As farming becomes more complex and unpredictable with climate change and volatile markets, farmers need all the help they can get to manage risks and increase profits. One of the most effective tools they can rely on is farm record-keeping apps that allow them to track their expenses and revenues, monitor their crops and livestock and plan for different scenarios.
Here’s how farmers can navigate weather-related risks and market volatility by using farm record-keeping apps:
Keeping Accurate Records for Better Decision-Making
The first benefit of farm record-keeping apps is that they enable farmers to keep accurate and up-to-date records of their operations. They can record their expenses, sales, inventory and other important data in a centralised and secure system that they can access from anywhere, anytime. This means they can make informed decisions about crops, livestock and finances based on real-time data and insights.
For example if a farmer notices a decline in milk production, they can check their records and identify the possible cause such as changes in weather, diet or health issues and take corrective measures.
Planning for Different Scenarios to Minimise Risks
Another advantage of farm record-keeping apps is that they allow farmers to plan for different scenarios and mitigate risks.
For instance if a farmer knows that a severe weather event is likely to occur, they can use the app to track their inventory levels, adjust their planting schedule, protect their crops or livestock and communicate with their suppliers and buyers.
Similarly if a farmer anticipates a market downturn or price volatility, they can review their cost structure, explore alternative markets or diversify their products. Because climate change has caused weather patterns to become more unpredictable, farmers can get a clear and organised plan in place to reduce the impact of unexpected events.
Monitoring Performance and Improving Efficiency
Lastly, farm record-keeping apps can help farmers monitor the performance of their farm and improve their efficiency. By tracking their expenses and profits, farmers can identify areas where they can cut costs, use their resources better and increase revenues.
When monitoring their crops and livestock, farmers can also detect problems early on such as pests, diseases or nutrient deficiencies and take appropriate action.
For example, they can adjust irrigation, fertilisation or pest control methods or get advice from experts ahead of time using the data at their disposal. By being proactive and data-driven, farmers can avoid losses and increase their yields.
The use of farm record-keeping apps can greatly benefit farmers in navigating weather-related risks and market volatility. Keeping accurate records, planning for different scenarios and monitoring their performance allows farmers can make informed decisions, reduce risks and improve efficiency.
As farming becomes more challenging and competitive, the use of technology can be a game-changer for farmers who want to stay ahead of the curve. Get a farm record keeping app from AgriChain today. Contact us!
