...Freemark Abbey Winery Case The Freemark Abbey Winery must decide whether to harvest their grape crop before or after an incoming storm. If the storm is light there is a chance of the grapes developing a mold, which is beneficial to the flavor and increases the wine’s value. There is also a possibility that the grapes will not become botrytised and will simply absorb water which will reduce the wine value. There are a number of options available to the winery in this situation. The grapes may be harvested immediately, resulting in a reduced revenue. This option is low risk, but also has low return as the grapes will reach a market value of $2.85 per case. If harvested and sold in bulk the grapes will be values at only $1.00 per case. If 12,000 cases are produced the total revenue will be $34,200 maximum and $12,000 minimum. The advantages of this are that the entire grape crop is not going to be lost (low risk), that there will be a guarantee of some profit, and that production can begin earlier. On the other hand there is a higher likelihood of a low return, particularly on the grapes sold in bulk. If the grapes are left on the vine and a storm does not come they will only ripen more. This option could lead to equal or greater profits than those found by harvesting immediately. The grapes left on the vine will have the potential to develop to bring in anywhere from $30000 to $46000. The disadvantages of this option would be the potential that the grapes’ sugar will not develop...
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...the lunar month, the villagers often go to the pagoda to give offerings to The God of Agriculture. On the right of the village flows quietly a clear and blue river. When I was young, I used to swim in the river with my friends. How can I forget the wonderful time on this river fishing or rowing a boat with my boyhood friends! On the left of the village lies the village green where village meetings are often held by village officials. On this ground covered with soft grass we used to fly kites on windy autumnal evenings. The majority of villages live on agriculture. They get rich thanks to their fertile rice-fields and their diligence. Harvest time is certainly the busiest and the merriest time of the year. During the harvest, the villagers often get up very early in the morning. They cheerfully go to their rice-fields to harvest the bumper crop – the fruit of many months of hard work. My villagers are very friendly and helpful. They are willing to offer mutual help in any case and always get on with one another harmoniously. My village is rather small indeed but I like it very much because I was born and have grown up there and spent my happiest childhood among the simple and hard-working villagers who always feel attached to their native...
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...Price of P and Quantity of Q. This is deemed by the government to provide a price which is fair to both consumers and producers and an adequate supply of the commodity. In Year 2 there is a bumper harvest (shown as S2 on the diagram). Without a buffer stock system then price will fall to P2 and Quantity rises to Q2. This could present a problem to producers, who may consider P2 is too low a price for their commodity. In Year 3 there is a poor harvest (shown as S3 on the diagram). Without a buffer stock system then price will rise to P3 and Quantity fall to Q3. Also, P3 could be deemed an unfair price for consumers to pay by the government. The buffer stock system works by minimising fluctuations in the supply of a commodity to help to stabilise price. When there is a good harvest, the government can choose to buy and store the excess supply (Q-Q2). This will keep the price at P and Quantity at Q. However, if there is a bad harvest, the excess commodity from Year 2 can be used to boost supply from S3 to S, increasing the Quantity from Q3 to Q and lowering the price from P3 to P. The advantages of this system are that it will keep the output relatively stable. This will prevent food shortages which would otherwise occur for example in Year 3. This situation could be disastrous if a harvest is particularly bad as serious food shortages could be a major risk to health. Also, it will...
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...Indians that used to inhabit the continent of North America. Suffering, war, famine, love, and a bad harvests, have pushed my people to be scattered across North America. Legends of my people have traveled far and it begins before the land shifted into the world as it is today. Great change has made my people reap the lands with crop and animals to provide for their needs and the needs of the tribes. Many years they have lived, and many years they have suffered, but this is where my story begins, it the midst of it all, the year is 110 B.C., and 10 years before my birth. First let me explain to you a little about my speech. I have lived a long time, as you can tell, I am immortal. I have the human language well and can speak over 30 different languages, not including the Native American languages. I am not into using large and hard to understand words; their meanings are pointless if you don’t know what the word is. My father had a wife that couldn’t bear children, and for the chief of a tribe, it is important to have children to carry on the tribe’s traditions, bloodline, and heritage. Every night and day he would pray to our gods, asking for a child while the harvest went bad, finally he decided to change he prayer and ask for a good harvest. The harvest was plentiful, so he continued to ask for a good harvest every time. He continued for nine years, the harvest was healthy, everyone had food and provisions, and everyone was happy. Well not everyone, the wife of...
