The new FINBIN data is live, the latest FINPACK update, how to determine Schedule F Income in FINPACK, and last chance to register for FINPACK Lender Training!
Minnesota farmers experienced a drastic reduction in farm income in 2023 primarily caused by decreasing prices for corn, soybean, and other commodities and challenging profitability for the dairy and hog sectors. Read more on the latest FINBIN data and the prospects for 2024.
The latest FINPACK update is version 6.4.8.219. The update will be applied automatically for FINPACK+ users. For users of FINPACK installed, you’ll need to update via the HELP menu inside FINPACK. Launch FINPACK and select Software Updates under the HELP menu. Click ‘Check for Updates’, then follow the steps to install.
Last chance to register for the May 21-22 in-person FINPACK Lender Training session right here on the University of Minnesota, St. Paul campus. FINPACK lender training offers lenders two days of practical, hands-on training with insights into all the components of FINPACK. Registration closes May 15th and space is limited, so learn more and register today.
FINPACK uses IRS Schedule F data in two analysis tools – the Schedule F type Tax Form and the Schedule F Cash to Accrual tool. Several items on the Schedule F tax form have both total and taxable entries. Because of this, questions arise about which Schedule F entries are used in the different FINPACK analysis tools. Learn more from economist Dale Nordquist.
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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.