Farm Business Management and Benchmarking Competitive Grants Program

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The purpose of the Farm Business Management and Benchmarking (FBMB) Competitive Grants Program is to fund an entity or “National Farm Management Center” which will establish and maintain a national, publicly-available, farm financial management database to support improved farm management. This “Center” will: a)Coordinate standardized financial analysis methodologies for use by farmers, ranchers, other agricultural operators, and farm management associations; b)Provide the software tools necessary for farm management associations, farmers, ranchers, and other agricultural operators to perform the necessary financial analyses, including the benchmarking of individual enterprises; and c)Develop and maintain a national farm financial database to facilitate those financial analyses and benchmarking that is available online to farmers, ranchers, other agricultural operators, farm management associations, and the public.

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