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n. Illinois | Easy answer is no. Consistent values from year to year are the key so you can track financial performance from year to year. Jacking around with the farmland value from year to year destroys that, Yes it can be adjusted for but the vast majority will quickly lose track. Have had customers who left their farmland value at a super low value after the 1980's melt down and I had to explain every year why their overall equity % was low but it wasn't representative of reality because they kept their value so low compared to current values. | |
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Balance sheet adjustment
