The following is a list of “Measures of Size” for a
farm/ranch. Briefly explain to me why these are not
appropriate measures of how well (or poorly) the operation is
doing. You can either address each item on the list separately or
as a group. Don’t just give me a definition – explain.
Total or gross revenue
Value of farm production
Total farm assets
Total acres farmed
Livestock numbers
Total labor used
Quantity of sales