There is increasing pressure from the consumer for transparency in production agriculture. Sharing data on sustainable, environmentally friendly practices that are currently in use is a benefit to the industry. Stakeholders are interested in partnering on projects that address these practices. In Minnesota, for the past 2 years, the Department of Agriculture has partnered with MN FBM to prepare a report entitled “influence of intensified Environmental Practices on Farm Profitability”. MN Water Quality certified farms are the cohort for this report and data has shown financial benefits to being certified. It is important to remember, however, that all findings gain value when one digs deeper into the data to identify and recognize additional influences to the initial results. This workshop will explain the results from the newest MN report and how the view of the data changed with the “deeper dig” and how that trend data has added value. Finally, we will give a brief overview of related environmental metrics projects that are partnering with FBM to determine the impact of various practices on the bottom line.
|Conference||2022 National Farm Business Management Conference|
|Presentation Type||Concurrent Session|