Inputs Cost $ Seed 30/ha Fertiliser 148/ha Chemical 73/ha Fuel 35/ha Crop insurance 2/ha Grain marketing 1/ha Agronomy 1/ha Farm advisor 1/ha Wages 22/ha Freight 10/t Receival fees 10.2/t Destination freight fee 18.6/t $ Total cost Note: All calculations based on an average yield of 2.6t/ha (Yield x Price) Costs = Profit – Use the equation to work out this year’s profit. Create a pie chart to illustrate how much of her income she got to keep and how much was paid to her suppliers and service providers. Can you recommend ways that Farmer Black can increase her of the ‘piece pie’ next season? Consider yield, price and cost…
Inputs Cost $ Seed 30/ha Fertiliser 148/ha Chemical 73/ha Fuel 35/ha Crop insurance 2/ha Grain marketing 1/ha Agronomy 1/ha Farm advisor 1/ha Wages 22/ha Freight 10/t Receival fees 10.2/t Destination freight fee 18.6/t Total cost $ Note: All calculations based on an average yield of 2.6t/ha Use the equation (Yield x Price) – Costs = Profit to work out this year’s profit. Create a pie chart to illustrate how much of her income she got to keep and how much was paid to her suppliers and service providers. Can you recommend ways that Farmer Black can increase her ‘piece of the pie’ next season? Consider yield, price and cost…