Farm Expenses Up More Than +7% in 2021
Farm production expenditures in the United States reached an estimate $392.9 billion last year, an increase of +7.3% over 2020. Of the 17-line items tracked by the USDA’s National Agricultural Statistics Service (NASS), 15 showed an increase from the previous year while only “interest” and “seeds and plants” witnessed a decrease. The four largest expenditures …