Net farm income in North Dakota was at record levels for most representative farms in 2010. However income in 2020 is projected to be lower than in 2010. Commodity prices are expected to decrease slowly from current levels. Commodity yields are projected to increase at historical trend-line...

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...

A real option analysis of dry-grind corn ethanol plants compared to a standard net present value analysis (NPV) shows that the option values increase entry prices and lower exit prices of investment and disinvestment considerably. For a large plant, the gross margin of ethanol price over the...

Infectious diseases play a critical role in determining the profitability of individual farms and maintaining the viability of livestock industries, international trade, and trade policies. Thus, it is critical to analyze the economic consequences of infectious diseases, and the effects of...

This report evaluates the U.S. and world wheat markets for the 1997-2007 period by using the World Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, the weather, and technological change. Both the U.S. and...

Farmer productivity by age was estimated, allowing for differences because of efficiency and returns to scale. Using Census of Agriculture data, estimates vary by state, but returns to scale average 1.07. Efficiency increases average 4.5 percent every ten years of age, to the age interval 35 to...