Farm production expenditures reach record high in 2011, USDA data show
WILLMAR -- According to the most recent data from the U.S. Department of Agriculture, farm production expenditures reached a record-high $318.7 billion in 2011, a 10.2 percent increase over 2010.
In its latest annual report on farm production expenses, USDA estimated that average production expenditures, on a per farm basis, totaled $146,653 in 2011, an increase of 11.3 percent over the previous year.
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