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Analyzing the Profitability of Your Farm Business

About This Publication

Now is a good time for farm operators to take a good look at the financial performance of their farm business for 2002. Most farm operators use a calendar year (January 1 – December 31) as their business year for income tax purposes and also to prepare financial statements about their operation. Even if a business is on a different fiscal year for tax reporting purposes, they may still want to prepare financial statements based on a calendar year.

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