U.S. Total Farm Production Expenditures for 2019 Were Up

August 3, 2020

Farm production expenditures in the United States are estimated at $357.8 billion for 2019, up from $354.0 billion in 2018. The 2019 total farm production expenditures are up 1.1 percent compared with 2018 total farm production expenditures. For the 17 line items, nine showed an increase from previous year, while seven showed a decrease, and one remained the same.

The four largest expenditures at the United States level total $179.8 billion and account for 50.3 percent of total expenditures in 2019. These include feed, 16.6 percent, farm services, 12.0 percent, livestock, poultry, and related expenses, 12.0 percent, and labor, 9.7 percent.

In 2019, the United States total farm expenditure average per farm is $177,564, up 1.4 percent from $175,169 in 2018. On average, United States farm operations spent $29,478 on feed, $21,240 on livestock, poultry, and related expenses, $21,240 on farm services, and $17,270 on labor. For 2018, United States farms spent an average of $26,622 on feed, $21,822 on farm services, $22,911 on livestock, poultry, and related expenses, and $16,775 on labor.

Source: USAgNet