USDA: Farm production expenditures top $367 billion in 2013
U.S. farmers spent $367.3 billion on agricultural production in 2013, a 2% increase from 2012, according to the Farm Production Expenditures report, published by the U.S. Department of Agriculture's National Agricultural Statistics Service (NASS).
click image to zoom Per farm, the average expenditures total $175,270 compared with $171,309 in 2012, up 2.3 percent. Crop farms account for the majority of production expenditures in 2013. The average expenditure per crop farm totals $211,659 compared to $143,521 per livestock farm.
Regionally, the largest increase in production expenditures was in the Midwest, which already accounted for nearly all farm production expenditures in the United States. In that region, expenditures rose by $3.7 billion from 2012. For 2013, total expenditures by region are:
Midwest -- $118.5 billion
Plains -- $87.6 billion
West -- $76.9 billion
Atlantic -- $45.5 billion
South -- $38.8 billion
The Farm Production Expenditures summary provides the official estimates for production input costs on U.S. farms and ranches. These estimates are based on the results of the nationwide Agricultural Resource Management Survey (ARMS), conducted annually by NASS. The entire Farm Production Expenditures 2013 summary is available online at http://bit.ly/FarmExpenditures.
- Study suggests more waters may deserve federal protection
- Fertilizer maker Mosaic cuts phosphate output
- Ag markets moved mostly lower Tuesday night
- Cause of California drought linked to climate change
- Irrigation Association to release online courses with Cal Poly
- Monsanto to invest $120 million in Argentina
- Activists fighting Golden Rice even more in 2014
- U.S. GMO labeling foes triple spending in first half of this year
- Source shows half of GMO research is independent
- White House issues veto threat on bill to block WOTUS rule
- How much corn can the ethanol industry use?
- East-West Seed signs marketing collaboration with Monsanto