A group of business people came together and decided to buy land and start a farming enterprise - NSC Agricultural Management Practices - Question 3 - 2023 - Paper 1
Question 3
A group of business people came together and decided to buy land and start a farming enterprise. They did not have the skills or knowledge to farm, but they had capi... show full transcript
Worked Solution & Example Answer:A group of business people came together and decided to buy land and start a farming enterprise - NSC Agricultural Management Practices - Question 3 - 2023 - Paper 1
Step 1
3.8.1 THREE strengths
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Answer
Availability of land: The group has access to a parcel of land for farming activities.
Capital is available: They have the necessary financial resources to invest in the farm.
Business skills: The group consists of business people who possess skills in managing enterprise operations.
Step 2
3.8.2 ONE weakness
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A lack of farming skills: The group does not have the necessary agricultural knowledge or expertise to effectively manage the farm.
Step 3
3.8.3 ONE opportunity
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Agritourism: The farm can attract tourists for fishing and horse riding activities, providing an additional revenue stream.
Step 4
3.8.4 TWO threats
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Rainfall availability: Changes in weather patterns could affect the water supply for the farm.
Conflict among group members: Differences in opinions or roles may lead to disputes, affecting farm operations.
Step 5
3.8.5 Recommend an action to address the weakness identified in QUESTION 3.8.2.
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Employ a farm manager that has the skills and knowledge in agriculture to guide the group in operating the farm effectively.
