FINBIN is a national farm financial database. FINBIN’s website provides benchmark financial information, generally for farm producers, educators, lenders, and other agricultural professionals. To make this program available for NM producers, the NM-FARM program recognizes the diversity in New Mexican agricultural production and offers different options for producers to participate.

About FINBIN

Visit their website: FINBIN | The Farm Financial Management Database (umn.edu)

How It Works: 

The FINBIN database summarizes actual farm data from agricultural producers who use FINPACK for farm business analysis. FINPACK is a comprehensive farm financial planning and analysis software system used by agricultural producers, professionals, educators, and lenders to help over 50,000 producers analyze their farm business each year. FINPACK is developed and supported by the Center for Farm Financial Management at the University of Minnesota.

Privacy of Data:

To protect producers who submit their data to the database, a minimum number of farms is set in order for a report to generate results. 

• Whole Farm reports need a minimum of 10 records.
• Crop and livestock summary reports require 5 records. 

If a report doesn’t generate or a column is missing from your report that means there wasn’t enough data for that specific criteria.  **Broaden your search criteria as needed to gather enough farms to yield a report.

If you try to generate a report for New Mexico producers using the FINBIN website, you may find that there is not yet data available for the state of New Mexico. This is because the minimum number of producers reporting on that criteria is not yet available. 

This page was last updated 8/28/2024.