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Tag: What is the difference between farm accounts and Farm Records

what is the meaning of farm record

what is the meaning of farm record插图

What is Farm Record Farm record is thedocumentation or the writing down of all the activities that are taking place on the farm. It is a written document showing major activities going on in the farming business.

What is farm record keeping?

Farm record keeping is one of the important aspects of farming that can make or mar a farm enterprise. Farm record is a document meant to keep details of every event within the farm; procurements details, cost and revenue, sales records, and other events that need to be captured in simple farm records for the sake of making productive decisions.

What is farm diary record?

Farm diary record is the type of document that houses the daily activities of a farm and the farmer. This farm record book is very important as it serves as a reference book to obtain past information on the farm. Examples in poultry farming, where a farm manager needs to vaccinate his birds or give the birds so medications at a particular period.

What is the difference between farm accounts and Farm Records?

Farm records are different from farm accounts in the sense that farm accounts deal only with the financial aspects of all farm operations Farm inventory: It is a complete listing of all farm assets and materials. Farm inventory includes an estimate of the market value of all materials. This is normally recorded on the last day of the business year.

What is production record in agriculture?

PRODUCTION RECORD: A production record is a record which shows everything that is produced on the farm and how the farm is run. It enables the farmers to know which projects are profitable and this guide him in predicting and planning in future. Below is an example of production record.

What are the types of farm records?

These are the types of farm records an aspiring successful farmer must prepare and keep; they are computer-aided farm records. The importance of farm records is copious and cannot be overruled; the uses of farm record: 1 Procurement of a bank loan. 2 Aids productive decision making. 3 Help to detect fraudulent practices. 4 It helps to know the economic status of the farm. 5 It shows the strength and weakness of a farm

What are the types of farm records an aspiring successful farmer must prepare and keep?

These are the types of farm records an aspiring successful farmer must prepare and keep; they are computer-aided farm records . The importance of farm records is copious and cannot be overruled; the uses of farm record: Procurement of a bank loan. Aids productive decision making.

What can a farm manager do?

With it, a farm manager can access loans, detect fraudulent practices, and know the state of the business. It is a farm accounting record book. In addition, the farm manager can make productive decisions based on the figures present in the record. #3.

What is a diary record?

Farm diary record is the type of farm record that houses the daily activities of a farm and the farmer. This farm record book is very important as it serves as a reference book to obtain past information on the farm. Examples in poultry farming, where a farm manager needs to vaccinate his birds or give the birds so medications at a particular period.

Why are farm records important?

There are different types of farm records that can be kept to monitor the progress of the farm. Farming is no doubt, very lucrative business, and becoming well known around the globe. Lots of people, both old and young, are now delving and swerving the steering of income in agricultural directions but success can only be made with good documentation.

What is farm record book?

This farm record book shows all the input acquired and utilized during the production year, it shows the relevance of a particular input in the production. It shows the level of input application and it is also used in combination with output record to determine resources productivity.

Why is a farm manager a record keeper?

A farm manager must be a good record keeper because farm records are indicators of success or failure in every farm enterprise; it will show the state of the business.