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2014 U.S. agriculture production costs up from ’13

Article-2014 U.S. agriculture production costs up from ’13

Agricultural production expenses for U.S. farmers in 2014 were $397.6 billion, or an increase of 8.3% from 2013. Other key items from the USDA’s National Agricultural Statistics Service’s, “Farm Production” report include:

  • Feed: Animal feed was the largest expenditure at $63.7 billion which was an increase of 16%.
  • Per farm expenditures: Average expenditures totaled $191,550 compared with $175,270 in 2013, up 9.3%. Average expenditure for crop farms totals $213,150 compared to $173,285 per livestock farm.
  • Expenditures by region:
    • Midwest: $124.0 billion
    • Plains:  $99.3 billion
    • West: $85.6 billion
    • Atlantic: $48.2 billion
    • South: $40.5 billion 
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