Show F farm arm accords conserve money more interest was war shown this past year by vintah uintah county farmers farmer jn n keeping farm arm records than a year ago gas tax refunds have presented an incentive in keeping records as well as the responsibility lity each former farmer has to file income tax through the better farming program there has been a concentrated effort toward encouraging record keeping tar fur managerial purposes alf ty two families improved their record keeping for or anal mystical purposes four hundred twenty three contacts were made for planning and management of the farm bustness business families Fd milies receiving fertilizer from TVA must sign a report that they are keeping up to date records seventeen cooperators are on the TVA pro gram and with few exceptions all have kept farm accounts fifteen cooperators are un on the better farming for better living program and have all kept farm farak accounts many record books book were summarized to show chow where expenses were excessive and where manag managerial frial changes could be made one family asked the better farming agent to assist with their anal bols their total indebtedness was determined and interest rates figured for each amount borrowed one amount of 00 on a car was costing 34 percent interest another sum of 00 on storm win dows was costing 29 percent and a third sum of 2700 00 on machinery wax was costing 12 percent interest in contrast a real estate loan of was at 5 percent simple inter est cst loaning rates of this type were analyzed and as a result this man re financed the high interest rate bearing loans into one bealing 7 percent simple inte interest reit thus saving himself 00 annually this is just one example of many farmers who have bent bene fitted by record book analysis the utah farm family account book was kept by many families who are aware of the value of record keeping and they feel the help this be ac count gives on making out income tax reports is worth the time spent this record book is available at the county extension service office |