Q1. Complete the partial budget (for the entire 2 acres) based on the following information for a proposed change from corn production to enrollment in the Conservation Reserve Program (CRP) on a 2 acre filter strip. (16 points) Corn produces an average of 78 bushels per acre on the land eligible for CRP filter strips according to recent yield map information. CRP land qualifies for a payment of $76 per acre annually. The CRP filter strip must be planted in grass which costs $9.25/acre on an annualized basis for establishment and maintenance. Corn has an expected price of $3.45 and a variable cost per acre of $189.60. Fixed costs for the farm amount to about $27,530 for depreciation, interest, insurance and property taxes. Proposed Change: A. Added Income C. Added Costs B. Reduced Costs D. Reduced Income Net Change - A+B-C-D- 1. Should the farmer enroll in CRP? Why or why not? 2. What are some factors that are not reflected in this partial budget that the farmer would want to consider in making this decision