$13 b
1998
2023
SEED 25 year change
$11.9b
FUEL 25 year change
253%
255.7%
$11 b
PESTICIDES
CONTRACT LABOR
$9 b
25 year change
116.3%
25 year change
278.2%
HIRED LABOR
FERTILIZER
$7 b
25 year change
183.2%
25 year change
316.8%
ELECTRICITY
$5 b
$4b
$4.2b
25 year change
208.4%
$2.5b $3.2b $2.3b $1.5b $1.6b
$3 b
Inflation from 1998 to 2023 was 117.5%. Rising production costs outpaced inflation by more than double in many categories.
$1.1b
$1 b
$758m $697m $433m $511m
2000
2005
2010
2015
2020
2025
Data Source: Farm Income and Wealth Statistics – Returns to Operators Accessed Via: USDA ERS
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