2017 North Dakota Agricultural Outlook: Representative Farms, 2017-2026

Richard D. Taylor

No 262019, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: Net farm income in North Dakota was at record levels for most representative farms in 2012. However, by 2016 net farm income fell 65% from 2012 levels. Net farm income is expected to continue to fall through 2026, although at a much slower rate. 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 high profit farms will increase slightly throughout the forecast period. Debt-to-asset ratios for the high profit farms are expected to decrease slightly.

Keywords: Agricultural Finance; Crop Production/Industries; Farm Management (search for similar items in EconPapers)
Pages: 31
Date: 2017-08-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:262019

DOI: 10.22004/ag.econ.262019

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