#Farm sector #production expenses are #forecast to #increase by $18.2 billion from 2022

#Farm sector #production expenses—including #expenses associated with operator #dwellings—are #forecast to #increase by $18.2 billion (4.1 percent) from 2022 to reach $459.5 #billion in calendar year 2023.

#Fertilizer-lime-#soil conditioner #expenses, the second largest category, are forecast to have reached a record high in 2022 at $42.5 billion. They are expected to remain high at $42.2 billion in 2023, #decreasing by $0.3 billion (or 0.8 percent) as #compared with #2022.

Source: Senate AG Committee