The article considers the problem of reciprocal relations between income on the one hand and consumption and accumulation on the other in private farms keeping business accounts. The analysis reveals that the level of income exerts influence on consumption and accumulation. The level of the latter two competitive values is influenced by the level of income. I particular, the cosumption fund is slower to react to changes of income than the accumulation fund. Generally, the proportions of the distribution of income depend on the hitherto existing level of consumption, the prospects of its increase and the profitability of agricultural production. The level of consumption and accumulation in particular groups of farms is shaped by the...