What should the company do


Assume that the current date is March 15. On this date, Agriproducts Corporation must make a decision as to whether it is financially better off to plant a certain farm to corn, leave the land idle (no income is derived from idle land), or rent the land to another farmer for $50 per acre. Corn prices have been severely depressed in recent years and Agriproducts Corporation's best guess is that corn prices will be around $2.00 per bushel at the time the crop is ready for harvest. What should the company do?

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Accounting Basics: What should the company do
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