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Minnesota farm incomes drop dramatically in 2023

Minnesota farmers experienced a drastic reduction in farm income in 2023 primarily caused by decreasing prices for corn, soybean, and other commodities and challenging profitability for the dairy and hog sectors.

How to Import Data into FINPACK+ Credit Analysis Files

New data, from an external FINPACK Credit Analysis file can be imported into your institution’s
FINPACK+ Credit Analysis file for a customer. This feature allows you to add information, like
a balance sheet or cash flow projection, into an existing Credit Analysis file without overwriting the
remaining contents of the file.

Consolidating Data Sources in FINPACK+

FINPACK Credit Analysis allows users to consolidate the balance sheets or tax forms from several different data files into a consolidated file. For example, a farm or business may have multiple entities for tax reasons, but these entities are controlled by the same...

Tools to Assist in the Renewal Season

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.

Understanding the Debt Coverage Ratio Calculation in FINPACK

FINPACK’s November 2022 update included updates to the financial ratios provided from FINPACK tools. One major change was the addition of a new Repayment Capacity measure — Total Debt Coverage. This post explains the calculation details of total debt coverage....