Billion dollars
Line graph with 2 lines and 55 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 357.239.
Point 52, 2021 is 371.912.
Point 53, 2022 is 435.751.
Point 54, 2023 is 461.883.
Point 55, 2024F is 453.916.
Line 2, Inflation-adjusted expenses (2024=100).
Point 1, 1970 is 275.81.
Point 2, 1971 is 278.145.
Point 3, 1972 is 292.551.
Point 4, 1973 is 346.394.
Point 5, 1974 is 349.517.
Point 6, 1975 is 338.14.
Point 7, 1976 is 353.355.
Point 8, 1977 is 357.396.
Point 9, 1978 is 387.878.
Point 10, 1979 is 427.741.
Point 11, 1980 is 423.481.
Point 12, 1981 is 405.288.
Point 13, 1982 is 384.051.
Point 14, 1983 is 367.717.
Point 15, 1984 is 361.035.
Point 16, 1985 is 326.686.
Point 17, 1986 is 301.958.
Point 18, 1987 is 307.424.
Point 19, 1988 is 314.88.
Point 20, 1989 is 317.972.
Point 21, 1990 is 320.009.
Point 22, 1991 is 310.161.
Point 23, 1992 is 300.389.
Point 24, 1993 is 308.866.
Point 25, 1994 is 312.438.
Point 26, 1995 is 320.089.
Point 27, 1996 is 325.017.
Point 28, 1997 is 337.282.
Point 29, 1998 is 331.367.
Point 30, 1999 is 329.911.
Point 31, 2000 is 328.974.
Point 32, 2001 is 328.342.
Point 33, 2002 is 317.551.
Point 34, 2003 is 321.579.
Point 35, 2004 is 328.602.
Point 36, 2005 is 337.535.
Point 37, 2006 is 346.703.
Point 38, 2007 is 390.948.
Point 39, 2008 is 407.849.
Point 40, 2009 is 388.052.
Point 41, 2010 is 390.471.
Point 42, 2011 is 420.172.
Point 43, 2012 is 474.993.
Point 44, 2013 is 476.173.
Point 45, 2014 is 507.87.
Point 46, 2015 is 462.381.
Point 47, 2016 is 446.276.
Point 48, 2017 is 437.93.
Point 49, 2018 is 420.084.
Point 50, 2019 is 418.942.
Point 51, 2020 is 424.577.
Point 52, 2021 is 422.791.
Point 53, 2022 is 462.34.
Point 54, 2023 is 473.11.
Point 55, 2024F is 453.916.
Note: F = forecast. 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 2024 by USDA, Economic Research Service.
Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of December 3, 2024.