2009 North Dakota Agricultural Outlook: Representative Farms, 2009-2018

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

No 54246, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: Net farm income for all representative farms in 2018 is projected to be lower than in 2008. Low-profit farms, which comprise 20% of the farms in the study, may not have financial resiliency to survive without off-farm income. Commodity prices are expected to fall from current levels however the final level is unknown. Commodity yields are projected to increase at historical trend-line rates and production expenses are expected to return to normal growth rates after 2009. 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 to about 0.50.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 21
Date: 2009-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:54246

DOI: 10.22004/ag.econ.54246

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