Presentation is loading. Please wait.

Presentation is loading. Please wait.

Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Farm Financial Database www.finbin.umn.edu.

Published by Modified over 9 years ago

Similar presentations

Presentation on theme: "Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Farm Financial Database www.finbin.umn.edu."— Presentation transcript:

1 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Farm Financial Database www.finbin.umn.edu

2 Comprehensive Farm Financial Information System FINPACK – Individual Farm Financial Analysis RankEm – Benchmark Individual vs Group RankEm Central – Group Summary Reports FINBIN – Dynamic Web-Based Financial Reports

3 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved.

4 FINBIN Reports üWhole farm reports üCrop enterprise reports üLivestock enterprise reports

5 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. FINBIN Includes: üData from 2500 MN producers, 3400 total ü2.88 million acres of cropland ü60,000 dairy cows ü35,500 sows ü654,000 grow/finish pigs

6 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. FINBIN Data Sources üMN Farm Bus Mgt2200 farms1996-pres üSW MN Farm Mgt Assn200 farms1993-pres üSE MN Farm Mgt Assn60 farms1993-pres üND Farm Bus Mgt550 farms1993-pres üNebraska Farm Bus Assn160 farms1995-pres üOhio Extension50 farms1997-pres üMissouri FBMA66 farms2003-

7 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Data Security üWhole farm reports -- minimum of 10 farms in each report üEnterprise reports -- minimum of 5 farms in each report

8 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. 5 Steps to Generating a FINBIN Report üSelect a report type/enterprise

9 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved.

10 5 Steps to Generating a FINBIN Report üSelect a report type/enterprise üSelect location State Group Region Counties

11 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved.

12 5 Steps to Generating a FINBIN Report üSelect a report type/enterprise üSelect location üSelect column format Any characteristic can be chosen as a column format

13 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved.

14 5 Steps to Generating a FINBIN Report üSelect a report type/enterprise üSelect location üSelect column format üSelect characteristics Years Type of farm etc

15 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved.

16

17 5 Steps to Generating a FINBIN Report üSelect a report type/enterprise üSelect location üSelect column format üSelect characteristics üRun the report

18 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Whole Farm Report Characteristics üYears üType of farm (70 % rule) üSize of farm (gross farm income) üSize of farm (total assets) üSize of farm (total crop acres) üNet farm income (high/low profit farms) üDebt to asset ratio üAge of operator

19 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Crop Enterprise Report Characteristics üYears üTenure (owned, cash, share rent) üNet return (high vs. low return) üAcres (total on farm) üProduction practices Tillage system Row width Roundup ready Bt Organic Manure application

20 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Livestock Enterprise Report Characteristics üYears üNet return (high vs. low return) üEnterprise size

21 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Example Whole Farm Report üFarm Financial Standards Sweet 16 by type of farm

22 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved.

23

24

25 Example Crop Report üRoundup Ready vs. Conventional Soybeans

26 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved.

27

28

29

30

31 Corn, Cash Rented, 2002 FINBIN Database, So MN Profitability Group< 20 %20-40%40-60%60-80%80-100% Yield150157161167173 Gross return$322.84$344.16$352.34$366.93$384.41 Seed38.4537.8237.3736.9936.56 Fertilizer48.0348.0145.8743.9142.13 Chemicals29.4829.9026.8126.0324.49 Rent103.50103.19101.67101.9798.06 Total direct cost302.08296.06280.41270.17258.41 Total costs373.94350.05330.90319.17296.09 Net return to operator lbr & mgt-51.10-5.8921.4447.7688.32 Cost of production2.532.262.091.941.75

32 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Example Livestock Report üDairy by Herd Size

33 Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved.

34

Download ppt "Copyright © 2004 Center for Farm Financial Management, University of Minnesota. All Rights Reserved. Farm Financial Database www.finbin.umn.edu."

Similar presentations

Farm/Ranch Business Management Education Year 2010 Jerry Tuhy, Instructor Bismarck State College at DREC.

Farm/Ranch Business Management Education Year 2010 Jerry Tuhy, Instructor Bismarck State College at DREC.
These Graphs Represent An Average of Detailed Records of Farms Enrolled in Farm Management Programs located in North Central North Dakota (Region 2) and.

These Graphs Represent An Average of Detailed Records of Farms Enrolled in Farm Management Programs located in North Central North Dakota (Region 2) and.
Farmland Values and Leasing Key Questions Chapter 20 §What determines the value of farmland? §What are the advantages and disadvantages of owning vs. leasing?

