Record Keeping as a Form of Risk Management
Record keeping is a topic few producers care to discuss or do. It can be time consuming and take valuable time away from your field work.
However, it is becoming a critical task in production agriculture.
- Currently, government agencies, lenders, and insurance companies are requiring better and more accurate records. Not only bushels per acre, income and expenses, but also weather records are becoming increasingly necessary.
- Another need for accurate record keeping which is becoming increasingly more important is certification for Good Agricultural Practices (GAP) and Good Handling Practices (GHP) or organic production. Both of these require you to not only keep good records but also provide documentation.