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  • PRSRT STDU.S. Postage Paid

    Permit #36OMAHA, NE

    POSTAL CUSTOMER

    October 31, 2013Volume 17 Issue 22

    LLiivveessttoocckk aanndd PPrroodduuccttss,, WWeeeekkllyy AAvveerraaggeeYYeeaarr AAggoo 44 WWkkss AAggoo 1100//1188//1133

    Nebraska Slaughter Steer35-65% Choice, Live Weight . . . . . . . . . . . . . . .$126.72 125.23 *

    Nebraska Feeder Steers, Med. & Large Frame, 550-600# . . . . . . . . . . . .162.21 183.84 189.12

    Med & Large Frame, 750-800 # . . . . . . . . . . . . . . .146.00 161.01 169.19Choice Boxed Beef, 600-750# Carcass . . . . . . . . . .195.65 192.94Western Corn Belt Base Hog Price . . . . . . . . . . . . . .81.99 94.94 91.26Feeder Pigs, National Direct, 50#, FOB . . . . . . . . . . . .* * *Pork Carcass Cutout, 185#, 51-52% Lean . . . . . . . .88.24 97.80 95.26Slaughter Lambs, Ch. & Pr.,Heavy, SD Dir. . . . . . . . .92.38 125.18 *Nat. Carcass Lamb Cutout, FOB . . . . . . . . . . . . . . .306.48 280.82 300.48

    CCrrooppss,, DDaaiillyy SSppoott PPrriicceessWheat, No. 1, H.W. Imperial, bu . . . . . . . . . . . . . . . . .8.29 6.59 7.30Corn, No. 2, Yellow, Omaha, bu . . . . . . . . . . . . . . . . .7.56 4.86 4.26Soybeans, No. 1 Yellow Omaha, bu . . . . . . . . . . . . . .15.28 13.15 12.46Grain Sorg. No. 2 Yellow, Dorchester, cwt . . . . . . . . .12.79 7.34 7.25Oats, No. 2, Heavy Minneapolis, MN, bu. . . . . . . . . . .4.09 3.34 3.53HHaayy ((ppeerr ttoonn))Alfalfa, Lrg. Sq. Bales Good to Prem., NE Neb. . . . . .237.50 * 250.00Alfalfa, Lrg. Rounds, Good, Platte Valley, . . . . . . . . .215.00 140.00 145.00Grass Hay, Lrg. Rounds, Premium, Neb., . . . . . . . . .190.00 132.50 122.50Dried Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . .280.00 215.75 205.00Wet Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .103.50 75.25 63.00* No market.

    MARKET GLANCE

    NARD Says Water Supply Could BePreserved . . . . . . . . . . . . . . . . . . .B15

    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A2

    Grains . . . . . . . . . . . . . . . . . . . . . . . A8Livestock. . . . . . . . . . . . . . . . . . . . A13

    Lee Pitts . . . . . . . . . . . . . . . . . . . . . A4

    Nebraska Corn Looks Great . . . . . B8

    Heartland Cattle . . . . . . . . . . . . . A12

    House Plan . . . . . . . . . . . . . . . . . . A3Recipes . . . . . . . . . . . . . . . . . . . . . . A5

    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A7

    For daily agriculture news, updates and local happenings,visit the Heartland Express website at

    www.myfarmandranch.com

    Government Report . . . . . . . . . . . . A6

    Weather

    Country Living

    The Lighter Side

    Markets

    Government Report

    Ag Management

    Livestock News

    Production News

    Schedule of Events

    A

    Gateway Farm Expo. . . . . . . . . . . . . . . . . . . . B1-20

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    Property Tax Assessment Trends and Tax Implications

    Bruce Johnson, Professor & JimJansen, Research Associate from theDepartment of AgriculturalEconomics, University of Nebraska-Lincoln

    Sticker shock probably could bestdescribe Nebraska agriculturalproperty owners reaction whenthey opened the county assessorsletter and read the new 2013valuation. With few exceptions, theassessed valuations on agriculturalland have climbed rapidly forseveral years a clear reflection ofthe fact that in Nebraska,agricultural land is assessedaccording to a set percentage ofmarket value. With Nebraska beingat the epicenter of a bullish UnitedStates agricultural land market in

    recent years, it is inevitable thatthose increases have come to bearon assessed values for property taxpurposes.