Farmland Values and Leasing Key Questions Chapter 20 §What determines the value of farmland? §What are the advantages and disadvantages of owning vs. leasing?
Farmland Leasing Economics 333. Types of Rental Arrangements Cash Rent Flexible Cash Rent Crop Share 50-50Tenant & Landlord 67-33Tenant & Landlord Custom.

Farmland Leasing Economics 333. Types of Rental Arrangements Cash Rent Flexible Cash Rent Crop Share 50-50Tenant & Landlord 67-33Tenant & Landlord Custom.
Cropland and Livestock Leasing in Montana

Cropland and Livestock Leasing in Montana
Copyright © 2011-12. University of Minnesota. All Rights Reserved. Conservation Tillage Workshop Heron Lake, MN March 22, 2012 David Bau Extension Educator.

Copyright © University of Minnesota. All Rights Reserved. Conservation Tillage Workshop Heron Lake, MN March 22, 2012 David Bau Extension Educator.
Silage and Haylage: facing new economic realities Stan Smith Fairfield County, OSU Extension.

Silage and Haylage: facing new economic realities Stan Smith Fairfield County, OSU Extension.
ND Farm & Ranch Business Management 2009 Region 3 Annual Report Steve Metzger Carrington Research Extension Center and Carrington Public Schools Carrington,

ND Farm & Ranch Business Management 2009 Region 3 Annual Report Steve Metzger Carrington Research Extension Center and Carrington Public Schools Carrington,
How Agricultural and Resource Management Survey (ARMS) Data Have Been Used by AFPC Dr. James W. Richardson Co-Director Agricultural and Food Policy Center.

How Agricultural and Resource Management Survey (ARMS) Data Have Been Used by AFPC Dr. James W. Richardson Co-Director Agricultural and Food Policy Center.
Managing for Today and Tomorrow

Managing for Today and Tomorrow
Copyright © 2010. University of Minnesota. All Rights Reserved Measuring the Economic Impact of the Minnesota Livestock Industry Gary A. Hachfeld, Brigid.

Copyright © University of Minnesota. All Rights Reserved Measuring the Economic Impact of the Minnesota Livestock Industry Gary A. Hachfeld, Brigid.
Jason Fewell, Dr. Kevin Dhuyvetter, Dr. Michael Langemeier National Farm Business Management Conference Fargo, ND June 14, 2010.

Jason Fewell, Dr. Kevin Dhuyvetter, Dr. Michael Langemeier National Farm Business Management Conference Fargo, ND June 14, 2010.
Improving Financial Performance: What Is the Payoff?

Improving Financial Performance: What Is the Payoff?
Missouri FBMA 2008 Analysis and Comparisons. 2008 FBMA Record Summary 161 Farms Submitted Analysis –141 Included in Summary 56 with enterprise analysis.

Missouri FBMA 2008 Analysis and Comparisons FBMA Record Summary 161 Farms Submitted Analysis –141 Included in Summary 56 with enterprise analysis.
HOW TO USE ENTERPRISE BUDGETS By Sherrill Nott, Roger Betz, and Gerald Schwab Day 3: 10:30 -- 11:30 a.m.

HOW TO USE ENTERPRISE BUDGETS By Sherrill Nott, Roger Betz, and Gerald Schwab Day 3: 10: :30 a.m.
Missouri FBMA 2007 Analysis and Comparisons. 2007 FBMA Record Summary 143 Farms Submitted Analysis –122 Included in Summary 53 with enterprise analysis.

Missouri FBMA 2007 Analysis and Comparisons FBMA Record Summary 143 Farms Submitted Analysis –122 Included in Summary 53 with enterprise analysis.
Crop Costs & Returns in a High Input Strategy versus Common Practices Kent Olson, Bruce Potter, Steve Quiring, Jeff Vetch, Tom Hoverstad, Seth Naeve, Dale.

Crop Costs & Returns in a High Input Strategy versus Common Practices Kent Olson, Bruce Potter, Steve Quiring, Jeff Vetch, Tom Hoverstad, Seth Naeve, Dale.
Strategic Business Planning for Commercial Producers MBC Farms Case Study.

Strategic Business Planning for Commercial Producers MBC Farms Case Study.
Strategic Business Planning for Commercial Producers Improving Financial Performance: What Is the Payoff?

Strategic Business Planning for Commercial Producers Improving Financial Performance: What Is the Payoff?
Copyright © 2003 Center for Farm Financial Management, University of Minnesota Financial Plan Your lender wants to know if your business will be financially.

Copyright © 2003 Center for Farm Financial Management, University of Minnesota Financial Plan Your lender wants to know if your business will be financially.

Similar presentations

Ads by Google