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2002 North Dakota Agricultural Outlook: Representative Farms, 2002-2011

Author

Listed:
  • Koo, Won W.
  • Taylor, Richard D.
  • Swenson, Andrew L.

Abstract

Net farm income for most representative farms in 2011 will be lower than in 2002. Low profit farms, which consist of 25% of the farms in the study, may not have financial resiliency to survive. The new farm bill will provide higher net farm income than a continuation of the FAIR Act. Cropland prices and cash rental rates are projected to increase slightly in all regions. Debt-to-asset ratios for most farms will increase slightly throughout the forecast period. Debt-to-asset ratios for the low-profit and small-size farms are higher than those for large and high-profit farms.

Suggested Citation

  • Koo, Won W. & Taylor, Richard D. & Swenson, Andrew L., 2002. "2002 North Dakota Agricultural Outlook: Representative Farms, 2002-2011," Agribusiness & Applied Economics Report 23506, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:23506
    DOI: 10.22004/ag.econ.23506
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    Keywords

    Farm Management;

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