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Serving: NE
corn kernels being dipsersed from auger Tyler Harris
GRAIN DONATIONS: Mike Korth of Randolph, Neb., has pledged to donate 200 bushels of corn each year for five years to go toward the Nexus project.

Grain donations to go toward college's new ag facilities

Nebraska grower pledges 200 bushels of corn each year for five years to help Northeast Community College.

A Randolph-area grain producer is donating grain to Northeast Community College as a way to support the construction of new agriculture facilities at the college in a tax-advantageous approach.

Mike Korth of Randolph, Neb., has pledged 200 bushels of corn each year for five years to the Nexus project, a plan to relocate NCC's farm and build a new veterinary technology building near the existing Chuck M. Pohlman Agriculture Complex.

"Donating the grain to Northeast is easy," Korth says. "I just turn the corn over to Northeast when I take my crop to the [Central Valley Ag] 81/20 Grain Hub. The elevator then sells the grain and sends the proceeds directly to Northeast. In that way, I get to deduct 100% of the value of the grain from my income for tax purposes."

Korth encourages other producers to consider this option.

"Pledging to donate as little as 1 acre's production each year for five years is an easy way to make a significant contribution to the new ag facilities at Northeast without having to write a big check," he says.

Tracy Kruse, associate vice president of development and external affairs at Northeast and executive director of the Northeast Community College Foundation, says 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 agwaternexus.com.

"We do encourage producers to talk with their tax professionals if they have questions about how this process works," Kruse says. "It is important that the producer give up the title to the grain before it is sold in order to achieve the best tax advantage."

Kruse notes there is a similar process for giving gifts of livestock.

Funding for the $23 million Agriculture & Water Center for Excellence project is 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 first 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 and storage.

The new facilities will be located near the Chuck Pohlman Ag Complex on East Benjamin Avenue in Norfolk, Neb.

In August, the Acklie Charitable Foundation announced a $5 million lead gift to the Nexus project. ACF was founded by the late Duane Acklie and Phyllis Acklie, both Madison County natives and graduates of Norfolk Junior College, a predecessor institution of Northeast Community College.

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, agwaternexus.com.

Checks may be mailed to Nexus Campaign, Northeast Community College Foundation, P.O. Box 469, Norfolk, NE 68702-0469.

Source: Northeast Community College, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.
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