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...[pic][pic][pic] PAHELA BAISHAKH : The first day of the Bangali year is celebrated in a festive manner in both Bangladesh . In Bangladesh Pahela Baishakh is a national holiday, which falls on April 14 or 15.The festival is celebrated with songs, dances, regional games, kite-flying, ox, fighting or reciting of poems with all their regional traits and festivity.Pahela Baishakh marks a new beginning, a new hope, a year full of joy, well-being and prosperity. The day is spent in feasting and participating in cultural activities. People wish each other "Shubho Nabo Barsho!!".Pahela Baishakh is indeed a momentous occasion in the life of each and every Bengalee. It is the first day of Bangla calendar year. To every Bengalee, young and old, rich and poor, wise and ignorant, it is a time of gaiety to be celebrated with great merry-making. The main event of the day was to open a halkhata or new book of accounts. This was wholly a financial affair. In villages, towns and cities, traders and businessmen closed their old account books and opened new ones. They used to invite their customers to share sweets and renew their business relationship with them. This tradition is still practised, especially by jewellers. PAHELA FALGUN” The 1st day of spring is a traditional festival in Bangladesh. Tune to the colorful life with the flavour of spring is the fartival theme. Bangladesh is the most attractive for the six season? and the most loving and attractive is spring which sing love ,joy...
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...Freemark Abbey the respect and demand in the winemaking industry. Several considerations are given in producing a consistently high quality product. The seeds, soil, weather, maturation time of the grapes, timing of the harvest, fermentation time, acidity and sugar levels all play an important role in product delivery. Careful consideration must be given in order to uphold one of Freemark Abbey's greatest strengths, it's reputation. For this decision, we considered multiple points in the decision making process, considering the probability of rain, sugar and acidity levels, as well as the possibility of botrytis mold forming after a potential rainstorm. With reports of a rainstorm ahead with a 50% chance of it striking the winery, we constructed a decision tree and analysis to help guide the decision process and support the resulting recommendation. Initially, Mr. Jaeger is faced with two options; harvest the grapes immediately or wait for the storm to occur at a 50% probability. The options provide very different outcomes that will ultimately affect the winery's earnings and brand. If the grapes are harvested immediately, there is very list risk involved and they will earn $2.85 per bottle, or $34,200 for the 12,000 bottles they plan to make in the harvest. This option does't allow the opportunity to produce a premium Riesling wine, and prevents the profits from it as well. The other decision would be to wait for the storm. If the storm occurred it creates the possibility...
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...Identify impacts associated with agriculture Some time ago a quarter of earth was covered by grassland but all that changed for the reason of the loss of wildlife habitat most of the grasslands have been turned into farms. The majority of soils of the grasslands are wealthy and as a result just about approximately anything can be developed. Then again impoverished agricultural procedures can wreck soils maneuvering grasslands into unresponsively and unproductive. If the harvests are not well taken care off then as a result nutrients inside the soil are unprotected having mediocrity crops for many years. Assessed towards grassland farmlands receives insufficient wealth for the producing of offspring plus also farm animals ruin grassland. According to "Grassland Threats" (© 1996-2012 National Geographic Society. All rights reserved.), (“In United States only 5% of original grassland is still remaining.”) Grassland have several threats which are the nonstop of global warming affecting present grasslands by turning them into wasteland including the pattern changing of rainfall, city expansion are highly growing decreasing the grassland environment, having few crops growing, bugs, illness can extend without problems causing the requirement of toxic pesticides, dried plants, cold weather, wheat, and corn lets crops developed into natural prairie. Grasslands also have solutions for all its negative threats such as schools and teachers educating students more on exactly how to safe from...
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...------------------------------------------------- Al-noor Mohssien B. Disalo 3 – EAC ------------------------------------------------- ------------------------------------------------- 1. Historical Background on separate accounting for agricultural / biological assets This is a limited scope project to consider an amendment to IAS 41 Agriculture in relation to bearer biological assets (BBAs, e.g. fruit trees, grape vines), as to whether these assets would be better accounted for under IAS 16 Property, Plant and Equipment rather than using the fair value measurement approach prescribed by IAS 41. There is support (especially those in the plantation industry) for a limited-scope project for BBAs and such a project is also supported in the Issues Paper produced by the Asian-Oceanian Standard Setters Group (AOSSG) and the IASB's Emerging Economies Group (EEG). Users of financial statements that responded to the IASB's agenda consultation considered a project on bearer biological assets to be important/urgent. The AOSSG noted that concerns had been raised by investors (as well as preparers) about the relevance and usefulness of information provided to users for certain biological assets accounted for at fair value. Specifically the paper included a survey performed by the Malaysian Accounting Standards Board (MASB) in 2010 that found that a group of analysts specialising in plantation did not find fair value information for BBAs useful, particularly the presentation of...
