Opportunity Information: Apply for USDA NIFA FBMB 007854
The Farm Business Management and Benchmarking (FBMB) Competitive Grants Program is a discretionary grant opportunity run by the USDA National Institute of Food and Agriculture (NIFA) under CFDA 10.319. Its main purpose is to strengthen the farm management knowledge and decision-making skills of agricultural producers by supporting the maintenance and expansion of a national, publicly available farm financial management database. In practical terms, the program is aimed at improving how farmers and ranchers understand their business performance by collecting, standardizing, and benchmarking financial and management data so producers, educators, and advisors can compare results across farms, regions, and production types and use those insights to make better management decisions.
A central feature of the program is the emphasis on a national benchmarking resource that is accessible to the public. Funding is intended to ensure that a robust farm financial management database exists, stays current, grows in coverage, and remains useful for real-world farm business management. Projects supported by FBMB typically align with efforts that make farm-level financial data more usable for education and decision support, such as improving data quality, expanding participation, enhancing analytic tools, or strengthening the systems that allow benchmarking and reporting in a way that producers and service providers can actually apply.
Eligibility is broad, but applicants must meet all requirements described in the Request for Applications (RFA) by the deadline; failing to meet eligibility criteria can lead to removal from consideration or prevent NIFA from issuing an award. 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. Applications may also be submitted by groups made up of two or more of the eligible entity types, which allows for partnerships and multi-organization collaborations.
Key administrative details from the opportunity listing include the funding opportunity title "Farm Business Management and Benchmarking," the opportunity number "USDA NIFA FBMB 007854," and a grant funding instrument type. The original closing date listed is 2021-04-08, and the award ceiling is $500,000. The opportunity was created on 2020-10-15, and it is categorized under Agriculture as the funding activity area. For applicants who are newer to federal assistance, NIFA points to its Grants Overview as a recommended starting resource to better understand how federal awards work and what to expect during the application and compliance process.Apply for USDA NIFA FBMB 007854
- The National Institute of Food and Agriculture in the agriculture sector is offering a public funding opportunity titled "Farm Business Management and Benchmarking" 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 2020-10-15.
- Applicants must submit their applications by 2021-04-08. (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.
- Eligible applicants include: Others.
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Farm Business Management and Benchmarking (FBMB) Competitive Grants Program FAQs
1) What is the Farm Business Management and Benchmarking (FBMB) Competitive Grants Program?
The Farm Business Management and Benchmarking (FBMB) Competitive Grants Program is a discretionary grant opportunity administered by the USDA National Institute of Food and Agriculture (NIFA) under CFDA 10.319. The program supports projects that strengthen farm management knowledge and decision-making by maintaining and expanding a national, publicly available farm financial management database used for benchmarking.
2) Which federal agency runs this grant program?
The program is run by the USDA National Institute of Food and Agriculture (NIFA).
3) What is the main purpose of the FBMB program?
The main purpose is to improve agricultural producers' management knowledge and decision-making skills by supporting a national farm financial management database. The program focuses on collecting, standardizing, and benchmarking financial and management data so farm businesses and the professionals who support them can compare performance across farms, regions, and production types and apply those insights to management decisions.
4) What does "benchmarking" mean in the context of this program?
In this program, benchmarking refers to using standardized farm financial and management data to compare results across different farms, regions, and production types. The goal is to help producers, educators, and advisors evaluate business performance and identify areas for improvement based on credible comparisons.
5) What types of activities or projects does FBMB typically fund?
FBMB-funded projects typically align with efforts that make farm-level financial data more usable for education and decision support. Examples described in the opportunity include improving data quality, expanding participation, enhancing analytic tools, and strengthening systems that support benchmarking and reporting that producers and service providers can actually apply.
6) What is the "central feature" emphasized by the FBMB program?
A central feature is the emphasis on a national benchmarking resource that is publicly available. The funding is intended to ensure the resource exists, stays current, grows in coverage, and remains useful for real-world farm business management.
7) Who benefits from the farm financial management database supported by this program?
The opportunity describes benefits for agricultural producers (farmers and ranchers), as well as educators and advisors who help producers interpret and apply farm financial and management information.
8) Is the benchmarking resource required to be publicly available?
Yes. The opportunity specifically emphasizes a national benchmarking resource that is accessible to the public.
9) What is the CFDA number for this program?
The program is listed under CFDA 10.319.
10) What is the funding opportunity title and number?
The funding opportunity title is "Farm Business Management and Benchmarking," and the opportunity number is "USDA NIFA FBMB 007854."
11) What type of funding instrument is used?
The listing indicates a grant funding instrument type.
12) What is the award ceiling (maximum award amount) for this opportunity?
The award ceiling listed for the opportunity is $500,000.
13) What is the closing date shown for the opportunity?
The original closing date listed is 2021-04-08.
14) When was this opportunity created?
The opportunity was created on 2020-10-15.
15) What is the funding activity area/category for this opportunity?
The opportunity is categorized under Agriculture as the funding activity area.
16) Who is eligible to apply?
Eligibility is broad, but applicants must meet all requirements described in the Request for Applications (RFA) by the deadline. 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.
17) Can multiple organizations apply together as a partnership or group?
Yes. Applications may be submitted by groups made up of two or more eligible entity types, allowing for partnerships and multi-organization collaborations.
18) What happens if an applicant does not meet the eligibility requirements?
The opportunity states that failing to meet eligibility criteria can lead to removal from consideration or prevent NIFA from issuing an award.
19) Where are the detailed requirements and rules for applying described?
The opportunity notes that applicants must meet all requirements described in the Request for Applications (RFA) by the deadline. The RFA is the governing document for eligibility and application requirements.
20) What resource does NIFA recommend for applicants who are newer to federal grants?
NIFA points new applicants to its Grants Overview as a recommended starting resource to better understand how federal awards work and what to expect during the application and compliance process.
21) What is the program ultimately trying to improve for farmers and ranchers?
The program aims to improve how farmers and ranchers understand their business performance by supporting the collection, standardization, and benchmarking of farm financial and management data, enabling better comparisons and more informed management decisions.
22) Why does the program focus on keeping the database "current" and expanding its "coverage"?
The listing explains that funding is intended to ensure the national farm financial management database stays current, grows in coverage, and remains useful for real-world farm business management. This supports benchmarking across farms, regions, and production types in a way that remains relevant and broadly applicable.
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