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EQ #2 – AGEC 105
(3 pts in total)
Capps - Sept. 9, 2013
1. Suppose that Bill Toney, a tobacco farmer near Roanoke, Virginia has assets of
$50 million and liabilities of $38 million. The equity for this tobacco farmer is
12
$_____________
million.
2. As a consumer’s disposable income rises, the proportion of income spent on
food falls. This assertion is known as ______________________.
Engel’s Law
Output
Input
3. Productivity is defined as the ratio of ______________
to ______________.
Labor
4. The major component of the marketing bill for food is __________________.
5. True or False. The debt-to-asset ratio for the farm sector is in the order of 20
percent.
False
6. The retail value of a gallon of milk (fat free) is $4.19. Dairy farmers receive
roughly $1.64 for this gallon of milk. What is the dairy farmer’s share of the retail
food dollar? $1.64
= 0.39
39%
$4.19
Random Question
 ConAgra is one of the world’s largest agribusiness firms.
Name two brand products manufactured by ConAgra.
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Peter Pan Peanut Butter
Pan Cooking Spray
Hunt’s Canned Tomato Products
Orville Redenbacher Popcorn
Wesson Oil
Swiss Miss Cocoa
And More
www.conagra.com