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...Price/bottle x # of cases x # of bottles x prob x % of volume post production * Grapes with botrytis mold: $8x1000x12x40%x70% = $26,880 * Grapes without botrytis mold: $2x1000x12x60% = 14,400 If the rainstorm does not strike, Jaeger could wait until the grapes ripen more fully, which has only a 40% chance to make a good wine. The price for this is $3.50 per bottle. There is a 40% chance of the grapes becoming low acidic wine, which only can be sold for $2.50 per bottle. Now we can calculate for potential revenue if Jaeger harvests later and the storm did not strike using EMV as follows: Price/bottle x # of cases x # of bottles/case x probability * Good wine: $3.5x1000x12x40% = $16,800 * Thin wine: $3.0x1000x12x40% = $14,400 * Low acidic wine: $2.5x1000x12x20% = $6,000 Another option is to harvest the grapes before the storm comes. They can be sold for $2.85 per bottle. We can calculate for the total revenue when Jaeger harvests immediately. Wh EMV calculates revenue for bottling as follows: Price/bottle x # of cases x # of bottles/case x...
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...Lucky Prawn Farm CASE CONTEXT The aquaculture industry in the Philippines is a major livelihood and employment opportunity, banking on the country’s rich supply of consumable marine life from its aquatic resources. Giant Fresh Prawn farming makes up a portion of the aquaculture industry. The Giant Freshwater Prawn locally known as ulang in the Philippines, is valued for its nutrition content and considered a promising aquaculture species for their high survival rate. Freshwater prawn can now give large ireturns with small investment. Prawn farming has started as an incidental harvest in milkfish water ponds. It was popular during the mid-1970’s in Japan and this gave way to prawn exports in 1975. Prawn farming was first introduced to the Philippines before the 1980’s. The real boom in production began in the mid-1980’s as rich families in the Visayas region started converting their sugar plantations into aquaculture business. They saw prawn farming as a more profitable alternative to sugar. In 1992, the prawn industry had its peak, earning approximately US$ 300 000 000 and became the top marine product export from the Philippines. However, certain diseases from marine products in the early 1990s caused significant decline in production. Prawns are typically cultivated in freshwater. A female prawn lays thousands to millions of eggs, which hatch after about a day. The hatched prawn are fed and develop into young prawn after about 12 days. Then, the post larvae are put either in...
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...Justin Bain AGB 430 Term Paper December 2, 2013 Cotton’s Hedging and Futures 1. Introduction a. History of the cotton market The history of the cotton market here in N.C did not really get big until the mid-1990’s when farmers figured out they could get a better yield with cotton based upon the climate and soil types here in N.C. So the grain production fell off as people started growing cotton and liked how the market was set upon compared to the grain market when it is ever changing and hard to set a high price and never know when the grain is going to go up or down. Now in 2013 here in N.C there is still a lot of cotton acres but not as many as ten years ago based upon the widely uses of grain now and the price which has hurt the cotton market but has also keep competitive with other markets like soybeans or corn. Also farming has changed a lot to with most farmers going more and more acres which year and expanding their operation to become more diverse and be able to play into different agricultural markets. The cotton market has to keep a bare minimal to be able to get growers to grow enough acres to be able to support the textile mills. This is where most of the virtual marketing comes into play. Marketing is very important to a farmers and his operation because that depends of the amount of profit he is going to make that year and also how much input he is going to put into that crop to make it the best it can be. Now days it is hard because of the price of...
