Chloe, an entrepreneur, is considering starting up a Canola farm in Taber. Canola is a crop used to produce a type of cooking oil, and high protein meal. Her father owns about 20 sections of land, and he has promised to let her use 4 sections for free. She knows that she would need to buy 2 additional sections of land, but she is not sure about the other major costs she will face. She has asked you for help in building a list of key costs.

a. List 10 explicit costs Chloe is likely to face

b. List 5 implicit costs Chloe may face