Abstract: This study examines economic structure and results of economic activities of farms (2001-2002 production years) in the context of Yozgat Rural Development Project (YRDP) that implemented between 1991 and 2001 in the Yozgat province in Turkey by International Fund For Agricultural Development (IFAD) and aims at disclosing economic effects of YRDP on farms in the region. For this purpose, farmers living within and outside of the project area were interviewed and a questionnaire study was carried out.Comparative evaluation and factorial analysis methods were employed in the analyses. It was observed that the farmers are not well informed of the objectives of YRDP, project related activities, project implementation agencies and relationships between them. It was also found out that the farmers did not actively participate to several stages of the project (such as planning, implementation and control). YRDP achieved its objectives in some areas (such as road construction, irrigation and domestic water supply), however it could not reach that level in other activities. Yozgat Rural Development Project could not meet the expectations in terms of regional development and several activities (animal husbandry, forestry, women programs, creating additional income sources etc). The main deficiencies of the Project were as follows: insufficient cooperation between implementing agencies, selection of improper tools for creating additional income, selecting region based on unsatisfactory data, inadequate activities towards the old people and the children. Taking into consideration of the factors affecting farm activities and adoption of new rural development approaches such as organic farming, micro-credit applications and rural tourism and also establishing new farmers` associations/unions that utilize Information and Communication Technologies (ICT) will lead to a new understanding for the improvement of individuals living in the region.