1.How do youwrite out the extensive form of a game between a farmer (playing in the first round) and nature (playing a mixed strategy in the second round)?Assume that the farmer can either pay a cash rent of $1500 for land (English system) or 1/2 of crop production to the landlord (sharecropping).Assume the farmer is planting corn and will produce 2tons of corn.Assume that nature has a 50% chance of playing a strategy in which the price of corn is $3500/ton and a 50% chance of playing a strategy in which the price of corn is $500/ton.The farmer keeps any money left after paying cash rent and sells any corn left after paying the landlord in sharecropping.