Welcome to FINBIN, the FINPACK farm financial database. This site provides benchmark financial information for farm producers, educators, lenders, and other agricultural professionals.

The database summarizes actual farm data from thousands of agricultural producers who use FINPACK for farm business analysis. FINPACK is a comprehensive farm financial planning and analysis software system developed and supported by the Center for Farm Financial Management at the University of Minnesota.

Data in FINBIN is contributed by farm management associations that use FINPACK as their farm business analysis and summary program. Farm business management associations that currently contribute data to FINBIN include:

• Minnesota State Colleges and University Farm Business Management Education

• University of Minnesota Farm Business Management Associations

• North Dakota Vocational and Technical Education Adult Farm Business Management

• Nebraska Farm Business, Inc. and Nebraskaland Farm and Ranch Management Education Program

• The Ohio State University Extension & Ohio Farm Business Planning and Analysis

• Missouri Farm Business Management Analysis

• Utah Farm Business Management Programs

• Southwest Wisconsin Technical College

Additional farm business management associations in other states are in the process of preparing data for submission to FINBIN.

Individual producer information is unavailable in FINBIN and is strictly protected. All queries will generate summary reports which require a minimum number of farms fitting the search criteria.

Substantial effort goes toward verifying that FINBIN data is accurate. Data cannot just be submitted to the database. Each producer who contributes data to FINBIN works with a professional agricultural educator or farm business consultant to complete the farm business analysis. Farm business management associations have agreed to standardized procedures so data is uniform. At the individual producer level, FINPACK performs a series of checks to verify that accounts balance. Finally, FINBIN checks for outliers as the data is loaded into database. Outliers are either verified with the participating producer or discarded from the database.

However, FINBIN deals with real world data and the real world is not perfect. In the real world, some erroneous data will slip in. Having worked with farm accounting databases for years, we feel confident that we and our cooperating partners who work with the individual producers have done the best job possible of maintaining database integrity.

FINBIN development is supported by the Center for Farm Financial Management, University of Minnesota; USDA’s Risk Management Agency (RMA); and the University of Minnesota Extension Service. The work and support of farm business management associations and education programs who contribute data to FINBIN is essential to the existence and ongoing development of the database.

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