To aid producers in determining the costs of production for their crops, the Center for Farm Financial Management has created CropCost. CropCost is a new tool that identifies the cost of production for each crop the producer grows and gives breakeven costs of production at varying yield and expense amounts.
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.
A new FINPACK update is now available!
As the new year begins, many producers will begin to review their farm financial situation. It’s a great time to encourage your agricultural borrowers to complete their balance sheets. For producers whose fiscal year coincides with the calendar year, January 1 is an excellent date for the annual Balance Sheet. Also, a January 1 balance sheet allows for a full year of data to analyze and provides a good starting point for the new year.
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.
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.