Iowa Public Television

 

North Dakota's Richest Farmland Not Reaping the Richest Profits

posted on June 2, 2006


The Red River Valley in northeast North Dakota has long been considered to have the most fertile farmland in the state. But a recent study says the area was not the most profitable last year.

A North Dakota State University farm management specialist says farms outside the valley made more money than farms in the valley for the first time since 1998, primarily due to weather conditions. The NDSU specialist says the Red River Valley was especially hard hit by flooding.

The study consisted of 234 farms reporting their net farm income. Farms in the Red River Valley reported an average net farm income of $44,360. That compares with a net income of $59,607 for farms west of the valley.

During the previous six years, Red River Valley farms averaged nearly double the net income of farms outside the valley.


Tags: agriculture crops money news North Dakota