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Ref No: 39188

Introduction

The civilization is based on its farmers. They are indeed the individuals who supply us with all of our food. As a consequence, farmers are still a source of income for the entire community whether it is the smallest or largest. Just due to them can we survive on the earth. Therefore, farmers represent the most significant individuals in the planet. Despite their huge significance, farmers still don’t enjoy a decent way of life. The role of farmers in our society is crucial. We receive our dietary needs from them. Since everyone requires healthy food to survive, they are essential to society (Kay, Edwards and Duffy 2020).

This essay would outline, the plan of proposed cropping strategy for the farm and the machinery requirement as well as Methods of purchase, hire, lease etc. Further, the Operational costs over a 5-year period and estimated asset values for each method of ownership would be provided. Lastly, Tax incentives and the recommendations would be provided.

Cropping Policy and Strategy

A cropping policy is a government intervention that encourages or requires farmers to grow a variety of crops, as opposed to specializing in a single crop. It can be done in a number of ways, but the goal is always the same: to ensure that the country has a food supply that is not reliant on a single crop, and to reduce the risk of food shortages. There are a few different types of cropping policy, but the most common one is known as crop diversification which would be used for this farm’s cropping strategy. This policy requires…