National Agricultural Statistics Service
NASS Factoids
Random words and images that represent what NASS offers
HomeAbout UsNewsroomPublicationsData and StatisticsCensus of AgricultureSurveysHelpContact Us
 
Search NASS
 
Go
 
  Advanced search  
  Search Tips  
  Browse NASS by Subject  
  Crops and Plants  
  Demographics  
  Economics  
  Environmental  
  Livestock and Animals  
  Charts and Maps  
  Research  
  Education and Outreach  
  Statistics_by_State  
 
 

Newsroom

Contact: Ellen Dougherty, (202) 690-8122
Richard Barton, (202) 690-1502


Printable Version Printable Version

 

Farm Production Expenditures Hit Record High in 2007, USDA Reports

 

WASHINGTON, Aug 7, 2008 – The rising cost of fuel and other products helped drive U.S. farm production expenditures to a record $260 billion in 2007, according to the Farm Production Expenditures 2007 summary released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Total U.S. farm production expenditures rose 9.3 percent from 2006 and nearly 30 percent from 5 years ago.

Increasing petroleum costs meant farmers not only paid more for fuel, but also for fertilizer products, chemicals and transportation services. Indirectly, fuel prices and the growth in ethanol production also led to higher crop prices, resulting in increased cost for livestock feed.

The NASS report shows that the average production expenditures per farm increased 10 percent nationwide, from $114,186 in 2006 to $125,648 in 2007. On average, U.S. farm expenditures for fertilizer, lime and soil jumped 26 percent to $8,070; feed costs rose 22 percent to $18,412; fuel costs increased by 15 percent to $6,137; and agricultural chemicals climbed 12 percent to $4,832.

In total, U.S. producers spent $12.7 billion on fuel, including $7.71 billion for diesel, up 15 percent; $2.74 billion for gasoline, up 16 percent; $1.5 billion for LP gas, up 17 percent; and $750 million for other fuels, up 4.2 percent.

The Farm Production Expenditures summary provides the official estimates for production input costs on U.S. agricultural operations. These estimates are based on the results of the nationwide Agricultural Resource Management Survey conducted annually by NASS. The Farm Production Expenditures summary and all NASS reports are available online at www.nass.usda.gov.

Spacer



NASS Home | USDA.gov | FEDSTATS | Economics Statistics System (ESS) | Site Map | Translate | USA.gov | White House
FOIA | Accessibility Statement | Privacy Policy | Non-Discrimination Statement | Information Quality | Guidance Documents