Farm Business Organisation

1. Apply farm management principles to optimize resource use.
2. Analyze farm financial records and statements.
3. Develop strategies for acquiring and managing farm resources.
4. Assess and mitigate risks in agricultural production.
5. Understand the economic environment affecting farm businesses in Nigeria.
6. Make informed decisions to improve farm profitability.

13 weeks, about 34 hours in total. Yours will differ.

1. Week 1Module 1: Nature and scope of farmer 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 in farm management.. Explain farm organization and operations..

2. Week 2Module 1: Nature and scope of farmer Business Organization

   • Unit 2: Objectives of farm Management · 2 hours

     Explain the farm as a production subsystem in an economy.. Discuss resource scarcity in relation to farm management.. Explain the objectives of farm management including profit maximization and cost minimization..

3. Week 3Module 1: Nature and scope of farmer Business Organization

   • Unit 3: Nature of farm management decisions · 2 hours

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

4. Week 4Module 1: Nature and scope of farmer Business Organization

   • Unit 4: Organisation of the farm set up · 2 hours

     Describe the factors to consider when organizing a farm setup.. Explain the importance of farm layout and enterprise selection.. Discuss the distribution and adjustment of enterprises..

5. Week 5Module 1: Nature and scope of farmer 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 including planning, organizing, directing, and controlling.. Describe the problem-solving approach in farm management..

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

     Define budgeting and gross margin.. Explain the advantages and disadvantages of budgeting.. Prepare a complete and partial budget for a farm enterprise..

6. Week 6Module 2: Farm Records and Accounting

   • Unit 1: Methods of collecting Farm Management Information · 2 hours

     State and explain the methods of collecting farm management information.. Differentiate between positive and normative approaches.. Discuss the farm account books, farm business survey, and cost route methods..

7. Week 7Module 2: Farm Records and Accounting

   • Unit 2: Farm Records · 2 hours

     State and explain the different types of farm records and their uses.. Describe farm inventory records, farm production records, labor records, and farm receipts records.. Explain the uses of farm records in decision-making and planning..

8. Week 8Module 2: Farm Records and Accounting

   • Unit 3: Balance Sheet · 2 hours

     Estimate the effectiveness of financial control and the worthiness of a farm business.. Understand and explain the concepts of a balance sheet.. Differentiate between assets and liabilities..

9. Week 9Module 2: Farm Records and Accounting

   • Unit 4: Profits and Loss Account and the cash flow statement. · 2 hours

     Compute a profit and loss account for a given farm.. Understand the streams of income and expenditure in a farming enterprise.. Prepare a cash flow statement for a small farm..

10. Week 10Module 2: Farm Records and Accounting

    • Unit 5: Farm Business Analysis · 2 hours

      Carry out an analysis of farm business performance using indicators such as liquidity, solvency, profitability, and efficiency.. Calculate and interpret financial ratios.. Assess the financial health of a farm business..

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 farm resources and their classification.. State the rewards for using different farm resources.. Discuss the meaning and scope of land, labor, capital, and management..

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

      State and discuss the methods of acquiring farm resources.. Explain the acquisition of land, labor, capital, and management.. Discuss the cost implications of different acquisition methods..

12. Week 12Module 3: Acquisition and use of farm resources – Land, Labour, Capital and Management

    • Unit 3: Various uses of farm resources · 2 hours

      State and explain the various uses of land, labor, capital, and management.. Discuss the efficient allocation of farm resources.. Explain the importance of planning, organizing, and controlling farm activities..

    • Unit 4: Resource use efficiency · 2 hours

      Define productivity and efficiency.. State the three types of efficiencies: technical, allocative, and economic.. Differentiate between technical and allocative efficiency..

13. Week 13Module 4: Economic climate and Business problems in Nigeria

    • Unit 5: Management of farm resources · 2 hours

      State the most efficient ways of managing land, labor, capital, and the manager.. Discuss the importance of soil conservation, labor relations, and capital management.. Explain the role of the manager in achieving farm objectives..

    • Unit 1: Business environment in Nigeria · 2 hours

      Explain the business environment in Nigeria and its impact on farming.. Discuss the social, legal, natural, political, and economic constraints.. Describe the challenges faced by farm managers in Nigeria..