OCR Text |
Show SOME 30 Oil 40 FARMERS NOW COOPERATING ON A FARM ACCOUNT PROJECT IN CO. In order to wisely select the crops to be grown and the livestock to be produced, and to keep costs consistent consis-tent with market prices, the farmer needs information about the various vari-ous operations, according to agricultural agricul-tural economists of the Utah State Agricultural college. This information informa-tion must be accurate, specific and often detailed in nature. Herein lies the value of farm accounts. They are a means of securing this valuable knowledge. By keeping farm accounts, the farmer may assemble and analyze specific information about the performance per-formance of the factors of production produc-tion on his own farm. Valuable ni-formation ni-formation will be obtained about his land, machinery, equipment, livestock, live-stock, current expenses, and his own labor and management. Such information infor-mation is indispensable to the most efficient operation of a farm. In case a large number of farmers keep comparable farm account records, rec-ords, as is being done by some 400 farmers in Utah, each may compare his results with those from a group of similar farms. The weak and strong points in his own organization organiza-tion and management can then be easily determined which enables him to arrange and conduct his own farm on a profitable basis. Farm account records become increasingly in-creasingly valuable as the number of years for which the record is kept increases, the economists point out. Although the farm accounting project pro-ject of the U. S. A. C. extension service ser-vice has been in progress but two years, many valuable results have already al-ready been obtained. Most farmers who have kept records during the past two years are continuing and many more are eager to start. In 1931 and 1932 records show that some farmers have made a profit in spite of adverse conditions. Even where profits have not been realized, losses have often been greatly curtailed. cur-tailed. Many farmers are successfully success-fully meeting the ever changing economic conditions by resolutely facing the facts, which their farm records place at their disposal. Farm accounts will lend valuable aid in the solution of many farm problems. A farm account book may be obtained ob-tained from the county extension agents. |