Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released January 31, 2001, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Agricultural Prices" or other assistance, see page B-33. Prices Received Index Down 2 Points The Preliminary All Farms Products Index of Prices Received in January was 96 based on 1990-92=100, down 2 points (2.0 percent) from the December Index. Lower prices for eggs, cotton, hogs, and soybeans were partially offset by higher prices for cattle, tomatoes, milk, and strawberries. The seasonal change in the mix of commodities farmers sell often affects the overall index. Lower seasonal marketings of cotton, tobacco, grapes, and cottonseed were partially offset by higher marketings of cattle, corn, and soybeans. Compared with January 2000, the All Farm Products Index was 5 points (5.5 percent) higher. Price increases from January 2000 for cattle, milk, cotton, and strawberries were partially offset by lower prices for oranges, apples, potatoes, and lettuce. Prices Paid Index Unchanged The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) was 122 percent of the 1990-92 average. The index was unchanged from December but 4 points (3.4 percent) above January 2000. Lower prices in January for feeder cattle, diesel fuel, feed grains, and hay and forages were offset by higher prices for feed concentrates, complete feeds, nitrogen fertilizers, and insecticides. Index Summary Table -------------------------------------------------------------------------------- : 1999 : 2000 : 2001 Index :-------------------------------------------------------------- 1990-92=100 : Dec : Jan : Dec : Jan -------------------------------------------------------------------------------- : Prices Received : 91 91 98 96 : Prices Paid : 117 118 122 122 : Ratio 1/ : 78 77 80 79 -------------------------------------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid. Pr 1 (1-01) Prices Received by Farmers The January All Farm Products Index was 96 percent of its 1990-92 base, down 2 points from the December index but up 5.5 percent from the January 2000 index. All Crops: The January index was 93, down 3.1 percent from December but 4.5 percent above January 2000. From December, index decreases for cotton, oil-bearing crops, and feed grains and hay more than offset index increases for commercial vegetables, tobacco, and fruit and nuts. Food Grains: The January index, at 94, was unchanged from the previous month but 10.6 percent above January 2000. The January all wheat price, at $2.88 per bushel, was up 1 cent from December and 37 cents above January 2000. Feed Grains & Hay: The January index was 89, down 1.1 percent from last month but 6.0 percent above January 2000. The corn price, at $1.96 per bushel, was down 1 cent from December but up 5 cents from January 2000. The all hay price, at $84.90 per ton, was 20 cents below December but $12.00 above last January. Grain sorghum, at $3.53 per cwt, was down 1 cent from December but 67 cents above January last year. Oil-Bearing Crops: The January index, at 82, was down 6.8 percent from December but unchanged from January 2000. The soybean price, at $4.59 per bushel, decreased 19 cents from December and was 3 cents below January 2000. Cotton: The January index, at 89, was down 7.3 percent from December but 25 percent above January 2000. The January price, at 53.8 cents per pound, was down 4.2 cents from the previous month but up 10.7 cents from last January. Fruit and Nuts: The January fruit and nut index, at 87, was up 2.4 percent from the previous month but was 2.2 percent below January 2000. Since December, prices increased for strawberries and pears. Commercial Vegetables: The January index, at 119, was up 6.3 percent from last month and 23 percent above January 2000. Price increases during January for tomatoes, snap beans, onions, cucumbers, and lettuce more than offset price decreases for broccoli, celery, and cauliflower. Livestock and Products: The January index, at 100, was down 1.0 percent from last month but up 6.4 percent from January 2000. Compared with a year ago, prices were higher for cattle, all milk, eggs, calves, turkeys, and hogs but lower for broilers. Meat Animals: The January index, at 97, was up 2.1 percent from last month and 7.8 percent from a year ago. The January hog price was $37.10 per cwt, down $2.70 from December but up 30 cents from a year ago. The January beef cattle price of $74.60 was up $2.70 from last month and $6.80 from January 2000. December cattle slaughter was down 7 percent from November while hog slaughter has been above a year ago in recent weeks. Dairy Products: The January index, at 103, was up 3.0 percent from December and 12 percent from January 2000. The January all milk price at $13.50 per cwt, was up 40 cents from December and $1.50 from last year. January prices increased for both fluid and manufacturing grade milk. Cheese and butter prices have increased during the second half of January. Poultry and Eggs: The January index, at 105, was down 7.9 percent from December, but 1.0 percent above a year ago. The January broiler price, at 34.0 cents per pound, was down 1.0 cent from December. Demand for broilers was soft compared to other meats. Market egg prices decreased 19.1 cents to 50.3 cents per dozen, a seasonal decrease in prices after the large holiday demand. Turkey prices decreased 3.9 cents to 36.6 cents per pound, following their normal seasonal price trend. Index Numbers of Prices Received, United States, January 2001, with Comparisons ------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2000 : 2001 : 2000 : 2001 :Average:---------------------------------------------- :1990-92: Jan : Dec : Jan : Jan : Dec : Jan ------------------------------------------------------------------------------- : All Farm Products : 639 576 *624 613 91 98 96 : All Crops : 500 437 *472 460 89 96 93 Food Grains : 325 270 *299 298 85 *94 94 Feed Grains & Hay : 363 302 *324 317 84 *90 89 Cotton : 517 364 *490 455 71 *96 89 Tobacco : 1263 1683 1713 1774 111 113 117 Oil-Bearing Crops : 554 451 *481 449 82 88 82 Fruit & Nuts : 716 623 *596 611 89 *85 87 Commercial Vegetables : 698 650 *749 794 97 *112 119 Potatoes & Dry Beans : 540 491 397 393 97 78 78 Other Crops : 493 532 532 532 108 108 108 : Livestock & Products : 768 718 *778 770 94 101 100 Meat Animals : 1021 914 *969 987 90 95 97 Dairy Products : 799 737 *805 830 92 *100 103 Poultry & Eggs : 282 293 321 296 104 114 105 : Food Commodities : 91 98 97 ------------------------------------------------------------------------------- * Revised. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Months, United States, 2000 and 2001 ------------------------------------------------------------------------------- : Index of Prices Received : Index of Prices Paid :--------------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :--------------------------------------------------------------------- : 2000 : 2001 : 2000 : 2001 : 2000 : 2001 : 2000 : 2001 : 2000 : 2001 ------------------------------------------------------------------------------- Jan : 91 96 89 93 94 100 118 122 114 119 Feb : 93 92 94 119 115 Mar : 96 95 96 119 115 Apr : 101 103 100 119 116 May : 102 105 99 119 116 Jun : 99 99 100 120 116 Jul : 97 95 100 119 116 Aug : 97 97 97 119 115 Sep : 98 97 98 120 116 Oct : 93 91 96 121 117 Nov : 98 97 100 121 117 Dec : 98 96 101 122 118 ------------------------------------------------------------------------------- Prices Received, United States, January 2001, with Comparisons ----------------------------------------------------------------------------- : : : Entire Month : Preliminary : : Average :---------------------------------- Commodity : Unit : 1990-92 : Jan : Dec : Jan : : : 2000 : 2000 : 2001 ----------------------------------------------------------------------------- : : Dollars : : Field Crops : : : : Barley, All : Bu : 2.12 2.04 2.19 2.09 Feed : Bu : 1.90 1.63 1.70 1.85 Malting : Bu : 2.43 2.40 2.43 2.32 Beans, Dry Edible : Cwt : 19.10 15.80 14.40 14.70 Corn : Bu : 2.30 1.91 1.97 1.96 Cotton, Upland : Lb : .606 .431 .580 .538 Cottonseed : Ton : 96.00 100.00 110.00 109.00 : : Flaxseed : Bu : 4.27 3.75 3.47 3.55 Hay, All, Baled 1/ : Ton : 76.30 72.90 85.10 84.90 Alfalfa 1/ : Ton : 77.20 76.00 91.00 91.30 Other 1/ : Ton : 60.00 66.10 70.40 69.50 Oats : Bu : 1.22 1.20 1.14 1.17 Peanuts, In-Shell : Lb : .304 .149 .253 .206 Potatoes : Cwt : 5.82 5.91 4.61 4.53 : : Rice, Rough : Cwt : 7.07 6.02 5.60 5.69 Sorghum Grain : Cwt : 3.75 2.86 3.54 3.53 Soybeans : Bu : 5.61 4.62 4.78 4.59 Sunflower 2/ : Cwt : 9.50 7.34 6.44 7.03 Tobacco : Lb : 1.740 1.935 1.970 2.040 : : Wheat, All : Bu : 2.96 2.51 2.87 2.88 Winter : Bu : 2.93 2.32 2.76 2.82 Durum : Bu : 2.86 2.90 3.03 3.09 Other Spring : Bu : 3.11 2.82 2.98 2.99 Hard Red Winter : Bu : 2.29 2.88 Soft Red Winter : Bu : 2.24 2.28 Hard Red Spring : Bu : 2.84 3.04 White : Bu : 3.24 2.55 2.60 : : Fruit : : : : Citrus-Equiv on-tree : : Grapefruit : Box : 5.77 5.03 2.20 1.87 Lemons : Box : 10.10 11.69 4.85 3.31 Limes 3/ : Box : 10.15 Oranges : Box : 5.79 3.55 2.94 2.82 Tangelos : Box : 5.82 1.77 2.19 .490 Tangerines : Box : 15.11 8.44 8.91 11.65 Temples : Box : 6.23 4.97 5.65 : : Non-citrus : : Apples, Fresh 4/ : Lb : .212 .218 .181 .161 Grapes, Fresh 4/ : Ton : 506.00 750.00 Peaches, Fresh 4/ : Lb : .216 Pears, Fresh 4/ : Ton : 370.00 435.00 301.00 340.00 Strawberries, Fresh: Lb : .560 .915 1.32 1.81 ----------------------------------------------------------------------------- 1/ Mid-month price. 