There is Always Next Year

When profits fall, people leave, farms get bigger demanding an ever increasing capital layout.

Farm
and Ranch Guide: Regional News: "Red River Valley farm profit falls nearly
50 percent in 2005
By ANDY SWENSON, Farm Management Specialist, NDSU
Extension Service
Thursday, March 30, 2006 9:47 AM CST

The Minnesota and North Dakota Farm Business Management Education programs have compiled their annual financial summary of farms in the Red River Valley.

This is the most detailed farm analysis information available to the public for this region. It is available at http://www.ag.ndsu.nodak.edu/aginfo/farmmgmt/FBM.htm and will soon be available at http://www.mgt.org Financial performance in 2005 was much worse than in 2004. Gross revenues were similar, but total expenses were up 10 percent. This caused net farm income to shrink by 49 percent."