Notes to broadcasters
Making a budget is an important part of financial planning for farmers. If farmers learn to make and use a budget, they can:
- Earn more money from crops and livestock.
- Determine whether or not they can afford new tools, or pay other expenses such as the cost of extra hired labour.
- Determine which crops will be the most profitable, and how much of each crop to grow.
- Identify financial problems in advance, for example, places where too much money is being spent. The farmer can then correct the problems before their whole business is affected.
This script should be followed up with information about how to make a budget. You can use script 2 in this package (Ekua makes a budget) for that purpose or use this story as a starting point for your own research and programming. Contact bankers, traders, school teachers, and others who may know about budgets and financial planning.
Suggestions for further scripts on this topic:
- A group of farmers create a budget for a community project.
- Budgets for farmers who do not read or write.
- How to keep accurate records of your sales and expenses.
- How to keep good crop records.
[Note to broadcaster: Be sure to follow this program with information for your listeners about how to make a budget. You can use script 2 in this package (Ekua makes a budget) for this purpose.]
SOUND EFFECTS (Approaching footsteps.)
SOUND EFFECTS (A loud knock at the door, then door opening.)
FADE IN QUIET MUSIC AND HOLD SOFTLY UNDER NARRATOR
FADE OUT MUSIC
FADE IN MUSIC AND HOLD QUIETLY UNDER NARRATOR
Keep listening because Ekua has some good advice for Kwesi and Ama about making a budget.
FADE OUT MUSIC
MUSIC TO END PROGRAM
Contributed by Vijay Cuddeford, Toronto, Canada.
Reviewed by Bruce Fraser, Finance Officer, International Service for National Agricultural Research (ISNAR), The Hague, The Netherlands.
ISNAR Training Module: Financial Management for Research on Agriculture and Natural Resource Management. International Service for National Agricultural Research (ISNAR), PO Box 93375, 2509 AJ The Hague, The Netherlands. E-mail: firstname.lastname@example.org This module is available on the ISNAR website
Basic Farm Calculations II, Training in Agriculture Series, #201, 1989. Inades-Formation Kenya, 15, avenue Jean Mermoz, Cocody – Abidjan 08 B.P. 8 – Abidjan 08, Ivory Coast. Tel: (225) 44 31 28/44 31 29, Fax: (225) 44 06 41.
Modern Agriculture Farm Business, Unit 10: Budgets, Credit, Costs, Marketing, 1977. Schools Agriculture Panel, Ministry of Education, Mbabane, Swaziland. Oxford University Press, Cape Town, South Africa, 1977.
Participatory Farm management methods for agricultural research and extension: a training manual, by Mark Galpin, Peter Dorward and Derek Shepherd, 2000. University of Reading, Department for International Development, PO Box 237, Reading RG6 6AR, United Kingdom.