Wouldn’t it be handy to know how your neighbor seems to keep growing their farm or ranch every year? Or to know exactly how your cost of production compares to others around you? While we may not usually have access to those details, there are resources available to help benchmark your own operation against similar ones, which can help you make better decisions and keep a better hold on your business trajectory. 

Glennis McClure, an extension educator and farm and ranch management analyst based in the Department of Agricultural Economics at UNL, explains.

Read more: https://cap.unl.edu/finance/benchmarking-%E2%80%93-what-can-we-learn-others.