U.S. Farm Expenditures Top $480 Billion in 2023, Kansas Totaled $24.2 Billion

The USDA estimates 2023 farm production expenditures in the U.S. at $481.9 billion, up from $452.5 billion the previous year. The four largest expenditures totaled $238.7 billion and accounted for 49.6 percent of total expenditures in 2023. These include feed at 16.6 percent, livestock, poultry, and related expenses at 11.6 percent, farm services accounted for 11.3 percent, and labor at 10.1 percent. In 2023, the U.S. saw the total average farm expenditure reach $255,047, up 12.4 percent from $226,885 in 2022. On average, U.S. farm operations spent $42,340 on feed, $29,479 on livestock, poultry, and related expenses, $28,800 on farm services, and more than $25,600 on labor. Total fuel expense in 2023 was $16.5 billion. Diesel was the largest sub-component at $10.9 billion, accounting for 66 percent. Diesel expenditures were down 4.4 percent from 2022. Gasoline expenditures reached $2.8 billion, down 5.7 percent from the previous year. LP gas reached $1.8 billion.

Farm and ranch production expenditures for Kansas totaled $24.2 billion in 2023, up 2% from a year earlier, according to USDA’s National Agricultural Statistics Service. Livestock expenses, the largest expenditure category, at $9.19 billion, increased 33% from 2022. Feed, the next largest expense category, at $3.47 billion, decreased 28% from 2022. Farm Services, the third largest total expense category at $2.00 billion, increased 21% from 2022.
Livestock expenses accounted for 38% of Kansas’s total production expenditures. Feed accounted for 14, farm services 8, and fertilizer, lime, and soil conditioners 7%. The total expenditures per farm or ranch in Kansas averaged $427,989 in 2023, up 4% from 2022. The Livestock expense category was the leading expenditure, at $162,799 per operation, 5.52 times the national average. Feed expenditures, at $61,470 per operation, were
$19,130 above the national average. Fertilizer and soil conditioners, at $28,344, were $9,397 above the national average. The average rent expenditure, at $23,384, was $4,966 above the national average. These results are based on data from Kansas farmers and ranchers who participated in the Agricultural Resource Management Survey conducted by USDA’s National Agricultural Statistics Service. Producers were contacted in January through April to collect 2023 farm and ranch expenses.

https://usda.library.cornell.edu/concern/publications/qz20ss48r