Lesson Note on Agricultural Science JSS3 First Term
First Term Scheme of Work for JSS3 Agricultural Science
WEEK 1&2 COOPERATIVE SOCIETIES
WEEK 3 MANAGEMENT OF AGRICULTURAL COOPERATIVE SOCIETIES
WEEK 4 CHANNELS OF AGRICULTURAL PRODUCE
WEEK 5 AGRICULTURE IN STOCK EXCHANGE
WEEK 6 EXPORT PROMOTION IN AGRICULTURE
JSS3 First Term Agricultural Science Lesson Note
Below are the 2022 Complete JSS3 First Term Agricultural Science Lesson Note
Week 1 & 2
Topic: Cooperative Societies
An agricultural cooperative society may be defined as a business organization in which a group of individuals who have a common interest agreed to pool their financial resources or to distribute goods and services for the purpose of making a profit and maintaining the welfare of their members. A cooperative society is owned and controlled by members who may be from two persons to a number which has no maximum.
Objectives of Agricultural Cooperative Societies
- To make goods and services available to the members at affordable prices
- To encourage their members to form the habit of saving money
- To assist their members financially by giving them loans with a low-interest rate
- To encourage and assist members to acquire assets themselves. To learn more, Click here
Topic: Management of Agricultural Cooperative Societies
Cooperative societies are managed and controlled by the members. A management committee is elected on a one-member one-vote basis to direct the affairs of the cooperative. It can appoint a manager or president but he or she would be responsible to the committee by-laws or constitution that will guide the cooperative in its activities is developed. A bank account is opened with three signatories drawn from the committee member. Then it is registered with the appropriate body to operate in Nigeria as a cooperative. All members should be involved in the activities of the cooperative society. Meetings are held regularly to take a decision on how to improve the activities of society. To learn more, Click here
Topic: Channels of Agricultural Produce
Channels of Distributing Agricultural Produce
A marketing or distribution channel consists of the various routes or pathways through which farm produce farm (producer) to the consumer. Market channel is very important because it shows at a glance the various ways through which the farm produce move from the producer to the final consumer.
- The Producers – These are people who are engaged in production but also sell directly to final consumers
- Local Market – This is where buyers and sellers are in close contact. The producer brings goods to the market and buyers buy from them
- Wholesaler and Retailer – The middlemen as they are called are a link through which the farm produce are bought from the producers and sold to the consumers
- Cooperative Society – They buy goods in large quantities and distribute to their members who are final consumers
- Commissioned Agents – These are agents who act on behalf of the principal. They buy goods in large quantities and sell to the marketing board or other exporter and then collect their commission. To learn more, Click here
Topic: Agriculture in Stock Exchange
Stock exchange is a corporation or mutual organization which provides trading facilities for stock brokers and traders to trade on stock and other securities. It is a market where shares and stock and other securities are bought. The securities traded on stock include shares issued by the companies, units of trust, derivatives, pooled departments and bonds.
People involved in Stock Exchange
The broker – A broker acts as an agent for firms and/or individuals who want to buy or sell securities. They instruct him to buy or sell stocks and shares on their behalf. They charge a commission for the services rendered. They give advice on what type of stock or shares to buy.
The jobbers – These are people who specialize in a particular type of stock and shares. They act as middlemen who do not buy or sell securities direct from members of the public but through brokers who act as their agents. The jobbers quote two different prices, one for buying and a higher one for selling. The difference between the jobbers buying and selling price is called the Jobber turn or his profit.
Authorized clerks – These are salaried office workers who are employed by brokers and jobbers. They are called authorized clerks because they have the authority to buy and sell securities on behalf of their principals. To learn more, Click here
Topic: Export Promotion in Agriculture
Export promotion refers to the collective programmes a country has to help organizations sell their products abroad. In Nigeria, export promotion refers to programmes and activities put in place by the public or private sector to encourage the sales of Nigerian produce to other countries. It is a strategy for economic development for a country based on encouraging domestic producers to export their produce to other countries and earn foreign exchange which can be used to purchase other goods not available in the country.
Examples of Nigeria Export Produce
Export crops are crops which are cultivated in Nigeria and at maturity are harvested, processed and packaged for sale to another country. To learn more, Click here