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Parking bans ordered in Lincoln as winter storm socks Nebraska with snow
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Winter tips for hunting turkey
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FAFSA completions down slightly in Nebraska amid nationwide concerns
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vectorbomb-ThinkstockPhotos Diversification only makes sense if all parts of the business prosper
A couple weeks ago I wrote about tracking enterprises within the business. I have had some questions as to what that means, and the affect it can have.
I live in Southeast Nebraska so I will use a typical operation here as an example. I will assume this operation is multigenerational and that it owns the land (both pasture and crop land), machinery, and cattle.
The land is its own enterprise. The cattle enterprise rents pasture from the land enterprise, and the farming enterprise rents crop land from it also. Most people here put up hay, so the hay enterprise rents the hay ground.