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2010 North Dakota Agricultural Outlook: Representative Farms, 2010-2019

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

Abstract

Net 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.

Suggested Citation

  • Taylor, Richard D. & Koo, Won W. & Swenson, Andrew L., 2010. "2010 North Dakota Agricultural Outlook: Representative Farms, 2010-2019," Agribusiness & Applied Economics Report 92979, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:92979
    DOI: 10.22004/ag.econ.92979
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    References listed on IDEAS

    as
    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.
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