2010 North Dakota Agricultural Outlook: Representative Farms, 2010-2019
AbstractNet farm income for most representative farms in 2019 is projected to be lower than in 2009. Low-profit farms, which comprise 20% of the farms in the study, may not have financial resiliency to survive without off-farm income. Commodity prices are expected to increase 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 to about 0.70.
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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 92979.
Date of creation: Aug 2010
Date of revision:
net farm income; debt-to-asset ratios; cropland prices; land rental rates; farm operating expenses; capitalization rate; risk.; Agribusiness;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-08-21 (All new papers)
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