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