US Farm Expenditures Edge Up in 2010

Total costs for North Carolina farmers remain flat.

Published on: Aug 11, 2011

U.S. farm expenditures rose in 2010 but only at a modest pace, according to the latest "Farm Production Expenditures, 2010 Summary" from USDA's National Agricultural Statistics Service, released August 2.

Total expenditures were up 0.6% for farmers across the country, compared to 2009. Total expenditures in 2009, however, went down a significant 6.4% compared to the previous year.

Here is a breakdown of some of the top expense items that showed increases in 2010; tractors and self-propelled machinery went up 17.2%; rent went up 14.6%, other farm machinery went up 6.4%, seeds and plants up 5.2%, fertilizer, lime and soil conditioners went up 4.5%, fuels went up 4% and taxes went up 3.8%.

Total production expenditures in North Carolina were the same in 2010 as they were in 2009, according to the report. Livestock, poultry and related expenses accounted for 18.4% of the total in 2010, compared to 16.6% in 2009.  Feed costs were the same in 2010 that they were in 2009, accounting for 31.5% of total expenditures in the Tarheel State.

Farm services expenditures in North Carolina totaled $850 million in 2010, up from $830 million in 2009. That accounted for 20% of total expenditures in the state, compared to 9.6% in 2009. Rent costs were $250 million in the latest report, 2.9% of total expenditures. That statistic was up from $210 million, or 2.4% of total costs, during the previous year. The expenditures for agricultural chemicals in the Tarheel State went down by 0.3%, however, to $260 million in 2010, compared to $290 million in 2009.

Fertilizer, lime and soil conditioners tipped down a bit in 2010, to 4.6% of total expenditures, compared to the 4.7% of total expenditures they cost North Carolina farmers in 2009. Interest charges were 2.1% of total expenditures for North Carolina farmers in 2010, down from 2.4% of the total expenditures in 2009.

Labor costs were $550 million dollars for North Carolina farmers in 2010, compared to $730 million in 2009.

Expenditures by farmers in South Carolina, Virginia and West Virginia in the above categories were not broken out in the report.

Read the complete report at