I've heard and read that figure a number of times, but I'm having trouble right now finding the sources.
In the mean time here are some sources that give related info:
link
At about seven and a half minutes in the video, Heinberg mentions the near total dependence of modern ag on oil.
The wiki on ag also has a discussion on oil dependence:
link
"Since the 1940s, agriculture has dramatically increased its productivity, due largely to the use of petrochemical derived pesticides, fertilizers, and increased mechanization (the so-called Green Revolution). Between 1950 and 1984, as the Green Revolution transformed agriculture around the globe, world grain production increased by 250%.[77][78] This has allowed world population to grow more than double over the last 50 years. However, every energy unit delivered in food grown using modern techniques requires over ten energy units to produce and deliver, [79] although this statistic is contested by proponents of petroleum-based agriculture.[80] The vast majority of this energy input comes from fossil fuel sources. Because of modern agriculture's current heavy reliance on petrochemicals and mechanization, there are warnings that the ever decreasing supply of oil (the dramatic nature of which is known as peak oil[81][82][83][84][85]) will inflict major damage on the modern industrial agriculture system, and could cause large food shortages.[86]
Modern or industrialized agriculture is dependent on petroleum in two fundamental ways: 1) cultivation--to get the crop from seed to harvest and 2) transport--to get the harvest from the farm to the consumer's refrigerator. It takes approximately 400 gallons of oil a year per citizen to fuel the tractors, combines and other equipment used on farms for cultivation or 17 percent of the nation's total energy use.[87] Oil and natural gas are also the building blocks of the fertilizers, pesticides and herbicides used on farms. Petroleum is also providing the energy required to process food before it reaches the market. It takes the energy equivalent of a half-gallon of gasoline to produce a two-pound bag of breakfast cereal.[88] And that still does not count the energy needed to transport that cereal to market; it is the transport of processed foods and crops that consumes the most oil. The kiwi from New Zealand, the asparagus from Argentina, the melons and broccoli from Guatemala, the organic lettuce from California, the twinkie from Twinkieville--most food items on the consumer's plate travel average of 1,500 miles just to get there.[89]"
Really, if anything, I would say 95% is low. Where does modern industrial ag depend on any other power source for moving its massive machines around? And don't point to corn ethanol which itself requires such oil inputs to produce that the energy return on energy investment may well be below the break even point of one. Are there lots of combines running on wind, solar, geothermal or other sources of energy?