IDEAS home Printed from https://ideas.repec.org/p/ags/nddaae/42500.html
   My bibliography  Save this paper

2008 North Dakota Agricultural Outlook: Representative Farms, 2008-2017

Author

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

Abstract

Net farm income for nearly all representative farms in 2017 is projected to be lower than in 2007. 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 fall from current levels, however, the final level is unknown. Two price level scenarios were analyzed. Commodity yields are projected to increase at historical trend-line rates and production expenses are expected to return to normal growth rates after 2009. Debt-to-asset ratios for all farms will decrease slightly throughout the forecast period. Debt-to-asset ratios for the low profit farms are expected to remain near the 0.50 level.

Suggested Citation

  • Taylor, Richard D. & Koo, Won W. & Swenson, Andrew L., 2008. "2008 North Dakota Agricultural Outlook: Representative Farms, 2008-2017," Agribusiness & Applied Economics Report 42500, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:42500
    DOI: 10.22004/ag.econ.42500
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/42500/files/AAE634.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.42500?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Taylor, Richard D. & Koo, Won W., 2008. "Impact on the SURE Program on North Dakota Farms," Agribusiness & Applied Economics Report 46892, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Taylor, Richard D. & Koo, Won W., 2008. "Changes in Agricultural Input Costs and Their Impact on Net Farm Income," Agribusiness & Applied Economics Report 46888, North Dakota State University, Department of Agribusiness and Applied Economics.

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nddaae:42500. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dandsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.