2012 North Dakota Agricultural Outlook: Representative Farms, 2012-2021

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

No 133395, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: Net farm income in North Dakota was at near record levels for most representative farms in 2011. However income in 2021 is projected to be lower than in 2011. 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.

Keywords: Crop Production/Industries; Production Economics (search for similar items in EconPapers)
Pages: 30
Date: 2012-06
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:133395

DOI: 10.22004/ag.econ.133395

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