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...Dear friend I predict you maybe kind of shocked or amazed to be hearing from me after such a long while. I hope you're keeping fine and everything's swell in Salinas. I guess you may have of heard I got married, this guy named Curley. He's the son of a big rancher and we live out at the ranch. We grow barley mostly out here. All the workers live in the bunkhouse, but me and Curley live in a big two by four house. Curley's fixing to decorate it up real nice; as soon as he's done I was thinking you could visit and stay a while? It's mighty different out here to Salinas, not many folks to talk to. There's just me, Curley, his old man, and the hired hands; they're drifters, mainly here in spring and harvest time. Oh and there's this uppity nigger of course, kept in the stable, so I don't talk to him. I don't talk to no fat lipped nigger! Anyways the boys start work early morning and finish late afternoon, they all go back to the bunkhouse and most times play cards. Sometimes Curley and all the boys have a horseshoe tournament going on, I don't like it when that happens cause I'm all on my own in the house or out there, but it is one of the few times Curley lets me go outside. Other times he tries to keep me in the house. He gets mighty jealous even though I never give him cause to...
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...1 and Problem2. You can use this template to complete online assignment six and use the submission link to submit the assignment by the due date. I also created a “node” and an “arc” in problem 1 spreadsheet. You can copy it to create all nodes and connections. The Excel assignment file should include your name. (e.g. John Smith HW 5) #1 Monohan Machinery specializes in developing weed-harvesting equipment that is used to clear small lakes of weeds. George Monohan, president of Monohan Machinery, is convinced that harvesting weeds is far better than using chemicals to kill weeds. Chemicals cause pollution, and the weeds seem to grow faster after chemicals have been used. George is contemplating the construction of a machine that would harvest weeds on narrow rivers and waterways. The activities that are necessary to build one of these experimental weed-harvesting machines are listed in the following table. Construct a network for these activities. ACTIVITIES IMMEDIATE PREDECESSORS A B C A D A E B F B G C, E H D, F #2 After consulting with Butch Radner, George Monohan was able to determine the activity times for constructing the weed-harvesting machine to be used on narrow rivers. George would like to determine ES, EF, LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. (See problem #1 for details) The activity times are shown in the following table: ACTIVITIES TIME (WEEKS) A 9 B 7 C 2 D 6 E 12 F 6 G 8 H 10...
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...Autobiography on Jonathan Davis Jonathan Davis, a middle-class boy at the age of 14, is an apprentice to his father Joseph Davis, a blacksmith. He lives in the town of Rochester during the 1800’s with his mother two sisters and four brothers, all between the ages of 6 months old- 16 years old. Jonathan goes to school from November to April because the other months are harvesting time. He dresses like his father with overalls and boots. Jonathan has been trying to save up money so he can afford to buy a hat for his pa when he has the sun beating on his head when they harvest the crops, corn, wheat, and beans. His father takes him out of school when it comes time for the harvesting season. All of the family except for his sisters and mother come to help them in the fields. The women in the family stay and clean the house or cook and tend to the babies. Joseph had taught him how to farm starting when Jonathan reached the age of 10, of course at that time he didn’t have the strength to lift the heavy wood so he would carry the water buckets to and from the fields to water the plants during the dry seasons. As an apprentice of his father’s Jonathan would help take orders and clean out the fire until he was old enough and more experienced enough to actually start making the items. Some of the items people would request where horseshoes, and parts for carriages. Shovels or other construction tools used for building had also been made in the blacksmith’s shop too. The men would...
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...Wouldn’t it be neat to be able to grow your own crops? You could use these crops for whatever you wanted. You could sell them, use them to eat and enjoy yourself, or even can them. There are many benefits to growing your own crops right in your own yard. Good afternoon. My name is Jessica Crabtree and I proudly represent the Taylor County High School FFA. Today I will be discussing with you how to prepare your home garden for growing crops and preserving these crops. If you follow these guidelines and tips I share with you today I assure you that you will be very pleased with the turn-out of your garden. To start off with you will need to choose what crop you would prefer to grow. This is actually a lot harder than you may think it is. If you are a beginner or you want to start small then I would advise you not to grow a lot of crops at one time. When my grandpa and I started growing crops in his garden we started by growing potatoes, we then went to growing corn, and now we grow different varieties of crops. With a little practice you too can increase the amount of crops you grow. You will need to determine what crops you can grow in your certain land location. Certain crops can be affected by soil, rainfall, climate, or the space available. These all play a huge roll in what crops that you decide to grow. Be sure to choose a location with the requirements for the crops that you plan to grow; they will need good direct sunlight for at least six hours each day. It may be...
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