2011 farm expenditures up from 2010

United States Total Farm Production Expenditures were $318.7 billion in 2011, up from $289.1 billion in 2010. The 2011 Total Expenditures rose 10.2 percent compared to 2010 Total Expenditures. All expenditure items except Interest and Labor increased from 2010. 

Total Fuels Expense was $15.3 billion. Diesel, the largest sub-component, was $10.1 billion accounting for 65.9 percent. Diesel expenditures were up 23.7 percent in 2011. Gasoline was $2.8 billion, up 9.4 percent. LP gas was $1.6 billion, down 8.8 percent. Other Fuels were $820.0 million, up 13.9 percent.

The four largest expenditures at the United States level totaled $147.1 billion and accounted for 46.1 percent of Total Expenditures in 2011. They were Feed, 17.1 percent; Farm Services, 11.6 percent; Livestock, poultry and related expenses, 9.0 percent; and Labor, 8.4 percent.

In 2011, the United States Total Farm Expenditure average per farm was $146,653 compared with $131,821 in 2010, an increase of 11.3 percent. On average, United States farm operations spent: $25,129 on Feed, $17,075 on Farm Services, $13,163 on Livestock, poultry and related expenses, and $12,334 on Labor. For 2010, United States farms spent an average of: $20,705 on Feed, $16,281 on Farm Services, $11,128 on Livestock, poultry and related expenses, and $12,450 on Labor.

Source: USDA