Financial Characteristics of North Dakota Farms
An unusually fortunate combination of events occurred in 2010 for North Dakota producers, according to “Financial Characteristics of North Dakota Farms, 2001-2010” by Andy Swenson, farm management specialist. Yields were very strong, with records set for corn and sugar beets, while wheat, barley and canola had the second highest in history. Grain prices improved during the small-grain harvest and continued upward the rest of the year. This provided additional profit opportunities for those who had inventories of 2009 crop year grain to sell.