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REV. MAY 3, 2018 NEBRASKA DEPARTMENT OF MEDICAID ELIGIBILITY MANUAL LETTER #43-2018 HEALTH AND HUMAN SERVICES 477-000-050

EXAMPLE 6: Mrs. Mauve is buying two acres of pasture adjacent to her home with a market value of $8,000. She still owes $2,000 on the property so the equity value is $6,000. She uses the two acres of pasture to maintain livestock for food. She also has a tractor valued at $2,000 which is used to haul feed and water to the livestock.

The first $6,000 of equity value on the acreage and tractor is an excluded resource since they are used to produce goods for home consumption. $2,000 is a countable resource.