U.S. farmers spent $367.3 billion on agricultural production in 2013, a 2 percent increase from 2012, according to the Farm Production Expenditures report, released this month by the U.S. Department of Agriculture’s National Agricultural Statistics Service. 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. Farm real estate also saw an increase. In 2014, U.S. farm real estate value averaged $2,950 per acre for 2014, up 8.1 percent from 2013. Regional changes in the average value of farm real estate ranged from a 16.3 percent increase in the Northern Plains region to 1.1 percent increase in the Southeast region. The highest farm real estate values were in the Corn Belt region at $6,370 per acre. The Mountain region had the lowest farm real estate value at $1,070 per acre. Read more.
Get Email Updates
- You can find information on the farm loan programs in your region by visiting your state office’s FSA page.… https://t.co/2ejC8vTJMz 01:57PM - 25 Nov 2022
- The Inflation Reduction Act Assistance for Distressed Borrowers is designed to keep borrowers farming. Learn about… https://t.co/yZpxg83WiD 05:41PM - 23 Nov 2022
- County Committee and Urban County Committee Elections are currently underway! Remember to cast your vote by Dec. 5.… https://t.co/BwOFNcgS7B 05:41PM - 22 Nov 2022
- A farm loan helped turn Kevin McFee’s dream of owning a ranch into a reality. Now a landowner, McFee uses @USDA pro… https://t.co/UlFqsBAXZT 03:43PM - 21 Nov 2022
- RT @FarmersGov: Working with @USDA_NRCS, Clint Wilcox in Oklahoma fully transitioned to no-till farming on his Oklahoma operation. Learn mo… 04:32PM - 18 Nov 2022