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1998 North Dakota Agricultural Outlook: Representative Farms 1997-2007

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  • Koo, Won W.
  • Taylor, Richard D.
  • Duncan, Marvin R.

Abstract

Net farm income for all representative farms except small size and low profit farms in 2007 will be higher than in 1998. Net farm income for small and low profit farms will remain the same and decrease, respectively, for the forecasting period. Cropland prices are projected to fall in all regions of North Dakota after having peaked in 1997. Cash rental rates are projected to follow cropland prices. Debt-to-asset ratios for most farms fall across the forecast period. Debt-to-asset ratios for the low profit and small size farms are higher than those for large and high profit farms.

Suggested Citation

  • Koo, Won W. & Taylor, Richard D. & Duncan, Marvin R., 1998. "1998 North Dakota Agricultural Outlook: Representative Farms 1997-2007," Agricultural Economics Reports 23265, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23265
    DOI: 10.22004/ag.econ.23265
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    References listed on IDEAS

    as
    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. Leistritz, F. Larry & Koo, Won W. & Duncan, Marvin R. & Taylor, Richard D. & Aakre, Dwight G., 1995. "Economic Impact of Alternative Farm Program Scenarios on the North Dakota Economy," Staff Papers 121052, North Dakota State University, Department of Agribusiness and Applied Economics.
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