Farm Business Management

fbm
The Farm Business Management (FBM) program helps farm families reach their business and personal financial goals. It focuses on keeping accurate farm records and using data to make smart decisions. The FBM program helps you boost your farm’s profits and ensure long-term success. With financial analysis and strategic planning, you can make better choices that lead to growth, increased efficiency, and a stronger financial position.

Vision:
To provide educational opportunities for producers to be successful in a competitive agricultural environment.

Mission:
To deliver management education for decision-making that achieves an individual’s business goals.

Program Overview

Our program helps you keep accurate farm records using computerized accounting to manage your farm’s important information. At the end of the year, you'll work with your instructor to review your records and create a business analysis to see how your farm performed financially. You'll also get an Area Farm Business Analysis, which lets you compare your results with other farmers in the area. To help you succeed, instructors work closely with farm lenders, Ag Extension staff, and other agriculture experts, staying up to date on issues that affect farm decisions for the future.

Program Benefits

  • Confidential, web-based discussions
  • Individualized instruction
  • Customized to the strengths and weaknesses of each student’s business
  • Independent Analysis

Farm Business Management Programs

Advanced Farm Business Management
fbm

Advanced Farm Business Management

Agricultural Commodities Marketing
Agricultural Commodities Marketing

Agricultural Commodities Marketing

Applications in Farm Business Management
Applications in Farm Business Management

Applications in Farm Business Management

Current Issues in Farm Business Management
Current Issues in Farm Business Management

Current Issues in Farm Business Management

Essentials of Farm Business Management
Essentials of Farm Business Management

Essentials of Farm Business Management

Farm Business Management
fbm

Farm Business Management

 

Scholarships

The Minnesota Department of Agriculture (MDA) offers a Farm Business Management scholarship program for beginning farmers. Minnesota residents who have farmed for less than 10 years can receive scholarships covering half the cost of FBM education. Eligible participants must have a financial interest in the farm, be involved in management decisions, and regularly participate in farm operations.

Scholarships are available through Minnesota State Colleges and Universities or the Southwest Farm Business Management Association, for up to 40 credits. Over 2,000 Minnesota farmers participate in FBM each year, improving their business and financial skills.

Contact an FBM Program Advisor to apply! 

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