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Farms Impacted by Inflation?

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. When adjusted for inflation, production expenses are forecast to increase by 1.3 percent from 2022 to 2023, remaining below the record-high level of 2014.

Source: U.S. Department of Agriculture, Economic Research Service


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