THE DISTRIBUTION OF FINANCIAL RESULTS BETWEEN FARMERS DURING A PERIOD OF AGRICULTURAL SETBACKS: GRAIN FARMERS IN THE WESTERN TRANSVAAL, 1981/82
- 1 February 1987
- journal article
- research article
- Published by Taylor & Francis in Agrekon
- Vol. 26 (1) , 13-19
- https://doi.org/10.1080/03031853.1987.9524089
Abstract
The first half of the 1980s was a period of economic setbacks. Ratio numbers were used to measure financial success in the Western Transvaal. Median profitability was low, but solubility favourable. Excessive use of short-term debt capital was encountered. The median ratio between gross revenue and total costs was unfavourable; over-expenditure on fertilisers, fuel and repairs in particular, reduced profitability. Large variances were encountered in most ratios and distributions were not normal. Those whose performances were weaker in terms of profitability and liquidity incurred larger costs relative to revenue and also invested more.Keywords
This publication has 1 reference indexed in Scilit: