What percent can the price of canola decline

Reference no: EM133655551

Question: Crops and feed revenue' for Joe and Elise farmer is $502,893. Assume that of that amount, $450,000 came from the sale of canola-specifically: 25,000 bushels at $18 per bushel. By what percent can the price of canola decline before Joe and Elise's capital replacement and term debt repayment margin goes to zero?

Reference no: EM133655551

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