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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
08/27/09
2008
11/24/09
2009F
  $ billion    
Farm origin inputs 57.1 61.1 73.4 79.5 76.7
 Feed 28.0 31.4 41.9 46.9 43.4
 Livestock 18.7 18.6 18.8 17.5 16.1
 Seed 10.4 11.0 12.6 15.1 17.2
Manufactured inputs 35.4 37.5 46.3 55.0 44.2
 Fertilizer & lime 12.8 13.3 17.7 22.5 16.3
 Fuels and oils 10.3 11.3 13.8 16.2 11.1
 Electricity 3.5 3.8 4.3 4.5 4.7
 Pesticides 8.8 9.0 10.5 11.7 12.1
Total interest charges 12.6 14.4 15.1 14.5 15.1
 Short-term interest 5.7 6.4 6.9 6.5 6.5
 Real estate interest 6.9 8.0 8.3 8.0 8.7
Other operating expenses 72.7 76.9 88.4 92.4 91.4
 Repair and maintenance 11.9 12.5 14.3 14.8 14.5
 Hired & contract labor expenses 23.6 24.2 28.4 29.6 30.5
   Contract labor 3.1 3.0 4.4 4.7 4.8
   Hired labor 20.5 21.2 24.0 24.9 25.7
 Machine hire & custom work 3.5 3.5 3.8 4.1 3.8
 Marketing, storage, & transportation 8.9 9.1 10.3 10.1 9.9
 Misc. operating expenses 24.9 27.7 31.4 33.8 32.7
Overhead expenses 41.8 42.8 44.4 48.7 50.7
Capital consumption 24.9 26.2 27.1 28.7 29.1
Property taxes 8.0 9.0 10.3 10.7 11.1
Net rent to nonoperator landlords 8.9 7.6 7.0 9.3 10.5
TOTAL PRODUCTION EXPENSES 219.7 232.7 267.5 290.0 278.1
Noncash expenses 17.6 18.1 18.4 19.8 21.1
 Labor perquisites 0.5 0.4 0.4 0.7 0.7
 Net capital consumption 17.1 17.7 18.1 19.1 20.3
  Cap. cons. exc. dwellings 19.9 20.5 20.9 22.3 23.3
  Landlord capital consumption 1/ 2.7 2.8 2.9 3.2 3.0
Dwelling expenses 9.2 10.1 10.6 11.5 11.0
 Capital consumption 5.1 5.8 6.1 6.4 5.8
 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/ 192.8 204.5 238.5 258.7 246.0
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

Web administration: webadmin@ers.usda.gov

Updated date: November 24, 2009