TY  - RPRT
AB  - Net farm income in North Dakota was at record levels for most representative farms in 2012. However, by 2016 net farm income fell 65% from 2012 levels. Net farm income is expected to continue to fall through 2026, although at a much slower rate. Commodity prices are expected to increase 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 high profit farms will increase slightly throughout the forecast period. Debt-to-asset ratios for the high profit farms are expected to decrease slightly.
AU  - Taylor, Richard D.
DA  - 2017-08-01
DA  - 2017
DO  - 10.22004/ag.econ.262019
DO  - doi
ID  - 262019
KW  - Agricultural Finance
KW  - Crop Production/Industries
KW  - Farm Management
KW  - net farm income, debt-to-asset ratios, cropland prices, land rental rates, farm operating
KW  - expenses, capitalization rate, risk
L1  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf
L1  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf?subformat=pdfa
L2  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf
L2  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf?subformat=pdfa
L4  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf
L4  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf?subformat=pdfa
LA  - eng
LA  - English
LK  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf
LK  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf?subformat=pdfa
N2  - Net farm income in North Dakota was at record levels for most representative farms in 2012. However, by 2016 net farm income fell 65% from 2012 levels. Net farm income is expected to continue to fall through 2026, although at a much slower rate. Commodity prices are expected to increase 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 high profit farms will increase slightly throughout the forecast period. Debt-to-asset ratios for the high profit farms are expected to decrease slightly.
PY  - 2017-08-01
PY  - 2017
T1  - 2017 North Dakota Agricultural Outlook: Representative Farms, 2017-2026
TI  - 2017 North Dakota Agricultural Outlook: Representative Farms, 2017-2026
UR  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf
UR  - https://ageconsearch.umn.edu/record/262019/files/AAE776.pdf?subformat=pdfa
Y1  - 2017-08-01
T2  - Agribusiness & Applied Economics 776
ER  -