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Often we are asked questions about the meaning of the terms and concepts ERS
uses in describing farm income, the farm sector balance sheet, and production
costs and returns. This glossary is intended to provide the user with a working
definition of the key terms and a better understanding of how these concepts are
applied in estimating the performance of the farm production sector.
| Farm sector and farm households: Which
measure of income for what purpose? |
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I want to measure... |
Use this statistical indicator... |
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Farming's contribution to State and National economies |
Net value-added income |
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Entrepreneurial earnings of farming's risk takers |
Net farm income |
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Income earned to pay expenses and debt |
Net cash income |
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Income earned by farm households |
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Select a farm income term
from the list:
For
more information, contact Ted Covey.
Select
a farm balance sheet term from the list:
For more information, contact:
Ken Erickson, Robert Williams, and Michael Harris.
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