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Welcome to FINBIN
FINBIN is one of the largest and most accessible sources of farm financial and production benchmark information in the world. FINBIN places detailed reports on whole farm, crop, and livestock financials at your fingertips.
With just a few clicks of the mouse, you can see reports such as:
- Soybean cost and returns by tillage system
- Dairy cost and returns by size of herd
- Farm financial standards measures by type of farm
- Cover Crop Impact – Corn on Cash Rented land in Southern Minnesota
The possibilities are endless. Select Whole Farm Reports, Crop Reports, or Livestock Reports to create your own custom report.
2024 Farm Financial Data
The FINBIN database has been updated to include 2024 farm financial reports for several states in the Upper Midwest. Overall, farmers faced another challenging year, with net farm income continuing to decline. Farm profitability has significantly declined since 2022, leaving many farmers in a challenging financial position. The average farm experienced a reduction in working capital, limited net worth growth, and minimal profitability for the year. Read our full report on Minnesota farm finances to learn more.
You can use FINBIN’s summary reports to see the financial results for all farms by type or size of farm. Or run a benchmark report to compare your farm to a group of farms similar to yours. New is an integration of Tableau charts for your FINBIN search.
FINBIN Made Easy
Want to get more out of FINBIN? The videos below show you how to run different types of reports that can help with your work. They’re quick and easy to follow. You can also use our Tableau charts integration to add charts and visuals to whole farm summary reports. And learn more about how to run cover crop reports in FINBIN.
FINBIN in the News
- July 7, 2025 - Impact of leverage on rates of return (farmdocDaily)
- June 12, 2025 - Navigatign Uncertainty: The Challenges Facing Ag Producers and Agribusinesses (Bell Bank AgViews Q2 2025)
- June 6, 2025 - Coverage ratio alert: farm financial health slips into the red zone (Farm Progress)
- June 2, 2025 - Size vs Success: the $1.3 million gap in modern farming (Farm Progress)
- May 23, 2025 - Farm Profits Hit 20-year Low (Farm Progress)
- May 21, 2025 - Decomposition of changes in net worth (farmdocDaily)
- May 7, 2025 - Net farm income expected to improve in 2025 (Brownfield Ag News)
- November/December 2024 - Farmers face cliff as working capital disappears (ABA Banking Journal)
- December 18, 2024 - The thermostat of investment (Wells Fargo)
- December 4, 2024 - Repayment risks grow as farm income declines and farmland loans reprice (Minneapolis Fed)
- October 4, 2024 - The 2024-25 Financial Downturn: Who is the Most Vulnerable (farmdocDaily)
- July 18, 2024 - Farm Machinery Expense Jumps >30% since 2020 (Agricultural Economic Insights)
- May 30, 2024 - Do farm profits equal farm size? (Farm Progress)
- May 8, 2024 - Challenging agricultural markets put highly leveraged agricultural producers at risk (Minneapolis Fed)
- April 24, 2024 - Are you overspending on fertilizer? (University of Minnesota Extension)
- October 17, 2023 - Why liquidity is important for a farm (Farm Progress)
- July 28, 2023 - Elevated interest rates: How they impact producers’ cash flow and profitability (Federal Reserve Bank of Minneapolis)
- July 7, 2023 - Benchmarking Crop Machinery Cost and Investment (farmdoc Daily)
- November 15, 2022 - Booming through the bust: High-profit farms manage through economic downturns (Minneapolis Fed)
- March 5, 2020 - FINBIN – What is it and how do I use it? (FINPACK News)
Improve Your Farm Management
As powerful as FINBIN is, you can enhance its value to you as a producer by joining a farm management association or education program. These programs provide individual farm management assistance to producers and have proven their worth to the thousands of producers who participate in these programs.