2004 NORTH DAKOTA AGRICULTURAL OUTLOOK: REPRESENTATIVE FARMS, 2004-2013

Net farm income for all representative farms in 2013 will be lower than in 2004. Low-profit farms, which comprise 25% of the farms in the study, may not have financial resiliency to survive without off-farm income. Costs are projected to increase faster than yields, which will pressure net farm income downward. Cropland prices and cash rental rates are projected to increase slightly in all regions. Debt-to-asset ratios for most farms will increase slightly throughout 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.net farm income, debt-to-asset ratios, cropland prices, land rental rates, farm operating expenses, capitalization rate, Farm Management,

2002 NORTH DAKOTA AGRICULTURAL OUTLOOK: REPRESENTATIVE FARMS, 2002-2011

Net farm income for most representative farms in 2011 will be lower than in 2002. Low profit farms, which consist of 25% of the farms in the study, may not have financial resiliency to survive. The new farm bill will provide higher net farm income than a continuation of the FAIR Act. Cropland prices and cash rental rates are projected to increase slightly in all regions. Debt-to-asset ratios for most farms will increase slightly throughout 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.net farm income, debt-to-asset ratios, cropland prices, land rental rates, farm operating expenses, capitalization rate, Farm Management,

2009 North Dakota Agricultural Outlook: Representative Farms, 2009-2018

Net farm income for all representative farms in 2018 is projected to be lower than in 2008. Low-profit farms, which comprise 20% of the farms in the study, may not have financial resiliency to survive without off-farm income. Commodity prices are expected to fall from current levels however the final level is unknown. Commodity yields are projected to increase at historical trend-line rates and production expenses are expected to return to normal growth rates after 2009. Debt-to-asset ratios for all farms except for the low profit farm will decrease slightly throughout the forecast period. Debt-to-asset ratios for the low-profit farms are expected to increase to about 0.50.net farm income, debt-to-asset ratios, cropland prices, land rental rates, farm operating expenses, capitalization rate, risk iv, Agricultural Finance, Farm Management, Financial Economics, Land Economics/Use,

2009 North Dakota Agricultural Outlook: Representative Farms, 2009-2018

Net farm income for all representative farms in 2018 is projected to be lower than in 2008. Low-profit farms, which comprise 20% of the farms in the study, may not have financial resiliency to survive without off-farm income. Commodity prices are expected to fall from current levels however the final level is unknown. Commodity yields are projected to increase at historical trend-line rates and production expenses are expected to return to normal growth rates after 2009. Debt-to-asset ratios for all farms except for the low profit farm will decrease slightly throughout the forecast period. Debt-to-asset ratios for the low-profit farms are expected to increase to about 0.50.net farm income, debt-to-asset ratios, cropland prices, land rental rates, farm operating expenses, capitalization rate, risk, Agribusiness,

AN ECONOMIC ANALYSIS OF THE NORTH DAKOTA CATTLE INDUSTRY

The analysis was conducted to evaluate the impacts of both the Federal Agricultural Improvement and Reform Act of 1996 (FAIR) and the cattle cycle on the livestock enterprises. The North Dakota Representative Farm and Ranch Model, which uses the Food and Agricultural Policy Research Institute price projections as an input, was developed and used for this analysis. Net farm income and farm debt-to-asset ratios for the average and large beef cattle farms were analyzed. The U.S. cattle industry has been characterized by cyclical variations in production and prices. It appears that the current cattle cycle is in the final stages of expansion. Cattle numbers continued to increase during 1995, but at a slow rate. Industry estimates are that the bottom of cattle prices will occur in late 1996 or 1997. Price recovery is projected to start sometime in 1998 as inventory numbers decline. Prices are forecast to rise through 2002. Net farm income for the representative beef cattle farms is projected to follow the cattle cycle with the lowest net incomes during 1997- 1999. Net farm income for most representative beef cattle farms recovers by 2002-2003. The debt-to-asset ratios for the representative beef cattle farms will likely rise throughout the forecast period. FAPRI Note: Figures are not included in the machine readable copy--contact the authors for more information.livestock, representative farms, cattle cycle, Production Economics,

SHORTFALLS IN 1997 NET FARM INCOME IN NORTH DAKOTA (Prepared for Senators Byron Dorgan and Kent Conrad)

North Dakota net farm income declined in 1997 due to adverse weather conditions and low prices. The total income loss in 1997 was estimated to be $394 million, which was divided into$290 million due to weather and diseases, and $104 million due to lower-than-average prices. Net farm income losses were largest in Region 3 (Northeast), followed by Regions 1 (Northwest) and 6 (East Central). HRS wheat accounted for the largest income loss, followed by durum and barley.Net farm income, crop losses, weather conditions, North Dakota input output model, Agricultural Finance,

Interaction of intermediate energy protons with light nuclei

Interaction of intermediate energy protons with light nucle