2018 National School for Experienced Ag Bankers

2018 National School for Experienced Ag BankersThe FINPACK team wants to alert you to an outstanding educational opportunity – the 2018 National School for Experienced Ag Bankers, being held June 25 – 29 at Black Hills State University in Spearfish, SD. CFFM has had a long relationship with this school, our staff is as part of the teaching team, along with a talented group of seasoned ag bankers.

Who Should Attend?

The National School for Experienced Ag Bankers targets experienced ag bankers who desire to further strengthen their knowledge and skills to deal with growing complexity of today’s agricultural credit environment. It also provides an outstanding venue to network with bankers from across the country who bring their unique experiences and perspectives.  Multiple case farm examples provide attendees a chance to practice their skills in evaluating problem credits, multiple entity situations, and advanced analytical methods. 

The location is great too, in the heart of the Black Hills. We think this is an outstanding chance to sharpen your skills in a great environment. Click here to learn more.

Save the Date! FINPACK Lender’s Conference 2018

Mark your calendar for the 2018 FINPACK Lender’s Conference.  This year’s event will be held on December 11 and 12 at the Radisson Blu Mall of America in Bloomington, Minnesota. 

Conference Details

The full conference agenda and registration details will be released closer to the event.  We will have a great program planned, like previous conferences.  Dr. David Kohl is a confirmed presenter at this time. 

We look forward to having you join us for this annual event!

All info about the 2018 FINPACK Lenders Conference will be available at http://finpack.umn.edu/finpack-conference/

Using FINPACK Lite to Collect Customer Balance Sheets

To complete a credit analysis on a current or prospective borrower, an accurate balance sheet is crucial.  Actually getting balance sheet information from a customer is even more crucial.  Having a streamlined way to get balance sheets saves both the bank and the borrower time.  FINPACK Lite, a free balance sheet only version of FINPACK available to bank customers, makes collecting balance sheets easier.  As a Lender with FINPACK, you have the rights to distribute FINPACK Lite to your customers.

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Why Do Accrual Adjustments Matter?

Why Accrual credit analysis, FINPACK AgricultureCash is king! Every business needs cash to meet its financial obligations. But how much cash a farm generates is not a very good indicator of how the business is performing.  One of the main reasons is cash basis taxation. The right to file taxes based on cash rather than accrual income gives farms tremendous flexibility to manage taxable income. The result is that very high performing farms and farms that are struggling financially often have similar bottom lines on their Schedule F’s. [Read more…]


Press the F1 Key for Help in FINPACKWe know users sometimes have questions as they work in FINPACK.  Help is readily available and easily accessible wherever you are at in FINPACK.  Access Help by:


  • F1 – pressing F1 in FINPACK will take you directly to the related Help topic. This can be done in data entry or when using preview in financial tools. 

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The Value of a Cost Balance Sheet

Cost balance sheets value assets at purchase price less accumulated depreciation.  This accumulated depreciation can be done using tax or management depreciation methods. Management depreciation differs from tax depreciation by using the economic or useful life of the asset for depreciation calculations.

Using cost balance sheets allow lenders to better monitor the financial performance of the business over time.  With cost balance sheets, net worth growth comes from business retained earnings.  Cost value balance sheets do not have market valuation changes affecting the net worth of the business.  Hence true business performance is measured by the cost balance sheet.

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Handling Trades on the Balance Sheet

Trading machinery and equipment is common for all types of businesses.  The Fall 2017 FINPACK update allows more streamlined data entry of capital purchases, sales, and trades within FINPACK.  By entering extra detail on the FINPACK balance sheet, you can bring the details of these capital transactions into other FINPACK analysis tools, like Schedule F Cash to Accrual and Earned Net Worth Analysis.

On the balance sheet, data entry fields have been added to allow for the entry of purchase price, year sold, and sale price for machinery and equipment; titled vehicles; buildings and improvements; and land.  Purchases or sales of capital assets has very straightforward data entry.  Data entry for a trade should include:

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Learn About the 2017-2018 FINPACK Update

The FINPACK Team is offering online videos and webinars for you and your team to learn about the updates to FINPACK released this past November.  These updates include the new cash flow projection tools and the addition of capital purchases and sales information in the balance sheets.  Details of these updates are found in the video below.

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Cash Flow Projections – Which Projection Tool?

FINPACK - Which Projection Tool Should I Choose?FINPACK now offers 3 types of cash flow projections:  Annual Plan, Monthly Plan, and Monthly Plan with Budgets.  All three tools provide pro forma statements; debt coverage and other ratios; and the ability to complete multi-year plans.  Choosing the projection tool to use depends on the situation.  

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Where Did My Old Cash Flows Go?

Where did my old cash flows go?The 2017 update of FINPACK includes significant changes to cash flow projections.  FINPACK now has a section for Legacy Projections and Projections.  So, what is the difference and where did my old cash flows go?

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