Theory question 109
Agricultural Finance(a)(i) Explain the term farm credit. (ii) List five sources of farm credit.
(b) An outbreak of a strange poultry disease is reported in your community. There is the possibility of the disease spreading to other parts of the country.
(i) Mention the three main extension teaching methods that could be used to create awareness among farmers about the disease.
(ii) Which of the main extension teaching methods is most apropriate for creating awareness about the disease outbreak?
(iii) Give two reasons for your choice of extension teaching method in 9(b)(ii).
(iv) Mention three problems that could be encountered in the use of the selected extension teaching method.
Show the model answer
(a)(i) Farm credit is money or inputs lent to a farmer for farm use, to be repaid later, usually with interest.
(ii) Any five: commercial banks; Bank of Agriculture/agricultural development banks; co-operative societies; government agencies/schemes; money lenders; friends and relatives; esusu/thrift societies; merchants.
(b)(i) Individual (farm and home visits); group methods (meetings, demonstrations); mass media methods (radio, TV, newspapers).
(ii) Mass media method (e.g. radio/television).
(iii) It reaches very many farmers over a wide area at once; it is fast, which matters in an emergency; it is cheap per farmer reached.
(iv) Any three: some farmers have no radio/TV; power failure; language barrier; no chance for questions/feedback; illiterate farmers cannot read print media; message may be misunderstood.
The answer to (b)(ii) is the mass media method; give reasons tied to speed and reach.