Page 334 - Primary Five Science

Importance of keeping records

1. They help the farmer to make financial decisions.

2. They help the farmer to plan well for the farm

3. They help the farmer to work out profits and losses.

4. Track income and expenditure. Farmers most of the time are

not able to give proper accounts on their cash inflows and

outflows.

5. Better farm planning and forecasting. Records keeping pro-

vides valuable information on the methods that work and
why others did not.

6. Book keeping is a requirement for support by banks, donors,

government, and many

other bodies demand

good records before

providing help to farm-

ers.

7. Better prediction of

rainfall and weather

patterns. A farmer, from

the records, decides

when to plant and when

to carry out other activ-

ities on the

farm.