You would plant a cereal rye cover crop. o You expect to fly the cereal rye cover crop on. The cost of aerial application is $10/acre. o You plan to plant the cereal rye cover crop at a rate 50 lbs /acre. The cost of the cereal rye seed is $0.30/1b. The cereal rye cover crop will have to be terminated in the spring. Without the cover crop, you typically apply a spring burndown application. o Your typical spring burndown program (application + herbicide cost) is $15/acre. o If you plant the cereal rye cover crop you plan to increase your burndown application rate. Your total spring burndown program (application + herbicide cost) with the cereal rye cover crop would be $19/acre. The cereal rye cover crop is expected to scavenge nitrogen. Therefore, you anticipate needing to apply less nitrogen to the following cash crop. You reduce your nitrogen application by 25 lbs./acre. The price of nitrogen is $0.40/1b. You expect that corn yield following the cereal rye cover crop will decrease 10 bu./acre. The current corn price is $3.30/bu. 1. You decide that you should build a partial budget to estimate the impact of planting the cover crop on your net returns per acre. Using the information above, complete the following partial budget. A. Increased Revenue C. Decreased Revenue Norge B. Decreased Expenses D. Increased Expenses Net Change (A+B) - (C+D)