    But sticker shock may also beones reaction to how theagricultural land assessmenttrends compare with valuation ofother real estate classes thatconstitute the basis of our propertytax system. Going back over tenyears of data maintained by theNebraska Department of Revenue,Property Assessment Division, wehave tracked the agricultural landclass share of total annual increasein assessed valuation for the entirestate (Figure 1). A decade ago, theagricultural land share of annualincrease in valuation was less than25 percent. But starting in 2008,

    with the onset of a serious nationalrecession, a dramatic shift occurred.Even though Nebraska was sparedthe full brunt of the recession, thestates residential and commercial/industrial real estate values wereno longer rising and frequently

    Property Tax Assessment Trends and Tax Implications

    Continued on page 7

    Check out our Agstuff Classifieds

    Pages 14-19

  • Page 2 October 31, 2013Nebraska Farm & Ranch - Weather

    Farm and RanchPPuubblliisshheerrss - Central Nebraska Publications

    GGeenneerraall MMaannaaggeerr - Marc CurrieSSaalleess RReepprreesseennttaattiivveess

    Todd Smith John LynottCher Scoville Megan VanDeValle Darlene Overleese

    PPrroodduuccttiioonn - Chris Frazer PPrroodduuccttiioonn AAssssiissttaanntt - Laura R. Zayas WWeebb DDeevveellooppmmeenntt - news@agnet.net

    Important Notice: The publisher does not assume any responsibility for the contents of any advertising herein, andall representations or warranties made in such advertising are those of the advertisers and not the publishers. Thepublisher is not liable to any advertiser herein for any misprints in advertising not the fault of the publisher, andin such an event the limit of the publishers liability shall be the amount of the publishers charge for such adver-tising. In the event of misprints, the publisher must be informed prior to the printing of the next publication

    PPuubblliisshheedd bbyy::Central Nebraska Publications, Inc.

    21 W. 21st Street, Ste. 010 P.O. Box 415 Kearney, NE 68847 1-800-658-3191Copyright 2013

    Al Dutcher ReportWeather Commentary Provided By Al DutcherUNL, State Climatologist

    Week One Forecast, 11/2 - 11/8: Anupper air trough is projected to moveacross the northern half of theRockies during the beginning of thisforecast period. This will push theupper level ridge into the centralPlains and lead to fair weather andnormal temperatures during the11/2-11/3 period. The upper airtrough will begin to make its wayinto the central and northern Plainson 11/4, leading to the developmentof a surface low over northwesternKansas. Current model depiction ofthis low indicates that the primarymoisture with this system willremain north of Nebraska and anyprecipitation that does fall will beconfined to the northern half of thestate. Models indicate that the bestchances for precipitation fall acrossthe northern Panhandle where rainand/or snow will be possible on 11/4,with light rain possible across northcentral and northeast Nebraska.Further south, scattered sprinklesare possible. As is the case at thistime of the year, a southward shift inthe projected storm path could bringmore significant snowaccumulations into northwest andnorth central Nebraska on 11/4, withsprinkles to light rain for theremainder of the state. The coldfront is expected to clear the stateduring the first half of 11/5 and highpressure is projected to dominatethe remainder of the forecast period.Temperatures will slowly warm asthe week progresses in response toanother trough entering thenorthern Rockies. This will pushthe upper level ridge into the centralPlains and is expected to keepNebraska dry through 11/9. HighTemperatures: 11/2 (47 NE - 68 SW),11/3 (53 NE - 62 SW), 11/4 (42 NW-

    55 SE), 11/5 (36 NW - 45 SE), 11/6(36 NE - 41 SW), 11/7 (44 NE - 53SW), 11/8 (47 NE - 58 SW)

    Week Two Forecast, 11/9 - 11/15:Weather models indicate thatanother trough will move from thenorthern Rockies into the centralPlains by 11/10. Warm and dryconditions are expected statewide on11/10. A surface low is projected todevelop over western Nebraska on11/10 and move southeast. Themain precipitation shield with thissystem is projected to impact theDakotas, with only a few sprinklesor periods of light rain expectedacross the northern 1/3 of the state.Depending on the timing of the coldfrontal passage on 11/10, it ispossible that flurries and/or lightsnow may occur if the cold frontpushes through the region duringthe late afternoon hours. Modelsindicate dry weather will envelopethe state on 11/11, before anotherstorm system develops over thesouthern Plains in response to upperatmospheric energy movingeastward through the southernRockies. Weather models indicatethat moisture will surge northwardfrom Texas and Oklahoma and hasthe potential to bring periods of rainand/or scattered thunderstorms tothe eastern half of the state on 11/12.A cold front is projected to slidesouthward through the Dakotas on11/13, but stall near the Nebraskaand South Dakota border.Therefore, the current modelconsensus is that the moistureassociated with the 11/12 systemwill be well east of the area beforethe cold air arrives. Anyprecipitation that does fall on 11/13will be confined to extreme northernNebraska and is likely to be no morethan occasional flurries. If themodels are correct, the surface coldair will slowly push southward andis not projected to clear the stateuntil the second half of 11/15.Moisture with thi

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