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Dairy farmers' use of Financial Long-Range Planning (FINLRB) to aid decision-making

, : Dairy farmers' use of Financial Long-Range Planning (FINLRB) to aid decision-making. Staff Paper Department of Agricultural Economics, Michigan State University (2001-21): 23 pp.

This study deals with dairy farmers' use of the FINPACK computer software, a comprehensive financial analysis and planning system that can generate a financial analysis of the past year (FINAN), a long-range projection of profit potential (FINLRB), or a detailed cash flow (FINFLO). The study identifies investment and financial factors that had large impacts on the accuracy of projections, and assesses farmers' satisfaction with financial long-range planning output.


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