When leading economic indicators suggest a downturn in profitability for farmers due to major transitions in the agricultural marketplace, fbmb national database information is even more valuable…

When leading economic indicators suggest a downturn in profitability for farmers due to major transitions in the agricultural marketplace, fbmb national database information is even more valuable for the industry. To add value, initiatives must focus on economic data that provides new concepts that inform producer decision making. This project will expand and sustain the fbmb national database to increase the amount of economic data and maintain data quality while increasing the amount of data available to small, underserved producers. Multi-year trend data will be developed that will share factorsfrom similar economic times in the recent past and inform producers of the impact on financial ratios and cost of production. To provide new and expanded decision making material, peer group data will be expanded so producers can compare to similar farm operations in challenging times. To support effective implementation of sustainable practices, several climate-smart practices reports will be developed. Another key purpose is to provide the interpretation and educational materials required to truly add value to producers' ability to make informed decisions. When stress for producers increase, quality support from financial management professionals is critical and this project will help to ensure new educators and other professionals are mentored and trained.five partners in four states including the university of missouri farm business management analysis (MO), university of minnesota southwest farm business management association (swmnfbma), minnesota state farm business management education program (MN FBM), illinois farm business management (IL), and wisconsin technical college's farm business instructors (WI) will collaborate to accomplish project goals. All partners will work to: improve producer success in transitional times in agriculture, ensure uniform financial/benchmarking data, expand data publishing and interpretation focusing on climate- smart practices, delivermentorship/training, and advance small farm data sharing. This project will address each of the five RFA-listed measures for identified goals.