benefits and pitfalls. Although a lot of people have seen the commercials for reverse mortgages on television, they don’t understand what it is. K-State Research and Extension family financial planning specialist Elizabeth Kiss (kish) says the absolute number of people in Kansas who have reverse mortgages or who reverse mortgages would be appropriate for are probably pretty low compared to other states, but because they are so heavily advertised, it’s important to understand how they work.

10/23/2014 7:00:00 PM

USDA Specialty Crop Development Grants Play Audio

Staff economist with the Kansas Department of Agriculture, Josh Roe, announces that several applicants in Kansas have now received USDA Specialty Crop Development Grants...he outlines what those grants will be supporting, and how others can apply for such funding in the future.

10/15/2014 7:00:00 PM


When it comes to personal financial management, there are a number of things that can affect your overall health. This includes your credit score, whether you have a contingency fund for emergencies, making sure you have adequate insurance coverage and choosing a bank that’s right for you. On today’s Sound Living, K-State Research and Extension family resource management specialist Elizabeth Kiss (kish) offers some tips for making financial decisions that will improve your overall financial health.

10/15/2014 7:00:00 PM


If the onset of colder weather has you thinking about ways to reduce energy costs – without sacrificing personal comfort – there are a number of cost-effective measures that can be taken to winterize your home. Bruce Snead, director of Extension engineering at Kansas State University and an Extension specialist in residential energy, says this includes blocking air leaks by preventing cold air from entering the home and keeping warm air from escaping the home, making sure the furnace is in optimum working condition and using a programmable thermostat to help regulate the home’s temperature according to your family’s lifestyle.

10/9/2014 7:00:00 PM

Enrollment Underway For New Farm Bill Programs... Play Audio

Commodity program specialist Terry Hawk of the Farm Service Agency goes over the just-announced timeline for enrolling in one of the program options under the new farm bill, the Agricultural Risk Coverage (ARC) program or the Price Loss Coverage (PLC) program...he also talks about what the FSA is doing to ready for program sign-up

10/7/2014 7:00:00 PM


For many homeowners, nothing beats the warmth of wood-burning heat in the cold of winter.  Numerous wood heating systems are available on the market, but the homeowner should know a few things about them before investing.  K-State forester Charlie Barden discusses several of those this week.                 &n
10/2/2014 7:00:00 PM

New Safety Net Tool for Crop Producers Play Audio

K-State agricultural economist Mykel Taylor announces that the decision-making tool created by Oklahoma State University and K-State for crop producers on the new farm program "safety net" options is now available for use...how to do so will be featured in a special webinar out of K-State taking place tomorrow, and she'll have the details.

9/30/2014 7:00:00 PM

The Latest Agricultural Law Cases Play Audio

Iowa State University agricultural law specialist Roger McEowen covers several recent court decisions relevant to agricultural producers, including the ruling on a case over the validity of a farming partnership between parents and son, as perceived by the lending institution for both parties.

9/30/2014 7:00:00 PM

Dairy Margin Protection Program... Play Audio

K-State agricultural economist Robin Reed goes over a new facet of the USDA commodity programs, developed for dairy producers to help them manage their risk, called the Dairy Margin Protection Program...she talks about how it differs from the previous price-support mechanism, and points to a new spreadsheet tool that producers can use in their enrollment decisions.

9/23/2014 7:00:00 PM

Re-Negotiating Cropland Rental Agreements... Play Audio

K-State agricultural economist Mykel Taylor discusses renegotiating cropland rental agreements, in light of the major decline in crop prices over the last several months...she suggests that cash rents, as well as crop-share terms and flex leases, deserve another look by tenants and landlords, to assure that the lease terms remain fair for both parties.

9/22/2014 7:00:00 PM

Kansas Farm and Ranch Land Values... Play Audio

K-State agricultural economist Bryan Schurle looks at the latest trend in Kansas farm and ranch land values...he compares a trio of resources for gauging that trend, as he covered at the recent Risk and Profit Conference at K-State.

9/22/2014 7:00:00 PM

Update: Lesser Prairie Chicken... Play Audio

K-State wildlife specialist Charlie Lee talks about a new USDA analysis of the C-R-P and E-Q-I-P programs, and their value in providing lek habitat for the lesser prairie chicken.

9/22/2014 7:00:00 PM

Including Children in Holiday Activities is Best Gift

Oh, the holidays. They can be joyous and warm … or stressful and budget-breaking … or all of the above. Plus they can leave families, particularly children, with unrealistic expectations. To help individuals and families navigate the holidays without breaking the bank and still providing positive experiences, two Kansas State University specialists provided tips.
11/19/2013 8:00:00 AM

Farm Transition Workshops Planned in Kansas

MANHATTAN, Kan. – When it comes to devising a plan to transition the family farm to the next generation, communicating may be the hardest part, according to Jeri Albright, who along with her husband, Corky, operates a crop and livestock operation in Jackson County, Kan.
11/15/2013 8:00:00 AM