AGEC 325 (with 100% Accurate Answers) 2024.

Improved data collection technology such as satellite or drone-based photography will be most helpful to farm managers for: correct answers prescribing fertility and pest control practices for smaller land units Standardization of farm financial ratios and accounting practices will help farm mana...

**Describe the structure of farms and ranches today: - - correct answers -number of farms in the US decreasing -average farm size is increasing (fewer but larger farms) **What are the 4 main causes of structure changes in farms and ranches today? correct answers -Labor-saving technology -G...

What is an enterprise budget? correct answers An enterprise budget provides an estimate of the potential revenue, expenses, and profit for a single enterprise. Each crop or type of livestock that can be grown is an enterprise. What is the purpose of an enterprise budget? correct answers The prima...

In whole farm planning it is assumed that when ___________ is maximized, total profit is also maximized. correct answers total gross margin The purpose of completing a whole farm budget is: correct answers to estimate the net income from all enterprises combined Sensitivity analysis looks at t...

estimating machinery costs correct answers List the basic data Calculate ownership costs Calculate operating costs Calculate total cost per hour Calculate cost per acre factors to consider in machinery selection correct answers Machinery size Timeliness Machinery size correct answers Fiel...

What has happened to farm land values recently? correct answers - inflationary effect has been significant - real value hasn't changed much, only a slight upward (increasing) trend What makes land unique? correct answers - permanent resource that doesn't depreciate (unless you don't take care...