2.SET UP A LINEAR PROGRAMMING TABLEAU USING THE CORN AND SOYBEAN BUDGETS ABOVE AND DATA BELOW. FILL IN THE BLANKS FOR a.THROUGH k. ANSWER QUESTIONS I and m. CORN (ACRES) SOYBEANS ACRES) RESOURCE AVAILABLE CONSTRAINT TypeAmount GROSS MARGIN a LAND LABOR CAPITAL b. d. LE LE LE h. k. Resources Available 500 acres 800 hours $75,000 Land Capital Use resources available divided by per unit requirement to determine following: I. What is the most limiting resource for corn? m. What is the most limiting resource for soybeans? By limiting resource we mean what is the maximum number of acres that could be produced considering each resource. You will have to figure the maximum amount of acres using each resource, land, labor, capital and their per unity requirements in order to answer l. and m. 1. USING THE CORN AND SOYBEAN BUDGET CONSTRUCT 2 WHOLE FARM PLANS USING THE FOLLOWING DATA PLAN 1 200 ACRE CORN 200 ACRES OF SOYBEANS PLAN 2 150 ACRES OF CORN 250 ACRES OF SOYBEANS ING AND PLAN 1 PLAN 2 Iso,000-135000 100,000 a33,ooD Corn Soybeans TOTAL GROSS INCOME VARIABLE COSTS Corn Soybeans TOTAL VARIABLE COSTS Gopoo 78,336 6 1, 644 140,030 S8790 77 0SS 135,84 miss GROSS MARGIN (RETURNS ABOVE VARIABLE COSTS) 5,470 1330 con $493 qqS3 OTHER EXPENSES IF ANY TOTAL OTHER EXPENSES NET FARM INCOME 10% REDUCTION IN GROSS INCOME REVISED NET FARM INCOME 5,203 44.768 ll,497 334,868 $74a8n 1 a415 is 63A SoYBEANS, CONVENTIONAL TILLAGE NORTH ALABAMA UNIT ACRE PRICE OR QUANTITY COSTAUNIT 8.00 TOTAL PER ACRE 400.00 A. GROSS REVENUE B. OPERATING EXPENSES 50.00 1.25 Seed & Inoculant Fertilizer 50.00 62.50 UNITS UNITS TONS 60.00 60.00 0.33 1.00 1.00 1.00 1.00 0.00 0.00 50.00 50.00 1.00 0.00 1.00 1.20 1.00 0.49 0.49 35.00 30.00 8.00 14.00 0.00 6.00 12.00 0.00 0.25 20.00 5.00 40.00 11.25 27.00 29.40 29.40 11.55 30.00 8.00 14.00 0.00 0.00 0.00 0.00 12.50 20.00 0.00 40.00 13.50 27.00 Lime (Prorated) ACRE ACRE ACRE Fungicides Nematicide Consultant/Scouting Fee ACRE Imigation Hauling Crop Insurance Aerial Application Land Rent Labor (Wages & Fringe) Tractor/Machinery Interest on Operating ACAN BU BU ACRE ACRE ACRE HOUR ACRE al DOL 148.93 0.0700 10.42 C. TOTAL VARIABLE COST D. FIXED COSTS 1.00 0.00 1.00 308.27 35.00 125.00 0.00 0.08 35.00 0.00 0.00 24.66 $59.66 $367.94 TRACTORMACHINERY ACRE IRRIGATION LAND OWNERSHIP COST ACRE ACRE GENERAL OVERHEAD DOL E. TOTAL FIXED COSTS F. TOTAL COST OF ALL SPECIFIED EXPENSES CORN CONVENTIONAL TILLAGE NORTH ALABAMA PRICE OR TOTAL PER UNIT QUANTITY COST/UNIT ACRE A. REVENUE B. OPERATING EXPENSES 150.00 6.00 900.00 1000K Seed TreatmentACRE ACRE 28.00 0.00 1.00 2.50 70.00 0.00 0.00 0.00 0.00 Tech Fee UNITS UNITS UNITS 120.00 60.00 60.00 1.00 0.33 0.57 68.40 Lime (Prorated)TONS ACRE ACRE ACRE ACRE 0.49 29.40 0.49 29.40 8.00 8.00 33.26 10.98 1.00 20.00 20.00 7.00 7.00 0.00 0.00 0.00 0.00 Herbicides 1.00 1.00 1.00 Fungicides 5.00 o.00 12.00 0.00 0.25 37.50 0.25 37.50 1.00 20.00 20.00 9.00 0.00 40.00 0.00 0.00 ACAN BU. BU ACRE ACRE ACRE 150.00 150.00 Drying Crop Insurance Aerial Application Land Remt Labor (Wages & 0.00 0.00 Fringe) Tractor/Machinery ACRE 1.20 11.25 13.50 1.00 27.00 27.00 HOUR Interest on 0070 1325 Operating Capital DOL 189.34 $391.93 C. TOTAL VARIABLE OPERATING COSTS D. FIXED OPERATING COSTS Tractor/Machinery ACRE Irigation Land Ownership Cost General Overhead DOL 35.00 35.00 0.00 125.00 0.00 0.00 0.00 0.08 31.35 $66.35 1.00 ACRE 1.00 391.93 E. TOTAL FIXED COSTS LE. TOTAL COST OF ALL SPECIFIED EXPENSES 