United States Total Farm Production Expenditures were $397.6 billion in 2014, up from $367.3 billion in 2013. The 2014 Total Expenditures are up 8.3 percent compared with 2013 Total farm production expenditures . Nearly all expenditure items increased from the previous year. The f our largest expenditure categories at the United States level totaled $188.3 billion and accounted for 47.3 percent of Total expenditures in 2014 .
These were: Feed, 16.0 percent, Farm Services, 11.4 percent, Livestock, Poultry and Related Expenses, 11.3 p ercent, and Labor, 8.6 percent. In 2014, the United States Total Farm Expenditure average per farm was $191,500 compared with $175,270 in 2013, up 9.3 percent. On average, United States farm operations spent: $30,680 on Feed, $21,818 on Farm Services, $21 ,722 on Livestock, Poultry and Related Expenses, and $16,472 on Labor .
For 2013, United States farms spent an average of: $29,779 on Feed, $18,612 on Farm Services, $16,321 on Livestock, Poultry, and Related Expenses, $15,271 on Labor. The United States Economic Sales Class contributing most to the 2014 United States Total Expenditures was the $1,000,000 - $4,999,999 class, with expenses of $135.1 billion, (34.0 percent of the United States total), up 2.3 percent from the 2013 le vel of $132.0 billion. It was followed by the $5,000,000 and over class with $102.0 billion, up from $79.0 billion in 2013 .
The Midwest region, which includes Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio, and Wisconsin contributed the most to United States Total E xpenditures with expenses of $124.0 billion (31.2 percent), up from $118.4 billion in 2013. The other regions ranked by Total Expenditures were: Plains at $99.3 billion (25.0 percent), West at $85.6 billion (21.5 percent) , Atlantic at $48.2 billion (12.1 p ercent), and South at $40.5 billion (10.2 percent) . The Plains increased $11.6 billion from 2013, which is the largest regional increase in dollars.
Source:usda.gov