QCAA Agricultural Science Evaluation of an agricultural enterprise’s sustainability
5 sample questions with marking guides and sample answers
The table shows an excerpt from a partial budget for a sheep producer who is considering converting their enterprise from a prime lamb flock to a dual-purpose flock.
| $ | |
|---|---|
| Gains | |
| Wool sales | 10 999 |
| Variable inputs for grain | 5878 |
| Gains | 16 877 |
| Losses | |
| Shearing | 3495 |
| Prime lamb sales | 6812 |
| Losses | 10 307 |
| Net change | 6570 |
Which conclusion is supported by the data in the table?
Additional costs would be smaller if changing enterprises.
The producer should continue having only a prime lamb flock.
Revenue would increase if the producer converted to a dual-purpose flock.
Overall profit would decrease if the producer converted to a dual-purpose flock.
Which strategy would most effectively reduce turbidity in a creek running through an extensive cattle operation?
erect stock fences along the creek
remove aquatic vegetation from the creek
limit the stocking rate of cattle over the operation
increase the level of chemical control of weeds along the creek bank
Explain a risk avoidance strategy that an animal producer could implement to reduce potential production losses from an adverse financial event.
Describe one advantage and one disadvantage of succession planning.
An agricultural business owns and operates a portfolio of properties, feedlots and farms in Queensland and the Northern Territory. Each property is part of the business’s supply chain for breeding, growing and finishing cattle and growing grains and fodder crops to support cattle production.
Directors of this business are accountable for contributing to the success of the organisation. The business is listed on the Australian Securities Exchange.
Determine the ownership structure of the business. Justify your conclusion by identifying two characteristics of this ownership structure and use evidence to support your response.