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Farm Financial Management a Key to Success
The Illinois Farm Business Farm Management (FBFM) Association provides comprehensive farm and financial management analysis for operating farmers. Producers receive various computerized production and financial analysis reports about their operation. They also receive a comparative analysis report that compares their farming operation with others that are similar in size, soil productivity, and type of farm. Also available are trend reports that show long-term trends in the farm business.
Specialized field staff assist producers in keeping good financial records and help them interpret financial reports about their business with the goal of improving farm profitability. Field staff also provide tax management assistance for farming operations.
Our tent display features examples of various reports, along with the latest information compiled from the farm record data. Computer software programs available through FBFM will also be available for demonstration.
Dale Lattz, Farm Management Extension Specialist
Department of Agricultural and Consumer Economics and
Illinois Farm Business Farm Management Association
(217) 333-0754; d-lattz@illinois.edu