Nebraska Agriculture Expenses Grew 10 Percent in 2011

By: Associated Press
By: Associated Press

The amount of money Nebraska's farmers and ranchers invested in their businesses grew 10 percent last year.

The U.S. Department of Agriculture says Nebraska farmers and ranchers spent $17.32 billion in 2011.

Livestock expenses remained the biggest category accounting for about 21 percent of spending.

Those expenses stayed roughly flat at $3.58 billion.

Land rent grew 8 percent to $2.08 billion in 2011.

The average expenditure per farm or ranch grew 11 percent to $370,085 in 2011. That's up from $333,475 the previous year.

The USDA says the results are based on data from Nebraska farmers and ranchers who took part in the Agricultural Resource Management Study.

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