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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

Extension of Tax Filing Deadline for 2020 Individual Returns

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March 21, 2021

By C. Robert Holcomb, E.A., Extension Educator, Agricultural Business Management, University of Minnesota Extension 

On March 17, 2021, The Treasury Department and Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.  IRS will provide additional guidance in the coming days...

ARC or PLC?

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Congress approves a new Farm Bill every five years. After a new Farm Bill is released, the Extension Ag Business Management (ABM) team hosts informational meetings around the state to educate farmers about key changes in the law...

Agriculture Risk Coverage and Price Loss Coverage Webinar: 2021 Decision

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The U.S. Department of 

Agriculture’s (USDA) Farm Service Agency (FSA) in Minnesota is holding a public Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) webinar with the University of Minnesota Extension at 2 p.m. on Jan. 12, 2021. Farmers and others involved in agriculture will have an opportunity to learn more about the ARC/PLC programs and factors to consider when making elections for the 2021 crop year. Register now.

UMN Extension, NDSU Extension to offer Farm Safety Webinar Series

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Farm Safety Webinar Series

ROCHESTER, Minn. — University of Minnesota Extension is excited to be partnering with North Dakota State University Extension to offer a series of farm safety webinars this winter. Each of us has been impacted in some way by an accident, injury, or fatality that has occurred on the farm. These events are devastating to communities and impact the livelihoods of those we know and love dearly. The purpose of these webinars is to empower communities and individuals to prioritize safety on the farm. The webinar series will be January-March on Thursdays at 11:00am. Each webinar will last one hour.