Farm Records And Accounts JSS3 Agricultural Science Lesson Note

Types of Farm Records

Many records need to be kept on a farm, some of which are

Farm diary: This is a record of day-to-day records of everything that happens on a farm.

Farm inventory: A record of all assets owned by the farmers and the cash values of the item e.g. land, equipment, crops in the farm, and storage.

Input records: This is a record of all the items in running the farm during the years; it’s used in calculating the farm profit

Production Records: A record of all items produced on the farm, enables the farmers to know which projects are more profitable.

Labour Diary: This is a record of day-to-day work done on the farm, it’s used to determine the work done, the amount of labour expended, and the cost at the end of each operation

Sales records: Records of all products sold by the farmer e.g. eggs, yam, goat, etc

Consumption records: A record of all farm products consumed by the farmer and his family