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Financial Literacy 2



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Background
Farming operations, and food supply chains in general, have been greatly hampered by the COVID-19 pandemic and resultant lockdowns. There is a need to re-establish operations, recover and ultimately develop sustainable and resilient operations in the sector.

As farmers look towards boosting their output, essential financial decisions around costs, pricing, profitability become important in ensuring the success of farming operations. Farmers will need to be equipped with the necessary skills and knowledge that will allow them to make informed decisions around their
finances. It becomes important that farmers are trained on financial literacy in order to promote increases in productivity, income and profitability, improved and sustainable livelihoods. Financial literacy does not only mean making a profit but equally minimising losses.


Course Objective
Empower small holder farmers with basic financial management skills that can be implemented in their business to enable better decision making around finances.


By the end of this course, students should be able to...
- Understand basic bookkeeping, costing, pricing, money management, profit and loss.
- Appreciate concepts of financial management and how this impacts cashflows, profitability and ultimate viability of their operations.
Category
Management
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