arcmap - Is there a way to link ArcGIS to MS Access and use that DB?

I have an IT background but I am new to GIS. I recently recieved training using ARCMAP.

I have about 5000 farmers that I need to put in a database and access the information using GIS. The vision is to have a map and when I click on a particular plot of land I need to see the related farming information (Owner, productivity etc)

My question is - could I create a database using ARCGIS or is there a way to link ARCGIS to MSAccess and use that DB. I need someone to point me in the right direction. The resulting Map/Database should be Easy to use and update. Reports amay also neeed to be run on a monthly basis.