The success of any agri-business depends on accurate record keeping. Farm records keeping is an activity most farmers try to avoid. They say it is time-consuming. However, record keeping is a very important task in agriculture. If you plan to be a prominent farmer with productive farms, you cannot avoid record keeping in your daily farming endeavours.
Expenses and income records helps to determine profit or loss at the end of the financial year. Above all, record keeping helps to evaluate management practices that might need to be improved upon. In this post, i will give farmers and intending farmer’s reasons to be very particular about records keeping.
- Better farm planning and forecasting