Gce Model Questions Vol1 2017 Agricultural Science Question 10

Practice essay / theory question 10 from the 2017 Gce Model Questions Vol1 Agricultural Science examination. This question covers Farm Management .

Gce Model Questions Vol1 2017 Agricultural Science Essay / Theory
Topic: Farm Management
Question 10 GCE_MODEL_QUESTIONS_VOL1 • 2017 • AGRICULTURAL_SCIENCE • essay

A mixed farm operates on 5 hectares of land. The farmer allocates 3 ha to maize production and the remaining 2 ha to pasture for a goat herd. The following data are available: - Expected maize yield: 3.5 tonnes per hectare. - Market price of maize: ₦45,000 per tonne. - Variable cost of maize production: ₦20,000 per hectare (seed, fertilizer, labour). - Goat herd: 20 goats, each expected to gain 15 kg live weight per year. - Market price of goat meat: ₦500 per kg. - Variable cost of goat feeding: ₦10,000 per goat per year. - Annual labour cost (all farm activities): ₦150,000. - Fixed overheads (land rent, machinery depreciation, administration): ₦200,000 per year. Using this information, answer the following:

Question Parts

( a )
Calculate the gross income from maize and from goat production separately, then state the total gross income for the farm.
( b )
Determine the total variable costs and the overall total cost (variable + fixed) for the farm.
( c )
Calculate the net profit for the year and determine the break‑even area of maize (in hectares) required if the goat numbers remain unchanged. Show all steps and round the break‑even area to two decimal places.

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About This Question

This is Gce Model Questions Vol1 2017 Agricultural Science Question 10. It is one of the essay questions from the 2017 Gce Model Questions Vol1 Agricultural Science examination.

The question covers Farm Management .

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