Organic Farming Financial Benchmarks Webinar by eOrganic

Organic Agriculture January 03, 2012 Print Friendly and PDF

 Resources from the Webinar

About the webinar

While there is much anecdotal information about farm performance and profitability, real world information about production, financial performance, and profitability on organic farms is scarce.

Since 2006, researchers at the University of Minnesota’s Center for Farm Financial Management and their partners have been collecting and analyzing farm financial data on organic farms and integrating them into FINBIN, one of the largest and most accessible sources of farm financial and production benchmark information in the world. Through their work, they are documenting the financial performance of participating organic producers so that they and their peers have more accurate benchmarks on which to evaluate organic options, as well as to un-mask the financial performance of a group of organic producers to provide agricultural lenders better information on which to base credit decisions and to give policy makers, researchers, and others real-world insight into organic farm performance.

In this webinar, Dale Nordquist, Center for Farm Financial Management at the University of Minnesota, will describe the Minnesota Organic Farm Business Management Project, and show three years worth of results of organic farm financial performance in Minnesota.

About eOrganic

eOrganic is the Organic Agriculture Community of Practice at eXtension.org. Our website  at http:www.extension.org/organic_production contains articles, videos, and webinars for farmers, ranchers, agricultural professionals, certifiers, researchers and educators seeking reliable information on organic agriculture, published research results, farmer experiences, and certification. The content is collaboratively authored and reviewed by our community of University researchers and Extension personnel, agricultural professionals, farmers, and certifiers with experience and expertise in organic agriculture.

This is an eOrganic article and was reviewed for compliance with National Organic Program regulations by members of the eOrganic community. Always check with your organic certification agency before adopting new practices or using new materials. For more information, refer to eOrganic's articles on organic certification.

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USDA / NIFA

This work is supported by the USDA National Institute of Food and Agriculture, New Technologies for Ag Extension project.