Opportunity Information: Apply for USDA NIFA FBMB 010313
The Farm Business Management and Benchmarking (FBMB) Competitive Grants Program is a discretionary grant opportunity run by the U.S. Department of Agriculture's National Institute of Food and Agriculture (USDA NIFA). Its core purpose is to strengthen the business and financial management capabilities of agricultural producers by supporting the maintenance and expansion of a national, publicly available farm financial management database. In practical terms, the program is designed to improve how producers and the organizations that serve them use real-world financial and operational data for benchmarking, decision-making, and overall farm business planning, with the broader goal of better farm management outcomes across the sector.
The program is focused less on direct on-farm infrastructure and more on the systems, tools, and data resources that help producers understand financial performance. By funding projects that grow and improve a national farm finance dataset, FBMB supports benchmarking efforts where producers can compare their costs, revenues, profitability, and other financial metrics against relevant peer groups. The emphasis on a publicly available database signals that NIFA is aiming for broad public benefit: the resulting data resource is meant to be accessible and useful beyond a single institution or region, supporting widespread learning, extension, and applied analysis tied to farm financial management.
Eligibility is intentionally broad, but applicants still have to meet the specific requirements laid out in the program's Request for Applications (RFA) by the application deadline; missing eligibility elements can lead to an application being excluded or make an award impossible. Under 7 U.S.C. 3157(b)(7), eligible applicants include state agricultural experiment stations, colleges and universities, university research foundations, other research institutions and organizations, federal agencies, national laboratories, private organizations or corporations, and individuals. The program also allows applications from partnerships or coalitions consisting of two or more of those eligible entity types, which encourages multi-organization efforts that can combine technical capacity, producer networks, and data expertise. Even though some entities may not be eligible to apply on their own, award recipients are allowed to subcontract with ineligible organizations as long as those partners are necessary to carry out the project work.
Key opportunity details include the funding opportunity title "Farm Business Management and Benchmarking Competitive Grants Program" and funding opportunity number USDA NIFA FBMB 010313. The assistance is offered as a grant under the agriculture funding activity category and is associated with CFDA number 10.319. The agency listing identifies "Others" as eligible applicants, consistent with the expansive eligibility language in the authorizing statute and the RFA. The original closing date for applications was February 7, 2024, and the opportunity information shows an award ceiling of $500,000 with an expectation of about five awards. The opportunity record lists a creation date of December 11, 2023, indicating when the notice was posted or formally established in the system.
Overall, FBMB is best understood as a competitive grant program aimed at building and improving shared national capacity for farm financial benchmarking. Successful projects would be expected to contribute to a stronger and more usable public farm financial management database and, through that database, improve the financial management knowledge, skills, and decision support available to agricultural producers and the professionals who advise them.Apply for USDA NIFA FBMB 010313
- The National Institute of Food and Agriculture in the agriculture sector is offering a public funding opportunity titled "Farm Business Management and Benchmarking Competitive Grants Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 10.319.
- This funding opportunity was created on 2023-12-11.
- Applicants must submit their applications by 2024-02-07. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $500,000.00 in funding.
- The number of recipients for this funding is limited to 5 candidate(s).
- Eligible applicants include: Others.
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