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Direct Farm Fuel Expenses, Results from a Large Farm Survey

Direct Farm Fuel Expenses, Results from a Large Farm Survey. Robert W. Dubman Survey and Data Coordinator USDA/Economic Research Service. Which farms are most vulnerable from rising prices of fuels?. Direct immediate impact Excludes effects on fertilizer expenses or other inputs

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Direct Farm Fuel Expenses, Results from a Large Farm Survey

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  1. Direct Farm Fuel Expenses, Results from a Large Farm Survey Robert W. Dubman Survey and Data Coordinator USDA/Economic Research Service

  2. Which farms are most vulnerable from rising prices of fuels? • Direct immediate impact • Excludes effects on fertilizer expenses or other inputs • Excludes product price changes • Assumes farmers may be purchasing in bulk or from cooperatives

  3. USDA’s Agricultural Resource Management Survey (ARMS) • Roughly 10,000 samples annually • Phase III • Collects farm financial data • Produces Income statements, balance sheets, and measures of financial performance • Personally enumerated

  4. Questions on whole farm fuel expenses asked annually Details asked in most years Gasoline Diesel Natural gas LP gas Other fuels Electricity

  5. Since 1991, about 5 cents of every dollar of cash expenses went to purchased fuels (gas, diesel, natural gas, LP gas, lubes, and other fuels) Source: 1991 to 2002 ARMS/FCRS

  6. Diesel fuel appears to have gained favor. In 2000-2002 average diesel expenses were twice average gasoline expenses Source: 1991 to 2002 ARMS/FCRS

  7. Survey can categorize farms many ways Region/State Size of operation Major commodity produced Farm operator typology

  8. In 2002, average diesel expenses were highest in Northern Plains. • Average gasoline expenses were highest in the mountain region Source: 2002 ARMS

  9. Gasoline as part of total cash expenses was highest for farms in the Delta region • Diesel as part of total cash expenses was highest for farms in the Southern Plains Source: 2002 ARMS

  10. Larger farms, based on sales, spent more on diesel fuel than gasoline in 2002 Source: 2002 ARMS

  11. Diesel and gasoline expenses as a percentage of total cash expenses are lower for the larger farms Source: 2002 ARMS

  12. Rice, Cotton, Peanut, Vegetable, and Dairy farms had the highest average diesel and gasoline expenses Source: 2002 ARMS

  13. Rice, wheat, peanuts, and soybeans specialized farms have the highest proportion of diesel expenses to total cash expenses • On average, specialized crop farms show higher diesel and gasoline expenses compared to total cash expenses Source: 2002 ARMS

  14. USDA’s Agricultural Resource Management Survey has a wealth of data on farm fuel expenses. Much more than can summarized in a presentation. Multiple years, more breakdowns of fuel types, different categories, and links to the financial performance of the farm operations are available. • Expenses can be translated into physical units and into BTUs. • Please contact me at ERS if this data could help your research.

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