Farmer LMN cultivates maize, wheat and sorghum on a farm with an area of 200 hectares that is suitable for cultivation. His expected yield is 4.5 tons for maize, 3.8 tons for wheat and 2.1 tons for sorghum per hectare. The expected prices are R4 800 per ton for maize, R3 500 per ton for wheat and R2 730 per ton for sorghum. His total costs are R580 000. He estimates input costs of R10 500 per hectare for maize, R8 600 per hectare for wheat and R7 880 per hectare for sorghum. Consider the information for Mr LMN’s farm to determine the minimum cultivated area he needs for his gross income to break even with his total cost

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Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.