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USDA Farms, Land in Farms,& Livestock Operations


05 August 2015

USDA 2014 United States Total Farm Production Expenditure Highlights USDA 2014 United States Total Farm Production Expenditure Highlights


USDA Farms, Land in Farms,& Livestock Operations

Farm Production Expenditures in the United States are estimated at $397.6 billion for 2014, up from $367.3 billion in 2013. The 2014 Total farm production expenditures are up 8.3 percent compared with 2013 Total farm production expenditures. Nearly all expenditure items increased from the previous year.

The four largest expenditures at the United States level total $188.3 billion and account for 47.3 percent of Total expenditures in 2014. These include Feed, 16.0 percent, Farm services, 11.4 percent, Livestock, poultry and related expenses, 11.3 percent, and Labor, 8.6 percent.

In 2014, the United States Total farm expenditure average per farm is $191,500 compared with $175,270 in 2013, up 9.3 percent. On average, United States farm operations spent $30,680 on Feed, $21,818 on Farm services, $21,722 on Livestock, poultry and related expenses, and $16,472 on Labor. For 2013, United States farms spent an average of $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 is $16.7 billion. Diesel, the largest sub-component, is $10.6 billion, accounting for 63.5 percent. Diesel expenditures are down 2.8 percent from the previous year. Gasoline is $3.1 billion, up 3.3 percent. LP gas is $2.1 billion, up 16.5 percent. Other fuel is $950 million, up 28.4 percent.

The United States Economic Sales Class contributing most to the 2014 United States Total expenditures is the $1,000,000 - $4,999,999 class with expenses of $135.1 billion (34.0 percent of the United States total), up 2.3 percent from the 2013 level of $132.0 billion. The $5,000,000 and Over class follows it with $102.0 billion, up from $79.0 billion in 2013.

In 2014, Crop farms expenditures decreased to $202.2 billion, down 2.1 percent, while Livestock farms expenditures increased to $195.4 billion, up 21.5 percent. The largest expenditures for Crop farms are Rent and Farm services, both at $26.8 billion (13.3 percent of total), Labor at $24.1 billion (11.9 percent), and Fertilizer, lime and soil conditioners at $23.2 billion (11.5 percent). Combined crop inputs (chemicals, fertilizers, and seeds) are $56.2 billion, accounting for 27.8 percent of Crop farms total expenses. The largest expenditures for Livestock farms are Feed at $62.1 billion (31.8 percent of total), Livestock, poultry and related expenses, at $42.8 billion (21.9 percent), and Farm services at $18.5 billion (9.5 percent). Together, these line items account for 63.2 percent of Livestock farms Total expenses. The average Total expenditure for a Crop farm is $213,150 compared to $173,285 per Livestock farm.

The Midwest region contributes the most to United States Total expenditures with expenses of $124.0 billion (31.2 percent of total), up from $118.4 billion in 2013. The other regions, ranked by Total expenditures, are Plains at $99.3 billion (25.0 percent), West at $85.6 billion (21.5 percent), Atlantic at $48.2 billion (12.1 percent), and South at $40.5 billion (10.2 percent). The Plains increased $11.6 billion from 2013, which is the largest regional increase.

Combined Total expenditures for the 15 Estimate States are $257.9 billion in 2014 (64.9 percent of the United States Total expenditures) and $238.5 billion in 2013 (64.9 percent). California contributes most to the 2014 United States Total expenditures with expenses of $41.0 billion (10.3 percent). California expenditures are up 11.5 percent from the 2013 estimate of $36.8 billion. Iowa, the next leading state, has $31.9 billion in expenses (8.0 percent). Other states with more than $20 billion in Total Expenditures are Texas ($27.1 billion) and Nebraska ($22.1 billion)

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