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AGR4701 ASSIGNMENT 1 ANSWERS 2024
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AGR4701 ASSIGNMENT 1 ANSWERS 2024
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AGR4701ASSIGNMENT 1 , 2024
STUDENT NO:42402115
, Part 1
1 Establish the business title using two commodities that you will work with them
throughout the year. (4)
"Seasonal Harvest: Florals & Fruits"
1.1 State location on your proposed farm by naming:
a) Province, District municipality, Local municipality and Name of place. (8)
✓ Western Cape
✓ Cape Winelands
✓ Stellenbosch
✓ Franschhoek
b) Capture the GPS coordinates of your farm using Google GPS app in your cell phone
or other device and paste it as answer. (6)
33.9142° S, 19.1226° E
1.2 With reference to formal business registration, which form of formal farming business for
your business? Company, Co-operative Sole Priority or Others justify, why you choose such
form of business registration? (6)
The most suitable form of formal farming business for "Seasonal Harvest: Floral and Produce" would
be a company. This is because a company offers limited liability to its owners, which means that
their personal assets are protected in case the business incurs any debts or liabilities. Additionally, a
company provides a more stable and enduring business structure, which is crucial for the long-term
success of a farming business. The company structure also allows for easier access to capital and
financing, and provides a professional and credible image to potential customers and partners.
Overall, choosing a company as the form of business registration for "Seasonal Harvest: Floral and
Produce" would provide the best balance of legal protection, financial stability, and professional
credibility.
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