What can FINPACK do for Me?
1. Long Range Planning - FINLRB
FINLRB is a "what if" tool that will help chart the long range direction of a farm business. For farmers considering changes in their operations, FINLRB will help investigate how those changes will affect their financial future before they invest the money. FINLRB results compare a farmer's current operation against up to 15 alternative farm plans for long range profitability, debt repayment ability, and net worth growth. Alternative plans can involve expansion, new enterprises, different sizes or combinations of enterprises, or changes in debt structure.
2. Cash Flow Planning - FINFLO
FINFLO projects monthly cash inflows and outflows based on a farmer's production, marketing, and financial plans. FINFLO results will help you evaluate a farm's cash flow, project operating loan needs, and determine repayment capacity. FINFLO features:
3. Year End Financial Analysis - FINAN
FINAN takes an in-depth look at a farm's financial progress over the past year and helps you identify the strengths and weaknesses of the operation. It will help you monitor the financial direction of the business, document progress, and develop planning information for the future. FINAN results provide an accrual income statement, a statement of cash flows, and a statement of owner's equity as recommended by the farm financial standards task force. You can analyze either the whole business or the whole business plus each crop and livestock enterprise individually.