SHORTFALLS IN 1997 NET FARM INCOME IN NORTH DAKOTA (Prepared for Senators Byron Dorgan and Kent Conrad)
North Dakota net farm income declined in 1997 due to adverse weather conditions and low prices. The total income loss in 1997 was estimated to be $394 million, which was divided into $290 million due to weather and diseases, and $104 million due to lower-than-average prices. Net farm income losses were largest in Region 3 (Northeast), followed by Regions 1 (Northwest) and 6 (East Central). HRS wheat accounted for the largest income loss, followed by durum and barley.
Price Variability And Financial Risk For Sugar Beet Growers
This paper develops a portfolio framework to characterize and analyze the impact of price risk faced by sugar beet growers in the Red River Valley and derives implications for capital markets. Other sources of risk incorporated in the analysis are yields and production cost. Results from stochastic simulation analysis reveal that sugar beet growers incur significant price and financial risk. The hypothesis that the loan rate for sugar truncates the distribution of net returns and protects growers against declining beets prices was not validated.
COST-BENEFIT AND STATISTICAL ANALYSIS OF FUNGICIDES FOR SUPPRESSION OF FUSARIUM HEAD BLIGHT (SCAB) IN HARD RED SPRING WHEAT IN 1997
A cost-benefit and statistical analysis of fungicides for suppression of fusarium head blight (scab) in hard red spring wheat was completed on data from physical experiments done in Fargo and Carrington, North Dakota in 1997. Various fungicide data were analyzed by applying revenues and costs to the experiment yields to determine net revenue. The net revenues were analyzed statistically using a one-way ANOVA (analysis of variance). No statistical difference was found between the control and other treatment with the Fargo data. There was a statistical difference between the control and other treatments with the Carrington data. The data sets were combined and analyzed; location proved to be a significant factor.