MADISON, Wisc. — Wisconsin farm production expenditures totaled $14.6 billion in 2023, according to the USDA, National Agricultural Statistics Service – Farm Production
Expenditures 2023 Summary report. This was $35 million above the 2022 total expenditures. Feed expense, down 10 percent to $2.95 billion, represented the largest single production expense in Wisconsin in 2023, accounting for 20 percent of the total. Farm
Services, up 20 percent to $1.98 billion, was the second largest expense and accounted for 14 percent of total expenditures. The largest percentage increases from last year were for Livestock, Poultry and Releated Expenses (up 68 percent), Trucks and Autos (up 42 percent), and Miscellaneous Capital Expenses (up 36 percent). The largest percentage decreases from last year were for Other Farm Machinery (down 36 percent) and Fertilizer, Lime and Soil Conditioners (down 13 percent).
Click here to view the complete report. WI-Farm-Production-Expenditures-07-24
–USDA, NASS
The post Wisconsin Ag News – Farm Production Expenditures appeared first on Morning Ag Clips.