NDSU Agriculture and Extension

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Farm Financial Performance

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There was a significant decline in financial performance in 2013 because of sharply lower grain prices and about 8 percent higher crop production costs per acre. Median net farm income dropped 62 percent to $90,629 from the record high profit year of 2012. In 2013, more than 70 percent of the farms were crop farms and the median age of a farm operator was 48.

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