Imagine That You Are a Farmer

question 21

Essay

Imagine that you are a farmer. Write a journal entry that outlines the conditions that led to the Food Security Act (Farm Bill) of 1985. While you agree in principle with the Conservation Reserve Program of this bill, you've discovered a loophole that would be financially profitable for you. Present in your journal the argument you are having with yourself: the pros and cons associated with compliance with this program.

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Definitions:

Expected Return

The weighted average of the probable returns of an investment, considering all possible scenarios.

Standard Deviation

A numerical indicator used in statistics to represent the extent of scatter among data points.

Standard Deviation

A statistical measure that indicates the extent of deviation for a group as a whole, showing how much variation or dispersion exists from the average.

Cyclical Stock

A stock whose price is affected by macroeconomic or systematic changes in the overall economy.