Importance of inventory records of a farm

• used to calculate the value of farm assets or financial position of a farm
• Well-maintained inventory records can help farmers obtain bank loans. Lenders often require detailed information about a farm’s assets, including inventory, to assess creditworthiness.
• Provide the value of a farm in case of selling it.
• Useful for sharing the estate among beneficiaries in case of death of owner or dissolution of a cooperative.

Good day

Dr. Bbosa Science