1 (30 marks) The First Schedule applies to any person who derives taxable income from carrying on pastoral, agricultural or other farming operations. Such a person can include an individual (whether farming alone or in partnership), a deceased estate, an insolvent estate, a company, a close corporation, or a trust. 1.1 The expression "farming operations" is not defined in the Act and should be interpreted according to its ordinary meaning as applied to the subject matter with regard to which it is used. Thus, every activity in the nature of farming will not constitute "farming operations". Discuss farming operations and the facts that the courts will consider in determining whether an individual is carrying on farming operations. Furthermore, you are required to apply relevant case law in support of your answer. (30)