Reviewed by: Damona Doye
Program Name or Description: FINPACK
Subject matter: Farm financial planning and analysis
Curriculum Objectives (adapted from the Delivery Methods: Activities:
website): 1. Campus training 1. Basic FINPACK training
1. For Producers: Help individuals
evaluate a farm financial situation, 2. Online instruction 2. Advanced FINPACK training
explore alternatives, and make
informed decisions about the future 3. “Hands on” training upon request 3. FINPACK on-line training
direction of the farm.
2. For Ag Professionals: Help evaluate a 4. FINPACK for lenders conference
client's financial situation, explore
alternatives, and recommend
3. For Ag Lenders: Help make timely and
thorough credit evaluations using a
variety of planning and analysis
components with added features for
risk rating and credit scoring, collateral
analysis, FSA guarantees, and loan
Formal Evaluations and known impacts:
Development History/Peer Review:
FINPACK was developed at University of Minnesota in 1972 and with national promotion, it has been adopted widely in the
U.S., including USDA/FSA in some states. It has also been adapted for use in several countries.
Reference: Ferrara, A., D. Nordquist, and A.Ciani. “FINPACK: The Potential to Adapt It for European Countries, With a History of
the Development of FINPACK within the U.S. Extension Service.” Staff Paper P96-3. Department of Applied Economics.
University of Minnesota. March 1996.
FINPACK has been used by more than 100,000 farmers and ranchers during the past 10 years.
Opportunities Barriers Strengths Weaknesses Suggestions for
1. Nationwide use 1. Data intensive 1. Robust analysis 1. 1.
based on extensive
2. 2. Cost production and 2. 2.
3. 3. Not for the casual data and statistics 3. 3.
user? based on combined
2. Excellent support
3. Add-on programs in
4. FINBIN database for
Copyrights: Regents of the University of Minnesota
Contact personnel: Center for Farm Financial Management, University of Minnesota, 130 Classroom Office Building, 1994 Bufford
Avenue, St. Paul, MN 55108. Phone: 800-234-111. Fax: 612-3105.
Costs: $99 for personal annual subscription, $395 for personal version. Call for pricing for professional version and Lender version.