JM Innovations



New York Ag News Headlines
Atlantic Region Farm Production Costs Top $45 Billion
New York Ag Connection - 08/12/2019

Farm Production Expenditures in the Atlantic Region are estimated at $45.0 billion for 2018, up from $43.2 billion in 2017, reports the USDA's National Ag Statistics Service. The 2018 total farm production expenditures are up 4.1 percent compared with 2017 total farm production expenditures. For the 17 line items, 9 showed an increase from previous year, while the rest showed a decrease and one was unchanged from the previous year.

The four largest expenditures for the Atlantic Region total $24.4 billion and account for 54.1 percent of total expenditures in 2018. These include feed, 21.3 percent; farm services, 12.7 percent; livestock, poultry and related expenses, 11.1 percent; and labor, 9.1 percent.

In 2018, the Atlantic Region total farm expenditure average per farm is $112,366 compared with $107,375 in 2017, up 4.6 percent. On average, Atlantic Region farm operations spent $23,958 on feed; $14,225 on farm services, $12,428 on livestock, poultry and related expenses; and $10,207 on labor. For 2017, Atlantic Region farms spent an average of $23,094 on feed, $12,665 on farm services, $11,622 on labor, and $9,983 on livestock, poultry and related expenses.

Total fuel expense for the region is $1.56 billion. Diesel, the largest sub-component, is $930 million, accounting for 59.6 percent. Diesel expenditures are up 3.3 percent from the previous year. Gasoline is $280 million, down 12.5 percent. LP gas is $220 million, down 4.3 percent. Other fuel is $130 million, down 13.3 percent from the previous year.

Farm Production Expenditures in the United States are estimated at $354.0 billion for 2018, down from $357.8 billion in 2017. The 2018 total farm production expenditures are down 1.1 percent compared with 2017 total farm production expenditures. For the 17 line items, 7 showed an increase from previous year, while the rest showed a decrease.

The four largest expenditures at the United States level total $178.1 billion and account for 50.3 percent of total expenditures in 2018. These include feed, 15.2 percent, farm services, 12.5 percent, livestock, poultry, and related expenses, 13.1 percent, and labor, 9.6 percent.

In 2018, the United States total farm expenditure average per farm is $175,169, down 0.4 percent from $175,935 in 2017.

On average, United State farm operations spent $26,622 on feed, $22,911 on livestock, poultry, and related expenses, $21,822 on farm services, and $16,775 on labor. For 2017, United States farms spend an average of $26,798 on feed, $21,193 on farm services, $20,455 on livestock, poultry and related expenses, and $17,702 on labor.

Total fuel expense is $12.3 billion. Diesel, the largest sub component, is $8.1 billion, accounting for 65.9 percent. Diesel expenditures are up 8.0 percent from the previous year. Gasoline is $2.13 billion, down 3.2 percent. LP gas is $1.41 billion, up 0.7 percent. Other fuel is $660 million, down 17.5 percent.

The United States economic sales class contributing most to the 2018 United States total expenditures is the $1,000,000 - $4,999,999 class, with expenses of $113.3 billion, 32.0 percent of the United States total, down 2.2 percent from the 2017 level of $115.9 billion. The next highest is the $5,000,000 and over class with $92.5 billion, up from $91.2 billion in 2017.

Send this article to a friend


Other New York Headlines
International Protein Sires
Indiana Berry
Copyright 2019 - USAgNet.com. All Rights Reserved.