COMPETENT FARMER

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About Course

Upon completion of this course, the learner should be able to:

  1. Define the general characteristics of a competent farmer.
  2. Understand the concept and principles of entrepreneurship
  3. Outline the common forms of financing.
  4. Name and differentiate the different types of agricultural records
  5. Clearly record the financial statements of a farmer.

Course Content

OVERVIEW OF A COMPETENT FARMER
a) Overview of competent farmer guide b) What makes a competent farmer c) Attributes of a competent farmer • A system thinker • Builds financial, social and natural capital • Builds buffer capacity • Delayed gratification • Great observer/listener • Innovator par excellence

  • OVERVIEW OF A COMPETENT FARMER
  • QUIZ

ENTERPRENEURSHIP
a) Concept of entrepreneurship • Types of entrepreneurship • Small business entrepreneurship • Scalability start-up • Large company • Social entrepreneurship b) Principle of entrepreneurship • Capital • Accountability c) Growth and marketing • Viable product/service • Be a solution provider d) Entrepreneur • Characteristics of entrepreneurs • Roles of entrepreneurs e) Small business • Size criteria of small business • Control criteria • Characteristics of small business • Strengths of small business • Reasons for the failure of small business • How to avoid the pitfalls/difficulties of a small business f) Marketing development • Marketing research • Characteristics of marketing research • Marketing strategies g) What is a business life cycle? • Why do you want to start your own business? • The stages of a business life cycle • Growth stage and establishment/survival • Maturity stage (I’ve come and conquered) • Decline (it’s been a good run) h) What next after a decline in your business? i) Navigating the business cycle j) Tips and tricks for entrepreneurs

FINANCIAL PLANNING
a) Organization of the accounting process • General journal entities • Capital • General expenses b) Accounting process • Financial statements • Cash flow statement c) Steps in preparing cash flow statement • Contents of the cash flow statement d) Income statements e) Balance sheet f) Break-even analysis g) Financial ratios

ACCESS TO FINANCE
a) Access to finance b) Common forms of financing • Sources of financing for the business • Example of loans c) Introduction to fundraising planning • Importance to fundraising planning • Role of boards in fundraising • Importance of learning about the role of boards in fund raising • Budgeting d) Budget summary • Example of a simple budget e) Proposal writing • Start early(planning) • Use the language of the donor (writing style) • Write clearly • Format (content of the proposal) • Budget for the action • Guide summary f) Issues to address when writing a proposal • The proposal • Self-action plan

AGRICULTURAL RECORDS
a) Agricultural records • Agricultural records (farm records) • Farm records verses farm accounts • Importance of records • Components of farm records b) Compulsory farm records • Production records • Input records • Labor records • Financial records

REFERENCE MATERIAL

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