Thursday, October 27, 2011
A new government report shows the cost of operating a Kansas farm fell slightly in 2010.
Kansas Agricultural Statistics Service reports that statewide farm expenditures totaled $11.7 billion last year, down 2.4 percent from 2009. Those expenses translate to an average of nearly $179,000 per farm in 2010, compared with $183,000 the year before.
The decline in expenditures came despite increases in several farm-related costs. The agency says costs for were up 30 percent for fertilizers and other soil amendments, nearly 13 percent for tractors, 28 percent for rent and more than 17 percent for taxes.
Since the agency began tracking Kansas farm expenditures in 2005, average expenses have risen 38 percent.