RESEARCH &
EDUCATION
CENTERS (REC)
Urban Ag home | Table of contents
To calculate your farm profit from the past year or project the profit for the coming year, you summarize income and expenses on an income statement or projected income statement, sometime called profit-and-loss statement or statement of activities. The income statement should cover a given accounting period, usually the calendar production year.
Previous page: What is enterprise profit?
Next page: Historical versus projected income statements