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ARD509Agricultural Sciences3 Unitsintermediate

Agricultural Business Management And Finance

This course provides essential skills in agricultural business management and finance. It covers agricultural business management, types of agricultural business organizations, and production planning. The course also explores the economics of agricultural processing and marketing management, agricultural finance, and farm credit. Students will learn about farm records, accounting, and inventory management to effectively manage agricultural businesses and finances.

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78h

Study Time

13

Weeks

6h

Per Week

basic

Math Level

Course Keywords

Agricultural BusinessFarm FinanceProduction PlanningMarketing ManagementFarm Records

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 Business Management

2

Types of Agricultural Organizations

3

Production Planning

4

Agro-processing Economics

5

Agricultural Marketing

6

Agricultural Finance

7

Farm Credit

8

Farm Records

9

Accounting Principles

10

Inventory Management

Total Topics10 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 Economist

Apply your skills in this growing field

Agribusiness Consultant

Apply your skills in this growing field

Agricultural Loan Officer

Apply your skills in this growing field

Marketing Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

FarmingAgricultural ProcessingAgricultural MarketingBankingConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: The Scope of Agricultural Business and Management

4h

Unit 1: Meaning and Scope of Agricultural Business

2 study hours

•Define agricultural business and its scope.
•Explain the importance of agricultural business in the economy.
•Identify the components and sectors of agricultural business.

Unit 2: Management Decisions In Agricultural Business and Management

2 study hours

•Define management and its vital functions.
•Explain the main decisions in agricultural business.
•Classify management decisions into organizational, administrative, and marketing categories.

Week

2

Module 2: Types of Agricultural Business Management and Organisations

4h

Unit 1: Sole Proprietorship

2 study hours

•Define sole proprietorship and its characteristics.
•Explain the advantages and disadvantages of sole proprietorship.
•Analyze the role of sole proprietorship in agricultural businesses.

Unit 2: The Partnership

2 study hours

•Define partnership and its types.
•Explain the advantages and disadvantages of partnership.
•Understand the concept of 'Deed of Partnership'.

Week

3

Module 2: Types of Agricultural Business Management and Organisations

4h

Unit 3: Limited Liability Company

2 study hours

•Define limited liability company and its characteristics.
•Explain the formation process of a limited liability company.
•Analyze the advantages and disadvantages of limited liability companies.

Unit 4: Cooperative Society

2 study hours

•Define cooperative society and its characteristics.
•Describe the various types of cooperative societies.
•Analyze the advantages and disadvantages of cooperative societies.

Week

4

Module 3: Production Planning

2h

Unit 1: Meaning of Production and Planning, Types of Production and Planning

2 study hours

•Define production and its types.
•Define production planning and its types.
•Understand the importance of production planning in agriculture.

Week

5

Module 3: Production Planning

2h

Unit 2: Why Planning is Necessary, Characteristics of Good Plan and Factors to be Considered in Production Planning

2 study hours

•Explain why planning is necessary in agricultural production.
•Outline the characteristics of a good production plan.
•Identify the factors to be considered in production planning.

Week

6

Module 3: Production Planning

2h

Unit 3: Advantages of Production Planning, Uses of Planning and Guiding Principles of Planning

2 study hours

•Explain the advantages of production planning.
•State the uses of planning in agricultural businesses.
•Highlight the guiding principles of planning and its limitations.

Week

7

Module 4: Economics of Agricultural Processing and Marketing Management

2h

Unit 1: The Concept of Processing, Contribution of Agro-Processing and Constraints Relating to Agro-Processing

2 study hours

•Define processing and agro-processing.
•Discuss the contributions of agro-processing to the economy.
•Highlight the constraints relating to agro-processing in Nigeria.

Week

8

Module 4: Economics of Agricultural Processing and Marketing Management

2h

Unit 2: Meaning of Marketing and Marketing Management: Concept of Agricultural Marketing and Pre-requisites for Efficient Agricultural Marketing

2 study hours

•Define marketing and marketing management.
•Explain the concept of agricultural marketing.
•Highlight the pre-requisites for efficient agricultural marketing.

Week

9

Module 4: Economics of Agricultural Processing and Marketing Management

2h

Unit 3: Functions of Agricultural Marketing and Functions of an Agricultural Marketing Manager

2 study hours

•Define a marketing function.
•List and explain the functions of agricultural marketing.
•List and discuss the functions of an agricultural marketing manager.

Week

10

Module 4: Economics of Agricultural Processing and Marketing Management

2h

Unit 4: Problems in Agricultural Marketing and Solution to the Problems

2 study hours

•Outline and explain the problems of agricultural marketing.
•Highlight measures to solve the problems of agricultural marketing.

Week

11

Module 5: Agricultural Finance and Farm Credit

4h

Unit 1: Meaning and Features of Agricultural Finance

2 study hours

•Define agricultural finance.
•Explain macro and micro aspects of agricultural finance.
•Discuss the features of agricultural finance.

Unit 2: Problems of Agricultural Finance and Suggestions to Improve Agricultural Finance

2 study hours

•Discuss the problems of agricultural finance.
•Discuss suggestions to improve agricultural finance.

Week

12

Module 5: Agricultural Finance and Farm Credit

4h

Unit 3: Meaning, Classification and Characteristics of Agricultural Credit

2 study hours

•Define or explain credit.
•Discuss the characteristics of agricultural credit.
•Highlight the classification of agricultural credit.

Unit 4: Criteria and Requisites for Agricultural Credit, Sources of Agricultural Credit and Collateral Security for Loans

2 study hours

•Highlight criteria for agricultural credit.
•State the requisites of a good credit system.
•Identify various sources of agricultural credit and collateral security for loans.

Week

13

Module 6: Farm Records, Accounting and Inventory

4h

Unit 1: Meaning of Farm Records and Accounting, Importance and Types of Farm Records and Accounts

2 study hours

•Define farm record and account.
•Give reasons for keeping farm records and accounts.
•Explain the various types of farm records and accounts.

Unit 4: Problems and Difficulties in Farm Accounting

2 study hours

•Explain the concept of accounting.
•Discuss the problems and difficulties of farm accounting.
•Explain the concept of inventory and farm inventory.
•State the object of inventory and highlight the procedure for preparing an inventory.
•List and explain methods for valuing the inventory.

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.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all module objectives and key terms to ensure comprehensive understanding.

2

Practice preparing financial statements like balance sheets and profit/loss accounts.

3

Create flowcharts outlining agricultural marketing channels and functions.

4

Summarize the advantages and disadvantages of different agricultural business organizations.

5

Focus on understanding the factors influencing production planning and decision-making.

6

Develop case studies applying agricultural finance and credit principles to real-world scenarios.

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