Featured Publications
2017 FINBIN Report on MN Farm Finances
Crop Rental Rates for MN Counties
Farm Financial Scorecard
Prevented Planting Resources
Farm Management Publications
- Cropland Rental Rates for Minnesota Counties (Jul 18)
- 2017 FINBIN Report on Minnesota Farm Finances (April 18)
- Machinery Cost Estimates (May 18)
- 2016 FINBIN Report on Minnesota Farm Finances (May 17)
- FINPACK Livestock Budget Estimates (Jul 16)
- Minnesota Price and Cost Summary (Jul 16)
- 2015 FINBIN Report on Minnesota Farm Finances (Apr 16)
- 2016 Ag Income Tax Update for Farm Families (Feb 16)
- 2015 Depreciation and Accelerated Depreciation in Minnesota (Feb 16)
- 2016 Federal Crop Insurance Dates, Definitions & Provisions for Minnesota Crops(Feb 16)
- Farm Finance Scorecard (revised Oct 14)
- Prevented Planting: Crop Insurance Options & Insurance Indemnity Payment Tax Considerations (Jun 14)
- Minnesota Specialty Crop Report (Oct 13)
- 2012 Organic Farm Performance in Minnesota (Aug 13)
- Transferring the Farm Series (updated Jul 13)
- Estate Planning Series (updated Jul 13)
- Financial Management Series (updated Jul 13)
- Income Statement and Financial Ratio Worksheet (Excel spreadsheet) (Mar 13)
- 2013 Iowa Farm Custom Rate Survey (2013)
- Self-Assessment Tool for Organic Farmers (Oct 12)
Farm Business Management Annual Reports
- 2017 Annual Report Southwestern Minnesota Farm Business Management Association
- 2016 Annual Report Southwestern Minnesota Farm Business Management Association
- 2015 Annual Report Southwestern Minnesota Farm Business Management Association
- Generate Your Own Farm Management Report With FINBIN
- 2014 Annual Report Southwestern Minnesota Farm Business Management Association
- 2012 Organic Farm Performance in Minnesota Minnesota Department of Agriculture
- Minnesota Specialty Crops: An Analysis of Profitability & Perfomance 2009-2012Minnesota Department of Agriculture
- 2011 Organic Farm Performance in Minnesota Minnesota Department of Agriculture
- 2010 Organic Farm Performance in Minnesota Minnesota Department of Agriculture
- 2009 Annual Farm Business Management Reports Minnesota State Colleges and Universities
- Minnesota Annual Reports from Previous Years
- Illinois Farm Business Farm Management Association Annual Reports
- North Dakota Annual Reports by North Dakota State University Extension Service-Farm Business Management
- Kansas Annual Reports by Kansas State Research and Extension
- Nebraska Annual Reports by Nebraska Farm Business, Inc.
- Missouri Annual Reports by University of Missouri-Columbia FBMA
Business Planning Training Materials
Train-The-Trainer
Powerpoint presentations to educate Trainers on Business Planning
- Intro.ppt (1.6 MB)
- Professional Version video discussion.ppt (88 KB)
- Strategic plan.ppt (208 KB)
- Operations plan.ppt (164 KB)
- Marketing plan.ppt (96 KB)
- Personnel plan.ppt (108 KB)
- Financial plan.ppt (112 KB)
- Wrap up.ppt (92 KB)
Producers
Powerpoint presentations to train Producers on Business Planning
- Instructions.doc Description of materials (24 KB)
- Into.ppt (1.6 MB)
- Video discussion.ppt (124 KB)
- Strategic plan.ppt (94 KB)
- Operations plan.ppt (90 KB)
- Marketing plan.ppt (102 KB)
- Personnel plan.ppt (131 KB)
- Financial plan.ppt (122 KB)
- Wrap up.ppt (92 KB)
Video Interview
Video interview with a family that constructed and implemented a Business Plan
FINPACK Knowledge Base
Resources
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- Handling CCC Loan as Income in Sch F Cash to Accrual
The Schedule F Cash to Accrual Analysis treats CCC loans as money borrowed in the year received. If the loan is reported as income for tax purposes, the analysis may show a cash discrepancy depending on how the tax preparer completes the Schedule F form. This document outlines some tips of how to track this down.
