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Farm Production Expenditures Down Over 4 Percent
Minnesota Ag Connection - 08/07/2017

Farm production expenditures in the United States were $346.9 billion in 2016, down from $362.8 billion in 2015. The 2016 Total Expenditures are down 4.4 percent compared with 2015 total farm production expenditures. All but five expenditure items decreased from the previous year.

The four largest expenditure categories at the United States level totaled $171.4 billion and account for 49.3 percent of total expenditures in 2016. These include feed, 16.0 percent, farm services, 12.0 percent, livestock, poultry and related expenses, 11.5 percent and labor, 9.8 percent.

In 2016, the United States total farm expenditure average per farm was $169,035, down 4.1 percent from $176,181 in 2015. On average, United States farm operations spent: $27,092 on feed, $19,491 on livestock, poultry, and related expenses, $20,319 on farm services, and $16,616 on labor. For 2015, United States farms spent an average of: $28,408 on feed, $20,202 on farm services, $22,047 on livestock, poultry, and related expenses, and $15,443 on labor.

The United States economic sales class contributing most to the 2016 United States total expenditures was the $1,000,000 - $4,999,999 class, with expenses of $113.0 billion, (32.6 percent of the United States total), down 5.2 percent from the 2015 level of $119.2 billion. It was followed by the $5,000,000 and over class with $80.6 billion, down from $81.3 billion in 2015.

The Midwest region, which includes Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio, and Wisconsin contributed the most to United States total expenditures with expenses of $108.9 billion (31.4 percent), down from $113.1 billion in 2015. The other regions ranked by total expenditures were: Plains at $89.0 billion (25.7 percent), West at $71.4 billion (20.6 percent), Atlantic at $42.1 billion (12.1 percent), and South at $35.5 billion (10.2 percent). The Plains decreased $4.5 billion from 2015, which is the largest regional decrease.

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