No-Till Farming and Agriculture Practices Term Paper - 1

No-Till Farming and Agriculture Practices - Term Paper Example The organic matter residues which are left by the previous crop, water, the microbes present in the soil, and other living organisms like fungi, earthworms etc are disturbed. All such happens in the traditional methods of crop cultivation. In the methodology applied in No-till farming, the farmers use such machines which only makes hole in the soil where the seed is to be planted. The area surrounding that hole is not disturbed thus the seed is provided with sufficient organic materials, water, minerals and certain symbionts which may enhance the growth and yield (No-Tillage Farming. 2012). The concept of no-till farming was introduced by Edward Faulkner in the 1940’s but it did not gain attention until after the World War II. With the synthesis of new chemicals after the World War II, many scientists and researchers stepped out to look for newer ideas. With the advent in the modern technology, no-till farming is rapidly being adopted by most farmers in the developed countries. It is known as the best practice in agriculture because of its efficiency and feasibility. The method of no-till farming gives more and much better yield as compared to the conventional methods. It is less laborious and more economical. It requires less fuel, chemicals, and fertilizers in contrast to the traditional method in which the fertilizers were added to the entire field for enrichment. As no-tillage method disturbs as little soil as possible, it keeps the soil integrity intact thus prevents soil erosion and the organic residues form the previous crops are not removed. This enhance s the organic matter in the soil and thus the seed is encircled inside it. In the traditional methods of farming, the soil was rigorously disturbed which increased the surface area of the superficial organic matter to the soil microbes. The microbes rapidly decomposed all the organic matter which then became unavailable for the

Quantitative Decision Making Essay Example | Topics and Well Written Essays - 1000 words

Quantitative Decision Making - Essay Example Therefore, the expected value of producing the platforms commercially is 17,000. We have evaluated the option of conducting further research to make a more knowledgeable decision. Based on our previous experience we know that the research report could either predict high or low sales or could be inconclusive. There is previous data to prove that the research reports do not always accurately predict sales. After working out the probability of high and low sales based on the likely result of the market research and the probability of it being accurate, we realize that .. There are three routes that we can take. 1. Decide to produce platforms without market research 2. Conduct market research to decide way forward 3. Abandon commercialisation of the platform The viability of the project depends on the demand for the product post commercialisation. Given our past experience with launches of similar products, we know that the probability of high sales of such products is 30%. Our assessment of the profits from this project in case of high sales is 150,000. If the demand for the product is low, we stand to loose 40,000. Therefore, the expected value of producing the platforms commercially is 17,000. We have evaluated the option of conducting further research to make a more knowledgeable decision. Based on our previous experience we know that the research report could either predict high or low sales or could be inconclusive. There is previous data to prove that the research reports do not always accurately predict sales. After working out the probability of high and low sales based on the likely result of the market research and the probability of it being accurate, we realize that if we decide to go ahead and produce platforms based on market research, the expected value of the project will be 22,001. Therefore, the cost of the research can be valued at 5001. If the market research report predicts low sales and we do not produce the platforms, we would have incurred a cost of research The following factors need to be taken into account while deciding whether to produce or abandon the platforms project before or after conducting research : Expected value of producing the platforms without research - 17,000 Expected value of producing the platforms with research -