Southwest Minnesota Farm Business Management Association
The Southwest Minnesota Farm Business Management Association (SWMFBMA) is a membership-led organization of farms throughout southwestern Minnesota. The focus is entirely on improving members' farm financial management skills, knowledge and success.
Association members pay a fee for individualized farm-management assistance and access to educational opportunities throughout the year. Association field staff directly train members to improve record keeping and provide in-depth financial and profitability analysis of farms.
Members receive confidential, individualized benchmarking reports that allow them to compare the performance of their own farm to other member farms. These reports allow members to capitalize on their strengths and address weaknesses to be more profitable and improve financial position.
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.