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Please help me fill out this info to be able to do the rest of my HW. AgECON 301 Homeworkt#2t-tReevaluatingtRent Use the same cost information

Please help me fill out this info to be able to do the rest of my HW.

image text in transcribed AgECON 301 Homework\t#2\t-\tReevaluating\tRent Use the same cost information from In-Class Exercise 2-2 and recalculate with the following prices. Price #1: $2.75 for corn $8.50 for soybeans Price #2: $5.00 corn $13.00 for soybeans The following factors remain the same. Cash Rent: $300/acre Bushel Rent: 60 bushels corn, 15 bushel beans Share Rent: The landlord would pay for 40% of the Chemicals, Fertilizer, Crop Insurance. The landlord would also receive 40% of the government payment and bushels. Yield: 225 bu/ac for corn 65 bu/ac for soybeans Step 1: Step 3: Gross Income: Cash Rent - Corn Yield Price Government Payment Total Gross Income Soybeans Bushel Rent Corn Soybeans Corn Soybeans Yield Your Share Price Government Payment Total Gross Income Share Rent Yield Your Share Price Government Payment Total Gross Income Direct Expenses: Cash Rent Corn Direct Expenses Seed Fertilizer Crop Chemicals Crop Insurance Irrigation Energy Fuel & Oil Cash Rent Other Direct Total Direct Expenses Soybeans Bushel Rent Corn Soybeans Corn Soybeans Direct Expenses Seed Fertilizer Crop Chemicals Crop Insurance Irrigation Energy Fuel & Oil Cash Rent Other Direct Total Direct Expenses Share Rent Direct Expenses Seed Fertilizer Crop Chemicals Crop Insurance Irrigation Energy Fuel & Oil Cash Rent Other Direct Total Direct Expenses Overhead Expenses: Cash Rent, Bushel Rent, & Share Rent Corn Overhead Expenses Total Overhead Expenses Soybeans Cash Rent, Bushel Rent, & Share Rent Family Living & Taxes: Profit: Summary: Corn Cash Rent Soybeans Bushel Rent Corn Soybeans Share Rent Corn Soybeans Gross Income Direct Expenses Overhead Expenses Family Living & Taxes Net Income Average Profit Name at least three other things should you consider in a rental decision besides price change and how would they effect the bottom line? And based on this information which rental arrangement would you choose and why

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