Selected U.S. farm production expenses, 2023–24F

Billion dollars (nominal)

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

Nominal increase 2023–24F

Group 1, Labor.
Item 1, 2023 48.787.
Item 2, 2024F 52.151.
Group 2, Livestock/poultry purchases.
Item 1, 2023 42.98.
Item 2, 2024F 48.148.
Group 3, Interest.
Item 1, 2023 28.471.
Item 2, 2024F 30.278.
Group 4, Property taxes/fees.
Item 1, 2023 16.908.
Item 2, 2024F 18.844.

Nominal decrease/ no change 2023–24F

Group 5, Feed purchases.
Item 1, 2023 80.043.
Item 2, 2024F 70.232.
Group 6, Fertilizer.
Item 1, 2023 35.834.
Item 2, 2024F 32.356.
Group 7, Seed purchases.
Item 1, 2023 27.327.
Item 2, 2024F 27.227.
Group 8, Pesticides.
Item 1, 2023 21.617.
Item 2, 2024F 19.365.
Group 9, Fuel/oil.
Item 1, 2023 17.606.
Item 2, 2024F 15.92.
Group 10, Net rent.
Item 1, 2023 15.193.
Item 2, 2024F 15.19.

Note: F = forecast.

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of September 5, 2024.