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 wants to draw your attention to an excellent educational opportunity this summer – the 2025 National School for Experienced Ag Bankers. The Center for Farm Financial Management has had a long relationship with this school, and our staff serve as part of the teaching team — including members of the FINPACK team — along with a talented group of seasoned ag bankers.
The FINPACK offices will be closed on the following days during the holiday period:
Tuesday, December 24th
Wednesday, December 25th
Thursday, December 26th
Wednesday, January 1st
We wish all our customers, partners, and staff a safe and peaceful holiday season.
To help producers analyze the profitability of the market channels they sell to, the Center for Farm Financial Management has created My Market Profit, a new tool that helps producers identify the costs, returns, and profits for each market in five easy steps.
The Center for Farm Financial Management at the University of Minnesota — including FINPACK team members Pauline Van Nurden, Katherine Wilts Johnson, and Mariah Beverly — have collaborated with Mai Lan Hoang and Vincent Gauthier at Environmental Defense Fund (EDF) to produce The Economics of Cover Crops on Minnesota Farms 2023 Data Report.
FINPACK Online Training is included in the system-wide FINPACK license for all lenders, allowing every member of your team to access comprehensive training at your pace, and featuring modules on commercial credit analysis, agricultural credit analysis, and navigating FINPACK+.