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This study guide was published by ILO as a MATCOM Learning Element in 1984. It takes the reader through the discussions of a farmers' cooperative committee meeting as they prepare a budget for their next year's operations. The example cooperative is involved in both marketing produce and selling inputs and each lesson covers a different stage in the budgeting process, e.g. estimating income from the sales of produce and sales of supplies, estimating the running costs, preparing the final budget and estimating the net surplus, preparing a cash budget. All the calculations involved are carefully explained.
The original Learning Element was written in the days when there was much more government intervention in agricultural markets in developing countries than there is now. Prices were often controlled and produce had to be sold to state controlled marketing boards. So the text has been edited to place the cooperative in the context of free market conditions for produce sales. However, a government controlled price for fertiliser has retained as this does still occur and it may be helpful to show how a cooperative can budget to make a surplus, even under these conditions.
Copyright © 1984 International Labour Organization
Web edition (revised) Copyright © 2006 Food and Agriculture Organization
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