Net farm income in North Dakota was at record levels for most representative farms in
2012. However income in 2022 is projected to be lower than in 2012. 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 are projected to decrease slightly
throughout the forecast period. Debt-to-asset ratios for the low-profit farms are expected to
increase slightly.
