What Computer Help Is Available on Farm Management?
The financial management of your farm can be complex and time consuming. You need time to gather and organize data before you can formulate and analyze your balance sheets. Microcomputers can significantly assist in improving the analysis of your farm operation. The Maryland Cooperative Extension Service offers farmers computer assistance for financial analysis through the FINPACK farm financial planning and analysis computer program. Developed by the University of Minnesota, FINPACK does a complete financial analysis of your farm. It has been used on over 40,000 farms in 40 states. The FINAN component of this program provides a comprehensive balance sheet analysis of the farm operation. To find out more about this program, see your Extension agent at your local county Extension office.