Selected U.S. farm production expenses, 2022–2023F

Billion dollars (nominal)

Horizontal bar chart with 10 groups and 2 items per group.

Nominal increase 2022–2023F

Group 1, Feed purchases.
Item 1, 2022 83.658.
Item 2, 2023F 86.365.
Group 2, Labor.
Item 1, 2022 41.909.
Item 2, 2023F 44.143.
Group 3, Livestock/poultry purchases.
Item 1, 2022 34.642.
Item 2, 2023F 42.256.
Group 4, Interest.
Item 1, 2022 24.091.
Item 2, 2023F 33.28.
Group 5, Seed purchases.
Item 1, 2022 24.917.
Item 2, 2023F 26.004.
Group 6, Pesticides.
Item 1, 2022 21.322.
Item 2, 2023F 23.018.
Group 7, Property taxes/fees.
Item 1, 2022 16.835.
Item 2, 2023F 18.553.
Group 8, Net rent.
Item 1, 2022 16.098.
Item 2, 2023F 16.863.

Nominal decrease 2022–2023F

Group 9, Fertilizer.
Item 1, 2022 36.855.
Item 2, 2023F 36.433.
Group 10, Fuel/oil.
Item 1, 2022 18.493.
Item 2, 2023F 16.068.

Note: F = forecast.

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of August 31, 2023.