Organic Benchmarking Study Offers Farm Business Management Cost-Share

The University of Minnesota is leading a multi-year, multi-state, organic benchmarking effort in partnership with Minnesota State Farm Business Management program to collect and analyze organic financial data. Through this multi-state effort, organic farmers in Minnesota, Wisconsin, and North Dakota can receive a 25% to 50% cost-share for farm business management participation. Organic producers are eligible if they are an organic dairy farm, raise organic livestock, or produce organic alfalfa, corn, hay, soybeans, wheat, or specialty crops. Applications are accepted on a rolling basis. Organic data submitted to the FINBIN database will be used in an aggregate form to provide regional benchmark reports and build Extension programming and curriculum regarding the financial stability of organic production.