less: Production expenses
Farm production expenses are expenditures incurred by farm operators in the production of agricultural commodities, including livestock and crops. The major categories of production expenses are intermediate product expenses, which provide inputs to the production process (feed, livestock and poultry, seed fertilizer, etc.), labor expenses (cash wages, employer contributions to social security, perquisites and contract labor expenses), and other expenses (interest, net rent paid to nonoperator landlords, capital consumption, property taxes, etc.).
Related Data Tables
For estimates relating to less: Production expenses please see the following tables
- In the annual state personal income and employment category: SA45
- In the county annual personal income and employment category: CA45