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LO1. Harvest Horticultural/ Crop Produce: The Learner Independently Harvest Matured Crops and Markets Them Properly

Keeping accurate farm records has several important benefits for farmers. It helps farmers plan for the future, track expenses, compare crop yields, ensure food and worker safety, and qualify for loans. The key aspects of farm records include harvest quantities, pesticide use, labor costs, and financial information. Maintaining good records makes the farm business easier to manage and can increase profits over time.

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85 views5 pages

LO1. Harvest Horticultural/ Crop Produce: The Learner Independently Harvest Matured Crops and Markets Them Properly

Keeping accurate farm records has several important benefits for farmers. It helps farmers plan for the future, track expenses, compare crop yields, ensure food and worker safety, and qualify for loans. The key aspects of farm records include harvest quantities, pesticide use, labor costs, and financial information. Maintaining good records makes the farm business easier to manage and can increase profits over time.

Uploaded by

JaideHizoleSapul
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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PNHS HORTI-CROP

Part of Module for T.L.E


Grade Level: 7 Area: ____________
Competency Code:

HARVESTING AND MARKETING

LO1. Harvest Horticultural/ Crop Produce

Content Standard: The learner demonstrates understanding when to harvest and sell the produce
Performance Standard: The learner independently harvest matured crops and markets them
properly

OBJECTIVES: The learner should be able to:

1. Explain the importance of keeping farm record in managing farm business.


2. Enumerate the benefits of keeping farm record.

WHAT DO YOU NEED TO KNOW?

INFORMATION 1.1

RECORD KEEPING

One of the first steps in being a successful farm manager


is keeping well-maintained, accurate records and establishing a
sound record-keeping system. Keeping accurate records has its
benefits, like helping farmers plan and complete realistic
forecasting for the next year.

Why Keep Records:

At a minimum, growers must keep records to comply with legal requirements for taxes and
restricted chemical use applications, but additional record keeping is a valuable tool. Many growers track
their expenses, from equipment runtime, to labor costs, to chemical and fertilizer costs. Tracking labor,
equipment, and chemical costs enable you to make informed decisions when pricing your products to ensure
greater profits.

Harvest yield records can be used to compare crop yield from year to year, to help growers make educated
decisions regarding crop management in the future. You can’t manage what you can’t measure, so record
keeping around harvest quantity is essential to growers tracking their income against cost of production.

Pesticide and Spray records are absolutely essential for both food and worker safety. Records of spray dates,
chemicals used, and safety intervals such as the re-entry interval and the pre-harvest interval protect your
customers and employees from exposure to potentially harmful residues. In many countries, chemical use

PAG-ASA NATIONAL HIGH SCHOOL


Pag-asa, Bansud, Oriental Mindoro
Cp # 0933-944-1481
PNHS HORTI-CROP

reporting is mandatory to comply with regulations around food and environmental safety. Chemical use
tracking is also a key part of tracking overall farm expenses.

Labor Tracking and worker productivity records are an aspect of record keeping that are essential for
managing payroll and piecemeal payouts for your farm workers. More efficient payroll record keeping can
save valuable time and money by speeding up the payroll process. Effectively tracking piece-rates for harvest
can motivate workers, and make assessing overall productivity easier.

Food safety and traceability are a growing concern for growers and consumers worldwide.
A rigorous auditing and record keeping system is required, to ensure safety and traceability of
products being sold to consumers worldwide. Effective record keeping is also a must for an easy auditing
season. The more accurate and precise records you have available for an auditor, the quicker and easier the
process will be.

Loans and Grants


When applying for grants or loans, whether as a small farm or a large business, detailed financial
information and records are often required, either to determine eligibility or to prove that a farm is
financially stable. Financial records, income statements, and expenses should all be up to date. Tracking farm
income and expenses isn’t just important for your bank records though, good records will help you
determine profits and identify any inefficiencies in your business.

Benefits of Accurate Farm Record Keeping

Below are just some of the benefits of keeping farm records accurate and up to date.
• Measure efficiency and progress
• Easier to prepare accounts at year end
• Help plan for GST/HST payments
• Avoid over/under tax payments
• Identify strengths and weaknesses in the farm business
• Help manage changes and improvements in the agribusiness
• Make productivity projections
• Help maximize the expenses you claim and minimize tax burden
• Make it easier to pay employees and creditors and see what is owed
• Simplify process if you want to get a loan or sell the business
• Easier to distribute profits to shareholders (dividends)
• Quicker for partnerships to view profits and losses
• Make it easier should the business get audited by Canadian Revenue Agency

The five M's of Management

1. Money:
Money is the most critical and all purpose resource because it is used to
acquire or hire other resources. In organization , money is employed to generate
more money in the form of profits or surplus. A business firm or enterprise
requires money in the form of fixed capital and working capital.

2. Manpower : manpower refers to the managerial and non-managerial personnel employed in an


organization. Other resources cannot act by themselves and have to be utilized
by human beings.

PAG-ASA NATIONAL HIGH SCHOOL


Pag-asa, Bansud, Oriental Mindoro
Cp # 0933-944-1481
PNHS HORTI-CROP

Therefore, human resources mobilize, allocate and utilize the physical and financial resources of an
organization.

3. Materials : materials represent the physical raw materials and


intermediate products (semi-finished goods ) which are converted and/or
assembled into finished products with the help of certain processes and
technology.

4. Machinery: machines are the equipment used to process the materials into
finished or semi-finished products. Employment of modern machinery helps
to reduce costs and to improve the quality of output. Technology has
therefore become an important ingredient in the efficient management of
organizations.

5. Methods: methods refer to the normal and prescribed ways of doing things
various operations are performed according to certain systems and
procedures. Use of right methods helps to increase efficiency of operations
and contributes to effective management.

HOW MUCH HAVE YOU LEARNED?

Self-Check 1.1

Directions: Answer the following questions. Write your answer in your activity notebook.

1. What are the benefits of farm record keeping? (10pts)


2. What are the 5M’s of production? (5pts)
2. How do the following records help farmers in managing farm business?
a. Harvest yield records (2pts)
b. Pesticide and Spray records (2pts)
c. Food safety and traceability records (2pts)
d. Financial information and records (2pts)
e. Labor Tracking records (2pts)

References:
Learners Module p.41-42
https://www.croptracker.com/resources/farm-record-keeping.html
https://www.southpointfinancial.com/the-importance-of-keeping-farm-records-in-agricultural-production/

PAG-ASA NATIONAL HIGH SCHOOL


Pag-asa, Bansud, Oriental Mindoro
Cp # 0933-944-1481
PNHS HORTI-CROP

PAG-ASA NATIONAL HIGH SCHOOL


Pag-asa, Bansud, Oriental Mindoro
Cp # 0933-944-1481
PNHS HORTI-CROP

PAG-ASA NATIONAL HIGH SCHOOL


Pag-asa, Bansud, Oriental Mindoro
Cp # 0933-944-1481

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