Why keeping accurate records is important on the farm
June 19, 2023
There are so many moving parts when it comes to owning and operating a dairy farm. The tasks can sometimes seem overwhelming but there is one task that may seem tedious but can be crucial for you and the future of your operation. Keeping accurate records and establishing a record-keeping system has a long list of benefits that will keep your operation successful for many generations.
Lenders, government agencies, insurance companies and other businesses working closely with your operation will most likely require detailed and well-maintained records of the farm’s assets, liabilities, income, and expenses before providing a product or service. Many of the businesses within farm services, including DFA Financing, DFA Risk Management, DFA Farm Supplies, DFA Insurance will all need different kinds of documentation in order to provide their respective product or service whether that is a loan, insurance quote or product to buy. If your records are accurate, up-to-date and organized, your operation will easily be able to work with other companies in order to get the resources you need to be successful. 

Not only are records important when it comes to working with lenders or insurance agencies, but for your herd as well. All farms should have records on bloodlines, pests, disease, feed types and consumption. These records are crucial to keeping the herd healthy, protected and producing well.

There are so many good reasons on why having a good record keeping system and accurate records are important for your operation, but overall, this is a part of successful farm management and it will help your operation stay efficient and compliant while also helping you to make informed decisions that will help ensure your operations continuity for years to come.