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Alternative Methods of Accounting for Livestock Capital Formation: An Application to Southern U.S. Agriculture*

Published online by Cambridge University Press:  28 April 2015

Thomas L. Browning  and
David R. Dyer
Thomas L. Browning
Affiliation:
ERS
David R. Dyer
Affiliation:
FNS, USDA
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Extract

This paper presents empirical estimates of livestock capital formation and disposition on farms in 14 southern U.S. states during 1974. Livestock capital is defined to include dairy and beef breeding cows. Concern with measuring the formation and disposition of livestock capital stems from the demand for knowledge of its importance as farm input, output and investment and from its inconsistent treatment given it in current USDA statistical series and the subsequent impact on farm income measurement.

The objectives of this study are to present new information on dairy and beef cow capital formation and disposition via development of a cow capital flows account, and to provide a perspective on the importance of this information by incorporating it into estimates of farm income.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 8 , Issue 2 , December 1976 , pp. 25 - 29
Copyright
Copyright © Southern Agricultural Economics Association 1976

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Footnotes

*

The views expressed are the authors' and do not necessarily represent those of the U.S.D.A.

References

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