Financial conditions for the bulk of Nebraska farms and ranches entering 2023 are solid. A good position to start the year as 2023 promises to be a nerve-wracking adventure. Rising input costs and drought will test producers’ production skills. An uncertain economy and global events will test marketing and financial management skills. Volatility will persist. Positive returns can be had, but not at the levels experienced in 2022. Nebraska producers should emerge from 2023 financially sound but tested.