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| Title: | 2002 NORTH DAKOTA AGRICULTURAL OUTLOOK: REPRESENTATIVE FARMS, 2002-2011 |
| Authors: | Koo, Won W.
Taylor, Richard D.
Swenson, Andrew L. |
| Authors (Email): | Koo, Won W. (wkoo@ndsuext.nodak.edu)
Taylor, Richard D. (staylor@ndsuext.nodak.edu)
Swenson, Andrew L. (aswenson@ndsuext.nodak.edu) |
| Keywords: | net farm income
debt-to-asset ratios
cropland prices
land rental rates
farm operating expenses
capitalization rate |
| Issue Date: | 2002 |
| Series/Report no.: | Agribusiness & Applied Economics Report No. 485 |
| 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. |
| URI: | http://purl.umn.edu/23506 |
| Institution/Association: | North Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report |
| Total Pages: | 22 |
| Language: | English |
| Collections: | Agribusiness & Applied Economics Report
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