2/ KS, MN, ND and SD average. 3/ Current prices not published to avoid disclosure of individual firms. 4/ Equivalent packinghouse-door returns for CA, NY (apples only), OR (pears only) and WA (apples, peaches, and pears). Prices as sold for other states. -- continued Prices Received, United States, January 2001, with Comparisons (continued) ----------------------------------------------------------------------------- : : : Entire Month : Preliminary : : Average :---------------------------------- Commodity : Unit : 1990-92 : Jan : Dec : Jan : : : 2000 : 2000 : 2001 ----------------------------------------------------------------------------- : : Dollars : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 147.00 180.00 124.00 Broccoli : Cwt : 22.50 22.60 34.20 21.70 Cantaloupes 2/ : Cwt : 13.90 Carrots : Cwt : 13.20 8.87 15.50 15.90 Cauliflower : Cwt : 26.80 23.10 28.00 26.30 Celery : Cwt : 11.60 19.20 21.50 16.90 Corn, Sweet : Cwt : 15.70 28.60 31.90 35.10 Cucumbers 2/ : Cwt : 25.40 21.70 28.90 Lettuce : Cwt : 11.90 14.60 12.00 12.40 Onions : Cwt : 12.80 6.79 11.60 13.50 Snap Beans 2/ : Cwt : 41.60 41.60 83.70 Tomatoes : Cwt : 32.30 22.50 33.00 48.80 : : Livestock : : : : Calves : Cwt : 94.30 103.00 106.00 108.00 Cattle, All Beef : Cwt : 72.90 67.80 71.90 74.60 Cows : Cwt : 49.60 35.90 36.50 38.40 Steers & Heifers : Cwt : 77.10 71.60 76.80 79.30 Milk Cows 3/ : Head : 1130.00 1330.00 1320.00 : : Hogs, All : Cwt : 47.70 36.80 39.80 37.10 Barrows & Gilts : Cwt : 48.40 37.00 40.30 37.40 Sows : Cwt : 39.50 32.80 30.70 31.10 : : Lambs : Cwt : 56.20 70.90 71.80 Sheep : Cwt : 23.40 36.80 36.20 : : Dairy and Poultry : : : : Milk, All 4/ : Cwt : 13.06 12.00 13.10 5/13.50 Fluid Grade : Cwt : 13.10 12.00 13.10 5/13.50 Mfg Grade : Cwt : 11.80 10.70 10.80 5/10.90 : : Broilers, Live 6/ : Lb : .317 .350 .350 .340 Eggs, All 7/ : Doz : .643 .580 .833 .672 Market 7/ : Doz : .546 .397 .694 .503 Turkeys, Live 6/7/ : Lb : .380 .364 .405 .366 ----------------------------------------------------------------------------- Adjusted for Seasonal : : Variation : : Eggs, All : Doz : .545 .523 .757 .584 Milk, All 4/ : Cwt : 9.71 11.88 12.48 13.37 ----------------------------------------------------------------------------- 1/ F.O.B. shipping point. 2/ Monthly estimates began January 1995. 3/ Animals sold for dairy herd replacement only. Prices available for Jan, Apr, Jul, and Oct. 4/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 5/ Fat test percent: all milk 3.80, fluid milk 3.80, mfg grade 3.94. 6/ Liveweight equivalent price. 7/ Mid-month price. Wheat: Prices Received, by States, December 2000 and January 2001 ------------------------------------------------------------------------------- : All Wheat : Winter Wheat : Durum Wheat : Oth Spring Wheat State :------------------------------------------------------------------------ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ ------------------------------------------------------------------------------- : Dollars per Bushel : AR : 2.47 2.58 2.47 2.58 CA : 3/ 3/ 3/ 3/ 3/ 3/ CO : 2.96 3.01 2.97 3.01 2.60 4/ ID : 2.70 2.77 2.52 2.65 2.88 2.95 IL : 2.26 2.40 2.26 2.40 IN : 2.42 2.40 2.42 2.40 KS : 2.88 3.01 2.88 3.01 MI : 2.02 2.35 2.02 2.35 MN : 3.04 3.10 3/ 4/ 3/ 4/ 3.04 3.10 MO : 2.37 2.50 2.37 2.50 MT : 3.12 3.13 2.99 3.00 3.88 3.85 3.14 3.15 NE : 2.89 2.95 2.89 2.95 ND : 2.93 2.96 2.44 2.50 2.94 3.00 2.92 2.95 OH : 2.20 2.35 2.20 2.35 OK : 2.81 2.97 2.81 2.97 OR : 2.71 2.68 2.68 2.65 2.93 2.90 SD : 2.77 2.83 2.69 2.85 4/ 4/ 2.86 2.81 TX : 2.68 2.88 2.68 2.88 WA : 2.82 2.63 2.74 2.60 3.10 2.80 : US : 2.87 2.88 2.76 2.82 3.03 3.09 2.98 2.99 ------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Price not published to avoid disclosure of individual firms. 4/ Insufficient sales to establish a price. Prices Received for Selected Agricultural Commodities, by Months, United States, 2000 and 2001 ------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 1/: All Hogs Month:------------------------------------------------------------------------- : 2000 :2001 2/:2000 :2001 2/: 2000 :2001 2/: 2000 :2001 2/: 2000 :2001 2/ ------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ---- Dollars per Cwt ----- : Jan : 2.51 2.88 1.91 1.96 4.62 4.59 67.80 74.60 36.80 37.10 Feb : 2.54 1.98 4.79 67.60 39.90 Mar : 2.59 2.03 4.91 69.80 41.80 Apr : 2.57 2.03 5.00 71.30 47.30 May : 2.59 2.11 5.19 69.40 48.50 Jun : 2.50 1.91 4.93 68.50 48.60 Jul : 2.32 1.64 4.53 67.50 48.50 Aug : 2.41 1.52 4.45 65.50 43.80 Sep : 2.44 1.61 4.57 65.30 41.50 Oct : 2.68 1.74 4.45 66.70 41.40 Nov : 2.83 1.86 4.55 69.10 36.40 Dec : 2.87 1.97 4.78 71.90 39.80 ------------------------------------------------------------------------------- 1/ Cows, steers and heifers. 2/ Current month prices are mid-month; prices for previous months are for the entire month. Grains: Prices Received, by States, December 2000 and January 2001 ------------------------------------------------------------------------------ : Barley 1/ : Corn : Oats : Soybeans : Sorghum Grain State :----------------------------------------------------------------------- :Dec 2/:Jan 3/:Dec 2/:Jan 3/:Dec 2/:Jan 3/:Dec 2/:Jan 3/: Dec 2/: Jan 3/ ------------------------------------------------------------------------------ : ----------------- Dollars per Bushel ---------------- Dollars per Cwt : AL : AR : 4.94 4.78 3.91 3.90 CA : 2.34 2.45 CO : 1.84 1.89 2.10 2.10 GA : 2.44 2.38 4.64 4.40 ID : 2.62 2.44 IL : 2.03 2.00 1.50 1.50 4.86 4.70 3.78 3.70 IN : 2.06 1.95 4.93 4.59 IA : 1.89 1.85 1.40 1.30 4.75 4.47 KS : 2.09 2.03 4.70 4.45 3.49 3.32 KY : 2.23 2.20 4.94 4.85 LA : 4.97 4.69 MI : 1.88 1.90 1.36 1.40 4.73 4.60 MN : 1.78 1.82 1.79 1.80 1.05 1.10 4.59 4.40 MS : 4.92 4.65 MO : 1.93 2.00 4.78 4.65 3.34 3.40 MT : 2.49 2.62 1.08 1.00 NE : 1.99 1.95 1.34 1.40 4.69 4.40 3.40 3.45 NC : 2.09 2.15 4.55 4.40 ND : 1.76 1.77 .86 .90 OH : 2.02 2.00 1.27 1.35 4.99 4.75 OK : 3.27 3.30 OR : 2.13 2.15 1.31 1.35 PA : 2.10 2.20 1.52 1.55 SD : 2.03 2.08 1.69 1.70 1.20 1.19 4.43 4.27 TN : 2.22 2.25 4.97 4.95 TX : 2.25 2.29 4/ 3.83 3.91 UT : 2.02 2.09 WA : 2.14 1.99 WI : 1.87 1.90 .95 1.00 4.78 4.50 WY : 2.73 2.78 : US : 2.19 2.09 1.97 1.96 1.14 1.17 4.78 4.59 3.54 3.53 ------------------------------------------------------------------------------ 1/ The Three-State (MN, ND and SD) Feed Barley price for January 2001 is $1.60. 2/ Entire month. 3/ Mid-month. 4/ Price not published to avoid disclosure of individual firms. Malting and Feed Barley: Prices Received Selected States, December and January 2001 ------------------------------------------------------------------------------ : Malting Barley : Feed Barley State :----------------------------------------------------------------------- : Dec : Jan : Dec : Jan ------------------------------------------------------------------------------ : Dollars per Bushel : ID : 1/ 1/ 1.88 1.90 MN : 1.81 1.85 1/ 1/ MT : 2.73 2.80 1.69 1.75 ND : 1.93 1.90 1.58 1.60 SD : 2.10 2.09 1.59 1.72 WY : 1/ 1/ 1.90 1.90 ------------------------------------------------------------------------------ 1/ Price not published to avoid disclosure of individual firms. 