Neco Model Questions Vol1 2020 Agricultural Science Question 5

The agricultural extension service plans a training programme for \(150\) smallholder farmers on integrated pest management (IPM). The programme includes a two‑day workshop costing \(\₦5{,}000\) per participant for materials, plus a venue cost of \(\₦200{,}000\). Each farmer also receives a starter kit valued at \(\₦8{,}000\). It is expected that each farmer will increase maize yield by \(1.5\) tonnes per hectare on a one‑hectare farm, and the market price of maize is \(\₦45\) per kilogram. (i) Compute the total cost of the programme. (ii) Compute the total additional revenue generated by the farmers. (iii) Determine the benefit‑cost ratio (BCR). (iv) Based on a required BCR of at least \(1.5\) for approval, state whether the programme should be approved.