Awards issued prior to january 20, 2025, were funded under previous administrations and may not reflect the priorities and policies of the current administration.** we propose a partnership between…

Awards issued prior to january 20, 2025, were funded under previous administrations and may not reflect the priorities and policies of the current administration.** we propose a partnership between farm business management associations and institutions of higher education to improve the knowledge of U.S. Farmers and ranchers. The intention of our project is to improve long-term profitability and producer risk management decisions through the use and development of the national farm financial benchmarking database. The project will be conducted through the efforts of three farm business management associations in nebraska, south dakota, and north dakota, and two land-grant universities (ohio state university and the university of nebraska-lincoln).our project will address both fbmb program objectives to 1) maintain and expand the national database and 2) expand collaborative farm management educational programs and association partnerships that will contribute data to the national database. We will also help to address all five fbmb measures identified in the funding announcement. While our organizations already support over 1,680 producer farm financial analyses and contribute to the national database, we are committed to increasing the number of participants (especially beginning and small- and medium-sized farms), increasing the quality of financial records, and creating a comprehensive annual report to be used in the national database. Our project will also support research related to identifying the influence and role of informational avoidance in financial and risk management decision making. Insights will be used to improve extension efforts influencing better financial and risk management decision making. Amount requested: $499,343.