Tricounty News

Farm management report offers wealth of information

The Annual Farm Management Report provides a wealth of information for farmers enrolled in the Farm Business Management Education Programs in Minnesota and North Dakota. The report is a summary of individual farms enrolled in the program; it allows farmers to compare their business to similar farms in the area. This database of information helps farmers identify strengths and weaknesses of their farm business. It allows them to compare farm size, income, expenses, net worth, debt, operating profit margin, yields, etc. The 56-page 2003 Farm Business Management Annual Report provides localized farm financial information that cannot be found elsewhere. Completing a farm business analysis allows farmers to best evaluate their business. To view the 2003 Farm Business Management Annual Report visit www.mgt.org/fbm/reports/.