Net farm income of participants in the North Dakota Farm Business Management Education Program increased with years of enrollment both in absolute terms and compared to peer group benchmarks. Median net farm income increased $7,829 and $14,191 between the first and fifth year of enrollment for all farms in the program and a subset of farms with five consecutive years of records starting with the first year of enrollment, respectively. Net farm income by year of program participation was compared to a benchmark median net farm income for the same geographic region, calendar year, and farm type in an attempt to isolate the affects of management from weather and other exogenous factors. Net farm income as a percent of benchmark increased 17.5 percentage points from first year participation farms to fifth year farms and 28 percentage points for farms for which there were five consecutive years of records starting with the first year of enrollment. Increased net farm income for both groups was accompanied by improved efficiency, increased farm size, and greater net worth. Note: Figures 1 is not included in the machine readable copy--contact the authors for more information.