Net farm income (profits) has been on an amazing roll for several consecutive years, with 2012 apparently establishing another record all-time high. The key factors, as we've pointed out on many occasions, are:
High prices Generally good yields A great crop insurance program
We've also pointed out the results of record farm profits:
Soaring (literally soaring) land values Soaring cash rental rates Rapidly rising input costs
We say it's been good, but just how good has it been? An adult farm management group from central North Dakota recently sent me their members' consolidated financial report. Here are some of the highlights:
The data was compiled from 71 farms The average farm was 2,740 acres T...
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An Ankylosaurus lumbers along the shore of what’s now eastern Montana. Walking low to the ground, the dino uses its flat, leaf-shaped teeth to tear at ferns lining the water. Suddenly, a shadow looms over the herbivore—a Tyrannosaurus rex is hungry. But Ankylosaurus won’t be a...
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