Livestock expenses, the largest expenditure category, at 2.04 billion, increased 21% from 2004. Feed, the next largest total expense category, at $1.29 billion, decreased 7.9% from 2004. While the expenditures on trucks and autos by farmers and ranchers showed the largest percentage decrease, down 17% or $30 million.
Livestock expenses accounted for 19% of the Nebraska’s total production expenditure, feed accounted for 12%, rent 11%, and farm services 10%.
The total expenditures per farm or ranch in the Nebraska averaged $219,792 in 2005, up from $199,586 in 2004, an increase of 10%. The livestock expenses category was the leading expenditure, at $42,500 per operation, over four times the national average. The average feed expenditure, at $26,875 per operation, was twice the national average. Rent and farm services, at $24,583 and $22,292 respectively, were both above the national averages.
These results are based on data from Nebraska farmers and ranchers who participated in the Agricultural Resource Management Study conducted by USDA’s National Agricultural Statistics Service. Producers were contacted in February through April to collect 2005 farm and ranch expenses. This is the second year of state level information published for Nebraska from the Agricultural Resource Management Study.
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| Published by University of Nebraska-Lincoln Extension in the Institute of Agriculture and Natural Resources Cooperating with the counties and the U.S. Department of Agriculture. | ||
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