Minnesota farmers faced another challenging year in 2024, with net farm income continuing to decline. Falling crop prices coupled with below-trendline crop yields resulted in low incomes, especially for crop producers. As a result, many crop producers are bracing for an economic storm as they plan for the 2025 crop year.
The FINPACK Team is excited to partner with Dr. David Kohl to launch an electronic version of his Business IQ Assessment. This free assessment is available to any farmer, rancher, or businessperson and will help evaluate current business acumen and identify areas for improvement.
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.
The FINPACK FSA Forms Package allows you to generate the required forms for an FSA Guaranteed or Direct Loan. As a lender, you begin by creating the cash flow projection including the loan(s) you are requesting an FSA Guaranteed Loan for. A monthly or annual cash flow projection (FINFLO) can be completed and utilized for the guaranteed loan request.
FINPACK offers a wealth of tools and functionality, and it can be hard to know where to start. Our step-by-step guide offers a broad overview of the tools and the best way to approach credit analysis in FINPACK. You’ll find links throughout to more detailed guides for each section as well as our white paper in the FINPACK Knowledge Base.