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2011 North Dakota Agricultural Outlook: Representative Farms, 2011-2020

Author

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

Abstract

Net 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.

Suggested Citation

  • Taylor, Richard D. & Koo, Won W. & Swenson, Andrew L., 2011. "2011 North Dakota Agricultural Outlook: Representative Farms, 2011-2020," Agribusiness & Applied Economics Report 115629, North Dakota State University, Department of Agribusiness and Applied Economics.
  • Handle: RePEc:ags:nddaae:115629
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    File URL: http://purl.umn.edu/115629
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    References listed on IDEAS

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    1. Benirschka, Martin & Koo, Won W., 1995. "World Wheat Policy Simulation Model: Description and Computer Program Documentation," Agricultural Economics Reports 23333, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Benirschka, Martin & Koo, Won W. & Lou, Jianqiang, 1996. "World Sugar Policy Simulation Model: Description And Computer Program Documentation," Agricultural Economics Reports 23432, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Nerlove, Marc, 1972. "Lags in Economic Behavior," Econometrica, Econometric Society, vol. 40(2), pages 221-251, March.
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    Cited by:

    1. William Travis & Mary Huisenga, 2013. "The effect of rate of change, variability, and extreme events on the pace of adaptation to a changing climate," Climatic Change, Springer, vol. 121(2), pages 209-222, November.

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