2010 North Dakota Agricultural Outlook: Representative Farms, 2010-2019
Richard D. Taylor,
Won W. Koo and
Andrew L. Swenson
No 92979, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics
Net farm income for most representative farms in 2019 is projected to be lower than in 2009. 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 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 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 0.70.
Keywords: Agribusiness (search for similar items in EconPapers)
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