Most notably, livestock and poultry farm-origin expenses have increased 46% and marketing, storage and transportation expenses have increased 59%. Overall, the intermediate expense category, which includes the majority of the farm production inputs, has increased 18% since 2013.
Fertilizer and rent are most likely the two largest costs for all grain farms. Undoubtedly, input costs will be higher in 2022.
The largest expenditures for crop farms are labor at $27.0 billon (13.8 percent), farm services at $26.2 billion (13.4 percent), and rent at $25.1 billion (12.8 percent). Combined crop inputs (chemicals, fertilizers, and seeds) are $56.4 billion, accounting for 28.9 percent of crop farms total expenses