Selected U.S. farm production expenses, 2021–23F

Billion dollars (nominal)

Horizontal Bar chart with 10 groups and 3 items per group.

Increase 2022F-2023F

Group 1, Labor.
Item 1, 2021 37.069.
Item 2, 2022F 39.629.
Item 3, 2023F 42.538.
Group 2, Livestock/poultry purchases.
Item 1, 2021 30.704.
Item 2, 2022F 35.418.
Item 3, 2023F 40.242.
Group 3, Interest.
Item 1, 2021 19.451.
Item 2, 2022F 27.644.
Item 3, 2023F 33.846.
Group 4, Pesticides.
Item 1, 2021 17.818.
Item 2, 2022F 24.364.
Item 3, 2023F 24.548.
Group 5, Seed purchases.
Item 1, 2021 22.315.
Item 2, 2022F 21.976.
Item 3, 2023F 22.486.
Group 6, Property taxes/fees.
Item 1, 2021 15.52.
Item 2, 2022F 17.089.
Item 3, 2023F 17.795.

Decrease 2022F-2023F

Group 7, Feed purchases.
Item 1, 2021 65.246.
Item 2, 2022F 76.588.
Item 3, 2023F 72.668.
Group 8, Fertilizer.
Item 1, 2021 29.544.
Item 2, 2022F 42.499.
Item 3, 2023F 42.166.
Group 9, Net rent.
Item 1, 2021 18.473.
Item 2, 2022F 19.835.
Item 3, 2023F 18.212.
Group 10, Fuel/oil.
Item 1, 2021 13.927.
Item 2, 2022F 20.104.
Item 3, 2023F 17.099.

Note: F = forecast.

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of February 7, 2023.