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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...
Persistent link: https://www.econbiz.de/10005806312
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...
Persistent link: https://www.econbiz.de/10005806354
Net farm income for all representative farms in 2014 is projected to 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...
Persistent link: https://www.econbiz.de/10005806361
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...
Persistent link: https://www.econbiz.de/10009323046
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...
Persistent link: https://www.econbiz.de/10008491823
Net farm income for nearly all representative farms in 2015 is projected to be higher than in 2005. 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 and yields are projected to increase slightly...
Persistent link: https://www.econbiz.de/10005494017
Agricultural producer groups have stressed for years the need for a disaster title in the farm bill. In the 2008 Farm Bill, the Supplemental Revenue Assistance Program (SURE) was included to address that need. Previously, producers had to convince Washington to fund ad hoc and emergency disaster...
Persistent link: https://www.econbiz.de/10005338089
This report evaluates the 2002 farm bill and the effects of the individual programs within the bill on North Dakota net farm income. A stochastic simulation model was developed, using @Risk by Palisade. @Risk replaces the mean values for price and yield with a distribution of values for the...
Persistent link: https://www.econbiz.de/10005494018
The Federal Agriculture Improvement and Reform Act of 1996 (FAIR Act) decouples government farm subsidy payments from both price and production and provides farmers with nearly complete planting flexibility. Government spending under this act will be limited to $35.63 billion for 1996-2002...
Persistent link: https://www.econbiz.de/10005330980