Financial Analysis South Dakota Farm Panel Records Program 1972

The data in this report have been obtained from a selected number of farms located in Hyde, Hand and Faulk counties. South Dakota. It is a summary of data gathered in the first 3 years of a pilot program for the development of a computerized farm financial information system. For this reason the data in this report cannot be interpreted as representative of all farms or all areas of South Dakota, However, it can serve as a guide to those persons with farm operations similar to the ones included in this report. This analysis compares the 1972 costs and returns for the average farm on the panel with costs and returns in 1970 and 1971. Individual operators may likewise study their businesses by comparing this year’s records with those of past years. Such a comparison may be just as helpful as comparing their individual operation to the average farm operation