2/ Insufficient sales to establish a price. Field Crops: Prices Received, by States, December 2000 and January 2001 ------------------------------------------------------------------------------ : Dry Edible : : : : : Beans : Sunflower : Flaxseed : Tobacco : Peanuts 4/5/ State :----------------------------------------------------------------------- :Dec 1/:Jan 2/:Dec 1/:Jan 2/:Dec 1/:Jan 2/:Dec 1/:Jan 3/: Dec 1/: Jan 3/ ------------------------------------------------------------------------------ : ---- Dollars per Cwt ---- Dollars per Bu --- Dollars per Pound --- : AL : .243 7/ CA : 26.60 26.90 CO : 15.60 15.10 FL : .239 7/ GA : .178 7/ ID : 17.00 17.00 IN : 1.975 1.910 KS : 7/ 7/ KY : 1.985 2.025 MD : MI : 13.00 12.50 MN : 16.00 15.50 8.23 8.37 MO : 1.870 NE : 14.80 14.90 NC : 1.970 1.945 .206 .225 ND : 12.10 11.50 7.18 7.40 3.47 3.55 OH : 1.935 1.920 OK : SC : SD : 5.27 6.00 7/ 7/ TN : 1.960 2.130 TX : 7/ 7/ VA : 1.870 1.900 .232 .205 WV : : US : 14.40 14.70 6.44 7.03 3.47 3.55 1.970 2.040 .253 .206 ------------------------------------------------------------------------------ 1/ Entire month. 2/ Mid-month. 3/ Based on sales through first half of month. 4/ In-shell. 5/ Includes additional loan peanuts at loan value. 6/ Sales volume insufficient to establish a state price, but all sales included in U.S. price. 7/ Price not published to avoid disclosure of individual firms. Tobacco: Prices Received, by Area and Type, January 2001, with Comparisons ------------------------------------------------------------------------------ : : Jan : Dec : Jan Class by Type : Type : 2000 : 2000 : 2001 1/ ------------------------------------------------------------------------------ : : Dollars per Pound Fire-cured : : VA Belt : 21 : 1.680 1.660 1.660 Eastern District : 22 : 2.225 2/ 2.365 Western District : 23 : 2.225 2/ 2.190 Total Fire-cured : 21-23: 2.200 1.660 2.290 : : Light Air-Cured : : Burley : 31 : 1.895 1.970 1.945 Total Light Air-Cured : 31-32: 1.895 1.970 1.945 : : Dark Air-cured : : One Sucker Belt : 35 : 1.800 2.040 1.970 Green River Belt : 36 : 1.990 1.960 2.000 Sun-cured Belt : 37 : 1.610 1.830 1.720 Total Dark Air-cured : 35-37: 1.880 2.020 1.980 : : US : 11-37: 1.910 1.970 2.040 ------------------------------------------------------------------------------ 1/ Based on sales during the first half of the month. 2/ Sales of Types 22 & 23 began Jan 24, 2001. Field Crops and Apples: Prices Received, by States, December 2000 and January 2001 ---------------------------------------------------------------------------- : : January : Cotton, Upland :------------------------------------------------- State : : Cotton- : Hay, Baled 3/ : Apples :-------------------: seed :----------------------------: Fresh : Dec 1/ : Jan 2/ : 5/ : All : Alfalfa : Other : Use 1/4/ ---------------------------------------------------------------------------- : Dollars per Pound -------- Dollars per Ton ------- Dol/Lb : AL : 6/ 6/ 83.00 AZ : .575 6/ 124.00 89.00 89.00 83.00 AR : .615 .615 CA : .694 6/ 136.00 98.00 101.00 71.00 .124 CO : 98.00 99.00 91.00 GA : .579 .575 92.00 ID : 87.00 88.00 66.00 IL : 84.00 89.00 66.00 IA : 84.00 86.00 62.00 KS : 87.00 93.00 61.00 KY : 75.00 110.00 65.00 LA : .563 .559 MI : 59.00 60.00 50.00 .160 MN : 63.00 73.00 45.00 MS : .522 .549 MO : 71.00 106.00 64.00 MT : 89.00 90.00 82.00 NE : 78.00 81.00 67.00 NV : 98.00 97.00 103.00 NM : 128.00 130.00 110.00 NY : 106.00 130.00 90.00 .160 NC : .601 .597 89.00 ND : 46.00 48.00 34.00 OH : 88.00 110.00 55.00 .260 OK : 83.00 97.00 62.00 OR : 93.00 96.00 84.00 PA : 108.00 122.00 97.00 .230 SD : 71.00 75.00 51.00 TN : .534 .534 TX : .483 .483 107.00 67.00 147.00 63.00 UT : 81.00 82.00 52.00 VA : .190 WA : 105.00 94.00 137.00 .157 WI : 58.00 65.00 35.00 WY : 91.00 92.00 85.00 : US : .580 .538 109.00 84.90 91.30 69.50 .161 ---------------------------------------------------------------------------- 1/ Entire month. 2/ Based on sales during the first half of the month. 3/ Mid-month. 4/ Equivalent packinghouse-door returns for CA,MI,NY and WA. Price at point of first sale for other states. 5/ Marketing year August-February. 6/ Price not published to avoid disclosure of individual firms. Upland Cotton and Rice: Prices Received and Marketings, United States, January 2001, with Comparisons ---------------------------------------------------------------------------- Item : Unit : Nov 2000 1/ : Dec 2000 1/ :Jan 2001 2/ ---------------------------------------------------------------------------- : : Cotton, Upland : : Average Price : Dollars/Pound : .580 .580 .538 Marketings 3/ : 1,000 Bales : 1434 1524 NA : : Rice : : Average Price : Dollars/Cwt : 5.63 5.60 5.69 Marketings 4/ : 1,000 Cwt : 12191 12427 NA ---------------------------------------------------------------------------- 1/ Entire month. 2/ Based on purchases for the first half of the month. 3/ Expanded data from sample of about 60 percent of buyers. 4/ Purchases by private firms and rice (rough equivalent) shipped by cooperatives. Citrus Fruit: Prices and Equivalent Returns, by Utilization, by State and United States, January 2001 ------------------------------------------------------------------------------ : : Equivalent Returns Commodity : F.O.B. :----------------------------------------------- And : Packed : Packinghouse-door : On-tree State : Fresh :----------------------------------------------- : : All : Fresh : Process : All : Fresh :Process ------------------------------------------------------------------------------ : Dollars per Box 1/ Grapefruit : AZ : 12.30 5.92 6.86 0.28 3.98 4.92 -1.66 : CA : 18.00 11.89 12.56 0.28 9.95 10.62 -1.66 : FL : 12.90 3.84 4.93 2.60 1.64 2.93 0.18 White Seedless : 14.10 3.76 5.40 2.75 1.57 3.40 0.45 Colored Seedless: 12.60 3.88 4.80 2.50 1.67 2.80 0.00 : TX : 13.50 2.75 3.90 0.60 1.62 2.75 -0.50 : US : 13.30 3.89 5.09 2.33 1.87 3.26 0.08 : Lemons : AZ : 20.30 6.68 11.86 1.12 3.04 8.22 -2.52 CA : 19.70 7.12 11.26 1.12 3.48 7.62 -2.52 : US : 19.90 6.95 11.47 1.12 3.31 7.83 -2.52 : Oranges : AZ : Navel and Misc : 16.90 7.36 10.88 0.04 5.38 8.90 -1.94 : CA : Navel and Misc : 16.50 9.40 10.48 0.04 7.42 8.50 -1.94 : FL : Early and Mids : 12.20 4.22 4.80 4.20 2.41 2.80 2.40 : TX : Early and Mids : 11.00 1.76 1.30 2.12 0.48 0.00 0.87 : US : 15.10 4.64 8.53 4.14 2.82 6.58 2.35 : Tangelos : FL : 13.50 3.03 5.90 2.00 0.49 3.50 -0.60 : Tangerines : AZ : 29.80 17.81 23.90 0.84 15.73 21.82 -1.24 CA : 25.00 13.01 19.10 0.84 10.93 17.02 -1.24 FL : 27.10 13.87 18.40 2.80 10.35 15.00 -1.00 : US : 27.30 14.53 19.80 1.92 11.65 16.98 -1.11 : Temples : FL : 16.80 7.62 9.60 4.00 5.65 7.70 1.90 ------------------------------------------------------------------------------ 1/ Net lbs. per box: Grapefruit-AZ & CA-67, FL-85, TX-80; Lemons-76; Oranges-AZ & CA-75, FL-90, TX-85; Tangelos & Temples-90; Tangerines-AZ & CA-75, FL-95. Potatoes: Prices Received, by States, December 2000 and January 2001 ------------------------------------------------------------------------------ : : :: : : State : Dec : Jan :: State : Dec : Jan : : :: : : ------------------------------------------------------------------------------ : Dollars per Cwt :: : Dollars per Cwt : :: : AL : :: NC : AZ : :: ND - All 1/ : 4.90 5.50 CA - All : 11.80 8.65 :: - Fresh 2/ : 5.40 NA - Winter : 21.60 21.50 :: - Processing : 4.70 NA - Spring : :: OH : 7.40 7.30 - Summer : :: OR : 4.50 4.55 - Fall : 5.50 5.45 :: PA : 8.40 7.90 CO - All 1/ : 2.40 2.40 :: TX : - Fresh 2/ : 2.28 NA :: VA : FL : :: WA - All : 4.35 4.50 ID - All 1/ : 3.75 3.55 :: - Processing : 4.45 NA - Fresh 2/ : 2.40 NA :: WI - All 1/ : 3.80 4.00 - Processing : 4.90 NA :: - Fresh 2/ : 3.00 NA ME : 5.65 5.80 :: - Processing : 4.60 NA MI : 6.55 6.80 :: : MN : 4.30 4.85 :: US - All 1/ : 4.61 4.53 NY : 8.90 8.70 :: - Fresh 2/ : 4.08 NA : :: - Processing : 5.03 NA ------------------------------------------------------------------------------ 1/ Average price of potatoes sold for all uses, including table stock, processing, seed and livestock feed. 2/ Fresh market prices only, includes table stock prices. Cattle: Prices Received, by States, December 2000 and January 2001 ------------------------------------------------------------------------------ : Cows 1/ : Steers & Heifers: Beef Cattle 4/ : Calves State :----------------------------------------------------------------------- : Dec 2/ : Jan 3/ : Dec 2/ : Jan 3/ : Dec 2/ : Jan 3/ : Dec 2/ : Jan 3/ ------------------------------------------------------------------------------ : Dollars per Cwt : AZ : 33.40 37.00 73.90 76.90 72.70 76.50 104.00 107.00 AR : 33.30 35.70 79.80 79.80 65.90 66.60 96.30 99.60 CA : 34.00 37.50 76.00 78.00 50.80 54.10 93.00 96.00 CO : 39.10 39.60 77.50 82.50 74.40 79.10 106.00 110.00 FL : 36.50 39.00 79.90 84.00 48.70 51.60 100.00 104.00 GA : 37.60 37.60 79.20 80.10 52.20 52.50 102.00 102.00 ID : 34.90 38.70 76.10 80.10 64.60 68.90 98.00 102.00 IL : 36.60 37.50 73.40 76.40 72.70 75.60 108.00 109.00 IA : 37.90 37.80 73.40 74.40 73.00 74.00 98.20 98.50 KS : 36.40 38.00 78.10 81.60 76.80 79.90 107.00 111.00 KY : 36.00 38.00 83.00 84.00 71.70 73.00 94.00 98.00 LA : 35.70 37.00 81.20 84.00 50.30 51.10 99.50 103.00 MI : 35.00 37.00 63.80 66.30 55.20 57.50 90.00 98.00 MN : 38.00 40.00 68.70 72.00 62.30 65.30 90.30 91.00 MO : 35.20 37.60 88.20 90.10 77.10 74.40 103.00 104.00 MT : 35.40 36.70 90.60 91.70 77.40 86.20 101.00 106.00 NE : 37.90 41.50 74.90 74.90 73.80 73.90 107.00 110.00 NM : 41.10 41.50 89.80 89.90 67.90 69.10 104.00 106.00 ND : 35.70 35.00 86.60 87.60 74.90 77.10 95.70 97.00 OH : 36.20 37.00 69.40 70.00 66.10 66.70 93.60 94.00 OK : 36.10 37.80 90.20 90.20 82.00 82.30 103.00 103.00 OR : 36.90 39.10 82.20 82.80 68.60 69.70 90.20 94.90 PA : 37.50 39.60 71.30 74.70 62.50 65.60 111.00 108.00 SD : 34.90 33.90 87.40 88.70 73.80 79.40 107.00 109.00 TN : 35.00 36.00 82.00 85.00 63.20 65.40 96.00 98.00 TX : 36.10 36.70 78.90 81.50 75.10 77.50 111.00 112.00 VA : 33.20 34.40 78.50 83.10 59.00 62.20 93.70 96.90 WI : 37.10 38.60 71.60 73.40 51.60 53.20 119.00 120.00 WY : 38.60 39.50 93.10 94.70 78.40 83.70 106.00 108.00 : US : 36.50 38.40 76.80 79.30 71.90 74.60 106.00 108.00 ------------------------------------------------------------------------------ 1/ Beef cows and cull dairy cows sold for slaughter. 2/ Entire month. 3/ Mid-month. 4/ "Cows" and "steers and heifers" combined. Hogs: Prices Received, by States, December 2000 and January 2001 ------------------------------------------------------------------------------ : Sows : Barrows and Gilts : All Hogs State :----------------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ ------------------------------------------------------------------------------ : Dollars per Cwt : AR : 30.10 31.60 37.80 34.10 37.00 33.90 IL : 31.00 31.40 38.90 36.00 38.30 35.60 IN : 31.90 32.00 38.20 35.50 37.60 35.20 IA : 33.50 34.30 41.60 39.10 41.40 39.00 KS : 31.80 34.30 39.00 35.90 38.10 35.70 MI : 29.50 29.00 38.90 37.30 38.10 36.60 MN : 30.50 30.00 42.00 39.50 41.80 39.30 MO : 29.20 31.10 37.50 35.00 36.90 34.70 NE : 32.50 31.00 41.50 38.20 41.30 38.10 NC : 29.30 29.30 40.30 36.10 40.20 36.00 OH : 32.30 31.00 40.40 38.00 39.60 37.60 OK : 29.60 29.50 36.70 33.70 35.70 33.10 PA : 28.00 28.50 37.40 35.50 36.00 34.50 SD : 30.00 28.50 41.70 40.00 40.40 38.50 TX : 28.90 29.10 36.70 35.00 35.20 33.90 WI : 27.40 28.90 35.90 34.10 34.80 33.40 : US : 30.70 31.10 40.30 37.40 39.80 37.10 ------------------------------------------------------------------------------ 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by States, December 2000 and January 2001 ------------------------------------------------------------------------------ : December : January :----------------------------------------------------------------------- State : Sheep : Lambs : Turkeys : Eggs : 1/ : 1/ : 2/3/ : 2/4/ ------------------------------------------------------------------------------ : ---- Dollars per Cwt ---- Dollars per Pound Dol/Doz : AL : .530 AR : .37 .380 CA : 34.00 68.00 .46 .560 CO : 38.10 68.00 CT : .610 DE : FL : .540 GA : .479 ID : 35.00 69.00 IN : .35 .530 IA : 44.40 63.00 .374 KS : 32.20 68.00 ME : .710 MD : MI : .460 MN : 29.00 71.20 .34 .420 MS : .600 MO : .38 .370 MT : 36.50 88.40 NE : 37.00 60.00 NY : .603 NC : .36 .429 ND : 31.80 73.60 OH : 33.30 73.50 .550 OR : 26.00 78.00 PA : .570 SC : .510 SD : 39.10 82.40 TX : 45.00 73.30 .490 UT : 33.00 75.00 VA : .36 WA : .596 WY : 38.10 81.50 : US : 36.20 71.80 .366 .503 ------------------------------------------------------------------------------ 1/ Entire month. 2/ Mid-month. 3/ IN, IA, MN and PA are actual liveweight prices. All other State prices are equivalent liveweight returns to producers derived from ready-to-cook (RTC) prices using the following formula: (RTC price minus processing cost) * (dressing percentage) = liveweight equivalent price. 4/ Market (table) eggs. Milk and Milk Cows: Prices Received, by States, December 2000 and January 2001 ------------------------------------------------------------------------------ : December : January :----------------------------------------------------------------------- State : Fluid Grade : Manufacturing : All Milk : All Milk : : Milk 1/ : Grade Milk : 2/ : 2/3/ : Milk :---------------------------------------------------------------:Cows 4/ : Price:Fat Test: Price:Fat Test: Price:Fat Test: Price:Fat Test: ------------------------------------------------------------------------------ :Dol/Cwt Pct Dol/Cwt Pct Dol/Cwt Pct Dol/Cwt Pct Dol/Head : AZ : 12.70 3.73 12.70 3.73 13.50 3.69 1430 CA : 12.40 3.84 11.70 4.33 12.39 3.84 12.30 3.81 1480 FL : 16.40 3.69 16.40 3.69 18.30 3.69 1440 ID : 10.90 3.71 10.20 3.84 10.90 3.71 11.10 3.66 1320 IL : 11.50 3.85 11.50 3.79 11.50 3.85 11.50 3.82 1250 IN : 14.40 3.83 10.60 4.02 14.20 3.84 14.90 3.86 1200 IA : 12.80 3.88 10.70 4.00 12.70 3.89 12.90 3.85 1190 KY : 14.70 3.83 9.50 4.03 14.60 3.83 14.90 3.84 1320 MI : 13.20 3.81 13.50 3.86 13.20 3.81 14.10 3.81 1200 MN : 12.70 3.83 10.60 3.89 12.60 3.83 12.90 3.80 1180 MO : 12.70 3.85 10.00 3.98 12.60 3.86 13.40 3.85 1180 NM : 12.90 3.73 12.90 3.73 13.50 3.74 1400 NY : 14.40 3.82 14.40 3.82 14.30 3.80 1250 OH : 13.10 3.87 11.60 3.91 13.00 3.87 13.50 3.86 1300 PA : 14.70 3.85 10.00 3.90 14.70 3.85 16.50 3.80 1370 TX : 14.30 3.84 14.30 3.84 14.50 3.81 1400 VT : 14.60 3.82 14.60 3.82 14.40 3.80 1320 VA : 15.20 3.80 15.20 3.80 16.70 3.81 1380 WA : 13.10 3.76 13.10 3.76 13.40 3.72 1290 WI : 12.60 3.86 10.60 3.98 12.50 3.87 12.70 3.84 1250 : US : 13.10 3.82 10.80 3.98 13.10 3.83 13.50 3.80 1320 ------------------------------------------------------------------------------ 1/ Including milk diverted to manufacturing. 2/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 3/ Preliminary. 4/ Animals sold for dairy herd replacement only. Prices published Jan, Apr, Jul and Oct. Parity Price Equivalent for Manufacturing Milk 1/: United States, December 2000 and January 2001, with Comparisons ------------------------------------------------------------------------------ Item : Jan 2000 : Dec 2000 : Jan 2001 ------------------------------------------------------------------------------ : Parity Equivalent.........Dol per Cwt : 28.30 29.02 29.12 Average Price F.O.B.......Dol per Cwt : 10.70 10.80 2/10.90 Average Fat Test of Milk..Percent : 3.86 3.98 2/3.94 ------------------------------------------------------------------------------ 1/ The parity price equivalent during 2001 is 91.0 percent of the parity price of all milk sold to plants, compared with 90.4 percent in 2000. For additional details, see "Parity Price Equivalent for Manufacturing Grade Milk" in this issue. 