News + Insights
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FINPACK News Brief
FAQs from the FINPACK Support Team, the FINPACK team at ABA Ag Bankers, the FINPACK annual udpate and more!
New FINPACK+ Feature: Recurring Custom Tasks
FINPACK+ now offers the ability to set custom tasks/ ticklers to automatically recur at regular...
FINPACK FAQs from the FINPACK Support Team
Learning FINPACK, update and log-in errors, uploading FINPACK files into FINPACK+, and more in the latest FAQS from the FINPACK support team!
How Much is a Good Manager Worth?
How much is a good business manager worth? As you analyze commercial business credits you likely wrestle with this question often. The longer you work with businesses, the easier becomes to pick out the good managers versus the bad ones. But how is this measured? The cash drivers report in FINPACK’s commercial analysis tackles this question.
Understanding and Utilizing Agricultural Market Outlooks
Throughout the year, lenders have various opportunities to listen to agricultural market outlooks....
How to Approach FINPACK: A Step-by-Step Guide
FINPACK offers a wealth of tools and functionality, and it can be hard to know where to start. Our step-by-step guide offers a broad overview of the tools and the best way to approach credit analysis in FINPACK. You’ll find links throughout to more detailed guides for each section as well as our white paper in the FINPACK Knowledge Base.
Minnesota Farm Income Declines Again in 2024
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.
How To Learn FINPACK
FINPACK offers multiple training resources, including in-person, online and customized training options.
Differences in Agriculture and Commercial FINPACK
FINPACK+ has two types of financial analysis tools to analyze credits: agriculture and commercial. This article explains the analysis capabilities for both types of credits, and discusses under which circumstances to use agriculture or commercial credit analysis.
Loan Refinancing in a FINPACK Projection
Refinancing loans is a common strategy for business owners facing reduced profits and tight cash flows. By reviewing repayment capacity measures, you can assess a borrower’s ability to repay debts on time. The Debt Coverage Ratio is a reliable indicator of whether the business generates enough income to cover current interest expenses and all intermediate and long-term debt payments. It is important to realize the calculation of these repayment capacity measures includes non-farm income and debt, so reflect the full picture of the borrower’s debt repayment abilities and do not solely reflect business performance.