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You have developed an enterprise budget for each potential enterprise and you want to use that to construct a whole farm budget. The enterprise budgets
You have developed an enterprise budget for each potential enterprise and you want to use that to construct a whole farm budget. The enterprise budgets show the following gross margins for each unit of each enterprise. Units are in acres for each crop enterprise and head of animals for livestock.
Enterprise
Gross Margin
Corn
$
Sorghum
$
Wheat
$
Hay
$
Sunflowers
$
Beef
$
Ewes
$
Dairy
$
Steers
$
In that process of developing a whole farm budget, you have to select the enterprises that you will produce. Fortunately for you, you learned how to develop a linear programming LP model to help with this decision. That model is being used to maximize your farms Gross Margin.
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