Premium
Flow‐of‐Funds Social Accounts for the Farm Sector
Author(s) -
Penson John B.,
Lins David A.,
Irwin George D.
Publication year - 1971
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/3180291
Subject(s) - balance sheet , flow of funds , statement (logic) , income statement , business , balance (ability) , economics , accounting , political science , medicine , law , physical medicine and rehabilitation
Flow‐of‐funds accounts and component sources‐and‐uses‐of‐funds statements relate changes in balance sheet accounts to income statements, describing movement from one balance sheet to the next. While the Federal Reserve System compiles a farm business sector sources‐and‐uses‐of‐funds statement consistent with and part of the national flow‐of‐funds accounts, the statement is not definitionally and conceptually consistent with published farm income and balance sheet accounts. An alternative farm sector sources‐and‐uses‐of‐funds statement is proposed that contains these features, and its potential applications and extensions are delineated.