FINBIN 2022 Numbers, Profitability vs Cashflow, the right Projection Tools, and more!
The release of the 2022 FINBIN numbers showed continued financial improvement for Minnesota farms in 2022 despite global uncertainty, inflationary pressures, and drought conditions across much of the state.
Economist Pauline Van Nurden explores the differences between profitability and cash flow, two important business concepts that can be confused by many small business owners. Just because a business is profitable, doesn’t necessarily mean it cash flows. Alternatively, a business can have positive cash flows and not be profitable.
FINPACK provides a wide array of financial projection and planning tools, including three cash flow projection tools and a long range planning tool. Economist Devin Brand discusses some things to consider when choosing the right tool for the job.
In case you missed it…
Brownfield Ag News interviewed economist and FINPACK team-member Pauline Van Nurden about the release of the latest FINBIN data.
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David Maguire helps Ag and Commercial lenders across the country understand the value of using FINPACK for credit analysis and loan management. David has worked in the marketing, training and education fields in Minnesota, Ireland and Germany.