You may need to look up some of the words and process such as "acres, bushels etc." but this part of the exercise! Use Wikipedia or google searches, Part 1: Whole Farm Budget Create a whole farm budget using the data below. Assume the farm will grow 500 acres of corn and finish 2,000 head of feeder lambs each year. 1. Enterprise budgets Corn (1 acre) Finish Feeder Lambs (1 head) Yield 160 bu. Weight 125 lb. Price $4.20 Sale Price $0.90 Variable Costs $350 Variable Costs $80 Labor 3 hr. Labor 1.0 hr Corn (for feed) 5 bu. 2. Multiply the values above by number of units of each enterprise to be carried out. (5 marks) 500 acres Corn 2000 head Feeder Lambs Bu. Produced - Bu. Fed = Bu. Sold (Corn) - Lb. sold (lambs) Selling Price Gross Revenue Variable Costs 16 marts