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Farm Income and Costs: Farm Sector Income Forecast

Farm production expenses
 
2007
2008
2009
2010
2011F
09/08
10 /09
11F/10
 
Billion dollars
Percent change
Farm origin inputs 73.374 79.794 77.264 81.334 96.224 -3.2 5.3 18.3
 Feed 41.924 46.930 45.027 45.426 55.699 -4.1 0.9 22.6
 Livestock & poultry purchased 18.830 17.744 16.718 19.590 23.120 -5.8 17.2 18.0
 Seed 12.620 15.120 15.518 16.318 17.406 2.6 5.2 6.7
Manufactured inputs 46.325 55.039 48.951 49.475 58.938 -11.1 1.1 19.1
 Fertilizer & lime 17.732 22.534 20.133 21.032 26.880 -10.7 4.5 27.8
 Fuels and oils 13.793 16.243 12.711 13.204 16.746 -21.7 3.9 26.8
 Electricity 4.283 4.544 4.589 4.621 4.588 1.0 0.7 -0.7
 Pesticides 10.517 11.718 11.519 10.619 10.723 -1.7 -7.8 1.0
Total interest charges 15.117 15.420 15.154 14.462 15.449 -1.7 -4.6 6.8
 Short-term interest 6.860 6.650 6.422 5.976 6.620 -3.4 -6.9 10.8
 Real estate interest 8.256 8.769 8.733 8.486 8.829 -0.4 -2.8 4.0
Other operating expenses 89.796 93.960 89.471 86.182 91.975 -4.8 -3.7 6.7
 Repair and maintenance 14.345 14.813 14.715 14.770 16.334 -0.7 0.4 10.6
 Hired & contract labor expenses 28.963 29.998 28.885 27.626 27.275 -3.7 -4.4 -1.3
  Contract labor 4.422 4.710 3.857 3.932 3.955 -18.1 1.9 0.6
  Hired labor 24.541 25.289 25.028 23.694 23.320 -1.0 -5.3 -1.6
 Machine hire & customwork 3.848 4.064 3.890 4.269 4.781 -4.3 9.7 12.0
 Marketing, storage & transportation 10.332 10.147 10.323 10.321 11.028 1.7 0.0 6.8
 Miscellaneous operating expenses 32.308 34.938 31.658 29.196 32.557 -9.4 -7.8 11.5
Overhead expenses 44.934 49.005 50.262 54.151 57.396 2.6 7.7 6.0
 Capital consumption 27.028 28.691 30.091 30.695 31.509 4.9 2.0 2.7
 Property Taxes 10.313 10.714 10.414 10.814 11.762 -2.8 3.8 8.8
 Net rent to nonoperators 7.592 9.600 9.758 12.642 14.125 1.6 29.6 11.7
TOTAL PRODUCTION EXPENSES 269.547 293.218 281.102 285.604 319.982 -4.1 1.6 12.0
Noncash expenses 18.394 19.833 20.767 20.989 21.435 4.7 1.1 2.1
 Labor perquisites 0.354 0.723 0.682 0.610 0.597 -5.7 -10.6 -2.2
 Net Capital consumption 18.040 19.109 20.085 20.379 20.838 5.1 1.5 2.3
  Cap. cons. exc. dwellings 20.900 22.319 23.327 23.728 24.634 4.5 1.7 3.8
  -Landlord capital consumption 1/ 2.860 3.210 3.242 3.349 3.797 1.0 3.3 13.4
Dwelling expenses 10.515 11.620 11.924 11.903 12.304 2.6 -0.2 3.4
 Capital consumption 6.128 6.372 6.764 6.967 6.874 6.1 3.0 -1.3
 Interest 1.078 1.125 1.140 1.101 1.146 1.4 -3.5 4.0
 Taxes 1.304 1.450 1.493 1.560 1.697 3.0 4.6 8.8
 Repairs & maintenance 1.209 1.630 1.613 1.391 1.609 -1.0 -13.8 15.7
 Insurance 0.796 1.044 0.915 0.883 0.977 -12.4 -3.4 10.7
CASH EXPENSES 2/ 240.638 261.765 248.411 252.713 286.243 -5.1 1.7 13.3
1/ Sector capital consumption minus landlord capital consumption equals net capital consumption excluding dwellings.
2/ Total expenses minus noncash and operator dwelling expenses.
 

 

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Updated date: November 29, 2011