Farm records are written account of work expenses and income in farming enterprises.
Importance of Farm records
- Farm records enable the farmer to make proper return to the boards of internal revenue for correct tax assessment
- It provides the farmers with the clear idea of how much money is coming in and how much it is wise to spend
- It enables the farmers to know whether he is making profit or loss
- It helps the farmer to obtain loans and subsides from government
- It helps the farmers to make budgets and plan his business
- It enables the farmers to make good management and decision
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See also
HUSBANDRY AND CULTIVATION OF SOME SELECTED CROPS