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2021 National School for Experienced Ag Bankers

The FINPACK Team wants to draw your attention to an excellent educational opportunity this summer – the 2021 National School for Experienced Ag Bankers.  The Center for Farm Financial Management has had a long relationship with this school. Our staff serve as...

Challenges with CCC loans reported as income

Tax preparers are not consistent in reporting repayment of CCC loans that have previously been reported as income for tax purposes. FINPACK tries to adjust for these inconsistencies but adjustments are not always possible. While these problems cause cash...

Determining Schedule F Income in FINPACK

FINPACK uses IRS Schedule F data in two analysis tools – the Schedule F type Tax Form and the Schedule F Cash to Accrual tool. Several items on the Schedule F tax form have both total and taxable entries. Because of this, questions arise about which Schedule F...

Minnesota farm incomes inch higher

Minnesota farmers continued to struggle with low profitability in 2019.  Median net farm income was up slightly from the previous year at $36,211, but was still historically low.  Each of the past five years has fallen in the bottom third of historical...

FINBIN – What is it and how do I use it?

FINBIN is the national farm financial database.  The site provides financial benchmark information for farm producers, educators, lenders, and other agricultural professionals.  The database summarizes actual farm data from thousands of farmers and ranchers...