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    Factors of Production Related To Agriculture

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    Garcia Lewis
    The document discusses the factors of production in agriculture, including land, labor, capital, and management. It defines production as the manufacturing of goods and services to satisfy needs and wants. The factors of production are the inputs needed for agricultural production. Land factors include tenure, suitability, availability, and how land can be acquired. Labor factors include family labor, hired labor, and contracted labor. Capital includes fixed assets like land and equipment, and working capital like money, seeds, and livestock. Management focuses on the effective use of resources to ensure profitability and ongoing production.

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    © All Rights Reserved
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    Factors of Production Related To Agriculture

    Uploaded by

    Garcia Lewis
    302 views10 pages
    The document discusses the factors of production in agriculture, including land, labor, capital, and management. It defines production as the manufacturing of goods and services to satisfy needs and wants. The factors of production are the inputs needed for agricultural production. Land factors include tenure, suitability, availability, and how land can be acquired. Labor factors include family labor, hired labor, and contracted labor. Capital includes fixed assets like land and equipment, and working capital like money, seeds, and livestock. Management focuses on the effective use of resources to ensure profitability and ongoing production.

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    Factors of Production Related to Agriculture

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    The document discusses the factors of production in agriculture, including land, labor, capital, and management. It defines production as the manufacturing of goods and services to satisfy needs and wants. The factors of production are the inputs needed for agricultural production. Land factors include tenure, suitability, availability, and how land can be acquired. Labor factors include family labor, hired labor, and contracted labor. Capital includes fixed assets like land and equipment, and working capital like money, seeds, and livestock. Management focuses on the effective use of resources to ensure profitability and ongoing production.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    302 views10 pages

    Factors of Production Related To Agriculture

    Uploaded by

    Garcia Lewis
    The document discusses the factors of production in agriculture, including land, labor, capital, and management. It defines production as the manufacturing of goods and services to satisfy needs and wants. The factors of production are the inputs needed for agricultural production. Land factors include tenure, suitability, availability, and how land can be acquired. Labor factors include family labor, hired labor, and contracted labor. Capital includes fixed assets like land and equipment, and working capital like money, seeds, and livestock. Management focuses on the effective use of resources to ensure profitability and ongoing production.

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    AGRICULTURAL SCIENCE

    SECTION D: THE BUSINESS OF FARMING


    TOPIC: ECONOMIC FACTORS OF PRODUCTION
    TEXT: UNIT 4 - PAGES 41 - 61
    OBJECTIVES:
    • Relate the factors of production to agriculture
    • Define the term production
    • State the factors of production
    • Describe how the factors of production are related to
    agriculture
    PRODUCTION
    • Production is the action of producing or manufacturing of
    goods and the provision of a number of services. It is a
    planned economic activity incorporating inputs.

    • The main aim of production is to satisfy people’s needs and


    wants.
    FACTORS OF PRODUCTION
    FACTORS OF PRODUCTION
    TENURE
    LAND
    SUITABILITY

    PRODUCTION FAMILY LABOUR


    FACTORS OF

    LABOUR
    HIRED LABOUR

    SOURCE OF
    CAPITAL
    CAPITAL
    TYPES OF
    CAPITAL
    MANAGEMENT
    LAND

    • LAND TENURE – The rights and conditions under which people hold,
    own, use, control and enjoy land.
    • MUST BE SUITABLE FOR PRODUCTION
    • THE AVAILABILITY OF FARM LAND IN THE AREA OR COUNTRY
    • LAND BE ACQUIRED IN 3 WAYS
    ✓LEASED OR RENTED – Pay monthly or annually
    ✓SHARECROPPING – Land owned by someone other than the
    farmer. The farmer then shares the produce with the owner
    ✓LAND FRAGMENTATION – Dividing land among relations from
    generation to generation
    • LOSS OF AGRICULTURAL LAND – Appreciation ( increase in value),
    development, unsustainable practices
    LABOUR

    INCLUDES THE MONIES PAID TO WORKERS, NUMBER OF HOURS


    WORKED FOR THE PRODUCTION ON THE FARM

    TYPES OF LABOUR
    ▪ FAMILY LABOUR – Farmer and family members
    ▪ CASUAL LABOUR – Temporary paid labour (wages – paid by
    hours of work)
    ▪ HIRED LABOUR (FULL-TIME WORKERS) – Permanent workers
    paid monthly salaries (or fortnightly)
    ▪ CONTRACTED LABOUR – For building of infrastructure and for
    engineering
    CAPITAL

    ALL THE TOOLS, EQUIPMENT, AND OTHER RESOURCES SUCH AS MONEY THAT ARE USED
    FOR AGRICULTURE GOODS AND SERVICES ON A CONTINUOUS BASIS.
    • Capital also includes crops. Trees, livestock and more

    TWO TYPES OF CAPITAL

    FIXED WORKING

    • LAND • LABOURERS
    • BUILDING • STOCK – SEEDS,
    • VEHICLES FEED ETC
    • TOOLS • MONEY
    • EQUIPMENT
    • MACHINES
    • CROP TREES
    MANAGEMENT/ENTREPRENEURSHIP
    FOCUSES ON THE EFFECTIVE USE OF RESOURCES BY THE FARMER TO ENSURE
    PROFITABILITY AND ONGOING SUCCESSFUL PRODUCTION.

    ROLE OF THE MANAGER/ENTRPRENEUR


    ▪ Decision-making – take responsibility for the outcome
    ▪ Have knowledge and skills and experience
    ▪ Managing the business/enterprise and operations
    ▪ Plan
    ▪ Organize
    ▪ Direct
    ▪ Supervise
    ▪ Ensure that resources are used efficiently
    ▪ Responsible for analyzing situations
    ▪ Keep cost at minimum
    ▪ Sets vision or goal for your business
    WORKING WITH THE PERSON NEXT TO YOU;
    1. A young man would like to start a farm. He does not have any capital. He does not
    understand what capital is. Explain to him what it is and what capital he will need to
    start a vegetable farm.
    2. John wants an acre of land to plant corn. What must he look for when purchasing this
    land. If he does not have the money, how can he acquire this land.
    3. Mya has a really big farm and a large extended family. She require a lot of workers to
    tend to all her animals and plants. Explain to her how she can acquire workers, what
    type of workers she should get and how should she organize payment.
    4. Chris farm is huge with all the necessary tools and machines. However, his farm is
    failing miserably. Explain to him what management strategies and objectives he
    should implement and/or pay specific attention to.

    SHARE AND DISCUSS YOUR FINDINGS WITH THE CLASS.

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