2013 North Dakota Agricultural Outlook: Representative Farms, 2013-2022

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.