U.S. Total Farm Production Expenditures totaled $287.4 billion in 2009 down
from $307.0 billion in 2008. This is the first major decline of farm
expenditures since 1986. The 2009 Total Expenditures fell 6.4 percent
compared to the 2008 rise of 8.3 percent. Total Expenditures for 2008 remain
unchanged from a year ago. Two expense items showing increases from the
previous year were; Rent, up 0.9 percent, and Seed and Plants, up
Major factors that impacted expenditures this year were general economic
conditions and the price of crude oil. The sharp decline in petroleum prices
was a major factor affecting Total Expenditures. Fuels, down 22.5 percent
over previous year, had the largest decrease of any capital or non-capital
expense. The decreasing cost of crude oil also contributed to the drop of
Fertilizer and Agricultural Chemicals in 2009.
Total Fuels Expense was $12.4 billion dollars. Diesel, the largest
sub-component, was $7.2 billion accounting for 58.2 percent of the total
Fuels Expense. Diesel expenditures were down 26.8 percent in 2009. Gasoline
was $2.4 billion, down 19.3 percent. LP Gas was $2.0 billion, down
3.9 percent. Other Fuels were $0.8 billion, down 27.3 percent.
Expenditures with the largest percentage drop were: Fuels, down 22.5 percent;
Other Farm Machinery, down 20.3 percent; Tractors and Self Propelled
Machinery, down 18.4 percent; Farm Improvements, down 10.8 percent; and
Fertilizer, Lime, and Soil Conditioners, down 10.7 percent
The four largest expenditures at the U.S. level totaled $136.1 billion and
accounted for 47.4 percent of Total Expenditures in 2009. They were Feed,
15.7 percent; Farm Services, 12.7 percent; Labor, 10.0 percent; and Livestock
and Poultry Purchases, 9.0 percent.
In 2009, the U.S. Total Farm Expenditure average per farm was $131,137
compared with $140,075 in 2008, a decrease of 6.4 percent. On average, U.S.
farm operations spent: $20,533 on Feed, $16,609 on Farm Services, $13,141 on
Labor, $11,818 on Livestock and Poultry Purchases, $9,171 on Fertilizer,
Lime, and Soil Conditioners, and $10,312 on Rent. For 2008, U.S. farms spent
an average of: $21,398 on Feed, $17,337 on Farm Services, $12,912 on
Livestock and Poultry Purchases, $13,550 on Labor, and $10,220 on Rent.
The top three average per farm expenditures with the largest dollar decrease
were: Fuels down $1,642 or 22.5 percent; Fertilizer, Lime and Soil
Conditioners, down $1,094, or 10.7 percent; and Livestock and Poultry
Purchases, down $1,094, or 8.5 percent. All other per farm average decreases
were down less than $1,000 dollars per farm.
The U.S. Economic Sales Class contributing most to the 2009 U.S. Total
Expenditures was the $1,000,000 – $4,999,999 class, with expenses of $75.4
billion, 26.2 percent of the U.S. total, down 9.3 percent from the 2008 level
of $83.1 billion. It was followed by the $5,000,000 and Over class with $51.0
billion (2008 – $57.4 billion) and the $500,000 – $999,999 class with $49.3
billion (2008 – $51.9 billion).Â Â Â
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