Measuring Profitability: Understanding the Ins-and-Outs of a Farm Income Statement

Ryan Matthew Loy, Evan Ware, and Bruce L Ahrendsen ( 2025 )

Summary

An income statement (also known as the Earnings or Profit and Loss Statement) is an integral part of on-farm financial record keeping. In short, the income statement can be used a farm enterprise over a specific unit of time, usually one calendar year

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Organization

University of Arkansas Cooperative Extension Service

Publisher

University of Arkansas, Cooperative Extension Service

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16

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Written Material