Farm records and accounting help the farmer to manage his farm as a business. By keeping track of income and expenses, the farmer can make informed decisions about what crops to grow, when to sell them, and how to allocate resources. This allows the farmer to optimize his profits and minimize losses.
Additionally, keeping farm records can help the farmer to identify areas where improvements can be made, such as in crop yields or equipment maintenance. By monitoring his financial performance over time, the farmer can also identify trends and make adjustments to his farming practices accordingly.
Overall, maintaining accurate farm records and accounting is crucial for any farmer who wants to run his farm as a successful and profitable business.