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Excerpts from the report Summary: The central purpose of the study on which this report is based was to determine the minimum complement of resources needed to enable farm operators to achieve specified levels of earnings for their labor and management. To carry out this purpose, 8 types of farms were budgeted for 4 levels of operator earnings in 15 selected areas. The budgets describe resource requirements for efficiently organized farms making full use of improved practices and available technology. For this reason, the budgets may characterize rather closely the more progressive and adequate-size farms in agriculture, although they do not necessarily describe current production and income relationships on average or typical farms.


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