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Midwest Region Farm Expenses Contribute Most to U.S. Increase
USAgNet - 08/04/2020

Farm production expenditures in the United States are estimated at $357.8 billion for 2019, up from $354.0 billion in 2018. The 2019 total farm production expenditures are up 1.1 percent compared with 2018 total farm production expenditures. Nine expenditure items showed an increase from previous year, while seven showed a decrease, and one remained the same.

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 $111.5 billion (31.2 percent), up from $104.7 billion in 2018. Other regions, ranked by total expenditures, are the Plains at $87.9 billion (24.6 percent), West at $79.5 billion (22.2 percent), Atlantic at $42.1 billion (11.8 percent), and South at $36.8 billion (10.3 percent). The Plains decreased $3.82 billion from 2018, which is the largest regional decrease.

Nationally, the four largest expenditures at the United States level total $179.8 billion and account for 50.3 percent of total expenditures in 2019. These include feed, 16.6 percent, farm services, 12.0 percent, livestock, poultry, and related expenses, 12.0 percent, and labor, 9.7 percent.

In 2019, the United States total farm expenditure average per farm is $177,564, up 1.4 percent from $175,169 in 2018. On average, United States farm operations spent $29,478 on feed, $21,240 on livestock, poultry, and related expenses, $21,240 on farm services, and $17,270 on labor. For 2018, United States farms spent an average of $26,622 on feed, $21,822 on farm services, $22,911 on livestock, poultry, and related expenses, and $16,775 on labor.

The United States economic sales class contributing most to the 2019 United States total expenditures is the $1,000,000 - $4,999,999 class, with expenses of $113.7 billion, 31.8 percent of the United States total, up 0.3 percent from the 2018 level of $113.3 billion. The next highest is the $5,000,000 and over class with $97.9 billion, up from $92.5 billion in 2018.

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