Skip to main content

Extension

Open Main MenuClose Main Menu

The Oklahoma Farm Family Account Book

This farm account book has been prepared for families to keep a record of the financial transactions of the farm. Many farm families attribute their success to keeping records during a period of years.

 

The incentives for keeping records are the greatest farmers have ever known. The Internal Revenue Service is re-checking more tax returns, and examining farm returns to make sure operators are treating the business as a business and not a hobby, therefore, it will be necessary for farmers to have their financial transactions in the best possible business order. Do not worry if records do not balance to the exact penny. The primary purpose is not bookkeeping, but money management. This circular provides a record-keeping system for farm records to help make better decisions, verify income and expenses, and complete your tax forms.

 

E-823

Was this information helpful?
YESNO
Fact Sheet
Screening Potential Tenants for Agricultural Land

By Courtney Bir and Brent Ladd. Learn more about How to Screen for Potential Tenants, such as understanding the lands potential, constraints, what to expect, how to set non-negotiables, setting expectations and what qualifications are valued in a tenant.

Estate Planning & TransitionsFarm & Ranch FinancesLand ValuesLeasing & Rental Rates
Fact Sheet
Hydroponics

By Bruce Dunn. An explanation on what hydroponics is, instructions for how to construct a system and guidelines on how to maintain a growing garden.

CropsGardening & Lawn CareGreenhouses & Indoor GardeningHydroponicsOrganic & Sustainable
Fact Sheet
Goal Setting for Farm and Ranch Families

By Rodney Jones, Courtney Bir and Brent Ladd. A worksheet that encourages individuals to create a well-developed “road map” for a farm or ranch along with a helpful guide to goal setting.

Budgets & RecordkeepingBusiness Planning & ManagementFarm & Ranch FinancesParenting & Family Relationships
Fact Sheet
USDA Program Recordkeeping Requirements

By Brent Ladd, Rodney Jones and Courtney Bir. Learn about multiple farm programs are offered to assist agricultural producers through the Farm Service Agency, Natural Resources Conservation Service and Risk Management Agency. Qualifying for federal government farm programs and retaining eligibility are two of the many benefits of maintaining good records. It can be challenging to understand the different recordkeeping requirement for such a wide variety of programs. This fact sheet provides information on recordkeeping requirements to aid producers in choosing government farm programs.

Budgets & RecordkeepingBusiness Planning & ManagementFarm & Ranch FinancesNatural Disaster RecoveryWeather & Disaster Preparedness
VIEW ALL
MENUCLOSE