U.S. Total Farm Production Expenditures Rose in 2020

USAgNet - 08/02/2021

Farm production expenditures in the United States are estimated at $366.2 billion for 2020, up from $357.8 billion in 2019. The 2020 total farm production expenditures are up 2.3 percent compared with 2019 total farm production expenditures. For the 17-line items, thirteen showed an increase from previous year, while four showed a decrease.

The four largest expenditures at the United States level total $177.8 billion and account for 48.5 percent of total expenditures in 2020. These include feed, 15.5 percent, farm services, 12.2 percent, livestock, poultry, and related expenses, 10.8 percent, and labor, 10.0 percent.

Expenditure average per farm is $182,130, up 2.6 percent from $177,564 in 2019. On average, United States farm operations spent $28,250 on feed, $19,695 on livestock, poultry, and related expenses, $22,232 on farm services, and $18,253 on labor. For 2019, farms spent an average of $29,478 on feed, $21,240 on farm services, $21,240 on livestock, poultry, and related expenses, and $17,270 on labor.

Total fuel expense is $11.1 billion. Diesel, the largest sub-component, is $7.1 billion, accounting for 64.0 percent. Diesel expenditures are down 10.1 percent from the previous year. Gasoline is $2.0 billion, down 11.6 percent. LP gas is $1.3 billion, down 11.0 percent. Other fuel is $730 million, up 2.8 percent.

The economic sales class contributing most to the 2020 United States total expenditures is the $1,000,000 - $4,999,999 class, with expenses of $116.4 billion, 31.8 percent of the United States total, up 2.4 percent from the 2019 level of $113.7 billion. The next highest is the $5,000,000 and over class with $97.9 billion, unchanged from $97.9 billion in 2019.

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