Using Your Records to Compare the Profitability of Corn and Soybeans
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 production and financial information with others that are similar in size, soil productivity and type of farm. Crop and livestock enterprise analysis reports are available to help producers compare the profitability of different enterprises. FBFM also has available the PC Mars farm accounting software for those producers wanting to computerize their accounting function.
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 the farming operation. On display will be examples of various reports along with the latest information compiled from the farm record data. Examples of 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 (FBFM) Association