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Overview

The Southwest Minnesota Farm Business Management Association is a membership-led organization of farms throughout southwestern Minnesota. The focus is entirely on improving members' farm financial management skills, knowledge, and success.

The association provides members with analysis, confidential peer farm benchmarking, individual consultations and direct connections to University research and expertise.

A group of farmers in southwestern Minnesota founded the SWFBMA in 1939 to help area farmers implement better farm management practices and keep accurate records. Today, the association is based out of the Southwest Research & Outreach Center and is affiliated with University of Minnesota Extension Agricultural Business Management and the Center for Farm Financial Management.

Membership

Association members pay a fee for individualized farm management assistance and access to educational opportunities throughout the year. Association field staff work directly with members to improve record keeping and provide a comprehensive farm financial and profitability analysis.

There are currently 125 farm members in the Southwest Farm Business Management Association. Learn more about the benefits of membership.

Contact Information:

23669 130th Street, Lamberton MN 56152
Office Phone:  507-752-7372  Ext: 2008

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News

Cover Crop Scholarship

Are you planning on trying cover crops on your farm in 2021, 2022 and 2023? If so you may be eligible for a significant scholarship.

Agricultural Business Management News

Feed Cost

by Nathan Hulinsky, Extension educator, Agricultural Business Management

Feed cost is the most important and expensive input cost on a dairy farm. For a combination of reasons, feed costs have risen sharply since the fall of 2020. At Central Grain in Sauk Centre June corn prices are around $6.70 with a positive $0.10 basis, with higher positive basis for late summer.  Soybeans are around $15.00 with negative $0.40 basis. These are very competitive bids.  Futures prices this fall are currently several dollars per bushel lower than nearby contracts. If you have any excess grain, consider contracting it for sale this summer.