Explanation

Differences between the digestive system of a goat and a chicken

(c)   Reasons why farmers keep records

• Farm records when properly kept, provide the farmer with valuable information for future budgeting and planning of the farm;
• Details of farm records are used for taxation/tax assessment;
• Farm records can enable the farmer to obtain loans from banks;
• Used for auditing the farm/farm evaluation;
• The records will enable the farmer to know whether his farm is progressing from one year to another/strengths and weaknesses of the farm/credit worthiness;
• Help to detect fraudulent practices on the farm;
• Enable farmers to compare one enterprise to another on the same farm;
• Help in decision making;
• Show the history of business transactions of the farm.

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