No Accountant? Collaborate with our team. 

Regardless of whether you're a pen and paper kind of person or utilize electronic spreadsheets, we can assist in developing, submitting, and utilizing your financial records for benchmarking through this program.

**Producers decide the extent of financial data they want to include for analysis.

 

Assistance with Developing Financial Statements

We offer 3 avenues for support.

1. Financial templates from the FINPACK Knowledge Base created by The Center for Farm Financial Management at the University of Minnesota are linked below. These may assist in determining how to build your own financial statements. NMSU faculty can assist with using these forms. 

 https://www.cffm.umn.edu/finpackkb/input-forms/

 

2. The NM-FARM team offers assistance through scheduled workshops and meetings.

       Meet Our Team and Explore Upcoming Events

 

3. Join a local Annies Project Group as a complimentary program to the NM-FARM program.

       Read More about Annie's Project.

 

After Financial Statements Are Complete 

Include:

• A signed copy of the Permission Form for NMSU Assisted Submission to Benchmark

 

• 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.

 

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

 

FINPACK Livestock Budgets Input Form

FINPACK Crop Budgets Input Form

 

• Prepay Adjustments Input Form (Necessary to make tax information consistent with benchmarking program)

 

Prepay Adjustments Input Form

 

Financial statements and the above listed documents are to be submitted directly to the NM-FARM team to allow for submission into FINPACK by our team.

Please compile all forms into a folder and submit through email at nmfarm@nmsu.edu. 

Contact Our Team with any questions.