2/ Preliminary. United States Parity Prices for Farm Products and Average Prices Received as Percent of Parity Prices Based on Data for January 2001, with Comparisons 1/ ------------------------------------------------------------------------------- : : Parity Prices :Prices as Percent :Adjusted: Based on Data for : of Parity Commodity and Unit : Base :------------------------------------------ : Prices : Jan : Dec : Jan : Jan : Dec : Jan : : 2000 : 2000 : 2001 : 2000: 2000: 2001 ------------------------------------------------------------------------------- : ----------- Dollars ---------- ---- Percents ---- Basic Commodities : All Wheat, Bu : .589 9.59 9.84 9.61 26 29 26 Rice, Cwt : 1.64 28.30 29.10 26.70 21 19 23 Corn, Bu : .402 6.61 6.78 6.56 29 29 29 Cotton, Lb : American Upland : .102 1.76 1.81 1.66 24 32 26 Extra Long Staple : .142 2.25 2.31 2.32 Peanuts, Lb : .0414 .671 .688 .675 22 37 22 Tobacco, By Type, Lb : Flue-Cured 11-14 : .256 3.98 4.09 4.18 VA Fire-Cured, 21 : .257 4.00 4.10 4.19 42 41 KY-TN Fire-Cured, 22-23 : .323 5.01 5.14 5.27 48 Burley, 31 : .273 4.25 4.36 4.45 45 45 Maryland, 32 : .225 3.60 3.70 3.67 Dark Air-Cured, 35-36 : .273 4.28 4.39 4.45 45 46 Sun-Cured, 37 : .232 3.64 3.73 3.78 44 49 PA Seedleaf, 41 : .190 3.02 3.10 3.10 Cigar Filler & Binder, : 42-44, 54-55 : .218 3.34 3.42 3.56 Puerto Rican Filler, 46 : .173 2.72 2.79 2.82 Cigar Binder, 51-52 : .652 9.63 9.88 10.60 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt : 1.96 31.30 32.10 32.00 2/38 2/39 2/42 Honey, Extracted, Lb : 3/.0918 1.42 1.46 1.50 : Wool and Mohair : Wool, Lb : .101 1.79 1.84 1.65 Mohair, Lb : .269 3.78 3.88 4.39 : Other Nonbasic : Barley, Bu : .393 5.90 6.06 6.41 35 36 32 Cottonseed, Ton : 15.50 246.00 252.00 253.00 41 44 40 Dry Edible Beans, Cwt : 2.92 49.00 50.20 47.60 32 29 33 Flaxseed, Bu : .690 11.60 11.90 11.30 32 29 33 Oats, Bu : .230 3.35 3.44 3.75 36 33 32 Potatoes, Cwt : .831 13.40 13.80 13.60 44 33 43 Rye, Bu : .335 5.16 5.30 5.46 Sorghum Grain, Cwt : .689 10.40 10.70 11.20 28 33 26 Soybeans, Bu : .876 13.80 14.20 14.30 33 34 32 Sweetpotatoes, Cwt : 2.09 32.60 33.40 34.10 6 Apples, Fresh, Lb 4/ : .0298 1.46 1.50 .486 15 12 33 Citrus (equiv on-tree),box: Grapefruit : .493 8.14 8.35 8.04 62 26 23 Lemons : 1.20 19.20 19.70 19.60 61 25 17 Limes (FL) : 1.27 20.50 21.00 20.70 Oranges : .695 11.50 11.80 11.30 31 25 25 Tangerines : 1.68 28.30 29.10 27.40 30 31 43 Temples (FL) : .591 9.99 10.30 9.64 50 59 Beef Cattle, Cwt : 9.65 153.00 157.00 157.00 44 46 48 Calves, Cwt : 12.70 197.00 202.00 207.00 52 52 52 Hogs, Cwt : 6.29 101.00 104.00 103.00 36 38 36 Lambs, Cwt : 10.60 162.00 166.00 173.00 44 42 Sheep, Cwt : 4.42 67.10 68.80 72.10 55 50 Eggs, Doz : .0949 1.50 1.54 1.55 2/35 2/49 2/38 Turkeys, Live, Lb : .0585 .913 .937 .954 40 43 38 ------------------------------------------------------------------------------- --continued Parity Prices Based on Data for January 2001, United States 1/ (continued) ------------------------------------------------------------------------------- Other Nonbasic : Adj Base : Parity : Other Nonbasic : Adj Base : Parity Commodities : Prices : Prices : Commodities : Prices : Prices ------------------------------------------------------------------------------- : Dollars : : Dollars : : : Field Crops and : :Noncitrus Fruit : Misc Commodities : : Peaches, cont. : Hops, Lb : .251 4.09 : Processing 5/ : Spearmint Oil, Lb: 1.71 27.90 : Excl Dried : Tobacco, Lb : : Clingstone, : Type 61 : 2.66 43.40 : CA, Ton : 32.50 530.00 : : Pears, Ton : Noncitrus Fruit : : Fresh 4/ : 52.00 848.00 Apples, Ton 6/ : : Dried, CA 6/ : 155.00 2530.00 Processing : 19.60 320.00 : Plums, CA, Ton : Apricots, Ton : : Fresh, Equiv : Fresh 7/ : 110.00 1790.00 : on-Tree : 54.50 889.00 Dried, CA : 295.00 4810.00 : Prunes, Dried, : Avocados, Ton 7/ : 210.00 3430.00 : CA, Ton 6/ : 139.00 2270.00 Cherries : : Prunes and Plums,: Sweet, Ton : 170.00 2770.00 : Excl CA, Ton : Tart, Lb : .0270 .440 : Fresh 9/ : 52.90 863.00 Cranberry, Bbl 5/: 7.07 115.00 : Processing 6/ : Dates, CA, Ton 7/: 150.00 2450.00 : Excl Dried : 24.40 398.00 Grapes, Ton : : : Raisin Variety : 152.00 2480.00 :Tree Nuts 10/ : Other Dried : 63.00 1030.00 : Almonds, Lb : .225 3.67 Kiwifruit, Ton : 76.10 1240.00 : Hazelnuts, Ton : 120.00 1960.00 Nectarines : : Pistachio, Lb : .161 2.63 Fresh, Calif, : : Walnuts, Ton : 180.00 2940.00 Ton 7/ : 62.70 1020.00 : : Olives, CA : :Vegetables, Cwt 11/: Canning, Ton 5/: 96.50 1570.00 : Fresh : Papayas (HI) Lb : .0522 .851 : Carrots 8/ : 1.93 31.50 Peaches : : Cauliflower 8/ : 4.47 72.90 Fresh, Lb 4/ : .0382 .623 : Celery 8/ : 1.96 32.00 Dried, CA, : : Honeydew Melons : 2.70 44.00 Ton : 113.00 1840.00 : Lettuce : 2.28 37.20 : : Onions 8/ : 1.71 27.90 : : Tomatoes : 4.44 72.40 ------------------------------------------------------------------------------- 1/ Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January "Agricultural Prices" for details on adjusted base price and parity price computations. 2/ Seasonally adjusted price as percentage of parity price. 3/ Wholesale extracted. Adjusted base price derived from state annual average prices weighted by production. For 1982 through 1985 the national averages are the support prices. 4/ Equivalent packinghouse-door returns for CA, NY (apples only), OR (except peaches), and WA. Price at point of first sale for other states. 5/ Equivalent returns for bulk fruit at first delivery point. 6/ Equivalent returns at processing plant door. 7/ Equivalent returns at packinghouse door. 8/ Includes some processing. 9/ Based on "as sold" prices for fresh fruit in all states. 10/ Prices in-shell basis except almonds which are shelled basis. 11/ F.O.B. shipping point prices. Rice: Marketing Year Average Prices Received, by States and United States, 1998 and 1999 ------------------------------------------------------------------------------ State : 1998 : 1999 ------------------------------------------------------------------------------ : Dollars per Cwt : : All AR : 8.87 5.70 CA : 9.19 6.97 LA : 8.87 5.99 MS : 8.99 5.49 MO : 8.75 5.60 TX : 9.32 6.04 : US 1/ : 8.89 5.93 : : Length of Grain US: : Long : 8.79 5.70 Medium &: Short : 9.18 6.62 ------------------------------------------------------------------------------ 1/ Based on state prices weighted by marketings for August through July. Prices Received: All Rice, United States by Month, for Marketing Years, 1997-98 through 1999-2000 1/ ------------------------------------------------------------------------------ Year : Aug : Sep : Oct : Nov : Dec : Jan 2/ ------------------------------------------------------------------------------ : Dollars per Cwt : 1999-2000 : 6.94 5.78 5.97 6.02 6.08 6.02 1998-1999 : 9.01 9.42 9.31 9.02 9.10 9.09 1997-1998 : 9.94 9.92 10.00 9.82 9.77 9.57 :---------------------------------------------------------------- : Feb : Mar : Apr : May : Jun : Jul :---------------------------------------------------------------- : Dollars per Cwt : 1999-2000 : 5.88 5.71 5.75 5.63 5.80 5.65 1998-1999 : 9.02 8.93 8.49 8.21 8.25 8.26 1997-1998 : 9.75 9.67 9.40 9.38 9.58 9.58 ------------------------------------------------------------------------------ 1/ August - July for US. 2/ Second year. Apples for Fresh Use: Prices Received, United States, July 1993 - December 2000 ------------------------------------------------------------------------------ Year : Jul : Aug : Sep : Oct : Nov : Dec :Jan 1/: Feb : Mar : Apr : May : Jun ------------------------------------------------------------------------------ : Dollars per Pound : 1993 : .178 .244 .241 .211 .193 .186 .187 .178 .166 .155 .143 .135 1994 : .194 .289 .207 .191 .164 .192 .195 .183 .182 .166 .154 .156 1995 : .179 .244 .262 .253 .238 .244 .254 .242 .251 .226 .219 .219 1996 : .233 .252 .305 .247 .232 .227 .225 .203 .176 .156 .143 .137 1997 : .146 .174 .259 .253 .230 .233 .219 .208 .205 .194 .178 .163 1998 : .127 .138 .226 .221 .175 .149 .158 .150 .153 .141 .133 .127 1999 : .124 .184 .232 .235 .233 .237 .235 .211 .205 .197 .182 .163 2000 : .162 .195 .233 .218 .185 .181 ------------------------------------------------------------------------------ 1/ January of the following year. Peaches for Fresh Use: Monthly Prices Received, United States, May 1993 - September 2000 1/ ------------------------------------------------------------------------------ Year : May : Jun : Jul : Aug : Sep ------------------------------------------------------------------------------ : Dollars per Pound : 1993 : .288 .220 .191 .190 .226 1994 : .193 .138 .177 .176 .239 1995 : .345 .205 .184 .266 .324 1996 : .347 .272 .306 .316 .363 1997 : .255 .193 .146 .238 .353 1998 : .328 .254 .280 .286 .300 1999 : .366 .270 .257 .232 .319 2000 : .331 .257 .227 .213 .365 ------------------------------------------------------------------------------- 1/ Equivalent packinghouse-door returns for CA and WA; price at point of first sale for other states. Pears for Fresh Use: Monthly Prices Received, United States, July 1993 - December 2000 ------------------------------------------------------------------------------- Year : Jul : Aug : Sep : Oct : Nov : Dec :Jan 1/: Feb : Mar : Apr : May : Jun ------------------------------------------------------------------------------- : Dollars per Ton : 1993 : 390 344 366 350 330 281 235 220 202 182 172 175 1994 : 148 170 278 248 271 253 222 288 346 374 354 340 1995 : 358 332 374 354 351 324 297 301 316 313 367 584 1996 : 450 383 471 505 597 561 557 519 