Measurement System of Family Farm Economic Revenue

Family farms are treated by the market as if they were enterprises like all other. Consequently, they need reliable information about their economic results. The information about their economic and financial standing can be provided by accounting. Thus, family farms are in need of an accounting system suited to their needs. Such as system should conform to the main principle of accounting, true and fair view, but also provide additional information pertaining to the farm and to the household. This paper presents a model for family farm accounting, which is an attempt to reconcile theoretical concepts of accounting with the needs and abilities of family farms. The paper contains a description of the system and of how the system provides information about economic results and additional information needed for efficient management of the transformation of biological assets, and how it helps account for the value of labour expended by the farmer and his family