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USDA: FARM PRODUCTION EXPENDITURES TOP $367 BILLION IN 2013
Aug. 4, 2014
Source: USDA
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 today by the U.S. Department of Agriculture's National Agricultural Statistics Service (NASS).
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.
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