THE DISTRIBUTION OF FINANCIAL RESULTS BETWEEN FARMERS DURING A PERIOD OF AGRICULTURAL SETBACKS: GRAIN FARMERS IN THE WESTERN TRANSVAAL, 1981/82

B. D. T. Janse van Rensburg and J. A. Groenewald

Agrekon, 1987, vol. 26, issue 01

Abstract: The first half of the 1980s was a period of economic setbacks. Ratio numbers were used to measure financial success in the Western Transvaal. Median profitability was low, but solubility favourable. Excessive use of short-term debt capital was encountered. The median ratio between gross revenue and total costs was unfavourable; over-expenditure on fertilisers, fuel and repairs in particular, reduced profitability. Large variances were encountered in most ratios and distributions were not normal. Those whose performances were weaker in terms of profitability and liquidity incurred larger costs relative to revenue and also invested more.

Keywords: Agricultural Finance; Crop Production/Industries; Farm Management (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:ags:agreko:267142

DOI: 10.22004/ag.econ.267142

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