Farm production expenses increase
Farm and ranch production expenditures for Nebraska totaled $15.97 billion in 2010, up 4% from a year earlier, according to USDA’s National Agricultural Statistics Service, Nebraska Field Office.
Livestock expenses, the largest expenditure category, at $3.7 billion, increased 17% from 2009. Rent, the next largest total expense category at $1.93 billion, increased 14% from 2009. The categories showing the largest percentage increase over the previous year are other farm machinery at 23% and tractors and self propelled machinery at 21%.
Livestock expenses accounted for 23% of Nebraska’s total production expenditures. Rent accounted for 12, feed 11 and farm services 9%.
The total expenditures per farm or ranch in Nebraska averaged $338,347 in 2010, up from $324,364, an increase of 4%.
The livestock expense category was the leading expenditure, at $78,390 per operation, more than seven times the national average. Rent expenditures at $40,890 per operation was over three times the national average.
The average feed expenditure, at $37,712 was more than one and one half times the national average. Farm services expenditures per operation at $29,025 was above 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 February through April to collect 2010 farm and ranch expenses.
This is the seventh year of state level information published for Nebraska from the Agricultural Resource Management Study.