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Please use this identifier to cite or link to this item: http://purl.umn.edu/133395

Title: 2012 North Dakota Agricultural Outlook: Representative Farms, 2012-2021
Authors: Taylor, Richard D.
Koo, Won W.
Swenson, Andrew L.
Authors (Email): Taylor, Richard D. (richard.taylor@ndsu.edu)
Koo, Won W. (won.koo@ndsu.edu)
Swenson, Andrew L. (andrew.swenson@ndsu.edu)
Keywords: net farm income
debt-to-asset ratios
cropland prices
land rental rates
farm operating expenses
capitalization rate
risk
Issue Date: 2012-06
Series/Report no.: Agribusiness and Applied Economics Report No.
697
Abstract: Net farm income in North Dakota was at near record levels for most representative farms in 2011. However income in 2021 is projected to be lower than in 2011. Commodity prices are expected to decrease 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 slightly.
URI: http://purl.umn.edu/133395
Institution/Association: North Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report
Total Pages: 30
Collections:Agribusiness & Applied Economics Report

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