An enlightened person calculates the book or income of any of his business with such precision that he knows that through it he gives more idea about where to improve his business further. In this way our farming is not a business, so the cost of farming must be calculating very accurately.
It is important to take into calculating when we do any big or small activity. We can know how much loss or profit we have made in this business and we can plan to make more profit by improving it further. calculating farming costs is also a business. So it is very important to it in a scientific way.
In agriculture, from the beginning of the harvest to the time of harvest, we have spent a lot of money on fertilizers, pesticides or other labor.In addition to this, the interest we have often taken from the bank should also be included in the cost. Farmers are very indifferent in this matter. What doesn’t grow is asking such questions.
See for yourself why there are benefits to calculating farming costs and then you will automatically do the same.
Utility for the farmer
By keeping an account of his income and outflows, the farmer will get an idea of how much profit has been made from the witch crops and how much damage has been done to the crop.Advance planning of the farm gives an idea of how much money is required for which crop.
Which crop to grow in agriculture should be considered in advance which helps in borrowing the money required for sowing from the bank and can avoid further losses by borrowing on interest or from others. Lower costs will have a direct effect on your profits. In short, if we want to enrich more agriculture, we have to calculate the cost of farming.
Utility for government
If an agriculture minister like India wants to develop the country, development will be possible only with the help of farmers. That is why the government makes new agricultural policy reforms every year. Today we have the task of fixing affordable prices in groundnut or other crops grown in our region. Our calculations are taken into account to determine these prices.
The calculation of farm cost is the main eighteen to determine the lagutam prices.
Our farming is based on nature. Sometimes more rain fails. Sometimes not a single drop of water falls from the sky and we are not a crop. Involuntary infestation of locust-like organisms helps the government to prevent damage to our finished crop. The government decides to compile these figures and benefit the farmer.
The government or some big agency buys or uses the farmer’s land for development works. How much damage should be done to the farmer’s crop?To solve this question the calculation of farming cost is taken into consideration. Farmers often challenge the court for not getting proper compensation and the court also gives judgment keeping these records in mind.
For a bank as well as a lending institution
Banks as well as lending institutions lend to farmers for various crops. This bank or other lending institution gives loans on the basis of calculating the prevailing farming cost to determine the amount of lending. There should be no more.
It should not be further so that this amount is used for non-productive work and the burden of interest does not increase and does not harm the income. When the farmer needs money, he gives the farming paper and asks for a loan for its various activities. The cost of farming is very useful to determine the amount to be given to the farmer.
Excellent method of calculating farming costs
The market will boom only if our agriculture is viable. And we have to try to make our agriculture viable. We have to turn to some modernity. Because how much better life. The people of any country can live depends on its rich farming. It will be a great loss for the near future.
In agriculture today, the cost of heavy machinery like tractors, removal of seeds, fertilizers, weeds as well as the cost for harvesting are increasing. That is why it is very important for us to calculating farming costs. By doing so, we realize that this crop has suffered a lot in the last year while the other crop has made more profit at a very low cost.
Generally, we calculate the cost of farming by the farmers only using the money paid for the fertilizer used in it, the seeds or the rental equipment brought for its cultivation or harvesting. But this calculation is very wrong. If we calculate the cost of farming, we should consider not only the fertilizer seed but also the interest of the capital used for it and human labor.
CACP implemented across the country. The method should be kept in mind.CACP. The Government of India established its Agricultural Pricing Commission in 1965. Collecting cost calculation statistics helps in determining the minimum farming Costs.