Let's Help JM Plan His Farming Season!
What do we need to consider when helping JM plan his farming season?
- Government quotas
- Yield per hectare
- Price per ton
- Cost of fertilizer and pesticide
- Labor hours and cost
- Other variable costs
Key Factors for JM's Farming Season Planning
When assisting JM in planning his farming season, we need to consider various factors to ensure success:
- Government Quotas: JM must comply with the quota system, planting at least 30 hectares of wheat and 20 hectares of sunflower.
- Yield per Hectare: Wheat yields 8 tons per hectare, while sunflower yields 10 tons per hectare.
- Price per Ton: Wheat sells for N$2,500 per ton, and sunflower sells for N$2,200 per ton.
- Cost of Fertilizer and Pesticide: Wheat requires 2 tons of fertilizer and 100 liters of pesticide, while sunflower needs 2.5 tons of fertilizer and 150 liters of pesticide.
- Labor Hours and Cost: Wheat requires 8 labor hours per hectare, costing N$400 per hour, and sunflower needs 5 hours per hectare.
- Other Variable Costs: Additional variable costs are N$3,000 per hectare of wheat and N$4,000 per hectare of sunflower.
Detailed Explanation for JM's Farming Season Planning
For JM to effectively plan his farming season, he needs to strategically consider all the variables mentioned above. By adhering to the government quotas, he ensures that the farm meets the required production levels of wheat and sunflower.
Yield per hectare is crucial in determining the expected output for each crop. With wheat yielding 8 tons per hectare and sunflower producing 10 tons per hectare, JM can estimate his total production for the season.
The price per ton of each crop directly impacts the revenue JM can generate. By knowing the selling price, he can calculate potential profits based on expected yields.
The cost of fertilizer and pesticide should be factored in to determine the overall expenses for each crop. By understanding the quantities needed and their respective costs, JM can budget accordingly.
Labor hours and costs play a significant role in the farming operation. With a limited number of hours available and varying labor requirements for wheat and sunflower, JM must allocate resources efficiently.
Considering other variable costs ensures that JM has a comprehensive overview of the expenses involved in the farming season. By accounting for these costs, he can make informed decisions to maximize profitability.
Overall, JM should strategically plan his farming season by balancing all these factors to achieve optimal results and meet his production goals.