6. The next step is to look at economic efficiency. Where does it rank? What steps can the farm manager

4. After you've assessed the farm's profitability, you want to continue to make improvements so that future profitability is enhanced. You look at volume of production next. Where does it rank? What steps can the farm manager take to improve these measures? Is there anything apparent in these data that would point to changes that you could make to enhance profitability?

5. Next, take a look at the volume of resources used on your farm. Where does it rank? What steps can the farm manager take to improve these measures? Do you see a reason to consider changes in how much land, labor, and/or capital that you are using? Describe any that you see.

Assignment Details Question Given what you have learned so far in the course and from life experience, which foods should we produce and consume more of - raw foods or processed foods to wisely feed the world? Why use both? Defend your choice with synthesis thinking. Use sources to support your opinion. Work to bring a clear premise with precise reasons that are supported with appropriate resources. Use science writing and a style format. Submission Details Review Written Assignment Details & Rubric for more information. • Upload a text file or use the Text Entry Box. Citations are expected in science writing. *** • Use APA or MLA or Chicago style formatting for citations and sources. Grading Criteria Each writing assignment will count toward 5% of your final grade. Past experience has shown that students are able to obtain 8-10 points on a writing assignment by writing 1-3 paragraphs, depending on the question, of well thought through information. • 1 point - Good writing - proper sentences, spelling, punctuation. • 2 points - Quality - include real information, include all the pertinent information, don't leave the reader with more questions. • 3 points - Depth - present all facets, perspectives, considerations; address more than surface issues with good logic. • 2 points - Opinions - separate emotions from substance - recognize when you are speaking from your emotions and state emotions as emotions. • 2 points - Citations - include citations and sources for information that came from another source.

10. Looking at all of your answers up to this point, develop a bulleted list of at least 5 suggestions for improvement. Suggestions should be specific and actionable. That is, they should be tactical-level suggestions. Below are two example suggestions (that are not consistent with the data shown above), provided to give you an idea of the type of suggestion that is being requested. The farm's Depreciation Expense Ratio is relatively low. This indicates that the equipment might be outdated or undersized. Therefore, the farm manager may want to consider investment in machinery and equipment. The farm's Working Capital is relatively low. The manager should consider increasing that by postponing purchase of equipment and machinery and, therefore, holding onto those current assets.