Farm Financial Standards.
The Farm Financial Standards were developed by a national effort to encourage standardization. Standardization includes financial statement formats, terminology, and calculations for measuring financial position and format. Comparative analysis and education efforts are enhanced greatly by standardization. The Standardization Performance Analysis (SPA) system was developed on the basis of the performance standards for beef cattle and sheep enterprises. This article summarizes the Farm Financial Standards and illustrates the calculations with a worksheet.
McGrann
J M
JM
Department of Agricultural Economics, College of Agriculture and Life Sciences, Texas A&M University, College Station, USA.
D000383:Agriculture / Q000191:economics* / Q000592:standards; D000822:Animal Husbandry / Q000191:economics* / Q000592:standards*; D000818:Animals; D002417:Cattle / Q000254:growth & development; D004014:Dictionaries as Topic; D005260:Female; D005376:Financial Management / Q000592:standards*; D008297:Male; D011996:Records / Q000592:standards / Q000706:statistics & numerical data; D012756:Sheep; D009626:Terminology as Topic; D014481:United States