farm income and balance sheet

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 each state.

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Part of Speech: noun
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Industry/Domain: Agriculture
Category: Agricultural programs & laws
Company: USDA
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