KFBM Member Benefits
Members receive information and assistance with what many consider the most difficult part of farming -- management.
Some of these benefits include:
- Use of a detailed farm record keeping system designed to help with farm management decision-making.
- Counsel with a trained specialist to develop business and family priorities, compare costs and returns, and examine alternative plans for management of the farm business.
- Computerized economic analysis of the farm business, including financial statements, cost and return analysis, crop and livestock enterprise analysis and comparative benchmarking with similar size and type of farm business.
- Information to use with lenders and tax professionals, including balance sheets, accrual income statements, depreciation schedules, and completed farm income tax forms.
- Personal contact with an area specialist in farm management through on-farm visits, phone calls, newsletters, and office visits.
The University of Kentucky and member farmers share in the cost of the KFBM Program. The local board of directors determine membership dues and other fees according to their cost structure.