Costs and Returns: Economic and Accounting Concepts

David H. Harrington

Journal of Agricultural Economics Research, 1983, vol. 35, issue 4, 8

Abstract: This article reviews economic and accounting bases for costs-of-production (COP) calculations It finds that the problems of circularity of arguments, potential cost· price spirals, and escalating land values are Inherent m all full COP methods of setting support prices Inflation, Income tax regulations, and credit usage Interact to distort the traditional relationships between cash costs and cash returns, thus requiring explicit correction m COP calculations

Keywords: Agricultural Finance; Production Economics; Productivity Analysis; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:148995

DOI: 10.22004/ag.econ.148995

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