1997 NORTH DAKOTA AGRICULTURAL OUTLOOK: REPRESENTATIVE FARMS 1996-2005

Won W. Koo, Marvin R. Duncan and Richard D. Taylor

No 23424, Agricultural Economics Reports from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: Net farm income for all representative farms will be lower in 2003 than in 1995-96, but net farm income will be level throughout the 1997-2005 period. Cropland prices are projected to fall in all regions of North Dakota after peaking in 1996-97. Cash rental rates are projected to follow cropland prices. Debt-to-asset ratios for most farms, although rising across the forecast period, will not reach levels that imperil credit worthiness. Debt-to-asset ratios for the low profit and small size farms are higher than those for large and high profit farms.

Keywords: Farm; Management (search for similar items in EconPapers)
Pages: 17
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaer:23424

DOI: 10.22004/ag.econ.23424

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