Cash Versus Accrual Accounting Information for Dairy Farm Management
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Lazarus, William F.
Two cost and efficiency measures, crop expense per acre and feed and crop expense per hundredweight of milk, are compares on a cash and accrual basis. Records from 470 dairy farms were used for the comparison. Serious errors would be introduces by using the cash calculation on some farms.
Charles H. Dyson School of Applied Economics and Management, Cornell University