The SUGRIA Webinar Note
The SUGRIA Webinar Note
Project Funding refers to the process of obtaining financial resources for the purpose of
implementing a specific project or initiative. This can come from various sources including
government grants, private investors and loans among others while Emergency Farm Fund is a
cash reserve that's specifically set aside for unplanned expenses or financial emergencies in the
farm. The goal of this fund is to respond to critical, time-sensitive needs by helping farmers
recover from their losses, continue farming and/or build resilience for future extreme weather
events. In Agric Economics, another name for emergency fund is Contingency Fund, is a
personal budget set aside as a financial safety net for future mishaps or unexpected expenses. An
emergency fund is also known as a rainy-day fund.
-Keeping simple records (income & expenses)
How do you record income and expenses?
As with assets and liability items, items of income and expenses are recorded in nominal ledger
accounts according to set rules.
Expenses are always recorded as debit entries in expense accounts and income items are always
recorded as credit entries in income accounts.
Budgeting For Farming
• Plan costs (seeds, tools, labor).
• Set aside emergency funds.
• Avoid any form of debt
3. Project Implementation
Objectives: Guide farmers in successfully executing farming projects.
• Set clear goals on focus
• Identify needed resources (land, labor, inputs)
• Step-by-Step Implementation
• Break tasks into small steps (e.g. Land preparation, planting, weeding)
• Assign roles (who does what?)
• Set timelines (When to plant, harvest, sell)
Problem-Solving:
• What if rains fail? (Use harvested water)
• What if pests attack? (Use organic pesticides)