Patent ID: 7039592

Claim:
A new computer-implemented method for providing integrated financial management services to a crop producer comprising: recording projected income and expense data for the crop producer for a pre-defined period; determining an initial break even point for the crop producer wherein the break even point is the dollars necessary to cover the total of the projected expenses of the crop producer for the pre-defined period; updating at least a portion of the projected income and expense data with actual income and expense data for the crop producer and updating the break even point with the actual expense data; evaluating a desired level of crop insurance where the producer is neither overinsured nor underinsured, the desired level of crop insurance is a percentage defined by the break even point, a production yield history and a unit guarantee as follows (break even point)/(production yield history×unit guarantee)×100; computing projected profitability for the crop producer for the pre-defined period based upon current projected and actual expense data and any marketing of crop by the crop producer; computing the profitability of a potential sales contract defined by a sales price of the contract, a projected crop yield, a guaranteed income and the current actual and projected expenses for the producer for the pre-defined period as follows sales price×projected crop yield+guaranteed income−actual and projected expenses; and generating a computer output showing results, including the profitability for the crop producer for the pre-defined period.