Costs and Returns: Economic and Accounting Concepts

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


Issue Date:
1983-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/148995
Published in:
Agricultural Economics Research, Volume 35, Number 4
Page range:
1-8
Total Pages:
8




 Record created 2017-04-01, last modified 2017-08-27

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