Farm and ranch production expenditures for Nebraska totaled $28.5 billion in 2023, down 1% from a year earlier, according to USDA’s National Agricultural Statistics Service. Livestock expenses, the largest expenditure category, at $7.59 billion, increased 11% from 2022. Feed, the next largest total expense category at $3.45 billion, decreased 24% from 2022. Rent, the third largest expense category, at $2.74 billion, decreased 7% from 2022.
Livestock expenses accounted for 27% of Nebraska’s total production expenditures. Feed
accounted for 12, rent 10, and farm services 8%. The total expenditures per farm or ranch in Nebraska averaged $632,556 in 2023, down 2% from 2022.
The Livestock expense category was the leading expenditure, at $168,667 per operation,
5.72 times the national average. The average feed expenditure, at $76,667, was 1.81 times the
national average. Rent expenditures, at $60,889 per operation, were 3.31 times the national
average. Farm services expenditures per operation, at $52,000, were 1.80 times the national
average.
Farm and ranch production expenditures for Kansas totaled $24.2 billion in 2023, up 2% from a year earlier, the largest expenditure category, at $9.19 billion, increased 33% from 2022. Feed, the next largest expense category, at $3.47 billion, decreased 28% from 2022. Farm Services, the third largest total expense category at $2.00 billion, increased 21% from 2022.
Livestock expenses accounted for 38% of Kansas’s total production expenditures. Feed
accounted for 14, farm services 8, and fertilizer, lime, and soil conditioners 7%.
The total expenditures per farm or ranch in Kansas averaged $427,989 in 2023, up 4% from 2022. The Livestock expense category was the leading expenditure, at $162,799 per operation, 5.52 times the national average. Feed expenditures, at $61,470 per operation, were $19,130 above the national average. Fertilizer and soil conditioners, at $28,344, were $9,397 above the national average. The average rent expenditure, at $23,384, was $4,966 above the national average.
These results are based on data from Kansas and Nebraska farmers and ranchers who participated in the
Agricultural Resource Management Survey conducted by USDA’s National Agricultural
Statistics Service. Producers were contacted in January through April to collect 2023 farm and
ranch expenses.
