2002 NORTH DAKOTA AGRICULTURAL OUTLOOK: REPRESENTATIVE FARMS, 2002-2011

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

No 23506, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: Net farm income for most representative farms in 2011 will be lower than in 2002. Low profit farms, which consist of 25% of the farms in the study, may not have financial resiliency to survive. The new farm bill will provide higher net farm income than a continuation of the FAIR Act. Cropland prices and cash rental rates are projected to increase slightly in all regions. Debt-to-asset ratios for most farms will increase slightly throughout the forecast period. 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: 22
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:23506

DOI: 10.22004/ag.econ.23506

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