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What are the two types of records important in agriculture?

What are the two types of records important in agriculture?

On the farm, there are two distinct types of records—financial and production. Financial records relate primarily to money or the financial interactions of the farm. Financial records justify or prove farm income or expense transactions.

What is input record in agriculture?

Record of agricultural inputs This record is used to keep track of all agricultural inputs such as fertilizers, seeds, etc.

What records do farmers keep?

In the case of livestock, the farm should keep records of bloodlines, pests, disease, feed types and consumption. These records help to prevent inbreeding, control pests and disease and provide the bets feed for optimum performance. Spending just 10 minutes per day updating records will save you time and money!

What does Faostat stand for?

The Food and Agriculture Organization Corporate Statistical Database
The Food and Agriculture Organization Corporate Statistical Database (FAOSTAT) website disseminates statistical data collected and maintained by the Food and Agriculture Organization (FAO).

Why farm record is important?

Farming is a business and good farm record-keeping helps the farmer plan and do realistic forecasting. Record-keeping provides valuable information on which methods work. The farmer can better predict price changes of inputs and produce from expenditures and sales records kept from previous years.

What is farm record and account?

FARM ACCOUNTS. Farm account are statements of money paid out or received for goods and services used in a farming business. FARM RECORDS. Farm records are written documents showing major activiyies goimg on in the farming business. To enable farmer to manage his farm very well ,he must keep some records.

Why is record-keeping important in agriculture?

Why is record keeping important in agriculture?

Keeping accurate farm records is crucial to growers who want to measure their efficiency and progress throughout the year. With comprehensive records, time spent on administrative work such as payroll and audits can be drastically reduced.

Why are records important in farm?

How do farmers keep records?

Paper Records Small farms and many businesses just starting out use the shoebox, or folder, method of accounting. Keep all sales receipts in one folder, expense receipts in another, maintain a capital asset depreciation log, and you may have additional folders for farm yield or other data important to the year.

What means FAO?

The Food and Agriculture Organization
The Food and Agriculture Organization (FAO) is a specialized agency of the United Nations that leads international efforts to defeat hunger.

What means FAO in a letter?

​used in writing to mean ‘ for the attention of. ‘ (written on a document or letter to say who should deal with it) see also attn.

What are the five uses of farm record?

Below are uses of farm records;

  • A good farm record enables farmers to manage farm inputs such as seeds, chemicals, fertilizers, and animal feeds.
  • It enables farmers to study and predict the best time, for planting and raising farm animals.
  • It can be used for farm planning and its improvement.

What is importance of record?

Records are important for their content and as evidence of communication, decisions, actions, and history. As public institutions, school boards/authorities are accountable to the public and to government.

What are the Farm Records to keep on a farm?

This is one of the essential types of farm records to be kept on a farm, it is the farm record book that shows the yield or output of the farm. For both animal and crop production; the daily or seasonal production rate is recorded in the record.

What are production records used for in agriculture?

Production records are used to document everything that is formed on the farm. These production records are prepared every week. And then summed up at the end of the month and at the end of the year. Thus, there is a weekly record, a monthly record, and an annual record of everything formed on the farm.

What are the records of the Agricultural Research Service RG 310?

Records of the Agricultural Research Service, RG 310. Records of the Agricultural Cooperative Service, RG 314. History: Established in the Patent Office, Department of State, by an act of March 3, 1839 (5 Stat. 354). Compiled agricultural statistics. Collected and distributed seeds.

What is farm inventory record?

Farm inventory Record This is the farm record that shows the lists of all the items present on the farm at a particular time, examples are farm equipment, farm building, farm plots, furniture, etc.