(a) State three functions of a farm manager. [3 marks] (b) Explain the following terms as used in agricultural economics: (i) appreciation (ii) salvage valu...

Assessment: WAEC SSCE - Agricultural Science - 2010 (Essay) Subject: Agricultural Science

Question 1 Report

 (a) State three functions of a farm manager. [3 marks] 
(b) Explain the following terms as used in agricultural economics: (i) appreciation (ii) salvage value (iii) farm budget (iv) farm inventory [8 marks]
 (c) State five qualities of a good agricultural extension agent. [5 marks] 

Answer Details

(a) Three functions of a farm manager

  1. Planning and organising the farm operations and resources.
  2. Directing, supervising and coordinating the farm workers.
  3. Keeping farm records, controlling finances and taking decisions to make the farm profitable.

(b) Terms in agricultural economics

  1. Appreciation: the increase in the value of a farm asset over a period of time, for example land whose value rises with time.
  2. Salvage value: the estimated value (scrap or resale value) of a farm asset at the end of its useful life when it can no longer be used for production.
  3. Farm budget: a written plan or estimate of the expected income and expenditure of a farm business over a given period, used to guide the use of resources.
  4. Farm inventory: a complete list of all the assets (property) and liabilities of a farm, with their quantities and money values, taken at a particular date.

(c) Five qualities of a good agricultural extension agent

  1. He should be knowledgeable and well trained in agriculture.
  2. He should be patient, friendly and able to communicate clearly with farmers.
  3. He should be honest, hard-working and of good character.
  4. He should be able to speak the local language of the farmers.
  5. He should be humble, willing to learn from farmers and ready to demonstrate practically what he teaches.
Read lesson note on Agricultural Extension (WAEC)
Read lesson note on Functions Of A Farm Manager (WAEC)
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