OCR Text |
Show A Farm Inventory Practically every business in the commercial world takes takes an inventory at least once a year, many quarterly and not a few every month. Good managers would not think of trying to do business without such a check-up. Farming is a business. In fact, it is a rather complex business, and an annual inventory is just as valuable, and should be considered just as necessary as it is to any other business. Right now, before the start of another busy farming farm-ing season, would be a very appropriate time for farmers around Washington county to give the subject their attention. at-tention. Take stock of your personal and real property, your livestock, hay grain, implements and equipment of all kinds. List the money you may have in bank and all outstanding debts that may be due you. Balance this against whatever what-ever obligations you may have, and thus determine exactly where you stand from a financial standpoint before starting on another crop year. Later on you will find a comparison of inventories helpful in deciding which projects are most profitable. Every farm, the same as any other type of business, should be conducted along systematic, regulated methods. It is not only helpful, but is essential if the farm is successfully operated. The farmer who "keeps books" has a much firmer hold on his affairs than the one who doesn't. And those who make it a rule to take a yearly inventory are less apt to find themselves going into the hole. |