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167 1 255 171 47 0 85 137 178 23 65 39 231 253 177.

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Presentation on theme: "167 1 255 171 47 0 85 137 178 23 65 39 231 253 177."— Presentation transcript:

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2 Projected Long Term Growth in Net Farm Income 2 Average Annual Net Farm Income ($ in billions) Source: USDA, expressed in nominal dollars $29.1B $48.1B $61.1B $83.6B $20 $40 $60 $80 $100 ' 80 - ' 89' 90 - ' 99' 00 - ' 09' 10 - ' 20 Long Term Growth Drivers –Income Growth in Developing Countries –Increasing Demand for Biofuels –Technological Advances – Genetics, Crop Production, GPS

3 Increasing Demand from Developing Countries 3 Household Disposable Income Over U.S. $10,000 Source: Euro monitor, Morgan Stanley Research –Increasing Household Incomes in Developing Markets Drive Demand for Protein and Grains –4 of the Top 5 US Soybean Acreage Counties are in ND –Cass County #1 / Richland County #2

4 Ethanol Production Capacity in ND Increasing Demand for Biofuels –Ethanol Production Drives Demand for Corn Production –US Ethanol Production to Grow From 13.5B Gal to 15B Gal by 2015 Source: Nebraska Energy Office (NEO)

5 ND Corn Production Technological Advances Source: USDA, NASS Technological Advances Allow Increased Acres and Yield Ave Corn Yield Increased from 79 bu per acre in 1995 to 132 bu per acre in 2010 due to Technological Advances in Seed Genetics and Production Methods

6 Since 2000 AG Revenue & Inputs have Increased Over 200% Ag Economic Impact in ND –Fuel Provider –Fertilizer Supplier –Seed Dealer –Chemical Vendor –Vehicle & Equipment Dealer –Employees AG Inputs Source: USDA, NASS


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