Farm spending up 5 percent in 2004

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WASHINGTON – According to USDA’s National Agricultural Statistics Service Farm Production Expenditures report, agricultural producers spent $210.7 billion in 2004, an increase of 5.1 percent from 2003.
How much they spent. New data also reveal that the average expenditures per U.S. farm in 2004 were $99,983 compared with $94,542 in 2003.
For the first time, National Agricultural Statistics Service provides state-level expenditure estimates for the 15 leading states with the highest agricultural sales.
The 15 leading cash receipts states accounted for 62.7 percent of the total U.S. farm production expenditures.
Top states. They are: Arkansas , California, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Carolina, Texas, Washington and Wisconsin.
Other notes. Among the report’s other highlights:

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