(800) 234-1111

FINPACK News

Cash Flow Planning Tools

by | Sep 5, 2018

Cash Flow Planning ToolsPutting together cash flow projections for farm clients can be tedious at times.  What is a reasonable feed expense for dairy operations?  Is the projected cost of production on corn acres in line with peers?  These are a few of the questions lenders and other professionals may ask when putting together projections, especially for new customers.  With that in mind, The Center for Farm Financial Management has put together two different cash flow planning tools.  The Minnesota Price and Cost Summary and the FINPACK Livestock Budget Estimates are two aides FINPACK users may find useful in cash flow planning.  These items and more are found in the FINPACK Knowledge Base.

Minnesota Price and Cost Summary

This document includes prices received last year and over the last three years for major crop and livestock enterprises.  Also included is the cost of production for each commodity last year and over the last three years.  These prices and costs are suggested as guides for planning based on historical costs and returns for Minnesota farms* included in the FINBIN Farm Financial Database.

FINPACK Livestock Budget Estimates

These budgets are intended to provide guidelines for developing FINPACK livestock plans.  They are based on actual costs and returns of Minnesota farm producers* included in the FINBIN Farm Financial database in 2017.  If available, farms are sorted into low/medium/high profit groups to show the range of results.  The revenues included in these budgets are based on actual revenues for 2017.  Be sure to consider any needed adjustments for future prices.

* Farms included in both of these tools participate in the MN State Farm Business Management program or the University of Minnesota’s Southwest Minnesota Farm Business Management Association.  No attempt was made to predict future costs or prices; these are actual costs and returns reported for 2017 for these farms.

Economist | 612-625-6760 | dnord@umn.edu | + posts

Dale is a major contributor to the design and development of the FINPACK farm software as well as the FINBIN Farm Financial Benchmarking Database.

Latest News
New and Improved: Financial Ratios in FINPACK

New and Improved: Financial Ratios in FINPACK

This post highlights the updated financial ratios in FINPACK. The ratio updates are based on the recent updates to the Farm Financial Standards Council's Financial Guidelines for Agriculture. The 2022 release of the Farm Financial Standards Council's (FFSC) Financial...

FINPACK News – November Digest

FINPACK News – November Digest

The FINPACK Lenders Conference is around the corner, the FINPACK 2022 update is live including new monthly Commercial Cash Flow capabilities, and the FINPACK team at the ABA Ag Bankers conference in Omaha! Register Now for the FINPACK Lenders Conference...

The New Monthly Commercial Cash Flow Capability of FINPACK

The New Monthly Commercial Cash Flow Capability of FINPACK

What's New in the Commercial Cash Flow Tool in FINPACK? The 2022 Fall Release of FINPACK adds the capability to complete annual OR monthly cash flow projections for commercial clients. These projections can be for a few months or multiple years. This replaces the...

What’s New in the 2022 FINPACK Update?

What’s New in the 2022 FINPACK Update?

The 2022 FINPACK update brings changes to Tax Forms, incorporates new Financial Standards Measures, introduces a new Cash Flow Projection into our commercial tools and more! Farm Financial Standards Update The FINAN Financial Analysis and FINFLO Cash Flow Projection...

FINPACK NEWS Digest – October 2022

FINPACK NEWS Digest – October 2022

FINPACK lenders conference registration is open, the updated Farm Financial Scorecard, lender training, and looking forward to the ABA Ag Bankers Conference Register for the FINPACK Lenders Conference The FINPACK Lenders Conference is back in-person! Join us...