IDEAS home Printed from https://ideas.repec.org/a/eme/afrpps/v72y2012i2p273-285.html
   My bibliography  Save this article

Using sector financial statements and ARMS data to prepare statements of owner equity and cash flows for the agricultural sector

Author

Listed:
  • Freddie L. Barnard
  • Dale W. Nordquist

Abstract

Purpose - The purpose of this paper is to discuss the feasibility of preparing a statement of owner equity (SOE) and statement of cash flows (SOCF) for the agricultural sector. Also, the use of the Agricultural Resource Management Survey (ARMS) to collect data needed to supplement the US farm sector accounts to prepare a sector SOE and SOCF is discussed. Design/methodology/approach - An SOE and SOCF for an individual producer was used to provide an example format for preparing an SOE and SOCF for the agricultural sector and to identify the data needed from the ARMS survey to supplement farm sector accounts. Findings - The format and data needed to prepare a sector SOE and SOCF were identified and the feasibility of the collection of that data using current ERS/USDA survey collection methods would provide the data needed to prepare the statements. However, the use of two independent data collection authorities to collect the data would result in an agricultural sector SOE and SOCF that would not reconcile. Originality/value - The paper initiates a dialog of possible alternatives available to the ERS/USDA and researchers concerning data needed and data sources available to prepare an agricultural sector SOE and SOCF, as well as the shortfalls and inaccuracies that would result.

Suggested Citation

  • Freddie L. Barnard & Dale W. Nordquist, 2012. "Using sector financial statements and ARMS data to prepare statements of owner equity and cash flows for the agricultural sector," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 72(2), pages 273-285, July.
    • Handle: RePEc:eme:afrpps:v:72:y:2012:i:2:p:273-285
    DOI: 10.1108/00021461211250500
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/00021461211250500/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/00021461211250500/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/00021461211250500?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Soliwoda, Michał, 2016. "How to Improve a Farm Financial Management? The Lesson from Poland," Rural Areas and Development, European Rural Development Network (ERDN), vol. 13, pages 1-12.
    2. Featherstone, Allen M. & Erickson, Kenneth W. & Nehring, Richard N. & Harris, J. Michael, 2017. "Agricultural Profits and Farm Household Wealth," 2017 Agricultural and Rural Finance Markets in Transition, October 2-3, 2017, Minneapolis, Minnesota 263898, Regional Research Committee NC-1177 (formerly NC-1014): Agricultural and Rural Finance Markets in Transition.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:afrpps:v:72:y:2012:i:2:p:273-285. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.