2011 North Dakota Agricultural Outlook: Representative Farms, 2011-2020
AbstractNet farm income in North Dakota was at record levels for most representative farms in 2010. However income in 2020 is projected to be lower than in 2010. Commodity prices are expected to decrease slowly from current levels. Commodity yields are projected to increase at historical trend-line rates and production expenses are expected to return to normal growth rates. Debt-to-asset ratios for all farms except for the low profit farm will decrease slightly throughout the forecast period. Debt-to-asset ratios for the low-profit farms are expected to increase slightly.
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Bibliographic InfoPaper provided by North Dakota State University, Department of Agribusiness and Applied Economics in its series Agribusiness & Applied Economics Report with number 115629.
Date of creation: Jul 2011
Date of revision:
net farm income; debt-to-asset ratios; cropland prices; land rental rates; farm operating expenses; capitalization rate; risk; Agricultural Finance; Farm Management; Financial Economics; Land Economics/Use;
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