Please help answer all 7 questions

1. One of the most important factors affecting farmland values is:

A. availability of public transportation

B. stock market prices

C. potential of net farm income earned from farming the land

D. interest rates

2. When a piece of farmland is sold, there are legal aspects to consider including:

A. Water and mineral rights

B. Association dues

C. EPA case law

D. Solar and wind rights

3. When purchasing land by acquiring a loan, the loan may be classed in all of the following ways except:

A. Classified by type of security

B. Classified by length of repayment

C. Classified by experience

D. Classified by repayment plan

4. A financial contingency plan would typically include:

A. Carry adequate insurance

B. Reduce reliance on farm profit-sharing

C. Increase debt

D. Shift farm profits into purchasing fixed assets

5. One advantage of custom hiring machinery operations over owning your own machine is:

a. it is more convenient

b. it requires less investment capital

c. depreciation deductions help reduce income taxes

d. you have more control over the quality of work performed

6. The main advantage of purchasing used machinery instead of new machinery is:

a. lower initial investment

b. increased reliability

c. a longer expected useful life

d. lower repair costs

7. Field efficiency would probably be highest for which operation:

A. combining

B. planting

C. spraying

D. plowing