Skip to main content
NounStudy
Back to Course Catalog
AEA305Agricultural Sciences2 Unitsintermediate

Introduction to Agricultural Finance

This course introduces the principles of agricultural finance, insurance, and risk management within the agricultural sector. It explores the nature of agricultural production, associated risks, and various risk management strategies. Topics include agricultural insurance, risk assessment, government roles, and the use of information technology in mitigating agricultural risks. The course aims to equip students with the knowledge to understand and manage financial risks in agriculture.

Take a Practice TestGenerate AI Study Notes

Take a practice test or generate AI study notes to help you excel in this course.

60h
Study Time
13
Weeks
5h
Per Week
basic
Math Level
Course Keywords
Agricultural FinanceRisk ManagementAgricultural InsuranceRisk MitigationAgricultural Lending

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Agricultural Production

2

Agricultural Risks

3

Risk Management

4

Risk Mitigation Strategies

5

Agricultural Insurance

6

Government Policies

7

Information Technology in Agriculture

Total Topics7 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Farm Manager

Apply your skills in this growing field

Agricultural Consultant

Apply your skills in this growing field

Agricultural Loan Officer

Apply your skills in this growing field

Insurance Underwriter

Apply your skills in this growing field

Agribusiness Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

FarmingAgricultural FinanceInsuranceGovernment AgenciesAgribusiness

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Nature of Agricultural Production

4h

Unit 1: Meaning of Agriculture, Characteristics of Agricultural Production

2 study hours
  • •Define agriculture and its characteristics.
  • •Explain the biological process in agricultural production.
  • •Discuss the features of agricultural production and associated risks.

Unit 2: Nature of Agricultural Products

2 study hours
  • •Explain the nature of agricultural products.
  • •Describe the implications of agricultural products on transportation and demand.
  • •Differentiate between agricultural products and products from other sectors.
Week
2

Module 1: Nature of Agricultural Production

2h

Unit 3: Problems of Agricultural Products Necessitating Insurance-Taking

2 study hours
  • •Identify the problems associated with agricultural products.
  • •Describe how these problems necessitate insurance taking.
  • •Discuss seasonal production and its impact on agricultural products.
Week
3

Module 2: Meaning, Sources and Types of Risk

2h

Unit 1: Meaning, Classification and Nature of Agricultural Risk

2 study hours
  • •Define risk and uncertainty.
  • •Classify different types of risks.
  • •Explain the nature of agricultural risks.
Week
4

Module 2: Meaning, Sources and Types of Risk

2h

Unit 2: Sources of Risks in Agriculture

2 study hours
  • •Identify the sources of agricultural risks.
  • •Discuss how these sources impact agricultural production.
  • •Explain the implications of natural hazards on agricultural risks.
Week
5

Module 2: Meaning, Sources and Types of Risk

2h

Unit 3: Categories of Risks in Agriculture

2 study hours
  • •Explain risks that are peculiar to agriculture.
  • •Identify the sources of each type of risk.
  • •Differentiate between input and output risks.
Week
6

Module 2: Meaning, Sources and Types of Risk

2h

Unit 4: Effects of Risk on Agricultural Industry

2 study hours
  • •Explain the consequences of risk on farm production.
  • •Highlight the effects of risk on investment in the agricultural sector.
  • •Discuss the effects of risk on the welfare of farmers.
Week
7

Module 2: Meaning, Sources and Types of Risk

2h

Unit 5: Risk Attitudes of Farmers

2 study hours
  • •Explain the risk attitudes of farmers.
  • •State the determinants of risk attitudes.
  • •Discuss the implications of each category of risk attitudes on adoption of innovation.
Week
8

Module 3: Risk Management

2h

Unit 1: Meaning and Scope and Risk Management

2 study hours
  • •Explain risk management.
  • •Identify the threefold approach to risk management.
  • •State the principles of risk management.
Week
9

Module 3: Risk Management

2h

Unit 2: Risk Management Process and Benefits of Risk Management

2 study hours
  • •Discuss the risk management process.
  • •Explain components of the risk management process.
  • •State the benefits of the risk management process to farmers and the national economy.
Week
10

Module 4: Strategies in Risk Management

2h

Unit 1: Enterprise Diversification and Vertical Integration as Risk Mitigation Methods

2 study hours
  • •Define mitigation.
  • •Explain enterprise diversification as a means of risk mitigation.
  • •Discuss vertical integration and explain its use as a risk mitigation method.
Week
11

Module 4: Strategies in Risk Management

4h

Unit 2: Hedging, Leasing and Off-farm Employment as Risk Mitigation Methods

2 study hours
  • •Explain the meaning of hedging and leasing.
  • •State the advantages of leasing.
  • •Discuss the use of off-farm employment as a risk mitigation method.

Unit 3: Management Alternatives, Information and Technology as Risk Mitigation Methods

2 study hours
  • •Explain management principles that can be used to mitigate specific agricultural risks.
  • •State the importance of information in risk mitigation.
  • •Discuss the roles of technology in risk mitigation.
Week
12

Module 4: Strategies in Risk Management

4h

Unit 4: Risk Transfer/Sharing Strategies

2 study hours
  • •Explain the meaning of risk transfer/risk sharing.
  • •Discuss the means of risk transfer.
  • •Describe production and marketing contracts.

Unit 5: The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL)

2 study hours
  • •State the goals of NIRSAL.
  • •Discuss the NIRSAL concept.
  • •Identify the NIRSAL crop pilots.
Week
13

Module 4: Strategies in Risk Management

2h

Unit 6: Risk Coping Strategies

2 study hours
  • •Explain the meaning of risk coping strategy.
  • •State and discuss the means of coping with specific risks in agriculture.
  • •Describe liquidity management and its importance.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

Access PDF Material

Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all module summaries to reinforce key concepts.

2

Practice applying risk management strategies to real-world agricultural scenarios.

3

Focus on understanding the different types of agricultural insurance and their applications.

4

Create concept maps linking Units 3-5 on risk assessment and mitigation methods.

5

Study government policies related to agricultural risk management and their impact on farmers.

Related Courses

Other courses in Agricultural Sciences that complement your learning

CRD301

Consumer Cooperatives

2 Units
AGR302

AGRICULTURAL STATISTICS AND DATA PROCESSING

2 Units
CRP313

PERMANENT CRPS PRODUCTION

2 Units
View All Agricultural Sciences Courses