KFMA Podcast

This podcast is brought to you by the Kansas Farm Management Association. Episodes bring listeners information on agricultural finance, tax issues, current ag topics, and more.

60: Mental Health in Agriculture and Rural Communities 05/01/2025

60: Mental Health in Agriculture and Rural Communities Dr. Elaine Johannes is the Kansas Health Foundation Distinguished Professor in Community Health for KSRE and is a state Extension Specialist. We sat down to talk about mental health in agriculture and rural communities. While it's just the tip of the iceberg, we discussed issues and concerns regarding stress and mental wellness for agricultural producers and their families, as well as opportunities and resources. There has not been a publication in relation to the referenced survey conducted by K-State's Ag Safety and Health program. Information provided in this podcast is based on preliminary findings from this survey. Resources: /episode/index/show/kfmapodcast/id/36395065

59: Deducting Excess/Residual Fertilizer 04/14/2025

59: Deducting Excess/Residual Fertilizer You have most likely heard people promoting the idea of deducting excess/residual fertilizer when buying farm ground. So, what does it mean? Is there a deduction available? If so, what documentation do you need? We invited Kristine Tidgren, Director for the Center for Agricultural Law and Taxation, to discuss and help us understand this popular topic. Resources: /episode/index/show/kfmapodcast/id/36129190

58: ARC/PLC Decisions and Economic Assistance Payments 03/03/2025

58: ARC/PLC Decisions and Economic Assistance Payments The 2018 Farm Bill was extended in December of 2024. With the deadline to sign up for ARC/PLC approaching in April, we sat down with Robin Reid to discuss the programs and what to consider when making program decisions. Also included in the bill were ad hoc payments, currently being referred to as Economic Assistance Payments, for farmers. We discussed some details related to these payments and how they are calculated. Resources: ARC/PLC Decision Tool: Economic Assitance Payment Calculator: /episode/index/show/kfmapodcast/id/35517985

57: Kansas Land Values Update with Robin Reid 02/13/2025

57: Kansas Land Values Update with Robin Reid The 2024 Kansas Land Values Book was released in December. We sat down with Robin Reid to discuss trends across the state, how the farm economy is affecting land values, and her predictions for the coming year. Resources: 2024 Kansas Land Values Book: /episode/index/show/kfmapodcast/id/35274715

56: 2025 Women Managing the Farm 01/20/2025

56: 2025 Women Managing the Farm The 2025 Women Managing the Farm Conference is just around the corner! Lori Rogge and LaVell Winsor, co-chairs of the conference committee, joined me for this episode of the podcast. We discussed how Women Managing the Farm originated, what people can look forward to at this year's conference, and so much more. /episode/index/show/kfmapodcast/id/34930715

55: Finances and the Farm- an Online Course 01/02/2025

55: Finances and the Farm- an Online Course The KSU ag econ department offers an online course called Finances and The Farm. This is a self-paced course to help enhance farm management skills. We sat down with the instructors, Robin Reid and LaVell Winsor, to talk about what this class offers and why it is valuable to producers of all sizes and levels of experience. Resources: https://agmanager.info/events/finances-and-farm-online-class /episode/index/show/kfmapodcast/id/34700630

54: Regenerative Ag Practices and Profitability 12/18/2024

54: Regenerative Ag Practices and Profitability In 2024, several KFMA producers filled out a survey regarding utilization of various conservation practices. The data from this survey has been used for research by Dr. Jenny Ifft and graduate student Delide Joseph to evaluate how conservation practices relate to farm profitibaility. They joined us for this episode of the KFMA podcast to discuss their preliminary findings as well as ideas for future research. Resources: /episode/index/show/kfmapodcast/id/34508140

53: High Coverage Crop Insurance Options 12/05/2024

53: High Coverage Crop Insurance Options Dr. Jenny Ifft joins us to discuss high coverage crop insurance options available to producers, specifically SCO (Supplemental Coverage Option) and ECO (Enhanced Coverage Option). These are growing in popularity and may become more of a necessity as farmers navigate low margins with the farm economy downturn. Resources: SCO and ECO Payment Calculator: Dr. Ifft's Crop Insurance Presentation: /episode/index/show/kfmapodcast/id/34305600

52: Social Security Basics 11/21/2024

52: Social Security Basics A topic that applies to everyone: social security! We receive numerous questions about social security benefits. For this episode, we sat down with David Seymour. David is a Senior Public Affairs Specialist with the Social Security Administration, serving the Kansas City region. He covered many topics, including full retirement age, the earnings limit, disability and survivors' benefits, and much more. Resources: /episode/index/show/kfmapodcast/id/34093511

51: Forage Risk Management- Insurance Options 11/12/2024

51: Forage Risk Management- Insurance Options As the dealine for PRF (Pasture, Rangeland, and Forage Insurance) is approaching, we thought it would be a good time to sit down with Dr. Jenny Ifft to discuss various forage insurance options for producers. In looking at forage risk management, producers continue to have more options available to insure against loss on their forage crops. Some have been around for years and are growing in popularity, while some are new within the last couple years. In this episode, we discuss the multiple options available for producers and how each type of insurance works. Tools and resources: /episode/index/show/kfmapodcast/id/33899562

