©Shutterstock Woman in nose mask feeding her turkey.
As previously mentioned in our previous articles, poultry farming is a full-blown business similar to the businessperson who imports from abroad and sells at Makola or the individual who produces sachet water for the market. Basic knowledge in arithmetic is very vital for every business in the world. Similarly, poultry farming involves a lot of math.
From the very day the chicks arrive, you’d have to monitor them by marking them day by day in other to help know the drugs to administer or the type of feed that will suit them at every point in time. Calculations would have to be done to ascertain the amount of money spent on feeding in other to help know if you’re on course or going wayward; a business plan will give you a reference point to track your progress.
You don’t need to have a degree in Mathematics to effectively manage a poultry farm – all you need to know is addition, subtraction, multiplication, division and maybe percentages. There are thousands of businesses out there who don’t keep books but have survived for years. That’s not to say I’m endorsing businesses who don’t keep books. That’s against everything I have learned as a trained Accountant (all I’m trying to say is basic math skills like addition and subtraction may be enough). However, in recent times where the poultry industry has been projected to be one of the biggest industries in the coming years, farmers need to take notice of whatever they do. You’d one day need a loan in other to expand your business. Financial institutions will surely ask you to present your set of books on the business in other to ascertain your creditworthiness.
I always ask farmers to hire professionals like accountants who will do a neat job on the finances of the business and keep books that will always help to know the financial standing of the farm. PKOM Bookkeeping has been doing this for years and we have got you covered if you wish to hire people to run your books. In this day and age, you can’t afford not to keep books on your poultry business because you’ll be missing out on so many advantages.
At PKOM Bookkeeping we’ve got you covered relative to everything poultry business.
Math is important in this business and if you have a weakness there, I’ll advise you to get someone to keep tabs on your farm relative to arithmetic data.
Pkom 