LINCOLN, NEB. – Nebraska Farm Bureau (NEFB) understands that the business of food production has tight margins and farmers and ranchers need the best tools available to help them understand their costs, make sound financial decisions, and rise above their competition. This is why the Nebraska Farm Bureau is proud to announce a groundbreaking partnership aimed at empowering its farmer and rancher members with cutting-edge tools for comprehensive farm analysis.
“This strategic move underscores Nebraska Farm Bureau’s unwavering commitment to supporting agricultural farm and ranch families in navigating the ever-evolving landscape of modern farming,” said Nebraska Farm Bureau President Mark McHargue. “In recognition of the challenges faced by farmers and ranchers, Farm Bureau has partnered with Nebraska Farm Business Inc. to provide a 10 percent discount on their farm analysis service, which would be a savings of around $200 per member. Indirectly, farm and ranch operations using this service could add on average $20,000 per year on their bottom line.”
The Nebraska Farm Business Inc. farm analysis tool offers an all-inclusive approach, providing valuable insights into crop and livestock management, resource utilization, and financial planning.
“We are excited to partner with Nebraska Farm Bureau in this venture. The Farm Financial Analysis reviews cash basis records and converts them to accrual basis to give true financial health for your farm operation. Nebraska Farm Business, Inc., can benchmark a farm/ranch operation to other producers of similar size, age, and type of production agriculture. The Farm Financial Analysis helps a farmer or rancher understand their costs and make sound financial decisions to make the operation better,” said Tina Barrett, director/farm financial consultant for Nebraska Farm Business Inc. “Most importantly, this program will help farmers and ranchers communicate their financial situation to family members, financial lenders, and other partners in their business.”
Nebraska Farm Bureau and Nebraska Farm Business Inc. advocate for the use of a farm analysis tool to allow lenders to be more comfortable that the data provided for a farm/ranch is complete and accurate. The data is well organized and formatted for easy use and fast analysis. Best of all, it helps educate the farmer and rancher on his/her financial performance. Yielding success through financial management could easily yield $10,000 to $20,000 per year for the average farm operation.
“We understand the dynamic nature of agriculture and the vital role technology plays in modern farming. By providing our members with advanced farm analysis tools that include bench marketing your farm or ranch with others in the Midwest, members can build a strong family farm legacy and look to the future of their agriculture business,” McHargue said.
This initiative aligns with Nebraska Farm Bureau’s mission to advocate for and to offer new services for farmers and ranchers, to continue to build a bright future for Nebraska agriculture. . Nebraska Farm Bureau members are encouraged to explore and leverage this new member benefit to maximize productivity, mitigate risks, and achieve long-term success in their operations. Go to www.nefb.org to learn more.
The Nebraska Farm Bureau is a grassroots, state-wide organization dedicated to supporting farm and ranch families and working for the benefit of all Nebraskans through a wide variety of educational, service, and advocacy efforts. More than 55,000 families across Nebraska are Farm Bureau members, working together to achieve rural and urban prosperity as agriculture is a key fuel to Nebraska’s economy. For more information about Nebraska Farm Bureau and agriculture, visit www.nefb.org.