50: Tax Planning Strategies and Tools 10/29/2024

50: Tax Planning Strategies and Tools This is a topic we like to cover each year, especially as we are heading into the winter. Tax planning is extremely important for farm businesses because of the potential income volatility from year to year. In this episode, we discuss multiple tools farmers can use to manage their taxable income. /episode/index/show/kfmapodcast/id/33672147

49: SHICK & Medicare Basics 10/16/2024

49: SHICK & Medicare Basics Susie Latta, Marshall County Extension Agent, joins us to talk about all things Medicare! She has a focus in financial management and spends significant time counseling individuals on signing up for Medicare. In this episode we talk about the SHICK (Senior Health Insurance Counseling for Kansas) program and some Medicare basics in general. SHICK Hotline: 1-800-860-5260 /episode/index/show/kfmapodcast/id/33482752

48: Equipment Purchasing Decisions with Dr. Brady Brewer 10/07/2024

48: Equipment Purchasing Decisions with Dr. Brady Brewer What does a farmer take into account when purchasing equipment? What important factors should they consider? How do equipment purchasing decisions affect profitability? We discuss all of this with Dr. Brady Brewer, Associate Professor in the Ag Economics department at K-State, in this episode of the KFMA podcast. This episode is centered around a recent presentation Dr. Brewer provided at the annual Risk & Profit conference. The link to his slides is below. Economics of Equipment Purchasing: /episode/index/show/kfmapodcast/id/33361282

47: Retirement Account Options 07/01/2024

47: Retirement Account Options We receive several questions about options to save for retirement, and some times about options to contribute to retirement for employees. For this episode, Alice Tunks-Jones, Financial Advisor with Edward Jones, joins us to answer some of those questions. We discussed 5 specific types of retirement accounts, contribution limits and deadlines, and how they pertain to individuals and employers. /episode/index/show/kfmapodcast/id/31968232

46: 2023 KFMA Executive Summary 06/07/2024

46: 2023 KFMA Executive Summary Every year, KFMA publishes an executive summary to showcase certain pieces of data for KFMA farms from the prior production year. KFMA Executive Director, Mark Dikeman, and Associate Director, Kellen Liebsch, joined us to share about the 2023 KFMA executive summary. You can find the summary publication at the below link: Individual association summaries can be found here: /episode/index/show/kfmapodcast/id/31646337

45: Depreciation 04/03/2024

45: Depreciation Depreciation is one of the topics on which we receive several questions each year. There are a lot of rules regarding depreciation for tax purposes, but it's also one of the most valuable tax planning tools farmers have available. In this episode, we discuss the basics of depreciation, different rules to be aware of, and how it can be an effective tool for farmers and ranchers. /episode/index/show/kfmapodcast/id/30659883

44: Cash vs. Accrual Accounting 02/17/2024

44: Cash vs. Accrual Accounting We hear a lot about cash accounting and accrual accounting, but it can be challenging to know the difference between the two and how they are both used. Kellen Liebsch, Associate Director for KFMA, sits down to talk about the two accounting methods, how they can be utilized, and the pros and cons of each method. /episode/index/show/kfmapodcast/id/29992758

43: Women Managing the Farm 01/11/2024

43: Women Managing the Farm The 20th annual Women Managing the Farm Conference is almost here! We sat down with the committee co-chairs, Sandra Wick and Lori Rogge, to discuss the upcoming conference. We also discussed the history of Women Managing the Farm, the overall goal and vision of the conference, and what to look forward to in the future. Conference Website: AgManager: /episode/index/show/kfmapodcast/id/29444873

42: History and Current State of Kansas Farmer Cooperatives 01/03/2024

42: History and Current State of Kansas Farmer Cooperatives Dr. Brian Briggeman joined us to discuss farmer cooperatives across the state of Kansas. Dr. Briggeman is a professor and the Director of the Arthur Capper Cooperative Center at K-State. We discussed the history and the current state of co-ops in Kansas. Dr. Briggeman also filled us in on all the services provided for co-ops through the Arthur Capper Cooperative Center. /episode/index/show/kfmapodcast/id/29328258

41: A Discussion on Machinery and Repair Costs w/Bob Kohman 12/06/2023

41: A Discussion on Machinery and Repair Costs w/Bob Kohman We sat down with Bob Kohman to discuss a recent KFMA study over machinery and repair costs. Bob and Chelsea conducted this study over the summer with the primary goal of observing the relationship between machinery investment and repair costs on KFMA farms. The data and observations were presented at the annual Risk & Profit Conference at K-State in August. /episode/index/show/kfmapodcast/id/28959528

40: Introduction to Kansas Agricultural Mediation Services (KAMS) with Kay Prather 10/27/2023

