Average-sized Wisconsin Farm Operation Down
Saturday, August 6th, 2016 -- 7:33 AM
After four consecutive years of increases, the cost of running an average-sized farm operation in Wisconsin went down in 2015.Wisconsin Ag Connection reports that according to the USDA's National Ag Statistics Service, total state farm production expenditures were estimated at $10.9 billion last year--down 16 percent from the record high of $13 billion set in 2014. Feed costs represented the largest single production expense for Wisconsin farmers last year at $1.88 billion. That was down 20 percent. Farm services, the second largest expense, totaled $1.53 billion--about six percent less than the prior year.
Ag economists say every area on the expense column fell on the annual report, with the largest category decrease found in miscellaneous capital expenses, which fell by 43-percent after skyrocketing by 250 percent in 2014. Other decreases were found in tractors and self-propelled equipment, other machinery, seeds & plants, interest expense, fertilizer, lime and chemicals
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