More Income for North Dakota Farmers: The Potential Role of Livestock Enterprises

Marvin R. Duncan, Vernon L. Anderson, Timothy Faller, Clayton Haugse, Harlan G. Hughes, Douglas G. Landblom and Richard D. Taylor

No 51189, Agricultural Economics Miscellaneous Reports from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: Income from livestock marketing has declined as a proportion of total gross farm income in the past two decades. • Income from cattle and calves accounts for about 65-75 percent of total livestock income in the state. • Income from milk has ranged from 14-20 percent of total livestock income in the state. • Income from swine, a promising growth enterprise for the state, has generated only 5-8 percent of total livestock income. • Livestock income is very important to counties in western North Dakota, relatively unimportant in the eastern counties. • Enterprise budgets for beef and swine indicate positive returns to operator and unpaid labor, management, and equity capital for 1992. • Less than 30 percent of North Dakota's feed grain output is used within the state to support livestock production. • Large quantities of unused roughage and crop residue, currently unused, could support additional livestock production. • Livestock production can be a complementary enterprise with crop production adding to farmer income levels and stability of income. • Constraints to increased livestock production in the state can be resolved largely through a program of focused research and education.

Keywords: Agricultural Finance; Demand and Price Analysis; Farm Management; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 22
Date: 1992-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddmrs:51189

DOI: 10.22004/ag.econ.51189

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