FINANCIAL CHARACTERISTICS OF NORTH DAKOTA FARMS, 1995-1997

Andrew L. Swenson

No 23200, Agricultural Economics Reports from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: The performance of over 550 North Dakota farms, 1995-1997, is summarized using 16 financial measures. Farms are categorized by geographic region, farm type, farm size, gross cash sales, farm tenure, net farm income, debt-to-asset, and age of farmer to analyze relationships between financial performance and farm characteristics. There was severe deterioration of financial performance in 1997 because of poor crop profitability. Livestock farm performance was weak, but improved from 1996. Median net farm income was $14,290 in 1997 compared to $31,603 in 1996. Three out of ten farms had negative net farm income and 57 percent of all farms were not able to make scheduled term debt payments.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Pages: 25
Date: 1998
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaer:23200

DOI: 10.22004/ag.econ.23200

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