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Farm Income and Costs: Farm Sector Income Forecast

U.S. farm sector production expenses, 2005-2009F          
Expense accounts
2005
2006
2007
2008
2009F
08/27/09
$ billion
Farm origin inputs 57.1 61.1 73.4 79.5 77.2
 Feed 28.0 31.4 41.9 46.9 43.8
 Livestock 18.7 18.6 18.8 17.5 16.1
 Seed
10.4
11.0
12.6
15.1
17.3
Manufactured inputs 35.4 37.5 46.3 55.0 44.9
 Fertilizer & lime
12.8
13.3 17.7 22.5 16.9
 Fuels and oils 10.3 11.3 13.8 16.2 11.3
 Electricity 3.5 3.8 4.3 4.5 4.7
 Pesticides 8.8 9.0 10.5 11.7 12.0
Total interest charges 12.6 14.4 15.1 14.5 15.5
 Short-term interest 5.7 6.4 6.9 6.5 6.9
 Real estate interest 6.9 8.0 8.3 8.0 8.6
Other operating expenses
72.7
76.9
88.4
92.4
92.6
 Repair and maintenance
11.9
12.5
14.3
14.8
14.9
 Hired & contract labor expenses
23.6
24.2
28.4
29.6
30.4
 Machine hire & custom work
3.5
3.5
3.8
4.1
4.0
 Marketing, storage, & transportation
8.9
9.1
10.3
10.1
10.1
 Misc. operating expenses
24.9
27.7
31.4
33.8
33.3
Overhead expenses
41.8
42.8
44.4
48.7
50.6
 Capital consumption
24.9
26.2
27.1
28.7
29.7
 Property taxes
8.0
9.0
10.3
10.7
10.6
 Net rent to nonoperator landlords
8.9
7.6
7.0
9.3
10.3
TOTAL PRODUCTION EXPENSES
219.7
232.7
267.5
290.0
280.8
Noncash expenses
17.6
18.1
18.4
19.8
20.8
 Labor perquisites
0.5
0.4
0.4
0.7
0.8
 Net capital consumption
17.1
17.7
18.1
19.1
20.1
  Cap. cons. exc. dwellings
19.9
20.5
20.9
22.3
23.1
  Landlord capital consumption 1/
2.7
2.8
2.9
3.2
3.0
Dwelling expenses
9.2
10.1
10.6
11.5
11.8
 Capital consumption
5.1
5.8
6.1
6.4
6.6
 Interest
0.7
0.9
1.1
1.0
1.1
 Taxes
1.2
1.4
1.5
1.6
1.6
 Repairs & maintenance
1.6
1.3
1.2
1.6
1.6
 Insurance
0.6
0.7
0.7
0.9
0.9
CASH EXPENSES 2/
192.8
204.5
238.5
258.7
248.1
F = forecast. P = preliminary. na = not applicable. ( ) = negative number. Numbers may not add due to rounding.  
1/ Sector capital consumption minus landlord capital consumption equals net of capital consumption excluding dwellings.
2/ Total expenses minus noncash and operator dwelling expenses.        

See all forecast tables.

 

For more information, contact: Chris McGath

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Updated date: August 27, 2009