Farm management UE Past Papers Questions.


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(1720) Question Category: Short answers

Present a continuum nature of risk and uncertainity

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(1721) Question Category: Short answers

Explain how transferring risk to markets can reduce agriculture marketing risks.

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(1722) Question Category: Short answers

How financial discounting is risk management strategy

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(1723) Question Category: Mathematical Calculation

Professor from Crop Science is due to retire on 31st December 2017. Has two options either to receive US$72,000.0 lump-sum on a date on retirement or be pain US$ 8000 per annum until he dies. If he is expected to live for 11 years please advice which is the best option for the professor if opportunity of capital is 10%.

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(1724) Question Category: Mathematical Calculation

 Study the following initial tableau respond to the subsequent questions

Resource Amount Activities Slacks R Value
Corn Wheat Bean Cotton Corn Wheat Bean Cotton
Land(ha) 500 1 1 1 1          
Labour(hrs) 2000 2 3 1 4          
Tractor(hrs) 6000 4 6 5 2          
Irrigation water(L1) 60,000 12 2 1 2          
Herbicide(lt) 500 4 1 2 5          
C   500 400 600 350          
Z                    
Z-C   -                
  1. Prepare the table and fill in the empty cells
  2. What is the original LP statement which resulted to this tableau
  3. Generated the subsequent tableau based in information in (a) above

 

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