Billion dollars
Line graph with 2 lines and 56 points per line.
Line 1, Nominal production expenses.
Point 1, 1970 is 44.452.
Point 2, 1971 is 47.107.
Point 3, 1972 is 51.688.
Point 4, 1973 is 64.554.
Point 5, 1974 is 70.98.
Point 6, 1975 is 75.043.
Point 7, 1976 is 82.742.
Point 8, 1977 is 88.884.
Point 9, 1978 is 103.249.
Point 10, 1979 is 123.305.
Point 11, 1980 is 133.138.
Point 12, 1981 is 139.444.
Point 13, 1982 is 140.305.
Point 14, 1983 is 139.593.
Point 15, 1984 is 142.006.
Point 16, 1985 is 132.559.
Point 17, 1986 is 125.008.
Point 18, 1987 is 130.403.
Point 19, 1988 is 138.283.
Point 20, 1989 is 145.116.
Point 21, 1990 is 151.534.
Point 22, 1991 is 151.814.
Point 23, 1992 is 150.384.
Point 24, 1993 is 158.297.
Point 25, 1994 is 163.54.
Point 26, 1995 is 171.062.
Point 27, 1996 is 176.871.
Point 28, 1997 is 186.723.
Point 29, 1998 is 185.473.
Point 30, 1999 is 187.244.
Point 31, 2000 is 190.982.
Point 32, 2001 is 195.009.
Point 33, 2002 is 191.426.
Point 34, 2003 is 197.739.
Point 35, 2004 is 207.453.
Point 36, 2005 is 219.742.
Point 37, 2006 is 232.734.
Point 38, 2007 is 269.547.
Point 39, 2008 is 286.489.
Point 40, 2009 is 274.384.
Point 41, 2010 is 279.401.
Point 42, 2011 is 306.852.
Point 43, 2012 is 353.376.
Point 44, 2013 is 360.373.
Point 45, 2014 is 391.05.
Point 46, 2015 is 359.131.
Point 47, 2016 is 349.938.
Point 48, 2017 is 349.661.
Point 49, 2018 is 343.095.
Point 50, 2019 is 347.818.
Point 51, 2020 is 357.238.
Point 52, 2021 is 371.91.
Point 53, 2022 is 435.751.
Point 54, 2023 is 461.885.
Point 55, 2024F is 452.871.
Point 56, 2025F is 450.373.
Line 2, Inflation-adjusted expenses (2025=100).
Point 1, 1970 is 282.541.
Point 2, 1971 is 284.942.
Point 3, 1972 is 299.71.
Point 4, 1973 is 354.868.
Point 5, 1974 is 358.069.
Point 6, 1975 is 346.397.
Point 7, 1976 is 361.997.
Point 8, 1977 is 366.141.
Point 9, 1978 is 397.357.
Point 10, 1979 is 438.199.
Point 11, 1980 is 433.845.
Point 12, 1981 is 415.196.
Point 13, 1982 is 393.442.
Point 14, 1983 is 376.708.
Point 15, 1984 is 369.865.
Point 16, 1985 is 334.679.
Point 17, 1986 is 309.34.
Point 18, 1987 is 314.938.
Point 19, 1988 is 322.578.
Point 20, 1989 is 325.745.
Point 21, 1990 is 327.833.
Point 22, 1991 is 317.743.
Point 23, 1992 is 307.734.
Point 24, 1993 is 316.417.
Point 25, 1994 is 320.076.
Point 26, 1995 is 327.919.
Point 27, 1996 is 332.965.
Point 28, 1997 is 345.527.
Point 29, 1998 is 339.47.
Point 30, 1999 is 337.974.
Point 31, 2000 is 337.02.
Point 32, 2001 is 336.373.
Point 33, 2002 is 325.316.
Point 34, 2003 is 329.445.
Point 35, 2004 is 336.638.
Point 36, 2005 is 345.783.
Point 37, 2006 is 355.179.
Point 38, 2007 is 400.509.
Point 39, 2008 is 417.818.
Point 40, 2009 is 397.543.
Point 41, 2010 is 400.019.
Point 42, 2011 is 430.446.
Point 43, 2012 is 486.609.
Point 44, 2013 is 487.814.
Point 45, 2014 is 520.283.
Point 46, 2015 is 473.688.
Point 47, 2016 is 457.185.
Point 48, 2017 is 448.64.
Point 49, 2018 is 430.359.
Point 50, 2019 is 429.187.
Point 51, 2020 is 434.962.
Point 52, 2021 is 433.129.
Point 53, 2022 is 473.647.
Point 54, 2023 is 484.679.
Point 55, 2024F is 463.798.
Point 56, 2025F is 450.373.
Note: F = forecast; data for 2024 and 2025 are forecasts. Values are adjusted for inflation using the U.S. Department of Commerce, Bureau of Economic Analysis, Gross Domestic Product Price Index (BEA API series code: A191RG) rebased to 2025 by USDA, Economic Research Service.
Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of February 6, 2025.