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1.2.a.sci.d3.farm Records

Farm records are essential written documents that track major activities in farming, helping farmers monitor prices, financial positions, and profits. They are maintained using modern technology and include various types such as farm diaries, inventories, input/output records, sales records, production records, and labor records. The importance of these records extends to informed decision-making, loan procurement, tax determination, and performance evaluation.

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Olusola Isaac
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22 views14 pages

1.2.a.sci.d3.farm Records

Farm records are essential written documents that track major activities in farming, helping farmers monitor prices, financial positions, and profits. They are maintained using modern technology and include various types such as farm diaries, inventories, input/output records, sales records, production records, and labor records. The importance of these records extends to informed decision-making, loan procurement, tax determination, and performance evaluation.

Uploaded by

Olusola Isaac
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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AGRICULTURAL

SCIENCE

DIVISION 3

FARM RECORDS
FARM RECORD
 Farm Records are written documents,
showing major activities going on in the
farming business.

 They tell us about what is happening in a


farm business.

 Farmers now use mobile phones, laptops


and desktops to keep farm records.
IMPORTANCE OF FARM RECORDS
1.It enables the farmer to monitor the
changes in prices of product brought or sold.
2.It shows the financial position of the farm
3.It helps to determine profit
4.Detection of fraudulent decisions
5.For taking informed management decision
6.For procurement of loans
7.For determination of annual tax
8.Determining the actual worth of the farm
9.For comparing management efficiency
10.To evaluate performance of an enterprise
11.To estimate future farm returns.
12.It provides basis for conducting research.
13.To monitor health status of crops and
animals.
TYPES OF FARM RECORDS
1.FARM DIARY
It is a record showing all the daily activities on the farm. These are the records of
all important daily activities and events that happen on the farm. These records
help the farmer keep track of past farming activities and plan for future
activities.
2.FARM INVENTORY
This is a record showing the list of items on the
farm. It shows the machines ,tools and other
items on the farm.
3.INPUT RECORD
This is a record showing the amount of
items entering the farm and used for
production.
Examples are
Number of fertilizers
Number of bags of maize
4.OUTPUT RECORDS
They are records showing the
items or materials leaving the
farm
5.SALES RECORD
It is a record showing the sales
going on the farm.
It shows the quantity sold, the
price and the time sold.
6.PRODUCTION RECORD
This is a record showing the quantity farm produce
gotten from plants and animals .
7.LABOUR RECORD
This shows the number of farm hands, the hours worked ,the type of farm
work done .

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