Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Which farm income measures include the value of change in inventories?

April 26, 2017farm income inventories measures value

0

Posted

Which farm income measures include the value of change in inventories?

1 Answer

0

Posted

• Both value added and net farm income are value-of-production measures, which require adjustment for change in inventory in order to reflect current year’s agricultural output. Net cash income estimates are independent of when production took place and, consequently, do not incorporate inventory change.