The National Income and Product Accounts: Estimating Farm Income by Type of Farm
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U.S farms are becoming increasingly specialized, limiting the usefulness of traditional aggregate analysis. This report identifies data limitations, advantages in estimating farm income by type of farm, and the implications of SIC-based measures. The potential relationships between the SIC type of farm income estimates and the other farm sector accounts, including productivity, costs of production, and input-output accounts, are analyzed.