Farm Business Organisation

1. Define and apply farm management principles.
2. Maintain and analyze farm records for informed decision-making.
3. Allocate farm resources efficiently to maximize productivity.
4. Identify and mitigate risks in agricultural production.
5. Understand agribusiness marketing strategies and channels.
6. Analyze the economic climate and business challenges in Nigeria.

13 weeks, about 36 hours in total. Yours will differ.

1. Week 1Module 1: Nature and Scope of Farm Business Organization

   • Unit 1: Definition and Scope of Farm Business Management · 2 hours

     Define farm management and its dimensions.. Discuss the perspectives of extension workers and researchers on farm management.. Explain the concepts of farm organization and operations..

2. Week 2Module 1: Nature and Scope of Farm Business Organization

   • Unit 2: Objectives of Farm Management · 2 hours

     Explain the farm as a production subsystem.. Discuss resource scarcity in farm management.. Outline the steps in decision making: choosing alternatives, taking action, evaluating consequences, and bearing responsibility..

3. Week 3Module 1: Nature and Scope of Farm Business Organization

   • Unit 3: Nature of Farm Management Decisions · 2 hours

     Identify the basic farm management decision-making questions.. Explain the principles used in answering these questions.. Discuss the dynamic nature of farm management decisions..

4. Week 4Module 1: Nature and Scope of Farm Business Organization

   • Unit 4: Organization of the Farm Set Up · 2 hours

     Describe the factors to consider in organizing a farm setup.. Explain the principles for planning the layout of a farm.. Discuss the selection and adjustment of enterprises..

5. Week 5Module 1: Nature and Scope of Farm Business Organization

   • Unit 5: Attributes and Functions of a Farm Manager · 2 hours

     Explain the attributes of a good farm manager.. Discuss the functions of a farm manager: planning, organizing, directing, and controlling.. Describe the steps in the problem-solving approach..

   • Unit 6: Application of Management Principles to Farm Organizations and Operations · 2 hours

     Explain farm planning and budgeting.. Define gross margin and its application.. Prepare a complete and partial budget..

6. Week 6Module 2: Farm Records And Accounting

   • Unit 1: Farm Business Analysis · 2 hours

     Explain the objects of farm business analysis.. Discuss the stages of farm business analysis: recording, analysis, and presentation.. Define farm accountancy and its importance..

   • Unit 2: Methods of Collecting Farm Management Information · 2 hours

     Explain the methods of collecting farm management information: positive and normative approaches.. Describe the farm account books method, farm business survey, and cost route method.. Discuss the model farm method and the experimental demonstration plot approach..

7. Week 7Module 2: Farm Records And Accounting

   • Unit 3: Farm Records · 2 hours

     Define farm records and accounting.. Discuss the advantages of farm records and accounts.. Explain the problems and difficulties in farm accounting..

8. Week 8Module 2: Farm Records And Accounting

   • Unit 4: Balance Sheet · 2 hours

     Explain the balance sheet statement.. Classify assets: current, intermediate, and fixed assets.. Classify liabilities: current, medium-term, and long-term..

9. Week 9Module 2: Farm Records And Accounting

   • Unit 5: Profit and Loss Account and the Cash Flow Statement · 2 hours

     Compute profit and loss account for a given farm.. Explain the cash flow statement and its usefulness.. Identify streams of income and expenditure in a farming enterprise..

10. Week 10Module 2: Farm Records And Accounting

    • Unit 6: Farm Business Analysis · 2 hours

      Explain liquidity, solvency, profitability, and efficiency.. Use ratios and indicators to analyze farm business performance.. Discuss the importance of record keeping for informed decision-making..

11. Week 11Module 3: Acquisition and Use of Farm Resources – Land, Labour, Capital and Management

    • Unit 1: Meaning and Scope of Farm Resources · 2 hours

      Explain the meaning and scope of farm resources: land, labour, capital, and management.. State the rewards for using different farm resources: rent, wages, interest, and profit.. Discuss the methods of acquiring farm resources: purchase, inheritance, hiring, borrowing, etc..

    • Unit 2: Method of Acquiring Farm Resources · 2 hours

      Discuss the various uses of land, labour, capital, and management.. Explain how to allocate resources efficiently for optimal production.. Describe the factors that influence resource use efficiency..

12. Week 12Module 4: Economic Climate and Business Problems in Nigeria

    • Unit 1: Business Environment in Nigeria · 2 hours

      Explain the business environment in Nigeria and its impact on farming.. Discuss the challenges faced by farmers in Nigeria: high interest rates, input costs, infrastructure, etc.. State the business objectives of a farm: profit maximization, cost minimization, utility maximization, etc..

    • Unit 2: Business objectives · 2 hours

      Define decision making and its importance in farm management.. Explain the steps involved in decision making: problem identification, data collection, analysis, implementation, and review.. Discuss the sources of risks and uncertainties in agriculture: natural, social, technological, and political..

13. Week 13Module 5: Agribusinesses Marketing Management

    • Unit 3: Decision-making · 2 hours

      Explain the types of risk: production, price, financial, institutional, and personal.. Discuss measures for reducing risk: diversification, insurance, native safeguards, flexibility, and forward contracts.. Describe practices for enhancing good farm management and minimizing risk..

    • Unit 4: Sources of Risks and Uncertainty in Agriculture · 2 hours

      Explain the agribusiness marketing system and its sub-systems.. Discuss agribusiness marketing functions and approaches.. Describe agribusiness marketing channels and channels of distribution..