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1997 North Dakota Agricultural Outlook: Representative Farms 1996-2005

Author

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

Abstract

Net farm income for all representative farms will be lower in 2003 than in 1995-96, but net farm income will be level throughout the 1997-2005 period. Cropland prices are projected to fall in all regions of North Dakota after peaking in 1996-97. Cash rental rates are projected to follow cropland prices. Debt-to-asset ratios for most farms, although rising across the forecast period, will not reach levels that imperil credit worthiness. 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. & Duncan, Marvin R. & Taylor, Richard D., 1997. "1997 North Dakota Agricultural Outlook: Representative Farms 1996-2005," Agricultural Economics Reports 23424, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23424
    DOI: 10.22004/ag.econ.23424
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    File URL: https://ageconsearch.umn.edu/record/23424/files/aer373.pdf
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    References listed on IDEAS

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    1. Koo, Won W. & Duncan, Marvin R. & Taylor, Richard D. & Aakre, Dwight G., 1996. "Impacts of Alternative Farm Programs on the North Dakota Agricultural Economy," Agricultural Economics Reports 23427, North Dakota State University, Department of Agribusiness and Applied Economics.
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    Cited by:

    1. Kimberly A. Zeuli & Robert P. King, 2004. "The Impact of Organizational Form on Producer Contracting Decisions," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 52(2), pages 147-164, July.

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    Keywords

    Farm Management;

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