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Report: Total cost of Wisconsin farm production tops $10B in 2012

MADISON, WI (WTAQ) - The total cost of Wisconsin’s farm production went above $10 billion last year.

A new report from the USDA said the Badger State’s total farm costs were just over $10.75 billion. That’s an increase of almost 12.5 percent from the previous year, and bigger than the national jump of 10.4 percent.

Wisconsin’s livestock expenses dropped to 2.7 percent of total farm costs, down from 3.1 percent a year ago. The state’s total livestock costs fell to $290 million during a drought-plagued year, down from $300 million in 2011.

Nationally, the USDA said the average farm spent almost $163,000, up from over $146,000 the year before. Expenses on crop farms jumped 17 percent to over $200,000, while livestock farms spent $129,000 – an increase of 2.4 percent.

Crop farms had rent as their biggest expenses, while feed was the top livestock farm cost.

California had the most farm expenses last year, with $31 billion. Iowa was next at almost $27 billion.