Wednesday, September 19, 2018
   
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2015 farm production spending up 3%

LINCOLN—Farm and ranch production expenditures for Nebraska totaled $22.7 billion in 2015, up 3% from a year earlier, according to USDA’s National Agricultural Statistics Service.

Livestock expenses, the largest expenditure category at $6.77 billion, increased 17% from 2014.

Feed, the next largest expense category at $2.65 billion, increased 22% from 2014.

Rent, the third largest total expense category at $2.59 billion, decreased 1% from 2014.

Livestock expenses accounted for 30% of Nebraska’s total production expenditures. Feed accounted for 12%, rent 11% and farm services 8%.

The total expenditures per farm or ranch in Nebraska averaged $466,940 in 2015, up from

$451,527, an increase of 3%.

The livestock expense category was the leading expenditure at $139,014 per operation, more than six times the national average.

Feed expenditures, at $54,415 per operation, were nearly two times the national average. The average rent expenditure at $53,183 was more than three and a half times the national average.

Farm services expenditures per operation, at $39,220, were nearly two times the national average.

These results are based on data from Nebraska farmers and ranchers who participated in the agricultural resource management study conducted by USDA’s National Agricultural Statistics Service.

Producers were contacted in January through April to collect 2015 farm and ranch expenses.

This is the 11th year for the state level information published for Nebraska from the Agricultural Resource Management Study.