This report is the second in an annual series of economic surveys which concentrate on financial aspects of New Zealand wheatgrowing farms. These surveys have been undertaken by the Agricultural Economics Research Unit at Lincoln College on behalf of the Wheatgrowers Sub-Section of Federated Farmers of New Zealand (Inc.). The principal objective of this survey is to establish, from farm accounts and personal interviews, financial data pertaining to wheatgrowing farms in the 1978-79 financial year. Such data will allow a more comprehensive picture of wheatgrowing in New Zealand, in line with that available for other major New Zealand farming industries.