Question: What Are The Important Of Farm Record?

What are the two types of records?

These generally fall into two categories: policy records and operational records..

What is farm planning and budgeting?

It involves planning and includes a set of proposed action taken for a given period to achieve a specified goal or objective. … Budget is concerned with the financial component of the farm decisions and analysis of the probable effect of farm plan on costs of and returns from farm business.

What are the three main types of records?

Types of recordsCorrespondence records. Correspondence records may be created inside the office or may be received from outside the office. … Accounting records. The records relating to financial transactions are known as financial records. … Legal records. … Personnel records. … Progress records. … Miscellaneous records.

What do you mean by farm accounting?

The farm accounting is a technique of using accounting data for cost and profit ascertainment of each farming activity and decision making with regard to the most profitable line of activity.

What are the reasons for keeping farm animals?

By keeping farm animals in barns, farmers can control the temperature inside to keep them comfortable all year long. Another major reason to keep farm animals inside is to protect them from predators. All farm animals are prey animals.

What are the characteristics of a good farm plan?

Characteristics of a Good Farm Plan A farm plan should maximize the resource use efficiency at the farm. It should provide for the attainment of the objectives of profit maximization through optimum resource use and balanced combination of farm. Risk and uncertainty can be accounted for in a good farm.

What is a farm layout?

Farm layout A Farm layout refers to the compiling of physical structures such as homesteads, outbuildings, waterways, contours, water supply roads and the layout of orchards, vineyards etc. Need for Planning • Farming is a competitive business.

What is the importance of farm planning?

The planning process helps to: Identify the goals of the farm business (what you want to accomplish); Identify the farm’s inventory and resources (what you have to work with); Assess the farm business and the environment in which it operates (where you are and where you may want to go);

What are the steps of farming?

These activities include loosening the soil, seeding, special watering, moving plants when they grow bigger, and harvesting, among others. The main steps for agricultural practices include preparation of soil, sowing, adding manure and fertilizers, irrigation, harvesting and storage.

What are the major types of farming?

Top 10 Types of Farming Practiced Across the WorldArable Farming. Arable farming involves growing of crops only in warm climate. … Pastoral Farming. … Mixed Farming. … Subsistence Farming. … Commercial Farming. … Extensive and Intensive Farming. … Nomadic Farming. … Sedentary Farming.More items…

What are examples of records?

Examples include documents, books, paper, electronic records, photographs, videos, sound recordings, databases, and other data compilations that are used for multiple purposes, or other material, regardless of physical form or characteristics.

What are record keeping skills?

By keeping records, we learn to plan and organize our work, evaluate growth, understand financial needs, improve written communication skills, pay attention to details and deadlines, make decisions and set priorities.

What are the importance of farm records?

Benefits of Accurate Farm Record KeepingMeasure 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.More items…•

What are importance of records?

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 do you call a female farmer?

The term farmerette means a girl or woman working on a farm (I would imagine as in hired help).

What is the meaning and importance of farm planning and budgeting?

Farm budgeting is a method of analyzing plans for the use of agricultural resources at the command of the decision-maker. In other words, the expression of farm plan in monetary terms through the estimation of receipts, expenses and profit is called farm budgeting.

What is the importance of farm records and accounts in managing a farm?

If farmers have farm records, they can tell how well they are managing their farm in comparison to other farmers. They can also see the strengths and weaknesses in their farm operations. It is also important to have accurate facts and figures when borrowing money, seeking government loans and tax returns.

What are the three main types of farming?

Types of farmingarable farming grows crops, eg wheat and barley.pastoral farming is raising animals, eg cows and sheep.mixed farming is both arable and pastoral.