Benefits of keeping farm records.


Date Posted: 5/6/2012 4:39:11 AM

Posted By:  Membership Level: Gold  Total Points: 2764

Record keeping is an essential tool to any business or activity. In the present day farm operations are becoming more and more business oriented, but remember being a good producer is no longer enough to remain in business. The key to becoming a successful farmer today is being a producer as well as good financial manager. Its also an essential for a farm manager to keep good, accurate records and establish a sound record keeping system. Record keeping plays an important and major role in any business regardless of the size,nature or type of business, thus a good enterpreneur must be a good record keeper but unfortunately majority of kenyans especially those in farming business dont keep records at all. Below are the benefits/importance of keeping farm records-
a) It help the farmer or manager in planning improvement for the business and making proper management decisions.
b) It helps in planning and implementing farm business arrangements.
c) Helps to determine what the efficiencies are,measure progress of the business and plan for the future.
d) It helps in accessing credits such as loans,farm implements or inputs.
e) It acts as future reference such that incase of misfortunes any predicessor can take over without any difficulties. Since we have seen the importance of record keeping lets put them into practise and we shall be successful in whatever business activity we are undertaking. Never under estimate your business whether its small or big records are very important. ALL THE BEST TO ALL ENTERPRENEURS.


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