Definition of Farm income and balance sheet

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TeachMeFinance.com - explain Farm income and balance sheet



Farm income and balance sheet

The term 'Farm income and balance sheet ' as it applies to the area of agriculture can be defined as ' 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 farmís assets, debt, and net worth. The Economic Research Service publishes the income statement and balance sheet of the Nationís farm sector, and the farm sector financial statement each state'.

Previous 5 Terms:
Farm Credit System (FCS)
Farm Credit System Assistance Board
Farm Credit System Insurance Corporation (FCSIC)
Farm equity
Farm income
Next 5 Terms:
Farm inputs
Farm labor housing grants
Farm labor housing loans
Farm loan programs of the FSA
Farm loss (water)




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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