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The Illusory Nature of Balance Sheets in Agricultural Economic Statistics: A Note

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  • Berkeley Hill

Abstract

Balance sheets are potentially important when monitoring the economic situation of agriculture. As conventionally drawn up, they relate to fictional statistical units and require arbitrary decisions about what constitutes agricultural assets and liabilities. This artificiality undermines their validity. The implications of basing balance sheets on real institutional units are discussed.

Suggested Citation

  • Berkeley Hill, 2000. "The Illusory Nature of Balance Sheets in Agricultural Economic Statistics: A Note," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(3), pages 463-467, September.
    • Handle: RePEc:bla:jageco:v:51:y:2000:i:3:p:463-467
    DOI: 10.1111/j.1477-9552.2000.tb01241.x
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    References listed on IDEAS

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    1. Berkeley Hill, 1998. "The Implications for Agricultural Statistics of Changes in the System of National Accounts," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(3), pages 359-377, September.
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    Cited by:

    1. Hill, Berkeley, 2005. "Institutional Units and Agricultural Statistics," 94th Seminar, April 9-10, 2005, Ashford, UK 24410, European Association of Agricultural Economists.
    2. Malakhov, Vladimir Sergeevich (Малахов, Владимир Сергеевич), 2016. "Evaluation of Risks, Threats and Challenges of Migration Policy in the Context of Long-Term Mass Presence on the Territory of Russian Refugees from Neighboring Countries [Оценка Рисков, Угроз И Зад," Working Papers 16610, Russian Presidential Academy of National Economy and Public Administration.
    3. Hill, Berkeley, 2002. "Policy Requirements in the EU and the Existing Array of Indicators Problem Definition, Policy Performance and the Implications of Reform," Workshop on the Farm Household-Firm Unit: Its Importance in Agriculture and Implications for Statistics, April 12-13,2002, Wye Campus, Imperial College 15719, International Agricultural Policy Reform and Adjustment Project (IAPRAP).

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