Question
Every year, you need to decide what you want to produce with your 1,000 acres. You can decide between wheat, strawberries, sweet corn, perennial ryegrass,
Every year, you need to decide what you want to produce with your 1,000 acres. You can decide between wheat, strawberries, sweet corn, perennial ryegrass, and green beans. The yield, sales price, expenses per acre, minimum number of acres, and maximum number of acres for each crop can be seen below. Yield - Sales Price - Expenses/Acre - Min # of Acres - Max # of Acres Wheat 125 bu 6.00$ 600$ 50 500 Strawberries 12,000 lbs 0.60$ 6,500$ 5 50 Sweet Corn 10 tons 117.00$ 975$ 50 200 Perennial Ryegrass 1,500 lbs 0.62$ 700$ 50 500 Green Beans 6.5 tons 198.00$ 1,024$ 50 200 Once you have decided what crops to plant, you will create your preliminary budget. Calculate your expected profits using this information above. After you submit your preliminary budget, your farm will experience a set of shocks. Some are good, and some are bad. Based on your preliminary budget, you need to deal with the shocks to create your actual budget (you should have two budgets for each year).
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