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Q1: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.See Answer
Q2:1. Assess the farm's profitability relative to the data in the tables. Where does it rank? What steps can the farm manager take to improve these measures?See Answer
Q3:2. Assess the farm's liquidity relative to the data in the tables. Where does it rank? What steps can the farm manager take to improve these measures?See Answer
Q4:3. Assess the farm's solvency relative to the data in the tables. Where does it rank? What steps can the farm manager take to improve these measures?See Answer
Q5:4. 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?See Answer
Q6:5. 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.See Answer
Q7:6. The next step is to look at economic efficiency. Where does it rank? What steps can the farm manager take to improve these measures?See Answer
Q8:7. Take a look at the price that the farm is getting for its milk. Where does it rank? What steps can the farm manager take to improve these measures?See Answer
Q9:8. Next, take a look at physical and labor efficiency measures. Where does it rank? What steps can the farm manager take to improve these measures?See Answer
Q10:9. Finally, evaluate the farm's repayment capacity measures. Where does it rank? What steps can the farm manager take to improve these measures?See Answer
Q11:10. 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.See Answer
Q12: Farm Economics and Management AEB4131 Mahadev Bhat Homework 3 On a Word file, please complete the following questions: A) Question 4 of Chapter 6 Farm Business Analysis and discuss if this farm meets various financial thresholds as shown in Example 1 and Example 2 in this lecture notes (slide 14 to 17) for this chapter. Question is copied below for ease. You will need to show your work. Simply writing the final answer will not be sufficient. 4. Use the following data to calculate the profitability and efficiency measures listed: Gross revenue Value of farm production Income from operations Interest expense Value of unpaid labor and management Total asset value: beginning ending Farm equity: beginning ending a. Rate of return on assets b. Rate of return on equity, c. Asset turnover ratio d. Operating profit margin ratio % % % e. Income from operations ratio In the above table, assume that Income from Operations [same as Net Income from Farm Operation] of $66,000 includes the interest expenses of $18,000. In this case, you will need to follow the formula given chapter 5 & Revised Homework 2 Ans Key for computing Return to Asset and Return Equity. B) Answer question 3 of the Book Chapter 9 on page 174. The question is copied below for your ease. $185,000 167,000 66,000 18,000 31,000 $400,000 $430,000 $340,000 $352,000 3. Assume that Freda Farmer has just purchased a new combine. She has calculated total fixed cost to be $22,500 per year and estimates a total variable cost of $9.50 per acre. a. What will her average fixed cost per acre be if she combines 1,200 acres per year? 900 acres per year? b. What is the additional cost of combining an additional acre? c. Assume that Freda plans to use the combine only for custom work on 1,000 acres per year. How much should she charge per acre to be sure all costs are covered? If she would custom harvest 1,500 acres per year? C) Answer question 4 of the Book Chapter 9 on page 174. See below. 4. Assume the purchase price of a combine is $250,000. It is estimated to have a salvage value of $68,000 and a useful life of 8 years. The cost of capital is 7 percent. Compute the average annual depreciation and interest costs. D) Answer question 5 of the Book Chapter 9 on page 174. 5. Using the data in the table below, a price of $6 per unit for the output, a cost of $10 per unit of variable input, and a TFC of $200, compute the three total costs (TVC, TFC, TC) and the three average costs (AVC, AFC, ATC) for each level of input/output. Variable input (units) 0 10 20 30 Output (bushels) 0 35 75 105 40 50 a. What is the maximum total profit that can be made with the given prices? At what level of input/output is this attained? b. To continue production in the long run, the output price must be equal to or above $ c. In the short run, production should stop whenever the output price falls below $ 130 140See Answer

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