Farm Financial Analysis

Have you ever wondered:

  • the actual average cost per acre for fertilizer was on irrigated corn in your farming operation?
  • how much your operating expense ratio was? 
  • how your operation compares with your neighbor or the rest of the producers in your county

Wonder no more! We have the tools that can answer your questions.

   The Real Picture:

Maintaining cash basis records is important for your tax return, but it provides little value for managing your business. The Farm Financial Analysis converts your cash basis records to accrual based, by moving everything into the production year, such as carryover grain stats or prepaid expenses. With accrual based financial statements, you are able to see the true financial health of your operation.

We have the ability to benchmark your operation to producers that are similar to your size, age, and type of production agriculture, within your county or across the state. We also have the ability to compare your operation to the FINBIN database, allowing for comparison with similar producers throughout the rest of the United States.

Is the Analysis Program something for You?

It could be the right answer if you want to:

Understand Your Costs


Make Sound Financial Decisions


Rise Above the Competition


Make a Good Farm Better


Farm Financial Analysis is completed for producers all around the state, therefore we are able to compile our Annual Average Reports. The Average Books are used by producers, lenders, government leaders, and for others needing farm financial measures.

If you would like more information, or to see previous years Annual Average Reports, check out the Average Books page.

Other Benefits of the Financial Analysis

Have the ability to get answers quickly to your "What If" scenario by using a Cash Flow report.
Get a good picture of your operation by comparing your Historical Data from one year to the next.

Whole Farm Analysis:

The Whole Farm Analysis will provide you an overview of your farm for the year, including:

  • Accrual Net Farm Income
  • Earned Net Worth Change
  • 21 Standard Financial Ratios

While one year provides this information, a commitment to continued analysis over many years provides the best information for making decisions. As you build history, you will be able to see trends develop over the years.

Enterprise Analysis:

Take the Whole Farm Analysis one step further with the Enterprise Analysis.

The Enterprise Analysis allows you to separate and look at the income and expenses, as well as profits and losses of each enterprise. This will provide information that may be valuable in managing your inputs and marketing.

Enterprise Analysis includes breakouts of:

  • Crop Rental Type
  • Per Field
  • Farrowing vs. Finishing Hogs
  • Cow-Calf vs. Finishing Cattle
  • Per cwt.
  • Per Head

Over time the level of detail can be adjusted to meet the changes of your farm and your records.

What You Will Need to Get Started:

If you don’t have these, don’t worry! We can help you gather the information to get started.

If the records are available, we can also go back and build history from past years!

Beginning & Ending Balance Sheets

Balanced Set of Reconciled Records


Crop & Livestock Production Records


The Farm Financial Analysis (FINPACK) provides you with balanced and complete information taking into account all aspects of the operation, including non-farm income and expenses. The analysis allows you to see where your operation has areas for improvement, while being able keep your  agricultural operation competitive and successful.


We will meet with you to gather the necessary year-end information, balance sheets, and other records in December or January.

Additional meetings can be scheduled with no extra fees, to review your completed analysis with you in detail.