Farm management UE Past Papers Questions.

Why should farm managers concerned with financial records and how is depreciation accounted for in the financial records?

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Jefta enterprises imported a Kubota tractor in year 2017 worth TAS 23 million quoted at CIF Dar es salaam. Based on the fact that it has useful life of ten years. The taxation in Tanzania is zero rated for agricultural inputs.The salvage value is 1,500,000 and tractor worked for three years then Jefta enterprises sold the tractor to Majimoto farmers cooperative given their depreciation method was using sum of the years digit find out how much Majimoto must pay to acquaire the tractor.

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1. What are the main three sources of finance to farm families
2. Explain any 3 loan repayment plans
3. Farmer Ndunguru is planning to borrow US$35000 to finance his intended farm expansion. If the interest rate is 10% and the loan is to be payable for 6 years, by using amortised loan repayment plan, prepare and explain his loan repayment schedule.

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Linear programming (LP) as a tool to solve implementation problem was first put into use during the WW2 in order to maximize killing at the lowest cost possible.

1. Define LP
2. Outline htree components of linear programming equation
3. Fertile land in Bashay Irrigation Scheme (BIS) in Mbulu District MAnyara region is currently used by farmers to produce garlic, onion, maize, Irish potato and beans apparently without any judicious plan. The recent Farm management survey revealed that the respective gross margins/ acre of the crops mentioned above is Tshs 910,000; 206,334; 133096 and 53,204. In addition, it was revealed that farmers have the following resources at their disposal.

-Available land 1.5 acre, Available family labour is 138 mandays, Avalable hired labour is 69 mandays, Money to buy seed =195,297 Tshs, Money to buy fertilizer =104,158 Tshs.

The survey further revealed that resources requirement for each crop mentioned above is as presented in the table below.

You are required to

1. Use information above and state the linear programming equation
2. Use your farm management knowledge to advise the farmer the first crop that he /she must consider in the plan (production) if the objective is maximize profit within the limits of available resources.

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1. What are the capital assets ownership costs
2. Farm tractor (MF 135) is operating a harrow which is 2.5 metres wide at a speed of 5 km/hour.

1. Assume overlaps between harrowing runs and tractor turning time at the end of a plot are negligible, how long will it take to cultivate one (1) hectare.
2. Diesel fuel consumption for the above mentioned tractor is calibrated at 5 litres/ hour. If the manager fill the fuel tank (i.e 60 litres) is the amount enough for one working day(10 hours)?

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