Thursday, August 5, 2010 at 2:17 pm (Updated: August 5, 2:18 pm)
After setting a record high in 2008, U.S. farm production expenditures decreased by nearly $20 billion in 2009 – the first major decline in nearly a quarter century, according to the Farm Production Expenditures 2009 summary released this week by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).
The average production expenditures per farm fell 6.4 percent in 2009, from $140,075 to $131,137. Total U.S. expenditures totaled $287 billion, down from $307 billion in 2008.
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