Changes in agricultural input costs and their impact on net farm income
By: Richard D. Taylor and Won W. Koo
Contributors: Koo, Won W.; North Dakota State University. Center for Agricultural Policy and Trade Studies
Series: Agribusiness & applied economics -- 637
Publisher: Center for Agricultural Policy and Trade Studies, North Dakota State University
Published: 2008
Place of publication: Fargo, N.D
Language: eng
Number of pages: 15
Description: The recent rapid increase in commodity prices is not an unique event. It has happened several times in the past. Commodity prices have always dropped, returning to a more normal level. Production costs, on the other hand, follow commodity prices up but do not follow them down. Net farm income has increased rapidly in most commodity sectors of agriculture. However, production costs have increased substantially during the past few years. Those cost increases will reduce net farm incomes in the future if commodity prices do not continue to increase.
Notes: Cover title.

"October 2008."

"Prepared for Senator Byron Dorgan"--P. [2] of cover.

Includes bibliographical references (p. 15).