- Handling CCC Loan as Income in Sch F Cash to Accrual
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- Sleuthing Cash Discrepancies
There are often tricky situations where a year end analysis will not balance when it comes to cash in and cash out. Whether you are using the Schedule F Cash to Accrual Analysis or the Financial Analysis (FINAN) there are some common culprits to track down cash discrepancies.
- Sleuthing Cash Discrepancies
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- FINPACK Projection Tool Choices
“Which projection tool should I use?”
- FINPACK Projection Tool Choices
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- Farm Finance Scorecard
Guidelines for the Farm Financial Standards Council’s recommended financial ratios and measures.
- Farm Finance Scorecard
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- FINPACK Livestock Budget Estimates
These budgets are intended to provide guidelines for developing FINPACK livestock plans. They are based on the actual costs and returns of Minnesota farm producers included in the FINBIN Farm Financial Database.
- FINPACK Livestock Budget Estimates
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- Minnesota Price & Cost Summary
These prices and costs are suggested as guides for planning based on historical cost and returns for Minnesota farms included in the FINBIN Farm Financial Database.
- Minnesota Price & Cost Summary
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- FINPACK Labor Hour Estimates
FINFLO calculates Cost of Production Estimates for crop and livestock enterprises. These calculations rely on labor hours in the budgets. This document summarizes labor hours for several crop and livestock enterprises from FINBIN which can be used in the budgets.
- FINPACK Labor Hour Estimates
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- Tax Impact on Debt Coverage (agriculture files)
This paper discusses how to handle income taxes payable so the calculation for term debt coverage includes accrual income taxes rather than income taxes paid.
- Tax Impact on Debt Coverage (agriculture files)
Features
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- FINPACK Shortcut Icons
Quick explanation of the toolbar icons
- FINPACK Shortcut Icons
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- Consolidating Balance Sheets
FINPACK allows users to consolidate the balance sheets or tax forms from several different data files into a consolidated file.
- Consolidating Balance Sheets
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- Importing Data from Another FINPACK File
FINPACK allows users to import data from a different FINPACK data file into their current file. This feature allows the receiving file to add or import new data, without overwriting the remaining contents of the file.
- Importing Data from Another FINPACK File
Input Forms
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- Schedule F Analysis Input Form
This is a blank input form for the Schedule F Cash to Accrual analysis to help collect information that is not found on the tax form.
- Schedule F Analysis Input Form
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- Balance Sheet Input Form (agriculture)
This is a blank input form to help collect information for the FINPACK agriculture balance sheet.
- Balance Sheet Input Form (agriculture)
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- Balance Sheet Instructions (agriculture)
This is a set of instructions to help collect information for the FINPACK agriculture balance sheet.
- Balance Sheet Instructions (agriculture)
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- Balance Sheet Input Form (commercial)
This is a blank input form to help collect information for the FINPACK commercial balance sheet.
- Balance Sheet Input Form (commercial)
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- Balance Sheet Instructions (commercial)
This is a set of instructions to help collect information for the FINPACK commercial balance sheet.
- Balance Sheet Instructions (commercial)
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- Crop Budgets Input Form
This is a blank input form to help collect information for crop budgets for a FINFLO monthly cash flow plan.
- Crop Budgets Input Form
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- Livestock Budgets Input Form
This is a blank input form to help collect information for livestock budgets for a FINFLO monthly cash flow plan.
- Livestock Budgets Input Form
Setup & Deployment
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- FINPACK Vault documentation
These are instructions to configure the FINPACK Vault for use by farm business management instructors.
- FINPACK Vault documentation
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- FINPACK QuickBooks Interface setup
These are instructions to install the QuickBooks driver required for the FINPACK QuickBooks Interface, plus settings within QuickBooks to allow FINPACK access.
- FINPACK QuickBooks Interface setup
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- Configuring FINPACK User Roles
In the Lender version of FINPACK, different user roles can be configured. The main distinction is users in the Analyst role can lock and unlock individual items in a data file. This document describes how to configure these roles within FINPACK.
- Configuring FINPACK User Roles
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- FINPACK Deployment Options for Lenders
This paper describes the different options and best practices for FINPACK deployment options.
- FINPACK Deployment Options for Lenders