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You are a producer of super sweet potatoes. You have to decide whether to sell your crop now or store it and sell later. You
You are a producer of super sweet potatoes. You have to decide whether to sell your crop now or store it and sell later. You have just harvested your crop and the current market price is $38 per cwt. You have enough storage capacity for your entire crop. Your storage cost/cwt. is defined by the equation: SC$ = 0.45 + .1T2 where T = 1,..N the number of months in storage, T = 16. There is an $8 premium if you store your crop and sell 4 months after harvest. What will be your Net Sale Price ($) if you store your crop for 4 months and then sell?
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