461 454 503 568 1997 : 325 351 368 361 352 305 269 272 272 332 385 425 1998 : 365 396 422 392 352 314 347 350 327 332 312 388 1999 : 200 184 320 474 501 449 435 402 334 305 239 224 2000 : 230 254 332 362 323 301 ------------------------------------------------------------------------------- 1/ January of the following year. Grapes for Fresh Use: Monthly Prices Received, United States, May 1996 - December 2000 ------------------------------------------------------------------------------ Year : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec ------------------------------------------------------------------------------ : Dollars per Ton : 1996 : 1,150 960 570 480 580 880 1,100 1/ 1997 : 1,060 660 480 450 550 570 840 1/ 1998 : 1/ 570 580 800 580 570 600 550 1999 : 1,300 880 695 765 555 525 595 595 2000 : 900 660 500 600 520 690 750 750 ------------------------------------------------------------------------------ 1/ Insufficient sales to establish a price. Limes: Marketing Year Average Prices Received, Florida, 1999 - 2001 ------------------------------------------------------------------------------ : : Equivalent Returns Commodity : F.O.B. :----------------------------------------------- And : Packed : Packinghouse-door : On-tree Crop Year : Fresh :----------------------------------------------- : : All : Fresh : Process : All : Fresh :Process ------------------------------------------------------------------------------ : Dollars per Box 1/ Limes : 1998-1999 : 30.10 16.43 19.60 2.00 11.43 14.60 -3.00 : 1999-2000 : 28.60 15.46 18.10 2.28 10.46 13.10 -2.72 : 2000-2001 : 29.50 16.98 19.00 2.18 11.98 14.00 -2.82 ------------------------------------------------------------------------------ 1/ Net lbs. Per box: 88. Sweetpotatoes: Marketing Year Average Prices Received, by State and United States, 1998-2000 ------------------------------------------------------------------------------ State : 1998 : 1999 : 2000 1/ ------------------------------------------------------------------------------ : Dollars per Cwt : AL : 15.10 17.40 17.10 CA : 25.80 28.80 28.50 GA : 16.50 14.00 14.00 LA : 14.40 14.30 13.80 MS : 17.50 21.70 14.40 NJ : 21.50 23.40 21.50 NC : 11.00 12.00 10.50 SC : 12.50 16.20 13.80 TX : 16.40 16.40 17.90 VA : 12.30 8.65 7.95 : US : 15.30 17.60 15.40 ------------------------------------------------------------------------------ 1/ Preliminary. Parity Prices Parity prices based on data for January 2001 and adjusted base price data from which parity prices are computed, are presented in the table on pages A-30 through A-34. Annual average prices for 1991 through 2000 for use in parity computations, and ten-year averages for 1990-99 and 1991-2000 are shown on pages A-36 through A-45. Parity Prices shown on the following pages are computed under the provisions of Title III. Subtitle A, Section 301(a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, 1954, and 1956. The major provisions of the amended Act relating to the calculation of parity prices are as follows: "(1) (A) The 'parity price' for any agricultural commodity, as of any date, shall be determined by multiplying the adjusted base price of such commodity as of such date by the parity index as of such date. "(B) The 'adjusted base price' of any agricultural commodity, as of any date, shall be (i) the average of the prices received by farmers for such commodity, at such time as the Secretary may select during each year of the ten-year period ending on the 31st of December last before such date, or during each marketing season beginning in such period if the Secretary determines use of a calendar year basis to be impracticable, divided by (ii) the ratio of the general level of prices received by farmers for agricultural commodities during the period January 1910 to December 1914, inclusive. "(C) The 'parity index', as of any date, shall be the ratio of (i) the general level of prices for articles and services that farmers buy, wages paid hired farm labor, interest on farm indebtedness secured by farm real estate, and taxes on farm real estate, for the calendar month ending last before such date to (ii) the general level of such prices, wages, rates, and taxes during the period January 1910 to December 1914, inclusive. "(D) The prices and indexes provided for herein, and the data used in computing them, shall be determined by the Secretary, whose determination shall be final." Section 301(a) (1) (F) outlines authority for the Secretary of Agriculture to make special adjustments in the method of computing parity prices for particular commodities if the method outlined in the Act results in parity prices seriously out of line with those of other commodities. The parity prices shown in this report are based on the provisions of the amended Act. Briefly, the actual method of computation is as follows: a. The average of prices received by farmers for individual commodities for the 10 preceding years is calculated (for 2001 this is the 1991-2000 average). An allowance for unredeemed loans and other supplemental payments resulting from price support programs, such as the deficiency payments for grains and cotton, is included for those commodities for which applicable. b. This 10-year average is divided by the average of the Index of Prices Received by Farmers for the same 10 preceding calendar years, adjusted to include an allowance for unredeemed loans and other supplemental price support operations, to give an "adjusted base price". c. Parity prices are computed by multiplying the "adjusted base prices" by the current Parity Index (the Index of Prices Paid by Farmers, including Interest, Taxes, and Wage Rates, 1910-14=100). Parity prices are calculated in terms of prices received by farmers in the local markets in which they ordinarily sell. This means that the parity prices apply to the average of all classes and grades of the commodity as sold by all farmers in the United States, except as otherwise specified. Fruits and vegetables for fresh use and for processing are usually considered separate commodities and separate parity prices are calculated. The Agricultural Marketing Agreement Act of 1937 provided for parity prices for certain commodities covered by a marketing agreement or order program. Under present legislation, U.S. parity prices, with appropriate adjustments where needed, may be used for the purpose of this Act. The indexes used in the computation of parity prices are published currently in "Agricultural Prices". For the purpose of illustrating the computation of parity prices, the calculation of the parity price for corn based on data for January 2001 is given below. The 120-month, January 1991-December 2000 average of prices received by farmers for corn was $2.75 per bushel, adjusted to allow for unredeemed loans and other supplemental payments resulting from price support operations. The 120-month average of the Index of Prices Received by Farmers, adjusted to include an allowance for unredeemed loans, etc., was 684 (1910-14=100). Dividing $2.75 by 6.84 gives $.402 per bushel, the adjusted base price which is multiplied by 1631 percent, the Parity Index (1910-14=100), based on data for January 2001. This gives $6.56 per bushel, the parity price of corn during February 2001. The Parity Ratio The parity ratio (the Index of Prices Received by Farmers for the products they sell divided by the Parity Index (1910-14=100) provides an indication of the per unit purchasing power of farm commodities generally in terms of the goods and services currently bought by farmers, in relation to purchasing power of farm products in the 1910-14 base period. Thus, a Parity Ratio less than 100 indicates that the average per unit purchasing power of all farm products is lower than during the 1910-14 period. The parity ratio is a measure of price relationships; not a measure of farm income, farmers' total purchasing power, or farmers' welfare. The latter depends upon a number of factors other than price relationships, such as changes in production efficiency and technology, quantities of farm products sold, and supplementary income, including that from off-farm jobs and federal programs. An adjusted parity ratio is computed and published which incorporates supplementary income for federal farm programs. A "preliminary adjusted parity ratio reflecting