Farm income

In United States agricultural policy, several measures are used to gauge farm income over a given period of time.

Farm income and balance sheet

The income statement measures the profitability of a farm business for a particular period of time, usually one year. The balance sheet measures the wealth or financial position of the business at a particular point in time by reporting the farm’s assets, debt, and net worth.

The Economic Research Service publishes the income statement and balance sheet of the Nation’s farm sector, and the farm sector financial statement for each state.

See also

References

 This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.

This article is issued from Wikipedia - version of the 6/17/2013. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.