More Income for North Dakota Farmers: The Potential Role of Livestock Enterprises
Duncan, Marvin R.
Income Â£rom livestock marketing has declined as a proportion oÂ£ total gross Â£arm income in the past two decades. â¢ Income Â£rom cattle and calves accounts Â£or about 65-75 percent oÂ£ total livestock income in the state. â¢ Income Â£rom milk has ranged Â£rom 14-20 percent oÂ£ total livestock income in the state. â¢ Income Â£rom swine, a promising growth enterprise Â£or the state, has generated only 5-8 percent oÂ£ total livestock income. â¢ Livestock income is very important to counties in western North Dakota, relatively unimportant in the eastern counties. â¢ Enterprise budgets Â£or beef and swine indicate positive returns to operator and unpaid labor, management, and equity capital for 1992. â¢ Less than 30 percent oÂ£ North Dakota's feed grain output is used within the state to support livestock production. â¢ Large quantities of unused roughage and crop residue, currently unused, could support additional livestock production. â¢ Livestock production can be a complementary enterprise with crop production adding to farmer income levels and stability of income. â¢ constraints to increased livestock production in the state can be resolved largely through a program of focused research and education. iii
Agricultural Finance, Demand and Price Analysis, Farm Management, Livestock Production/Industries,
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