government payments" based on the forecast of direct government payments for the year is published each quarter in "Agricultural Prices". Adjusted Base Prices and United States Parity Prices Based on Data for January 2001 ------------------------------------------------------------------------------ : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : Data for : 1/ : Jan 2001 2/ ------------------------------------------------------------------------------ : Dollars Basic Commodities : Wheat, Bu 3/ : 0.589 9.61 Rice, Cwt 3/ : 1.64 26.70 Corn, Bu 3/ : 0.402 6.56 Cotton, Lb : American Upland 3/ : 0.102 1.66 Extra Long Staple : 0.142 2.32 Peanuts, Lb : 0.0414 0.675 Tobacco, Lb : Flue-Cured, Types 11-14 : 0.256 4.18 VA Fire-Cured, Type 21 : 0.257 4.19 KY-TN Fire-Cured, : Types 22-23 : 0.323 5.27 Burley, Type 31 : 0.273 4.45 Maryland, Type 32 : 0.225 3.67 Dark Air-Cured, Types 35-36 : 0.273 4.45 Sun-Cured, Type 37 : 0.232 3.78 PA SeedLeaf, Type 41 : 0.190 3.10 Cigar Filler & Binder, : Types 42-44, 54-55 : 0.218 3.56 Puerto Rican Filler, Type 46 : 0.173 2.82 Cigar Binder, Types 51-52 : 0.652 10.60 : Designated Nonbasic Commodities : Soybeans, Bu 3/ : 0.876 14.30 All Milk Sold to Plants, Cwt : 1.96 32.00 Honey, Wholesale, Lb : Extracted : 0.0918 1.500 : Wool and Mohair : Wool, Lb 3/ : 0.101 1.65 Mohair, Lb : 0.269 4.39 : Other Nonbasic Commodities : Field Crops and Misc : Barley, Bu 3/ : 0.393 6.41 Cottonseed, Ton : 15.50 253.00 Dry Edible Beans, Cwt : 2.92 47.60 Flaxseed, Bu : 0.690 11.30 All Hay, Baled, Ton : 12.30 201.00 Hops, Lb : 0.251 4.09 Oats, Bu 3/ : 0.230 3.75 Peppermint Oil, Lb : 1.86 30.30 Potatoes, Cwt : 0.831 13.60 Rye, Bu : 0.335 5.46 Sorghum Grain, Cwt 3/ : 0.689 11.20 Spearmint Oil, Lb : 1.71 27.90 Sweetpotatoes, Cwt : 2.09 34.10 Tobacco, Cigar Wrapper : Type 61, Lb : 2.66 43.40 ------------------------------------------------------------------------------ See footnotes on page A-35. Adjusted Base Prices and United States Parity Prices Based on Data for January 2001 ------------------------------------------------------------------------------ : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : Data for : 1/ : Jan 2001 2/ ------------------------------------------------------------------------------ : Dollars : Fruit, Citrus (Equiv : On-Tree) Box : Grapefruit 13/ : 0.493 8.04 Lemons 13/ : 1.200 19.60 Limes (FL) : 1.27 20.70 Oranges 13/ : 0.695 11.30 Tangerines 13/ : 1.68 27.40 Temples 13/ : 0.591 9.64 : Fruit, Deciduous and Other : Apples : Fresh, Lb 4/ : 0.0298 0.486 Processing, Ton 13/ : 19.60 320.00 Apricots, Ton : Fresh : 110.00 1,790.00 Processing : Dried (CA) : 295.00 4,810.00 Excl Dried : 41.20 672.00 Avocados, Ton 13/ : 210.00 3,430.00 Cherries : Sweet, Ton : 170.00 2,770.00 Tart, Lb 13/ : 0.0270 0.440 Cranberries, Bbl 13/ : 7.07 115.00 Dates (CA) Ton 5/ : 150.00 2,450.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 152.00 2,480.00 Excl Raisin Varieties Dried : 63.00 1,030.00 Kiwifruit, Ton 13/ : 76.10 1,240.00 Nectarines (CA), Ton : Fresh 5/ : 62.70 1,020.00 Processing 6/ : 4.04 65.90 Olives (CA), Ton 7/ : Processing : Crushed for oil : 1.58 25.80 Excl crushed : 83.00 1,350.00 Canning : 96.50 1,570.00 Papayas (HI), Fresh, Lb : 0.0522 0.851 Peaches : Fresh, Lb 7/ : 0.0382 0.623 Processing : Dried (CA), Ton 6/ : 113.00 1,840.00 Excluding Dried, Ton : Clingstone (CA), Ton 7/ : 32.50 530.00 Freestone, Ton 6/ : 27.50 449.00 Pears : Fresh, Ton 4/ : 52.00 848.00 Processing, Ton 6/ : Dried (CA) : 155.00 2,530.00 Excluding Dried : 29.40 480.00 ------------------------------------------------------------------------------ See footnotes on page A-35. Adjusted Base Prices and United States Parity Prices Based on Data for January 2001 ------------------------------------------------------------------------------ : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : Data for : 1/ : Jan 2001 2/ ------------------------------------------------------------------------------ : Dollars : Fruit, Deciduous and Other, Cont: Plums (CA) Equiv On-Tree : Fresh, Ton 8/ : 54.50 889.00 Processing, Ton : 2.54 41.40 Prunes, Dried (CA), Ton 13/ : 139.00 2,270.00 Prunes & Plums (EX CA) Ton : Fresh 8/ : 52.90 863.00 Processing 6/ : 24.40 398.00 Strawberries, Lb : Fresh 6/ : 0.0914 1.490 Processing : 0.0399 0.651 Sugar Crops, Ton : Sugarbeets 10/ 13/ : 5.78 94.30 Sugarcane 10/ 13/ : 4.15 67.70 : Tree Nuts 11/ : Almonds, Lb : 0.225 3.67 Filberts, Ton : 120.00 1,960.00 Pecans, All, Ton : 284.00 4,630.00 Pistachio, All, Lb : .161 2.63 Walnuts, Ton 13/ : 180.00 2,940.00 : Vegetables, Fresh, Cwt 9/ : Asparagus : 15.40 251.00 Broccoli 12/ : 3.92 63.90 Carrots 12/ : 1.93 31.50 Cauliflower 12/ : 4.47 72.90 Celery 12/ : 1.96 32.00 Honeydew Melons : 2.70 44.00 Lettuce : 2.28 37.20 Onions 12/ : 1.71 27.90 Sweet Corn : 2.51 40.90 Tomatoes : 4.44 72.40 : Vegetables, Processing, Ton 6/ : Asparagus : 162.00 2,640.00 Green Peas : 38.70 631.00 Snap Beans : 25.30 413.00 Sweet Corn : 10.60 173.00 Tomatoes : 9.40 153.00 : Livestock and Products : Beef Cattle, Cwt : 9.65 157.00 Calves, Cwt : 12.70 207.00 Eggs, Doz : 0.0949 1.55 Hogs, Cwt : 6.29 103.00 Lambs, Cwt : 10.60 173.00 Sheep, Cwt : 4.42 72.10 Turkeys, Lb : 0.0585 0.954 ------------------------------------------------------------------------------ See footnotes on page A-35. Adjusted Base Prices and United States Parity Prices Based on Data for January 2001 ------------------------------------------------------------------------------ : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : Data for : 1/ : Jan 2001 2/ ------------------------------------------------------------------------------ : Dollars : Discontinued Nonbasic Commodities : Field Crops and Misc 14/ : Crude Pine Gum, Bbl : 13.90 227.00 Dry Field Peas, Cwt : 1.89 30.80 Popcorn, Cwt : 1.81 29.50 Tobacco, Type 62, Lb : 0.858 14.00 : Fruit, Deciduous and Other 14/ : Berries, Processing, Lb : Blackberries : 0.0620 1.010 Black Raspberries : 0.106 1.73 Boysenberries/Youngberries : 0.0879 1.430 Gooseberries : 0.0373 0.608 Loganberries : 0.0603 0.983 Red Raspberries : 0.0844 1.380 : Seed Crops, Cwt 14/ : Alfalfa : 19.30 315.00 Bentgrass : 18.90 308.00 Chewings Fescue : 10.00 163.00 Crimson Clover : 8.40 137.00 Hairy Vetch : 5.81 94.80 Ladino Clover : 24.70 403.00 Lespedeza : 8.31 136.00 Merion KY Bluegrass : 22.00 359.00 Orchardgrass : 7.16 117.00 Red Clover : 12.00 196.00 Red Fescue : 10.10 165.00 Tall Fescue : 3.67 59.90 Timothy : 6.40 104.00 : Vegetables, Fresh, Cwt 14/ : Artichokes : 4.55 74.20 Cabbage : 1.38 22.50 Cantaloupes : 2.13 34.70 Cucumbers : 2.28 37.20 Eggplant : 2.41 39.30 Escarole : 3.10 50.60 Garlic : 2.93 47.80 Green Peppers : 3.60 58.70 Snap Beans : 4.51 73.60 Spinach : 3.95 64.40 Watermelon : 0.846 13.80 : Vegetables, Processing, Ton 14/ : Beets : 7.79 127.00 Cabbage : 6.01 98.00 Lima Beans : 67.00 1,090.00 Spinach : 14.50 236.00 : Livestock and Products 14/ : Beeswax, Lb : 0.291 4.75 ------------------------------------------------------------------------------ See footnotes on page A-35. Adjusted Base Prices and United States Parity Prices Based on data for January 2001 (continued) 1/ Adjusted base price 1910-14 derived by dividing the average of 10 season average prices 1991-2000, including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations, by 684 percent (the 120-month, Jan 1991-Dec 2000 average of the index of prices received by farmers adjusted to include an allowance for unredeemed loans and other supplemental payments) unless otherwise noted. 2/ These parity prices are the legally applicable parity prices for the following calendar month. 3/ Adjusted base price 1910-14 derived from 120-month, Jan 1991-Dec 2000 average including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations. 4/ Equivalent packinghouse-door returns for CA, NY (apples only starting in 1985), OR (except peaches), and WA. Prices "as sold" for other states. 5/ Equivalent returns at packinghouse-door. 6/ Equivalent returns at processing plant door. 7/ Equivalent returns for bulk fruit at first delivery point. 8/ Based on 'as sold' prices for fresh fruit in all states. 9/ Average F.O.B. shipping point prices. 10/ Relates to prices including average conditional payments per ton made under the sugar acts of 1937 and 1948. Crop deficiency and abandonment payments not included. 11/ Prices on in-shell basis except almonds which are on shelled basis. 