2011 Nebraska Farm Production Expenditures up 10% from 2010 - UNL CropWatch, Aug. 10, 2012
August 10, 2012
Farm and ranch production expenditures for Nebraska totaled $17.32 billion in 2011, up 10% from a year earlier, according to USDA’s National Agricultural Statistics Service, Nebraska Field Office. Livestock expenses, the largest expenditure category, at $3.58 billion, remained unchanged from 2010. Rent, the next largest total expense category, at $2.08 billion, increased 8% from 2010. The categories showing the largest percentage increase over the previous year are tractors and self-propelled machinery at 44% and fertilizer at 33%.
- Livestock expenses accounted for 21% of Nebraska’s total production expenditures. Rent accounted for 12%, feed 10%, and farm services 9%.
- The total expenditures per farm or ranch in Nebraska averaged $370,085 in 2011, up from $333,475, an increase of 11%.
- The livestock expense category was the leading expenditure, at $76,496 per operation, more than five times the national average.
- Rent expenditures, at $44,444 per operation, were over three times the national average. The average feed expenditure, at $36,966, was 1.5 times the national average.
- Farm services expenditures per operation, at $33,120, were above the national average.
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 2011 farm and ranch expenses.
USDA National Agricultural Statistics Service, Nebraska Field Office