Overview of semester project:It is exciting to be in agriculture. Emerging economies around the world are creating demand inthe protein sector, technology is allowing producers to realize efficiency...

Overview of semester project:It is exciting to be in agriculture. Emerging economies around the world are creating demand inthe protein sector, technology is allowing producers to realize efficiency gains that wereunforeseen just years ago and weather has turned more volatile, for just a few examples.Your assignment is to create your business to break into agriculture !! Using theknowledge gained from the lectures and case studies, you will be able to model the financialcondition and premises of your first farm production business. The items needed tocomplete this project in a satisfactory manner will include :· A brief paper explaining the scope of your business. This paper will include yourenterprise type, scope and size of the business, sales plan, risk mitigants & operatingpremises.· A projected balance sheet of your business reflecting assets and liabilities uponbusiness inception.· A projected operating budget of your business including income, expenses and debtservice.Part I: Due September 30-Business Scope PaperPart II: Due October 7-Balance SheetPart III: Due October 21-Operating BudgetPart IV: Presentations – October 28, November 4, November 11 & November 18