Factors of production – land; capital; labour – characteristics and classification; management or entrepreneur

Farm management – meaning of a farm manager; functions of a farm manager; problems faced by farm managers

Basic economic principles – scarcity; choice; scale of preference, law of diminishing returns

Principles of demand – definition of demand; law of demand; factors affecting demand for agricultural produce; movement along the demand curve; shifts in the demand curve

Principles of supply – definition of supply; law of supply; movements along the supply curve; shifts in the supply curve; factors affecting the supply of agricultural produce

Implications of demand and supply for agricultural production – price support; price control; subsidy programme and its effects on agricultural production

Agricultural financing – meaning of agricultural finance; importance of agricultural finance; source of farm finance

Farm records and accounts – importance of farm records; types of farm records; designing farm records and farm accounts

Marketing of agricultural produce – meaning and importance of marketing of agricultural produce; marketing agents and their functions; marketing functions; marketing of export crops; export crops in West Africa; corporate bodies, cooperative societies and individuals engaged in exporting agricultural produce; importance of exporting agricultural produce; problems of marketing agricultural produce

Agricultural extension – meaning and importance of agricultural extension; agricultural extension method; agricultural extension programmes in West Africa; problems of agricultural extension programmes in West Africa

Agricultural insurance – meaning of agricultural insurance; importance of agricultural insurance; types of insurance policies for agricultural production; insurance premium; problems of agricultural insurance

You may be interested in the following classes and terms