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2017 North Dakota Agricultural Outlook: Representative Farms, 2017-2026

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  • Taylor, Richard D.

Abstract

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.

Suggested Citation

  • Taylor, Richard D., 2017. "2017 North Dakota Agricultural Outlook: Representative Farms, 2017-2026," Agribusiness & Applied Economics Report 262019, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:262019
    DOI: 10.22004/ag.econ.262019
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    References listed on IDEAS

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    1. Benirschka, Martin & Koo, Won W., 1995. "World Wheat Policy Simulation Model: Description and Computer Program Documentation," Agricultural Economics Reports 23333, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Benirschka, Martin & Koo, Won W. & Lou, Jianqiang, 1996. "World Sugar Policy Simulation Model: Description And Computer Program Documentation," Agricultural Economics Reports 23432, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Nerlove, Marc, 1972. "Lags in Economic Behavior," Econometrica, Econometric Society, vol. 40(2), pages 221-251, March.
    4. Benirschka, Martin & Koo, Won W., 1996. "World Wheat Policy Simulation Model: Preliminary Baseline," Agricultural Economics Reports 23184, North Dakota State University, Department of Agribusiness and Applied Economics.
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    Cited by:

    1. Taylor, Richard D. & Koo, Won W., 2008. "Changes in Agricultural Input Costs and Their Impact on Net Farm Income," Agribusiness & Applied Economics Report 46888, North Dakota State University, Department of Agribusiness and Applied Economics.

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