Financial Statement
A scheme of Financial Statement
for agricultural holdings
The Financial Statement makes possible the management of technical, economic and financial data of agricultural holdings and the measurement of performance through the analysis of the operating results.
Farm capital and assets
The farm organization of land, buildings, machinery, and equipments.
Economic data
The sales of production and services realized by the farm processes (crops and livestocks), the other gainful activities and the revenues from public subsidies
Technical data
Land use, livestock management, labour, production processes, quality certification.
Financial data
Debts, receivables, claims from cooperatives or public administrations.
Comparative Financial Statement
2010
Conventional
Agricultural activities carried out according to traditional techniques, with a predominance of farmhouse consumption and supply of agricultural production to cooperatives or directly to the market
2013
Conversion
Introduction of new sustainable production techniques, introduction of new cultivars, commercial agreements with large-scale retail trade.
2016
Organic
Production and distribution of organic production with PDO marks, farm-to-table productions, and supply chain agreements
2020
Precision agricolture
Investment in ICT technologies, e-commerce and productions with marks. Sharing, testing and social engagement.
The Financial Statement can be used as an instrument to plan the farm activity.
The Comparative Financial Statement Report allows the comparison of farm results between two difference years.
Who can use it?
Schools
The agronomic schools and the specific accounting courses in the Agricultural Faculties can use the simplified Financial Statements for teaching and experimental activities.
Agricultural holdings
Farms can use the scheme of Financial Statement to evaluate their own capacity of farm management, thanks to a user-friendly and self-teaching approach.
Consultancy and Advisory Services
They can use the Financial Statement to improve their technical assistance services for the farms and to strengthen their professional capacity.The Italian FADN
The Italian Farm Accountancy Data Network (FADN) is an EU instrument having as objective the knowledge of the economic situation of European agriculture and the planning and evaluation of the Community Agricultural Policy (CAP).
The Italian FADN is based on a stratified sample of about 11,000 holdings representing the different types of production and size of the national agriculture.
The primary task of FADN is to meet the information needs of the European Union for the definition and evaluation of the CAP.
FADN represents the main source of microeconomic information for EU Commission and the Member States: it is a bases for the impact assessment of CAP changes and intervention, mainly through the simulation of different scenarios on the farm economic, environmental, and social sustainability. FADN is used also for the justification of the agricultural subsidies financed by the European Union and for the assessment of the importance of agricultural enterprises as suppliers of common goods.
FADN data are protected by specific Community and national rules: it is forbidden the use for purposes different from the evaluation of agricultural policies or sectoral studies and analyses. FADN data may not be used for administrative checks or tax audits.
Italian FADN figures
11
Farms in FADN sample
11,5
Agricultural area represented
600
Farms in the FADN field of observation
44
Value of revenues
All the data of your farms collected with the Financial Statement scheme could be compared with an analogous FADN farm group (same characteristics in terms of farm type and economic size) for an evaluation on the farm performance level.
Financial Statement DataSheet
Go to FS DataSheet website
