|
U.S. farm sector production expenses, 2004-2008F
|
|
Expense accounts |
2004 |
2005 |
2006 |
2007 |
2008F |
08/18/08 |
$ billion
|
|
Farm origin inputs |
57.5 |
56.9 |
61.0 |
68.8 |
81.8 |
|
Feed |
29.7 |
28.0 |
31.4 |
38.1 |
47.9 |
|
Livestock |
18.1 |
18.5 |
18.5 |
18.8 |
18.6 |
|
Seed |
9.6 |
10.4 |
11.0 |
11.9 |
15.3 |
|
Manufactured inputs |
31.6 |
35.4 |
37.5 |
43.7 |
59.5 |
|
Fertilizer & lime |
11.4 |
12.8 |
13.3 |
16.7 |
26.4 |
|
Fuels and oils |
8.2 |
10.3 |
11.3 |
13.0 |
18.1 |
|
Electricity |
3.4 |
3.5 |
3.8 |
3.9 |
4.2 |
|
Pesticides |
8.6 |
8.8 |
9.0 |
10.0 |
10.7 |
|
Total interest charges |
11.6 |
13.2 |
14.0 |
15.1 |
14.6 |
|
Short-term interest |
4.7 |
5.8 |
6.1 |
7.0 |
6.8 |
|
Real estate interest |
6.9 |
7.4 |
7.8 |
8.1 |
7.8 |
|
Other operating expenses |
69.0 |
72.7 |
76.9 |
81.3 |
89.6 |
|
Repair and maintenance |
11.9 |
11.9 |
12.5 |
13.6 |
15.3 |
|
Hired & contract labor expenses |
23.3 |
23.6 |
24.2 |
25.6 |
27.2 |
|
Machine hire & custom work |
3.6 |
3.5 |
3.5 |
3.7 |
4.1 |
|
Marketing, storage, & transportation |
7.2 |
8.8 |
9.0 |
9.8 |
11.0 |
|
Misc. operating expenses |
22.9 |
25.0 |
27.7 |
28.6 |
32.0 |
|
Overhead expenses |
40.1 |
43.6 |
44.5 |
45.5 |
49.4 |
|
Capital consumption |
23.1 |
24.9 |
26.1 |
26.9 |
28.4 |
|
Property taxes |
7.0 |
8.0 |
9.0 |
9.8 |
10.2 |
|
Net rent to nonoperator landlords |
10.0 |
10.6 |
9.4 |
8.8 |
10.8 |
|
TOTAL PRODUCTION EXPENSES |
209.8 |
221.8 |
233.9 |
254.4 |
294.8 |
|
Noncash expenses |
16.6 |
17.6 |
18.1 |
18.2 |
18.5 |
|
Labor perquisites |
0.5 |
0.5 |
0.4 |
0.3 |
0.3 |
|
Net capital consumption |
16.1 |
17.1 |
17.7 |
17.8 |
18.1 |
|
Cap. cons. exc. dwellings |
18.7 |
19.9 |
20.5 |
20.7 |
21.6 |
|
Landlord capital consumption 1/ |
2.6 |
2.7 |
2.8 |
2.8 |
3.4 |
|
Dwelling expenses |
8.2 |
9.3 |
9.7 |
10.2 |
11.2 |
|
Capital consumption |
4.3 |
5.1 |
5.6 |
6.2 |
6.9 |
|
Interest |
0.8 |
0.8 |
0.7 |
0.7 |
0.7 |
|
Taxes |
1.1 |
1.2 |
1.4 |
1.5 |
1.5 |
|
Repairs & maintenance |
1.4 |
1.6 |
1.3 |
1.1 |
1.3 |
|
Insurance |
0.6 |
0.6 |
0.7 |
0.7 |
0.8 |
|
CASH EXPENSES 2/ |
185.0 |
194.8 |
206.0 |
226.0 |
265.1 |
|
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. |
