Generate a Summary Report
Generate a Benchmark Report
Compare Your Farm
 

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:

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 the Minnesota farm business management programs. Minnesota farmers faced another challenging year, with net farm income continuing to decline. The overall median net farm income for Minnesota farms was $21,964 in 2024, marking the lowest level this century. Farm profitability has significantly declined since 2022, leaving many farmers in a challenging financial position. The average Minnesota farm experienced a reduction in working capital, limited net worth growth, and minimal profitability for the year.

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.

Cover Crop Profitability Analysis

Cover Crop Impact reports are now available in FINBIN for the 2022, 2023, and 2024 crop production years. Look at the reports below to compare the financial aspects of growing corn and soybeans with and without cover crops in Minnesota in 2024. Each report contains four columns to compare the impact cover crop production has on enterprise profitability. Learn more about cover crop queries in FINBIN using the How To link.

FINBIN in the 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.