2. Inventory – in simple term it means keeping
track of raw materials and finished products in
stock. When we talk about agricultural
inventory, those are various fertilizers,
pesticides, fuel or seeds that the farmers used
in their production.
3. Types of Farm Records and their Uses
1. Records of Farm Tools and Equipment - This is used to keep an
inventory of all the equipment in the farm and its quantity. It also
contains the date of purchase of the equipment and sometimes
their description
2. Record of Agricultural Input - This record is used to keep
track of all agricultural inputs such as fertilizers, seeds etc.
It records also contains the amount of what was bought,
the amount that has been used, and what was left.
4. 3. Production Records - Used to record everything that is
produced in the farm. These records are prepared every
week. Then, summed up at the end of the month and also at
the end of the year.
4. Records for Farm Use - Used for recording the date the
land was prepared for farming, the number of plots or
hectares used in planting, the plants planted on the farm and
where they are planted.
5. 5. Farm Expenditure Records - Farm expenditure records
are used to keep a record of all expenditures.
6. Workers Records - used to keep the record of staffs,
their salaries, and payment. It is also known as labor
record.
7. Vehicle Records- used to keep a record of all vehicles
used on the farm, petrol and oil used, and also any repairs
and services with a corresponding date.
8. Sales record - used to keep the record of all sale
production made from the farm.
6. MAINTAIN PRODUCTION RECORD
Production Record -are used in farming as way of
record keeping to better maintain a crop.
Production Plan -all the details relating to how
your farm operation will produce market products.
7.
8. Schedule of production activities -It records
the schedule of production activities.
Production Report -is used in farming as part
of record keeping to better maintain a crop.
9. Crop- refers to the plant or plant
product that is grown by farmer.
Area Planted- refers to the land area
on which farmers have planted their
plant crop.
10. Area Harvested- refers to the land area
where crop is being harvested or gathered. It
does not include the area planted where
there is no harvest due to failure or damage.
Production quantity- refers to the total crop
produced or harvested.
11.
12. Input and Production Monitoring- Tracking
inputs such as fertilizers, soil nutrient
additives, and crop response to those
inputs over time can give data which
inputs can help you to have a higher
production.
13. PREPARE FINANCIAL RECORDS
1. Examine Records in Crop Production- Output analysis should be
easy to adjust to the farmer’s raisers' needs.
2. Inputs in Crop Production -prospective investors ought to
contemplate the subsequent thought before planning to begin the
farming operation.
14. Cost and Profit Analysis -a document that shows how
much profit the farmer will gain for the production of
crops.
Cost of Production- the total expenses of the
production.
Sales- selling a goods or product in exchange of money.
Capital – money needed to produce goods or services.
Net income- the total income earned minus cost and
other expenses.
15. Return on Investment (ROI) -is the amount that goes
back to the person who put money in the business.
