Lesson Notes By Weeks and Term v4 - SHS 3
AGRICULTURAL MACHINERI ES
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AGRICULTURAL MACHINERI ES
Download the Lessonotes Mobile Ghana app for faster lesson access on Android and iPhone.
Subject: Agricultural Science
Class: SHS 3
Term: 1st Term
Week: 15
Grade code: 3.1.3.LI.3
Strand code: 1
Sub-strand code: 3
Content standard code: 3.1.2.CS.2
Indicator code: 3.1.3.LI.3
Theme: NEW DAWN AGRICULTURE
Subtheme: AGRICULTURAL MACHINERI ES
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In modern Ghana, farming is not just a way of life; it is a business. For any business to succeed, the owner must know if their investments are making or losing money. One of the biggest challenges for Ghanaian farmers is the over-reliance on seasonal rainfall. Simple irrigation systems, a form of agricultural machinery/technology, offer a solution by allowing for year-round cultivation. However, these systems cost money to set up and run. This lesson will equip you with the skills to perform a Cost-Benefit Analysis (CBA), a powerful tool used to determine if investing in an irrigation system is a profitable decision.
This section breaks down the essential ideas you need to understand and conduct a cost-benefit analysis. A. What is a Cost-Benefit Analysis (CBA)?
A Cost-Benefit Analysis is a systematic process used by businesses and farmers to make decisions. It involves: Adding up all the costs of a project or action. Adding up all the benefits (usually in monetary terms) of that project. Comparing the total costs to the total benefits to see if the project is worthwhile.
The core question CBA answers is: "Will I get more value back than what I am putting in?" For a farmer, this translates to: "Will the extra money I make from using this irrigation system be more than the money I spent to buy and run it?" B. Components of a CBA: Costs and Benefits
To do a proper analysis, we must correctly identify all costs and benefits. Costs (The money you spend)