As spring planting is hitting full speed, the 2016 Averages for the Farm Business Management Programs across North Dakota are being wrapped up.

For the average farm, 2016 looked to be a very good year.  Above average to excellent yields helped to put the average net farm income for farms enrolled in the Carrington Farm Business Management Program at $301,669.  This is up significantly from 2015 when the average net farm income for those enrolled in the program was $2,464. 

Soybeans led the way for crop profitability on cash rented land, averaging a net return of $120.37 per acre.  They were closely followed by barley with an average net return of $119.84.  Profitability was lower on corn and wheat, but still positive, at $17.21 and $16.84 respectively.  Average yields for most crops came in well above historical averages for the Carrington Farm Management Program.

Lower market prices for feeder cattle played a large part in a lower average profit per cow for farms enrolled in the program.  The net return per cow averaged $117.54 in 2016 compared with $388.27 in 2015. 

Producers looking more information on the Farm Management Program or wanting to look at their own numbers can certainly call with any questions.  Additional data and information for different areas of North Dakota will be available at www.ndfarmmanagement.com.

Jory Hansen
J.Hansen@ndsu.edu
Farm Business Management Instructor