research article
FARM ENTERPRISE Accounting and Management
authors
ARTHUR SHULTIS, University of California
publication information
California Agriculture 16(8):12-13. DOI: 10.3733/ca.v016n08p12.
author affiliations
Arthur Shultis is an Extension Economist (Farm Management) and Associate on the Giannini Foundation, University of California, Berkeley.
abstract
Enterprise accounting is a system providing a separate profit statement and cost analysis for each crop and kind of livestock in the total farm business. These statements show the contribution of profit or loss each enterprise makes toward the total farm profit. But more important, the detailed information made available on production, income, inputs and costs allows the analysis and study of each enterprise with the possibility for discovering changes to make it more profitable. As part of this analysis, comparisons can be made with the sample schedules of inputs and costs on important crops that are available at local Agricultural Extension offices.
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