Farming Production Costs And Farmland Values Increase

U.S. farmers spent $367.3 billion on agricultural production in 2013, a 2.0% increase from 2012, according to the Farm Production Expenditures report, published by USDA’s National Agricultural Statistics Service (NASS).

Per farm, the average expenditures total $175,270 compared with $171,309 in 2012, up 2.3%. Crop farms account for the majority of production expenditures in 2013. The average expenditure per crop farm totaled $211,659 compared with $143,521 per livestock farm.

Regionally, the largest increase in production expenditures was in the Midwest, which already accounted for nearly all farm production expenditures in the U.S. In that region, expenditures rose by $3.7 billion from 2012. For 2013, total expenditures by region are:

  • Midwest: $118.5 billion
  • Plains: $87.6 billion
  • West: $76.9 billion
  • Atlantic: $45.5 billion
  • South: $38.8 billion

The Farm Production Expenditures summary provides the official estimates for production input costs on U.S. farms and ranches. These estimates are based on the results of the nationwide Agricultural Resource Management Survey (ARMS), conducted annually by NASS. The Farm Production Expenditures 2013 summary is available online.

usda-production-expendatures

Farm Land Values Climb Up
NASS also released the 2014 Land Values report, which includes estimates based on interviews with approximately 11,000 farmers. This report looks at the U.S. farm real estate value, which measures the value of all land and buildings on farms.

In 2014, U.S. farm real estate value averaged $2,950 per acre for 2014, up 8.1% from 2013. Regional changes in the average value of farm real estate ranged from a 16.3% increase in the Northern Plains region to 1.1% increase in the Southeast region. The highest farm real estate values were in the Corn Belt region at $6,370 per acre. The Mountain region had the lowest farm real estate value at $1,070 per acre.

The U.S. pasture value increased to $1,300 per acre, or 11.1% above 2013. The Southeast region had the smallest percentage increase in pasture value, 0.5% above 2013. The Northern Plains had the highest increase at 26.5%. At the state level, the value of 2014 pasture land ranged from $360 per acre in New Mexico to $13,500 in New Jersey.

Source: NASS news release

Topics: , ,

Leave a Reply

One comment on “Farming Production Costs And Farmland Values Increase

  1. This may be interesting to Easterners, but it the figures don’t recognize the west coast. Much row crop land is in the $20,000 and up range, tree crops like citrus and nuts can see prices as high as $30,000 to $40,000. range. Your blibs on California are usually weeks after they have made the rounds
    in our papers. CA Citrus Farmer

