Farm Accounting for Inclusive Growth

Abstract

The paper aims to invite attention towards present agricultural condition and its importance in the achievement of proposed growth rate in Indian economy. The paper is devised to elaborate agricultural activities and productivity of the land and to suggest suitable information system for improvement This will facilitate the farmers to know profitability of each agricultural activity and to adopt appropriate farm practices in order to increase productivity of land.

The study is of exploratory nature. The study involved participatory observation for a period of one agricultural year. Ten farm households were involved in the study. They were asked to observe and write down day-to-day activities performed at their own household level.

The study found that the characteristics of the formers and the farming pattern poses major hindrances in maintaining record of agricultural activities at the farm household level. Adoption of specialized and multiple Forms System becomes complicated and lose its applicability. Therefore, simple Form System is devised for recording farm activities which enables to prepare appropriate accounts and provides factual data for identification of productivity of the land and profitability of a particular crop. This will attract more attention of academicians, researchers and the policy makers to devise standardized farm accounting system' and for inclusion of the farmers, just as industrialists, in the process of economic development. Feasibility of the Form needs to be checked through its execution which is the path for further research.