Suchergebnisse

The first part of this paper is given over to a discussion of definitions, terminology, and objectives in income analysis. The second part deals with methods and sources of material in the study of cash income. The third part describes some results obtained to date in this work.
"Agricultural income" is defined as the value of goods and services produced on farms which become available during a given period for consumption or investment, after providing for the maintenance and replacement of goods and services employed in production. Since the national income is the final test of the state of economic activity, it is essential that the national income data be as complete and accurate as possible. The completeness and accuracy of the national income estimate are dependent upon the completeness and accuracy of the estimates for the various industries. The income from agriculture should, therefore, be carefully appraised. The second main objective in measuring agricultural income is to enable a comparison of changes in the well-being of those engaged in farming with changes in the well-being of those engaged in other industries. These objectives constitute the important reasons for undertaking income analysis. The measurements of individual farm returns, such as labour income, labour earnings, or variations of gross or net income, are commonly used in studying the efficiency of management in the farm business. For this purpose they are very useful, but their field of service is definitely limited.