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The following information was obtained from an enterprise budget for asparagus production for a farmer. The farmer produces 25 acres of asparagus. (15) Fixed costs:

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The following information was obtained from an enterprise budget for asparagus production for a farmer. The farmer produces 25 acres of asparagus. (15) Fixed costs: $ 760/acre Preharvest costs: $ 195/acre Postharvest costs: $ 220/acre Harvest costs: $ 1,030/acre Yield: 45 cwt/acre Selling price: $ 55/cwt 1. Create the enterprise budget and show the predicted economic profit per acre below. 2. What is the cost of production in $/acre? 3. What is the breakeven price in $/cwt? 4. What is the breakeven yield in cwt/acre? 5. What is the total expected profit for the farmer from the 25 acre asparagus enterprise

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