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U.S, farmers spent almost $100 billion in 1977 to produce crops, livestock, and poultry, topping the previous year’s $89 billion level, according to the U.S. Department of Agriculture.
Feed, accounting for over 14.8 per cent of the total, was the major expenditure, followed by livestock and poultry purchases at 10.4 per cent; rent at 8.3 per cent; wages at 8.1 per cent; and fertilizer, lime, and soil conditioners at 7.0 per cent.
During February and March, enumerators from the Virginia Crop and Livestock Reporting Service will interview a cross section of Virginia farmers as part of a nationwide program to determine 1978 production costs. Clarence Dunkerley, Virginia agricultural statistician, notes that along with questions concerning outlays for equipment.
93.5%