The Center for Farm Financial Management (CFFM) is once again offering FINPACK Training for agricultural and commercial lenders. This session will take place on May 6-7, 2020.
[Read more…]Capital Purchases & Sales – How to enter them efficiently throughout FINPACK
February 20, 2020 by
Gathering as much detailed information on the FINPACK balance sheet aids in data transfer throughout the FINPACK software. Annual capital asset transactions are no different. Entering capital asset purchase and sales information on the balance sheet allows for efficient and accurate data transfer to the FINPACK Financial Analysis tools. This includes Schedule F Cash to Accrual, Earned Net Worth Analysis, and the FINPACK Financial Analysis tool (FINAN). Let’s take a closer look at how this works.
[Read more…]Top 5 Cash Discrepancy Culprits
February 17, 2020 by
There are always tricky situations that leave you scratching your head on how to get a customer’s year-end analysis balanced 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 in these tools.
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The Credit Card Dilemma
February 10, 2020 by
A common question the FINPACK team receives is, “What is the best way to enter credit card balances on the balance sheet?” Like many things in the financial world, it depends on the customer situation. Walking through the different scenarios will help determine how to enter credit card balances into the FINPACK balance sheet. [Read more…]
Spreadsheets vs. Software
February 8, 2020 by
Are you still using spreadsheets to complete the annual credit analysis on your customers? Do your spreadsheets provide you the best information on a customer’s financial position? Have your spreadsheets left you with questions related to your bank’s true risk? If so, FINPACK Credit Analysis Solutions software is the tool you’ve been looking for! [Read more…]
Which financial analysis tool is best?
January 31, 2020 by
FINPACK’s agricultural credit analysis suite of tools includes several options for completing financial analysis on your farm and ranch customers. These tools help you as a lender look at the past performance of the farming operation when considering the farm’s annual renewal. Each of these tools can help evaluate profitability and farm financial performance trends of the operation over time. FINPACK is a bit like a Swiss army knife, it has lots of tools available. You choose which of these tools is best for you, your customers, and the credit situation. Let’s take a look at each of these tools and when they are best utilized.
[Read more…]What’s a fair cropland rental rate?
January 28, 2020 by
“What should I pay for land rent?” This is a common question received by lenders and other ag professionals this time of year. The problem is, there’s no easy answer. Often times farmers get the response of, “it depends”.
What if there was a solution to help farmers figure out the answer to this age-old question? That would be genius, right? Well, one such solution exists – FairRent.
[Read more…]2020 National School for Experienced Ag Bankers
January 23, 2020 by
The FINPACK Team wants to alert you to an outstanding educational opportunity – the 2020 National School for Experienced Ag Bankers, being held June 22-25 at Black Hills State University in Spearfish, SD. The Center for Farm Financial Management has had a long relationship with this school, with our staff serving as part of the teaching team, along with a talented group of seasoned ag bankers.
[Read more…]Where did my cash flows go?
January 8, 2020 by
“Where did my cash flows go?”
This is the panic call FINPACK Tech Support has currently been receiving. As the credit renewal season begins, many users are quickly becoming aware Legacy Projections have been removed from the main file navigation dialog with the 2019 FINPACK annual update. Don’t fret, legacy projections are still available for viewing and use in customer FINPACK files.
[Read more…]Tools for renewal season
December 19, 2019 by
It is hard to believe 2019 is coming to a close and the 2020 renewal season is just around the corner. As you prepare for loan renewals at your lending institution, consider these FINPACK tools to help make the process smoother and more streamlined for you and your customer.
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