Producers currently working with an accountant for their farm or ranch can provide permission to their accountant to submit data on their behalf.

If your relationship is primarily focused on tax accounting, there may be some additional information necessary for the NM-FARM Program. 

**Farmers and ranchers decide the extent of financial data they want to include for analysis.

1. First, grant permission directly to your accountant using the Producer Permission Form to Accountants to allow for anonymous submission of data on your behalf. 

Producer Permission Form to Accountants

2. Provide relevant FINPACK Budgets Input Forms: Benchmarking is reported on a per-unit basis. For example, livestock expenses are reported per head, crop expenses are reported per-acre. These forms allow expenses reported for tax purposses to be utilized for the benchmarking program. 

The Budgets Input Forms linked below are from the FINPACK Knowledge Base created by The Center for Farm Financial Management at the University of Minnesota. 

FINPACK Livestock Budgets Input Form

FINPACK Crop Budgets Input Form

3. Provide the Prepay Adjustments Input Form (Necessary to make tax information consistent with benchmarking program)

Prepay Adjustments Input Form

4. Provide all relevant New Mexico Farm Attributes Checklists that apply to your type of enterprise. (Checklists are used for organizing types of production enterprises and sorting search criteria in FINBIN)

New Mexico Farm Attributes Checklists

New Mexico Farm Attributes Checklist_NM Specific Programs 

Additionally, complete all listed checklists specific to your production type.

Submit all required documents directly to your accountant.

Accountants will submit data and supplemental forms anonymously, with only client id, county, and production type identified.

Privacy

To protect producers who submit their data to the database, a minimum number of farms is set in order for a report to generate results. 

• Whole Farm reports need a minimum of 10 records.
• Crop and livestock summary reports requires 5 records.