Citrus Stories
CitrusBad Weather Or Not, Preparation Always On Radar For Florida Farmers [Opinion]
May 19, 2015
You cannot prevent a natural disaster from taking everything you have, but you can lessen the blow if and when it happens. Read More
CitrusSave Your Greenhouse Structures From Storms
May 19, 2015
Make sure your protected agriculture components are prepared for whatever may blow this way. Read More
BB Hobbs Inc. warehouse in Plant City, FL
CitrusBB Hobbs Bolsters Business In Central Florida
May 18, 2015
Irrigation specialists celebrate opening of new branch warehouse in Plant City. Read More
CitrusHouse Votes To Stop “Flawed” Waters Of The United States Rule
May 15, 2015
The U.S. House of Representatives approved this week bipartisan legislation that requires the withdrawal of the Waters of the United Read More
CitrusPointers On How To Save Money, Increase Sprayer Efficiency
May 15, 2015
Using clean water when calibrating a pesticide sprayer and carrying extra nozzles for quick repair of simple problems in the Read More
Wes Roan of Lipman Produce talks with participants of FFVA's Spring Regulatory Tour.
CitrusFlorida Farming Show & Tell Earns Regulators’ Respect
May 15, 2015
FFVA's annual Spring Regulatory Tour allows those who write regulations controlling water, crop protection chemicals, food safety, and more an opportunity to see production practices firsthand. Read More
CitrusUSDA Announces $11.9M In Assistance For Organic Certification
May 14, 2015
Following on the heels of the USDA’s announcement of record growth in the organic sector, the USDA’s Agriculture Marketing Service Read More
The Latest
Expansion groundbreaking for Southwest Florida Research and Education Center
CitrusSouthwest Florida Research And Education Center Embraci…
May 20, 2015
A 7,000-square-foot addition to the UF/IFAS facility will house labs and offices for potential new faculty members. Read More
storm clouds
CitrusSouth Florida Rainy Season Could Wind Up On Drier Side
May 20, 2015
National Weather Service anticipating El Niño to play a hand in possible below-normal conditions. Read More
CitrusBad Weather Or Not, Preparation Always On Radar For Flo…
May 19, 2015
You cannot prevent a natural disaster from taking everything you have, but you can lessen the blow if and when it happens. Read More
CitrusSave Your Greenhouse Structures From Storms
May 19, 2015
Make sure your protected agriculture components are prepared for whatever may blow this way. Read More
BB Hobbs Inc. warehouse in Plant City, FL
CitrusBB Hobbs Bolsters Business In Central Florida
May 18, 2015
Irrigation specialists celebrate opening of new branch warehouse in Plant City. Read More
CitrusHouse Votes To Stop “Flawed” Waters Of The United State…
May 15, 2015
The U.S. House of Representatives approved this week bipartisan legislation that requires the withdrawal of the Waters of the United Read More
CitrusPointers On How To Save Money, Increase Sprayer Efficie…
May 15, 2015
Using clean water when calibrating a pesticide sprayer and carrying extra nozzles for quick repair of simple problems in the Read More
Wes Roan of Lipman Produce talks with participants of FFVA's Spring Regulatory Tour.
CitrusFlorida Farming Show & Tell Earns Regulators’…
May 15, 2015
FFVA's annual Spring Regulatory Tour allows those who write regulations controlling water, crop protection chemicals, food safety, and more an opportunity to see production practices firsthand. Read More
CitrusUSDA Announces $11.9M In Assistance For Organic Certifi…
May 14, 2015
Following on the heels of the USDA’s announcement of record growth in the organic sector, the USDA’s Agriculture Marketing Service Read More
CitrusBeekeepers Lost 40% Of Bees In 2014-15
May 14, 2015
Beekeepers across the U.S. lost more than 40% of their honey bee colonies from April 2014 to April 2015, according to the latest results of Read More
CitrusReport: Florida Agriculture Property Values Remain Firm
May 12, 2015
Lay of the land confirms farm tracts are good investment. Read More
CitrusFlorida Orange Crop Now Projected To Be Lowest In Nearl…
May 12, 2015
Not since the 1965-1966 season have production numbers looked so bleak. Read More
CitrusImportant Crop Insurance Deadline Nearing For Growers
May 12, 2015
Specialty crop, other producers need to certify conservation compliance by June 1. Read More
CitrusAbout 58,000 Jobs In Agriculture And Related Fields Are…
May 12, 2015
National report says the jobs reflect a need for a skilled and trained workforce to support a growing population. Read More
CitrusEPA Approves Experimental Use Permit Of Spinach Trait T…
May 8, 2015
Agency allows potential breakthrough to move forward for further testing. Read More
CitrusSyngenta Rejects Monsanto’s Buyout Bid
May 8, 2015
Company says $45 billion offer undervalues future prospects. Read More
CitrusMediterranean Fruit Fly Found In JFK Airport
May 5, 2015
The Mediterranean fruit fly, one of the world’s most destructive pests, was recently intercepted by U.S. Customs and Border Protection Read More
CitrusHow You Can Survive The Mobilegeddon
May 4, 2015
The Mobilegeddon is upon us. No, this isn’t a time to prepare disaster bunkers, or buy canned food in bulk. Read More