2013 U.S. total farm production expenditure up 2 percentage
U.S. 2013 farm production expenditures were estimated at $367.3 billion, up 2% from the $360.1 billion spent in 2012, according to an annual USDA Agricultural Resource Management Survey, conducted January through April of 2014. Nearly all expenditure items increased from the previous year.
The four largest expenditures – feed, farm services,, livestock, poultry and related expenditures, and labor – totaled $167.6 billion, accounting for 45.6% of total 2013 expenditures.
Of total expenditures, feed costs represented 17.0; followed by farm services, 10.6%; livestock, poultry and related expenses, 9.3%; and labor, 8.7%.
U.S. total farm expenditures average per farm is $175,270/farm in 2013, up 2.3% compared with $171,309 in 2012. On average, U.S. farm operations spent $29,779 on feed; $18,612 on farm services; $16,321 on livestock, poultry and related expenses; and $15,271 on labor.
Total fuel expense totaled $16.4 billion in 2013. Diesel, the largest sub-component, was $10.9 billion, accounting for 66.5%. Diesel expenditures were up 4.8% from the previous year. Gasoline, $3.0 billion, was down 3.2%. LP gas, at $1.8 billion, was up 25.7%. Other fuel was up 5.7%, to $740 million.
Not surprisingly, larger farms spent the most in 2013. Farms in the $1.0-$4.9 million annual income class had expenses of $132.1 billion (36.0% of the U.S. total), up 4.1% from 2012. Farms in the $5 million-plus income range spent $79.0 billion, up from $74.0 billion in 2012.
Crop farms expenditures increased to $206.7 billion, up 0.9% in 2013, while livestock farms expenditures increased to $160.6 billion, up 3.4%. The largest expenditures for crop farms included rent, at $26.4 billion (12.8% of total); fertilizer, lime and soil conditioners, at $23.8 billion, (11.5%); and farm services, at $23.5 billion (11.4%). Combined crop inputs (chemicals, fertilizers, and seeds) totaled $56.1 billion, accounting for 27.1% of crop farms total expenses
The largest expenditures for livestock farms included feed, at $55.7 billion (34.7% of the total); livestock, poultry and related expenses, at $28.8 billion (17.9%); and farm services, at $15.5 billion (9.7%). Together, these line items account for 62.3% of livestock farms’ total expenses.
The average total expenditure for a crop farm was $211,659, compared to $143,521 per livestock farm.
The Midwest region contributed the most to U.S. total expenditures in 2013 with expenses of $118.5 billion (32.3% of the U.S. total), up from $114.8 billion in 2012. The Midwest increased $3.7 billion from 2012, which is the largest regional increase in dollars.
The other regions, ranked by total expenditures, were: Plains, at $87.6 billion (23.9%); West, $76.9 billion (21.0%); Atlantic, $45.5 billion (12.4%); and South, $38.8 billion (10.6%.
California contributed most to the 2013 U.S. total expenditures, with expenses of $36.6 billion (10.0% of the U.S. total). California expenditures are up 8.6% from the 2012 estimate of $33.7 billion.
Iowa, the next leading state, had $29.8 billion in expenses (8.1% of U.S. total). Other states with more than $20 billion in total expenditures were: Texas, with $24.2 billion; and Nebraska, with $20.3 billion.
Source: Agripress 12:55:00|02/08/2014