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http://purl.umn.edu/54246
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| Title: | 2009 North Dakota Agricultural Outlook: Representative Farms, 2009-2018 |
| 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: | 2009-08 |
| Series/Report no.: | 652
Agribusiness & Applied Economics Report No. |
| 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. |
| URI: | http://purl.umn.edu/54246 |
| Institution/Association: | North Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report |
| Total Pages: | 21 |
| Collections: | Agribusiness & Applied Economics Report
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| File |
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Size | Format |
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| AE 652.pdf | | 99Kb | PDF | View/Open |
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