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Blog thoughts

Farming is a business

12/4/2018

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"Farming is a business.  Ills of many industrial and commercial businesses in our large cities are corrected by the inauguration of better financial, accounting and marketing policies...Many of the ills of the farming business likewise can be cured by good management from within rather than legislation from without the farm boundaries.  Accounting is one of the best tools of the successful manager anywhere.  If the farmer can keep accounts even on a simple basis and learn to use them properly he will be in a better position to detect his weaknesses in producing and marketing the products of the farm."  -Hiram T. Scovill, (The Accounting Review, 1926)

Barbara M. Wheeling opens her book, Introduction to Agricultural Accounting, with this quote from Hiram T. Scovill written in 1926.
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