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COMPLETING FINAN & NET WORTH STATEMENTS SOME ISSUES
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Abstract
We welcome all Michigan State University Extension (MSU-E) agents embarking upon a journey to improve the accuracy and usefulness of Michigan farm record data. We believe that analysis of accurate farm records will enable the farm owner/operator(s) to use his/her (their) farm records as a diagnostic tool that in turn can provide a benchmark for planning. We do recognize that this activity requires a time commitment from the MSU-E agent and also a willingness to bear some responsibility in improving the accuracy and consistency of the farm record database. It is to this problem of farm record consistency that this paper is addressed.Agricultural Finance,