Iowa farm production expenditures totaled $34.0 billion in 2021, according to the USDA, National Agricultural Statistics Service -- Farm Production Expenditures 2021 Summary report. This was $5.46 billion above the 2020 total expenditures.
Feed expense, up 34 percent to $7.88 billion, represented the largest single production expense in Iowa in 2021, accounting for 23 percent of the total.
Livestock, Poultry, and Related Purchases, up 17 percent to $5.29 billion, was the second largest expense and accounted for 16 percent of total expenditures.
Rent expense was up 4 percent to $3.74 billion and accounted for 11 percent of the total.
The largest percentage increases from last year were for Miscellaneous Capital Expenses (up 125 percent), Tractors and Self-Propelled Farm Machinery (up 74 percent), and Trucks and Autos (up 65 percent).
There were no decreases in any production expenditure in Iowa in 2021.
Categories: Iowa, Business