Farm bill sign-ups were as expected.
Finances
Household expenditures on North Dakota farms were about the same in 2013 and 2014.
A spreadsheet can help producers decide whether prevented planting is a viable option.
Red River Valley farms saw a record high net farm income in 2012 plummet by 88 percent in 2013 and then by 79 percent in 2014.
Approximately 10,000 acres of additional cropland is estimated to be lost for every 1 foot rise in the level of Devils Lake.
A survey indicates average cropland values dropped slightly (0.6 percent) during 2014.
Ron Haugen, NDSU Extension Service farm economist, has some items to note for your 2013 income tax preparation.
The most unique and intriguing aspect of ARC-IC is that it is the only program that is not totally decoupled from production.
A positive is that projected yields for most crops have increased.
["In addition to outstanding quality, Carpio has shown excellent yield potential in NDSU yield trials, as well as very good yield stability across multiple environments.", ""]
In 2013, more than 70 percent of the farms were crop farms and the median age of a farm operator was 48.
Frayne Olson is honored for his expertise and professionalism in providing educational programs and information.
The net income from the hay may be as much or more than the prevented-planting payment, less the cost of putting a cover crop on prevent-planted acres.
The program uses partial budgeting to compare the economics of prevented-planting with growing the same crop, for which a prevented-planting payment could be received, or some other crop.
Some of the tools in the app give users the ability to search by crop or pest to find solutions to problems or recommended treatments.
Estimates show that there will be an increase of more than 10,000 acres of cropland lost to Devils Lake in 2014.
Land values showed about an 8 percent increase from the previous survey, compared with a 42 percent increase during 2012.
NDSU Extension supports North Dakotans’ efforts to produce the food and fiber that are essential to the state.
The new shallow-loss crop insurance is not available this year.
Make the reallocation decision on a farm-by-farm basis.
["The FSA will provide notification to landowners that will include the base and yield information of record as of Oct. 1, 2013. It will be up to landowners to decide whether any reallocating or updating is to their advantage.", ""]
For crop producers, the primary decision will be to choose the Agricultural Risk Coverage option or the Price Loss Coverage option.
Look for ways to reduce heating costs.
The single biggest change is the elimination of direct payments to farmers
Ron Haugen, NDSU Extension Service farm economist, has some items to note for your 2013 income tax preparation.
These planning prices can be used for preparing annual enterprise budgets and annual whole-farm cash flow projections.
The program uses the direct costs and yields from the 2014 projected crop budgets for nine regions of North Dakota.
Donating your hard-earned money or valuable time is the best holiday gift you can give to your community and yourself
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