Selected U.S. farm production expenses, 2021–22F

B illion dollars (nominal)

Horizontal Bar chart with 10 groups and 2 items per group.

Increase
Group 1, Feed purchases.
Item 1, 2021 65.246.
Item 2, 2022F 76.579.
Group 2, Fertilizer.
Item 1, 2021 29.544.
Item 2, 2022F 43.417.
Group 3, Labor.
Item 1, 2021 37.069.
Item 2, 2022F 39.326.
Group 4, Livestock/poultry purchases.
Item 1, 2021 30.704.
Item 2, 2022F 35.373.
Group 5, Interest.
Item 1, 2021 19.451.
Item 2, 2022F 27.429.
Group 6, Pesticides.
Item 1, 2021 17.818.
Item 2, 2022F 24.155.
Group 7, Fuel/oil.
Item 1, 2021 13.927.
Item 2, 2022F 20.523.
Group 8, Net rent.
Item 1, 2021 18.477.
Item 2, 2022F 19.988.
Group 9, Property taxes/fees.
Item 1, 2021 15.52.
Item 2, 2022F 17.09.

Decrease/No change
Group 10, Seed purchases.
Item 1, 2021 22.315.
Item 2, 2022F 22.169.

Note: F = forecast.

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of December 1, 2022.