LINCOLN — 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 Sta tistics 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 na - tional average. Rent expenditures, at $60,889 per operation, were 3.31 times the national average. Farm ser- vices expenditures per operation, at $52,000, were 1.80 times the national average.
These results are based on data from Nebraska farmers and ranchers who participated in the Agricultural Resource Management Survey con- ducted by USDA's National Agri cultural Statistics Service. Producers were contacted in January through April to collect 2023 farm and ranch expenses.
