U.S. Farm Expenses Increase 5.3 Percent in 2005

August 11, 2006 — 

According to data released by the National Agricultural Statistics Service (NASS), 2005 farm expenditures totaled $223.1 billion up from $211.8 billion in 2004.

The increase was driven largely by increasing fuel costs (up 26.3%). Purchases of livestock and poultry also increased 11.5%. These increases were somewhat offset by lower feed prices (down 5.1%) and machinery costs (other farm machinery, tractors and self-propelled machinery, and trucks and autos were down 4.7%, 2.3% and 2.1%, respectively).

Source:
NASS