Are you still using spreadsheets to complete the annual credit analysis on your customers? Do your spreadsheets provide you the best information on a customer’s financial position? Have your spreadsheets left you with questions related to your bank’s true...
After adjusting for inflation, Minnesota farms earned the lowest median farm income in the past 23 years of data tracked by University of Minnesota Extension and Agricultural Centers of Excellence within Minnesota State. In 2018, the reported median net income...
Are you still using spreadsheets to complete the annual credit analysis on your customers? Do your spreadsheets provide you the best information on a customer’s financial position? Have your spreadsheets left you with questions related to your bank’s true risk? If...
Minnesota farmers experienced their fifth consecutive year of low profitability in 2017. The median farm earned $28,551, down slightly from just over $36,000 in 2016. Declines in farm income were largely driven by low profits and losses for cash crop farms, while...
Cost balance sheets value assets at purchase price less accumulated depreciation. This accumulated depreciation can be done using tax or management depreciation methods. Management depreciation differs from tax depreciation by using the economic or useful...
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