08-04-17 USDA NASS Colorado Farm Production Expenditures – 2016

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FARM PRODUCTION EXPENDITURES-2016 UNITED STATES HIGHLIGHTS

Farm Production Expenditures in the United States are estimated at $346.9 billion for 2016, down from $362.8 billion in 2015. The 2016 total farm production expenditures are down 4.4 percent compared with 2015 total farm production expenditures. For the 17 line items, 5 showed an increase from previous year, while the rest showed a decrease.

The four largest expenditures at the United States level total $171.4 billion and account for 49.3 percent of total expenditures in 2016. These include feed, 16.0 percent, farm services, 12.0 percent, livestock, poultry and related expenses, 11.5 percent, and labor, 9.8 percent. In 2016, the United States total farm expenditure average per farm is $169,035, down 4.1 percent from $176,181 in 2015.

On average, United States farm operations spent $27,092 on feed, $19,491 on livestock, poultry and related expenses, $20,319 on farm services, and $16,616 on labor. For 2015, United States farms spent an average of $28,408 on feed, $20,202 on farm services, $22,047 on livestock, poultry and related expenses, and $15,443 on labor.

Total fuel expense is $11.3 billion. Diesel, the largest sub component, is $7.4 billion, accounting for 65.5 percent. Diesel expenditures are down 7.5 percent from the previous year. Gasoline is $2.1 billion, down 8.7 percent. LP gas is $1.2 billion, down 14.1 percent. Other fuel is $640 million, down 1.5 percent.

The United States economic sales class contributing most to the 2016 United States total expenditures is the $1,000,000 – $4,999,999 class, with expenses of $113.0 billion, 32.6 percent of the United States total, down 5.2 percent from the 2015 level of $119.2 billion. The next highest is the $5,000,000 and Over class with $80.6 billion, down from $81.3 billion in 2015.

For a full copy of the 2016 Farm Production Expenditures report please visit www.nass.usda.gov.

For state specific questions please contact:

  • Arizona – Dave DeWalt 1-800-645-7286
  • Colorado – William R. Meyer 1-800-392-3202
  • Montana – Eric Sommer 1-800-835-2612
  • New Mexico – Longino Bustillos 1-800-530-8810
  • Utah – John Hilton 1-800-747-8522
  • Wyoming – Rhonda Brandt 1-800-892-1660

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