By Jerrold Tesmer
Extension Educator, Fillmore & Houston Counties
While preparing for the recent Land Rent Workshops, I stumbled across a list of useful Ag Business Management websites that Regional Extension Educator Gary Hachfeld and I prepared many years ago. I checked out those sites to see if they were still working and added a couple that are useful. Anyone with internet access might find them useful. These sites are in no particular priority.
A great place to start is the University of Minnesota Center for Farm Financial Management: www.cffm.umn.edu. At that site you can access FINBIN data. FINBIN is the largest and most accessible source of farm financial and production benchmark information in the world.
Other useful items under the Center for Farm Financial Management site include, The Ag Risk Education Library that organizes thousands of risk management materials which help producers and agricultural professionals quickly locate information, tools, and assistance on specific risk management topics; AgTransitions helps farmers and ranchers develop a plan to transition their business to the next generation; Grain Marketing where Ed Usset attempts to separate the wheat from the chaff in the often confusing world of grain marketing.
Value of Farm Land: Land Economics Web site at www.landeconomics.umn.edu. This is a site is prepared by Steve Taff, University of Minnesota. Over the years, I have shared it with a number of realtors. The site includes Farmland sales, Timberland sales, Land values, soils data, RIM easements, CRP contracts, and Property tax assessments.
I have also found three very useful publications from Iowa State University, "2012 Iowa Farm Custom Rate Survey", "Estimated Costs of Crop Production in Iowa - 2012", and the "Livestock Enterprise Budgets for Iowa - 2012". They can be accessed at: www.extension.iastate.edu/agdm.
The final source I will mention is the National Agricultural Statistics Service (NASS). USDA, NASS has a wealth of data at www.nass.usda.gov or strictly Minnesota data at www.nass.usda.gov/mn/.