FINANCIAL CHARACTERISTICS OF NORTH DAKOTA FARMS, 1995-1997

The performance of over 550 North Dakota farms, 1995-1997, is summarized using 16 financial measures. Farms are categorized by geographic region, farm type, farm size, gross cash sales, farm tenure, net farm income, debt-to-asset, and age of farmer to analyze relationships between financial performance and farm characteristics. There was severe deterioration of financial performance in 1997 because of poor crop profitability. Livestock farm performance was weak, but improved from 1996. Median net farm income was $14,290 in 1997 compared to $31,603 in 1996. Three out of ten farms had negative net farm income and 57 percent of all farms were not able to make scheduled term debt payments.


Issue Date:
1998
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/23200
PURL Identifier:
http://purl.umn.edu/23200
Total Pages:
25
Series Statement:
Agricultural Economics Report 403




 Record created 2017-04-01, last modified 2020-10-28

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