40: Introduction to Kansas Agricultural Mediation Services (KAMS) with Kay Prather In this episode, we are joined by Kay Prather, the program coordinator for the Kansas Agricultural Mediation Services (KAMS). Kay shares with us the background, purpose, and mission of KAMS. Resources: KAMS Website: KAMS Toll Free Hotline: 1-800-321-3276 Kansas Ag Stress: /episode/index/show/kfmapodcast/id/28442951

39: Kansas Ag Land Values and Ownership Trends w/Robin Reid 10/13/2023

39: Kansas Ag Land Values and Ownership Trends w/Robin Reid Robin Reid joins us back on the KFMA podcast to discuss trends in Kansas ag land values. We also took time to talk about her latest research on agricultural land ownership in Kansas. Make sure to follow the links below for resources discussed in the podcast. 2022 Land Values Book: Analysis of Agricultural Land Ownership: Foreign Holdings of Kansas Land: /episode/index/show/kfmapodcast/id/28308419

38: Kansas Land Turnover with Dr. Ifft 09/28/2023

38: Kansas Land Turnover with Dr. Ifft Dr. Jenny Ifft joins us again on the KFMA podcast to discuss a new research project. This study looks at agricultrual land turnover in the state of Kansas. During this episode, Dr. Ifft discusses the current findings and preliminary observations. /episode/index/show/kfmapodcast/id/28170875

37: Cowlateral- Livestock Insurance Options with Dr. Ifft 09/11/2023

37: Cowlateral- Livestock Insurance Options with Dr. Ifft Dr. Jennifer Ifft, associate professor and Flinchbaugh Agricultural Policy Chair at K-State, joins us to discuss insurance and FSA program options for livestock producers. More on Dr. Ifft: /episode/index/show/kfmapodcast/id/28001517

36: 2023 Macroeconomic Update with Dr. Brian Briggeman 08/21/2023

36: 2023 Macroeconomic Update with Dr. Brian Briggeman Dr. Brian Briggeman, professor in the Agricultural Economics Department at K-State and Director of the Arthur Capper Cooperative Center, joins us again to provide a macroeconomic update. We discussed trends with interest rates and inflation through 2023, potential for a recession, the state of the labor market, and how all of this relates back to agriculture. /episode/index/show/kfmapodcast/id/27809652

35: 2022 KFMA Executive Summary with Mark Dikeman 07/10/2023

35: 2022 KFMA Executive Summary with Mark Dikeman KFMA Executive Director, Mark Dikeman, joins us to discuss the 2022 KFMA Executive Summary data and current farm conditions for 2023. /episode/index/show/kfmapodcast/id/27421818

34: Emergency Relief Program 2/Pandemic Assistance Revenue Program 06/29/2023

34: Emergency Relief Program 2/Pandemic Assistance Revenue Program KFMA Executive Director Mark Dikeman joins us to discuss general details of two current FSA programs. These two programs, Emergency Relief Program 2 (ERP 2) and Pandemic Assistance Revenue Program (PARP), work differently than most FSA programs we have seen in the past. Mark explains the general premise of the two programs, eligibility requirements, application deadlines, and more. This podcast is not meant to be detailed advice or consultation for either of these programs. Anyone looking to apply for these programs should consult FSA and their accountant or tax preparer for more detailed information and to evaluate their eligibility. /episode/index/show/kfmapodcast/id/27323205

Podcast 33: Transition Planning Series Episode 8- Operating Agreement Worksheet 04/21/2023

Podcast 33: Transition Planning Series Episode 8- Operating Agreement Worksheet This episode finishes our transition planning series walking through the "Cultivating Your Farm's Future" workbook. In this final episode of the series, we go through the operating agreement worksheet. The goal of this worksheet is to think through and discuss how you want your farm entity to operate and have something you can take to your attorney when setting up the entity. Thank you for tuning into this series! A huge thank you to the University of Wisconsin- Madison Division Extension for providing this resource to producers and allowing us to use it as the foundation for our transition planning series. Workbook Link: /episode/index/show/kfmapodcast/id/26617074

Podcast 32: Transition Planning Series Episode 7- Tools for a Successful Transition Cont'd 03/29/2023

Podcast 32: Transition Planning Series Episode 7- Tools for a Successful Transition Cont'd In episode 7 of our transition planning series, we continue our dive into action steps to help make a farm transition successful. This episode continues part 3 of the "Cultivating Your Farm's Future" workbook titled, "How do you get there?" We cover pages 47-49 of the workbook, discussing issue development, how to identify strategic vs. operational issues, and developing an action plan to face issues as they arise. UW- Madison Divison of Extension Workbook Link: /episode/index/show/kfmapodcast/id/26380899

Podcast 31: Transition Planning Series Episode 6- Tools for a Successful Transition 03/16/2023

Podcast 31: Transition Planning Series Episode 6- Tools for a Successful Transition In episode 6 of our transition planning series, we dive into action steps to help make a farm transition successful. This episode leads into part 3 of the "Cultivating Your Farm's Future" workbook titled, "How do you get there?" We cover pages 44-46 of the workbook, discussing meeting agendas, operational meetings, and strategic planning meetings. /episode/index/show/kfmapodcast/id/26253990

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