U.S. farmers reported total farm production expenses of $424 billion in the 2022 Census of Agriculture, which USDA released on Feb. 13. Production expenses were up 29.9% from $326 billion in the 2017 census. USDA releases its Census of Agriculture every 5 years.
Feed accounted for the highest expense at $88.4 billion and was up 25.7% over 2017, the highest increase of all expense categories. Hired labor costs were up 10.2% to $41.8 billion. The…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