2.SET UP A LINEAR PROGRAMMING TABLEAU USING THE CORN AND SOYBEAN BUDGETS ABOVE AND DATA BELOW. FILL IN THE BLANKS FOR a.THROUGH k. ANSWER QUESTIONS I and m. CORN (ACRES) SOYBEANS ACRES) RESOURCE AVAILABLE CONSTRAINT TypeAmount GROSS MARGIN a LAND LABOR CAPITAL b. d. LE LE LE h. k. Resources Available 500 acres 800 hours $75,000 Land Capital Use resources available divided by per unit requirement to determine following: I. What is the most limiting resource for corn? m. What is the most limiting resource for soybeans? By limiting resource we mean what is the maximum number of acres that could be produced considering each resource. You will have to figure the maximum amount of acres using each resource, land, labor, capital and their per unity requirements in order to answer l. and m. 1. USING THE CORN AND SOYBEAN BUDGET CONSTRUCT 2 WHOLE FARM PLANS USING THE FOLLOWING DATA PLAN 1 200 ACRE CORN 200 ACRES OF SOYBEANS PLAN 2 150 ACRES OF CORN 250 ACRES OF SOYBEANS ING AND PLAN 1 PLAN 2 Iso,000-135000 100,000 a33,ooD Corn Soybeans TOTAL GROSS INCOME VARIABLE COSTS Corn Soybeans TOTAL VARIABLE COSTS Gopoo 78,336 6 1, 644 140,030 S8790 77 0SS 135,84 miss GROSS MARGIN (RETURNS ABOVE VARIABLE COSTS) 5,470 1330 con $493 qqS3 OTHER EXPENSES IF ANY TOTAL OTHER EXPENSES NET FARM INCOME 10% REDUCTION IN GROSS INCOME REVISED NET FARM INCOME 5,203 44.768 ll,497 334,868 $74a8n 1 a415 is 63A SoYBEANS, CONVENTIONAL TILLAGE NORTH ALABAMA UNIT ACRE PRICE OR QUANTITY COSTAUNIT 8.00 TOTAL PER ACRE 400.00 A. GROSS REVENUE B. OPERATING EXPENSES 50.00 1.25 Seed & Inoculant Fertilizer 50.00 62.50 UNITS UNITS TONS 60.00 60.00 0.33 1.00 1.00 1.00 1.00 0.00 0.00 50.00 50.00 1.00 0.00 1.00 1.20 1.00 0.49 0.49 35.00 30.00 8.00 14.00 0.00 6.00 12.00 0.00 0.25 20.00 5.00 40.00 11.25 27.00 29.40 29.40 11.55 30.00 8.00 14.00 0.00 0.00 0.00 0.00 12.50 20.00 0.00 40.00 13.50 27.00 Lime (Prorated) ACRE ACRE ACRE Fungicides Nematicide Consultant/Scouting Fee ACRE Imigation Hauling Crop Insurance Aerial Application Land Rent Labor (Wages & Fringe) Tractor/Machinery Interest on Operating ACAN BU BU ACRE ACRE ACRE HOUR ACRE al DOL 148.93 0.0700 10.42 C. TOTAL VARIABLE COST D. FIXED COSTS 1.00 0.00 1.00 308.27 35.00 125.00 0.00 0.08 35.00 0.00 0.00 24.66 $59.66 $367.94 TRACTORMACHINERY ACRE IRRIGATION LAND OWNERSHIP COST ACRE ACRE GENERAL OVERHEAD DOL E. TOTAL FIXED COSTS F. TOTAL COST OF ALL SPECIFIED EXPENSES CORN CONVENTIONAL TILLAGE NORTH ALABAMA PRICE OR TOTAL PER UNIT QUANTITY COST/UNIT ACRE A. REVENUE B. OPERATING EXPENSES 150.00 6.00 900.00 1000K Seed TreatmentACRE ACRE 28.00 0.00 1.00 2.50 70.00 0.00 0.00 0.00 0.00 Tech Fee UNITS UNITS UNITS 120.00 60.00 60.00 1.00 0.33 0.57 68.40 Lime (Prorated)TONS ACRE ACRE ACRE ACRE 0.49 29.40 0.49 29.40 8.00 8.00 33.26 10.98 1.00 20.00 20.00 7.00 7.00 0.00 0.00 0.00 0.00 Herbicides 1.00 1.00 1.00 Fungicides 5.00 o.00 12.00 0.00 0.25 37.50 0.25 37.50 1.00 20.00 20.00 9.00 0.00 40.00 0.00 0.00 ACAN BU. BU ACRE ACRE ACRE 150.00 150.00 Drying Crop Insurance Aerial Application Land Remt Labor (Wages & 0.00 0.00 Fringe) Tractor/Machinery ACRE 1.20 11.25 13.50 1.00 27.00 27.00 HOUR Interest on 0070 1325 Operating Capital DOL 189.34 $391.93 C. TOTAL VARIABLE OPERATING COSTS D. FIXED OPERATING COSTS Tractor/Machinery ACRE Irigation Land Ownership Cost General Overhead DOL 35.00 35.00 0.00 125.00 0.00 0.00 0.00 0.08 31.35 $66.35 1.00 ACRE 1.00 391.93 E. TOTAL FIXED COSTS LE. TOTAL COST OF ALL SPECIFIED EXPENSES
