+472 Energy Flow & Economics
Which is more energy efficient (which can earn you more dollars
per energy unit), farming an acre of corn or ranching an acre of
cattle? Consider that you have 100,000 EU (energy units) available
for your acre.
Use this data to help you make your decision:
An average of 162 bushels of corn can be sewn at a cost of approximately
$3.28/bushel on 1 acre of irrigated land. Determine the market price
per bushel on 9/15/15 using the website
An average of 1200lbs of cattle can be raised at an average cost of
$0.70/lb on 60 acres of land with ample water. Determine the market
price per pound on 9/15/15 using the website
What variables may contribute to the "averages" mentioned above - how
would these variables effect the efficiency (personal economic impact) of
your land use?
You must show all calculations in your notebook to determine
which crop gives you the best $/EU.
Heres the website for it too: http://www.quotecorn.com/
