FINPACK in depth

Want to know more? Here are some additional details about FINPACK software.

FINPACK is the most recognized name in agricultural software. It will help you evaluate a farm's financial position, explore alternatives, and make informed business decisions. Producers, lender, educators, and agricultural professionals world-wide have made FINPACK their tool of choice for farm planning and credit analysis.

FINPACK tools

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Product Info Overview System requirements

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With FINPACK you will quickly and easily develop

• Balance Sheets
• Business Analysis—FINAN
• Monthly Cash Flow Plans—FINFLO
• Annual Cash Flow Plans—Annual Plan
• Long Range "What if?" Plans—FINLRB
• Historic Trend Reports

FINPACK's Balance Sheet allows assets to be valued at cost, market or both. Print balance sheets with or without detailed schedules. Funnel data directly into your plans and analysis.

FINAN takes an in-depth look at a farm's financial strengths and weaknesses. Develop accrual income , cash flow, and owner's equity statements. Measure the operation's profitability, liquidity, solvency, and efficiency. Use the optional enterprise analaysis to examine each crop and livestock enterprise and their contribution to the operation's profitability.

FINFLO projects cash flows for the coming year or for several years. Project monthly revenue, expense, debt repayment and operating credit requirements. Develop pro-forma balance sheets and income statements.

The Annual Plan projects a sing year cash flow in an annual format. It can be used in lieu of FINFLO for those plans that do not require a monthly cash flow projection.

FINLRB, FINPACK's "What if" too, helps you strategically position the operation to meet tomorrow's challenges. Use it compare the financial feasibility of alternative farm plans, side by side.

FINPACK's Historic Database allows you to create customized historical reports for the farm. Evaluate financial and production trends, spread balance sheets, and document livestock and crop performance.

Sample Output

FINLRB Profitability Measures

PROFITABILITY MEASURES (Market)                   Base Plan    Alt. 1    Alt. 2

    Net farm income                           (D)    43,387    54,918    64,842
    Labor & management earnings             (D-E)     1,177    13,728    23,063
    Rate of return on farm assets           (H/I)     3.1 %     4.6 %     5.3 %
    Rate of return on farm equity           (J/K)     2.0 %     3.1 %     4.4 %
    Rate of return on added investment      (L/M)              14.1 %    15.5 %
    Operating profit margin                 (H/N)    16.1 %    20.7 %    23.7 %
    Asset turnover                          (N/I)    19.4 %    22.5 %    22.3 %

(E) Interest on farm net worth            (K* 6%)    42,210    41,190    41,779
(F) Farm interest paid                               25,345    44,688    49,018
(G) Value operators labor & mgt                      29,617    33,500    34,281
(H) Return on farm assets                 (D+F-G)    39,115    66,106    79,579
(I) Total farm assets                             1,250,345 1,425,345 1,504,595
(J) Return on farm equity                   (D-G)    13,770    21,418    30,561
(K) Total farm net worth                            703,503   686,503   696,313
(L) Added return to added investment                           26,991    40,463

(M) Added capital invested                                    192,OOO   261,440	

(N) Value of farm production                        242,342   319,996   335,624

Annual Operating Loan Section of FINFLO (Partial Year)

ANNUAL OPERATING LOAN TRANSACTIONS & BALANCES

                 Jun      Jul      Aug      Sep      Oct      Nov      Dec     Total
Beg AO bal      23158    36460    41008    62948    65239    43618    20483    23158
AO borrowing    36460     4548    21939     2291       -        -     15510    80749
AO int. pay        -        -        -        -      1585      336      158     2534
AO prin. pay       -        -        -        -     21620    23135       -     67913

End AO bal.     36460    41008    62948    65239    43618    20483    35994    35994
Accrued int.       -       281      597     1082       -        -        -        - 
End cash bal     1000     1000     1000     1000     1000     1000     1000     1000

FINAN Farm Financial Guidelines Ratios

	FINANCIAL STANDARDS MEASURES                                           
                                                                           
    LIQUIDITY                                Begin       End               
    Current ratio                             2.93       2.30              
	Working capital                        109,585    104,294
                                                                           
	SOLVENCY (Market)                        Begin       End               
	Farm debt to asset ratio                  43 %       53 %              
	Farm equity to asset ratio                57 %       47 %              
	Farm debt to equity ratio                 76 %      115 %              

	PROFITABILITY                            Cost      Market              
	Rate of return on farm asset             7.7 %      3.7 %              
	Rate of return on farm equity            5.9 %      1.2 %              
	Operating profit margin                 24.9 %     16.7 %              
	Net farm income                         63,542     38,284              

	REPAYMENT CAPACITY                       Cash     Accrual              
	Term debt coverage ratio                 145 %      188 %              
	Capital replacement margin              21,185     40,990              
                                                                           
	EFFICIENCY                                                             
	Asset turnover rate (market)                       22.5 %              
	Operating expense ratio                            61.9 %              
	Depreciation expense ratio                          9.6 %              
	Interest expense ratio                             11.5 %              
    Net farm income ratio                              17.0 %