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Farm Financial Standards.

Authors
  • McGrann, J M
Type
Published Article
Journal
The Veterinary clinics of North America. Food animal practice
Publication Date
Jul 01, 1995
Volume
11
Issue
2
Pages
279–291
Identifiers
PMID: 7584815
Source
Medline
License
Unknown

Abstract

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.

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