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US - Farm production expenses fall for first time since 1986

After setting a record high in 2008, U.S. farm production expenditures decreased by nearly $20 billion in 2009 – the first major decline in nearly a quarter century.
1 September 2010
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After setting a record high in 2008, U.S. farm production expenditures decreased by nearly $20 billion in 2009 – the first major decline in nearly a quarter century, according to the Farm Production Expenditures 2009 summary released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).

The average production expenditures per farm fell 6.4 percent in 2009, from $140,075 to $131,137. Total U.S. expenditures totaled $287 billion, down from $307 billion in 2008.

Overall, 2009 farm production expenditures decreased in all major categories. Average feed costs decreased 4 percent, to $20,533 per farm; average costs for farm services decreased 4.2 percent to $16,609 per farm; and the average costs for fertilizer, lime and soil conditioners decreased 10.7 percent to $9,171 per farm.

http://www.nass.usda.gov/Newsroom/2010/08_03_2010.asp

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