Financial Strain

31 Financial Strain

Unpredictable Market Prices – Volatile crop and livestock prices make income uncertain from year to year.
High Input & Equipment Costs – Fuel, seed, feed, fertilizer, and machinery are increasingly expensive.
Debt & Loan Payments – Farm operations often rely on large loans that require consistent cash flow to repay.
Land & Tax Expenses – Rising property values and local tax rates add to the financial burden.
Limited Access to Off-Farm Income – Remote locations and time demands can make secondary income difficult to pursue.

Create a Realistic Budget – Track income and expenses to spot patterns, cut waste, and plan ahead.
Diversify Revenue Streams – Consider agritourism, direct sales, or niche markets to create financial flexibility.
Explore Assistance Programs – Apply for grants, conservation incentives, and loan restructuring options through government agencies.
Work with Financial Advisors – Professional guidance can help reduce debt, build credit, and develop long-term goals.
Set Short- and Long-Term Goals – Break financial planning into manageable steps to avoid feeling overwhelmed.

Chronic Stress & Anxiety – Constant financial uncertainty can cause emotional exhaustion and sleep issues.
Strained Relationships – Money problems can create tension among spouses, family members, and business partners.
Feelings of Failure or Shame – When goals aren’t met, farmers may blame themselves despite external factors.

Talk Openly About Finances – Sharing concerns with family or trusted professionals helps reduce isolation and create solutions.
Acknowledge What You Can Control – Focus on daily decisions that support financial stability, even in uncertain markets.
Connect with Peer Support Networks – Farm and ranch stress programs offer understanding and tools tailored to agricultural life.
Celebrate Progress – Recognize and take pride in small wins, even during tough years.

Nebraska AgrAbility. (2024). Rehabilitating Nebraska farmers and ranchers with disabilities workshop

Nebraska AgrAbility. (2024). What is stress?