Selected U.S. farm production expenses, 2023–25F

Billion dollars (nominal)

Horizontal bar chart with 11 groups and 3 items per group.

Nominal increase 2024F–25F
Group 1, Labor.
Item 1, 2023 48.787.
Item 2, 2024F 51.671.
Item 3, 2025F 53.516.
Group 2, Livestock/poultry purchases.
Item 1, 2023 42.98.
Item 2, 2024F 47.434.
Item 3, 2025F 50.522.
Group 3, Seed purchases.
Item 1, 2023 27.327.
Item 2, 2024F 26.609.
Item 3, 2025F 27.717.
Group 4, Property taxes/fees.
Item 1, 2023 16.908.
Item 2, 2024F 17.827.
Item 3, 2025F 18.846.
Group 5, Net rent.
Item 1, 2023 15.193.
Item 2, 2024F 15.139.
Item 3, 2025F 16.116.

Nominal decrease 2024F–25F
Group 6, Feed purchases.
Item 1, 2023 80.043.
Item 2, 2024F 69.434.
Item 3, 2025F 62.432.
Group 7, Interest.
Item 1, 2023 28.471.
Item 2, 2024F 29.594.
Item 3, 2025F 29.459.
Group 8, Fertilizer.
Item 1, 2023 35.834.
Item 2, 2024F 32.884.
Item 3, 2025F 29.236.
Group 9, Pesticides.
Item 1, 2023 21.617.
Item 2, 2024F 19.296.
Item 3, 2025F 18.142.
Group 10, Fuel/oil.
Item 1, 2023 17.606.
Item 2, 2024F 15.485.
Item 3, 2025F 15.204.

Note: F = forecast.

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of February 6, 2025.