This paper assesses the impact of existing financial data gaps and specifies future data collection priorities that will substantially improve farm financial analysis. Development of farm sector financial accounting has been hampered by a lack of an understanding of Flow-of-Funds (FOP) objectives at the national level and the intermingling of FOF concepts with National Income and Product (NEPA) accounting concepts at the sector level. In addition, lack of documentation of data sources and data estimation methodologies has blurred the issue of data quality and in turn retarded both the development of improved data collection procedures and farm sector accounts.