Introduction

It's time to get your hands dirty!
Have you ever wondered what it would be like to live the life of a farmer?
Well now is your chance. In this quest we will take a look into what being a farmer is like. In this process we will discover what a producer and a consumer are apart of including:
Capital Goods
Credit
Currency
Entrepreneurs
Income
Interest
Investing
Market Economy
Natural Resources
Needs and Wants
By the end of this quest, you will understand more about how Economics work, and why they are important in your society.
Task
Your task is to build your own farm. Using the websites on the process page, research the costs of growing certain goods on your farm, and the sale price. Determine what goods are most beneficial on your farm, and then on a poster board draw what your farm would look like. On the back of your poster board, create a key of what is on your farm, and explain why it is that you chose to have those particular goods and services.
Process
Here's what you do...
First, make yourself familiar with farming with the following websites:
http://www.foodafactoflife.org.uk/section.aspx?siteId=14§ionId=63
http://www.ers.usda.gov/amber-waves/2013-april/understanding-farm-incom…
Then see what it would be like to grow crops with these websites:
http://igrow.org/agronomy/wheat/a-look-at-2014-crop-costs/
http://corn.agronomy.wisc.edu/AA/A030.aspx
What about livestock, look to these websites:
http://www.farmandranchguide.com/news/livestock/what-s-a-cow-worth-dete…
http://www.cattlenetwork.com/news/industry/how-much-your-time-farm-worth
http://www.hobbyfarms.com/livestock-and-pets/choosing-livestock-14981.a…
http://boards.straightdope.com/sdmb/archive/index.php/t-347838.html
Finally, the cost of equipment is also important, so check out these sites:
http://www.extension.iastate.edu/agdm/crops/html/a3-29.html
http://farmindustrynews.com/farm-equipment/machinery-cost-estimates-201…
https://extension.umd.edu/newfarmer/program-topics/equipment
Choose at least 5 goods and services that will be included in your farm, and write down what they are and why you chose them.
Finally, begin working on your poster board of your farm.
Evaluation
| Project Component | Criteria | Point Value |
|---|---|---|
| Creativity | Is the final project creative? Are there pictures, colors, or subtle accents that creatively blend the information contained in the project? | 10/50 points |
| Information | Is the information about your presented accurately and completely? |
10/50 points |
| Spelling/Grammar | Is the project free of spelling and grammar errors? |
10/50 points |
| Class Participation | Did the student effectively manage his/her time to complete the project on time? Did the student remain on task throughout the allotted class time given to work on this project? | 10/50 points |
| Project Reflection |
Did the student respond thoroughly and thoughtfully throughout the explanation in the project key? |
10/50 points |
Conclusion
You are officially a farmer!
Credits
Need some help building this..
Teacher Page
Capital Goods
Goods used to make other goods such as machinery
Command Economy
An economy where centralized groups decide what and how goods will be produced, distributed and consumed
Gross Domestic Product (GDP)
The total value of all the goods and services produced in a country in one year
Human Capital
Workers of a business or country including their education, training, skills and health
Market Economy
An economy in which changes in price guide what and how goods will be produced, distributed and consumed
Traditional Economy
An economy in which customs and habits of the past decide what and how goods are produced
Want
Something we would like to have
https://quizlet.com/4946338/6th-grade-economic-terms-flash-cards/alphab…
