Farm production expenditures in the United States increased 8.3 percent in 2014 compared to the year before.
A report released by the National Agricultural Statistics Service showed that producers in this country upped spending from $367.3 billion in 2013 to $397.6 billion last year.
The four largest expenditure categories last year totaled $188.3 billion, or 47.3 percent of the total.
Their percentage part of the total were Feed – 16 percent; Farm services – 11.4 percent; Livestock, poultry and related expenses – 11.3 percent; and Labor – 8.6 percent.
Last year, total farm expenditures averaged $191,500 per farm compared to $175,270 in 2013.
While it’s too early to say how much American farmers are spending this year, county growers are being careful with their dollars, said Ronny Alexander, president of Ag Products Inc.
‘This year it’s pretty flat,’ Alexander said. ‘Weed control has turned into a major expense for us.’