RANDOLPH – Earlier this month a northeast Nebraska grain producer pledged 200 bushels of corn for each of the next five years to Northeast Community College.
According to a release from NECC, this is a way to help support the construction of new ag facilities at the college in a tax advantageous approach.
Mike Korth, of Randolph will make this donation to the Nexus project. This project is a plan to relocate the college farm and build a new veterinary technology building near the existing Chuck M. Pohlman Agriculture Complex.
It was an easy decision for Korth to donate the grain to Northeast as he usually turns the corn over to NECC when he takes his crop to the CVA (Central Valley Ag) 81/20 Grain Hub. The elevator then sells the grain and sends the proceeds directly to Northeast. In that way, He gets to deduct 100% of the value of the grain from his income for tax purposes. He also encourages other producers to consider this option.
Dr. Tracy Kruse, associate vice president of development and external affairs at Northeast and executive director of the Northeast Community College Foundation, said the College has more information on how a gift of grain would work to the advantage of both Northeast and the producer. Forms to be used to make the donations and other information on the process for giving a gift of grain can be found online at https://agwaternexus.com/gifts-of-grain-and-livestock/.
Kruse noted that there is a similar process for giving gifts of livestock.
Funding for the $23 million Agriculture & Water Center for Excellence project is currently being solicited to enhance and expand the agriculture facilities at Northeast Community College. In addition to the College’s commitment of $10 million, Northeast is seeking at least $13 million in private funds to begin the initial phase of construction, which includes a new farm site with a large animal handling facility and other farm structures for livestock operations, a new veterinary technology clinic and classrooms, and a farm office as well as storage. The new facilities will be located near the Chuck Pohlman Ag Complex on East Benjamin Avenue in Norfolk.
In August, the Acklie Charitable Foundation (ACF) announced a $5 million lead gift to the Nexus project.
For more information on the Nexus Campaign, contact Kruse, at tracyk@northeast.edu or call 402-844-7056. Online donations may be made through the website of agwaternexus.com as checks may be mailed to: Nexus Campaign, Northeast Community College Foundation, P.O. Box 469, Norfolk, NE 68702-0469.