12/ Includes some processing. 13/ The 2000 marketing year average prices are not yet available for these commodities. Therefore, the adjusted base prices are brought forward from 1999, except citrus items (excluding limes) and cranberries. 14/ Monthly and/or season average prices are no longer estimated for these items. Therefore, the adjusted base price is brought forward from July 1986. Average Base Period Prices Received by Farmers, US, 1910-14 ------------------------------------------------------------------------------- : Price : Average : : Price : Average Commodity : Per : Jan 1910- : Commodity : Per : Jan 1910- : Unit : Dec 1914 : : Unit : Dec 1914 ------------------------------------------------------------------------------- : : : : : All Wheat :Dol/Bu : .880 : Sweetpotatoes :Dol/Cwt: 1.61 Rice (Rough) :Dol/Cwt: 1.81 : Dry Edible Beans :Dol/Cwt: 3.39 Corn :Dol/Bu : .649 : All Beef Cattle :Dol/Cwt: 5.52 Oats :Dol/Bu : .399 : Calves :Dol/Cwt: 6.84 All Barley :Dol/Bu : .617 : All Hogs :Dol/Cwt: 7.29 All Hay, Baled :Dol/Ton: 11.90 : Lambs :Dol/Cwt: 5.96 Cotton : Ct/Lb : 11.92 : Sheep :Dol/Cwt: 4.59 Peanuts : Ct/Lb : 4.83 : All Milk :Dol/Cwt: 1.61 Cottonseed :Dol/Ton: 21.80 : All Eggs : Ct/Doz: 21.6 Flaxseed :Dol/Bu : 1.68 : Turkeys, Live : Ct/Lb : 14.3 Potatoes :Dol/Cwt: 1.13 : Wool : Ct/Lb : 17.8 ------------------------------------------------------------------------------- Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ ---------------------------------------------------------------------------- : : : : : : : : : : : : : : Commodity and Unit : 1991 : 1992 : 1993 : 1994 : 1995 : 1996 : 1997 : : : : : : : ---------------------------------------------------------------------------- Index of Prices : (1910-14=100) Received by Farmers : 632 626 643 634 646 712 678 ---------------------------------------------------------------------------- : Dollars : : Calendar Year Average Prices 3/ Basic Commodities : Corn, Bu : 2.33 2.29 2.22 2.41 2.56 3.55 2.60 Cotton, Upland, Lb : 0.655 0.532 0.538 0.661 0.772 0.741 0.679 Cotton, Long Staple, Lb : 0.970 0.788 0.870 1.025 1.228 1.070 1.014 Tobacco, Type 32, Lb : 1.602 1.470 1.430 1.481 1.573 1.856 1.576 Wheat, Bu : 2.74 3.41 3.21 3.52 4.09 4.77 3.71 Rice, Cwt : 7.30 7.00 5.98 8.22 7.62 9.62 10.01 : Designated Nonbasic Comm : All Milk, Cwt : 12.20 13.10 12.80 13.00 12.80 14.90 13.30 : Other Nonbasic Comm : Field Crops and Misc : Barley, Bu : 2.07 2.09 1.98 2.01 2.47 3.07 2.39 Dry Beans, Cwt : 17.60 17.60 20.70 24.60 21.90 23.70 20.90 Flaxseed, Bu : 4.09 3.75 4.25 4.49 5.05 5.92 6.11 Hay, Baled, Ton : 74.70 71.90 82.30 88.90 83.20 88.90 102.80 Oats, Bu : 1.15 1.36 1.40 1.29 1.45 2.01 1.72 Rye, Bu : 2.20 2.38 2.55 2.70 2.90 3.70 3.75 Sorghum, Cwt : 3.96 3.87 3.66 3.97 4.51 5.93 4.10 Soybeans, Bu : 5.60 5.56 6.04 6.11 5.85 7.27 7.40 Sweetpotatoes, Cwt : 13.30 12.20 15.10 14.00 15.90 14.40 15.80 : Fruit : Apples, Fresh, Lb 4/ : 0.230 0.248 0.183 0.183 0.205 0.242 0.194 : Livestock and Products : Beef Cattle, Cwt : 72.90 71.30 73.40 66.50 62.20 59.30 63.30 Calves, Cwt : 99.90 89.40 95.90 87.10 74.80 58.70 82.30 Eggs, Doz : 0.660 0.564 0.629 0.609 0.639 0.760 0.699 Hogs, Cwt : 48.80 42.00 45.20 39.50 41.80 53.30 52.00 Lambs, Cwt : 52.50 60.80 64.60 64.80 78.30 88.30 90.50 Sheep, Cwt : 20.40 26.90 29.50 31.60 28.60 30.30 38.10 Turkeys, Lb : 0.384 0.377 0.376 0.390 0.407 0.411 0.435 ---------------------------------------------------------------------------- Footnotes on page A-45. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ (continued) ----------------------------------------------------------------------------- : : : : : 1991-2000 Average : : : :1990-99:-------------------- Commodity and Unit : 1998 : 1999 : 2000 :Average: As :For Parity : : : : :Computed:Purposes 2/ ----------------------------------------------------------------------------- Index of Prices : (1910-14=100) Received by Farmers : 644 608 615 648 644 684 ----------------------------------------------------------------------------- : Dollars : : Calendar Year Average prices 3/ Basic Commodities : Corn, Bu : 2.20 1.89 1.86 2.44 2.39 2.75 Cotton, Upland, Lb : 0.646 0.516 0.499 0.639 0.624 0.698 Cotton, Long Staple, Lb : 0.924 0.852 0.952 0.980 0.969 0.970 Tobacco, Type 32, Lb : 1.291 1.345 6/ 1.544 Wheat, Bu : 2.90 2.58 2.57 3.39 3.35 4.03 Rice, Cwt : 9.40 7.59 5.72 7.97 7.85 11.20 : Designated Nonbasic Comm : All Milk, Cwt : 15.40 14.40 12.30 13.60 13.40 : Other Nonbasic Comm : Field Crops and Misc : Barley, Bu : 2.13 1.99 2.15 2.24 2.24 2.69 Dry Beans, Cwt : 20.40 18.00 15.10 21.30 20.00 Flaxseed, Bu : 5.72 4.38 3.45 5.06 4.72 Hay, Baled, Ton : 89.70 78.70 81.00 84.60 84.20 Oats, Bu : 1.34 1.15 1.17 1.41 1.40 1.57 Rye, Bu : 2.49 2.28 2.49 2.25 2.29 Sorghum, Cwt : 3.54 2.86 3.10 4.03 3.95 4.71 Soybeans, Bu : 5.93 4.57 4.73 6.01 5.91 5.99 Sweetpotatoes, Cwt : 15.30 17.60 15.40 14.30 14.90 : Fruit : Apples, Fresh, Lb 4/ : 0.184 0.176 0.197 0.201 0.204 : Livestock and Products : Beef Cattle, Cwt : 59.70 63.30 68.40 66.70 66.00 Calves, Cwt : 82.30 89.60 105.70 85.70 86.60 Eggs, Doz : 0.659 0.621 0.647 0.654 0.649 Hogs, Cwt : 32.50 32.30 42.90 44.10 43.00 Lambs, Cwt : 72.50 74.50 80.30 70.30 72.70 72.70 Sheep, Cwt : 31.90 30.70 33.80 29.20 30.20 Turkeys, Lb : 0.401 0.379 0.407 0.397 0.400 ----------------------------------------------------------------------------- Footnotes on page A-45. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1991 : 1992 : 1993 : 1994 : 1995 : 1996 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Basic Commodities : Peanuts, Lb 18/ : 0.283 0.300 0.304 0.289 0.293 0.281 Tobacco, Lb : Types 11-14 : 1.723 1.726 1.681 1.698 1.790 1.834 Type 21 : 1.526 1.615 1.719 1.612 1.640 1.790 KY-TN Fire-Cured, : Types 22-23 : 2.134 2.173 2.194 2.092 2.172 2.245 Burley, Type 31 : 1.788 1.815 1.816 1.841 1.854 1.922 Types 35-36 : 1.840 1.694 1.715 1.685 1.762 1.952 Sun-Cured, Type 37 : 1.434 1.380 1.521 1.476 1.555 1.782 PA Seedleaf, Type 41 : 1.430 1.150 0.950 1.000 1.450 1.550 Cigar Filler & Binder: Types 42-44, 54-55 : 1.550 1.487 1.432 1.450 1.450 1.486 Puerto Rican Filler, : Type 46 7/ : Types 51-52 : 2.600 2.800 3.000 3.060 3.888 6.279 : Designated Nonbasic Comm : Honey, Wholesale, Lb : Extracted 8/ : 0.556 0.550 0.539 0.528 0.685 0.888 : Wool and Mohair 9/ : Wool, Lb : 0.550 0.740 0.510 0.780 1.040 0.700 Mohair, Lb : 1.28 0.86 0.82 2.56 1.84 1.92 : Other Nonbasic Comm : Field Crops and Misc : Cottonseed, Ton : 71.00 97.50 113.00 101.00 106.00 126.00 Hops, Lb : 1.680 1.740 1.760 1.810 1.710 1.650 Peppermint Oil, Lb : 13.30 12.80 13.30 14.60 13.80 13.60 Potatoes, Cwt : 4.96 5.52 6.16 5.56 6.75 4.91 Spearmint Oil, Lb : 13.90 12.80 12.30 12.50 12.30 12.00 -------------------------------------------------------------------------------- Footnotes on page A-45. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1990- : 1991- : : : : : 1999 : 2000 Commodity and Unit : 1997 : 1998 : 1999 : 2000 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Basic Commodities : Peanuts, Lb 18/ : 0.283 0.284 0.254 0.257 0.292 0.283 Tobacco, Lb : Types 11-14 : 1.720 1.756 1.737 1.793 1.734 1.746 Type 21 : 2.125 1.936 1.819 1.835 1.738 1.762 KY-TN Fire-Cured, : Types 22-23 : 2.256 2.225 2.298 2.305 2.174 2.207 Burley, Type 31 : 1.885 1.903 1.899 1.960 1.848 1.868 Types 35-36 : 2.017 2.017 2.039 1.955 1.858 1.868 Sun-Cured, Type 37 : 1.908 1.709 1.590 1.585 1.581 1.594 PA Seedleaf, Type 41 : 1.600 1.300 1.300 1.300 1.312 1.303 Cigar Filler & Binder: Types 42-44, 54-55 : 1.505 1.498 1.490 1.500 1.485 1.485 Puerto Rican Filler, : Type 46 7/ : Types 51-52 : 7.273 5.499 4.737 5.500 4.164 4.464 : Designated Nonbasic Comm : Honey, Wholesale, Lb : Extracted 8/ : 0.752 0.655 0.599 6/ 0.629 : Wool and Mohair 9/ : Wool, Lb : 0.840 0.600 0.380 6/ 0.694 Mohair, Lb : 2.25 2.49 3.46 6/ 1.84 : Other Nonbasic Comm : Field Crops and Misc : Cottonseed, Ton :121.00 129.00 89.00 106.00 107.00 106.00 Hops, Lb : 1.600 1.690 1.690 1.870 1.680 1.720 Peppermint Oil, Lb : 12.90 11.90 10.70 10.50 13.10 12.70 Potatoes, Cwt : 5.64 5.56 5.77 6/ 5.69 Spearmint Oil, Lb : 11.90 11.00 9.70 8.90 12.30 11.70 -------------------------------------------------------------------------------- Footnotes on page A-45. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1991 : 1992 : 1993 : 1994 : 1995 : 1996 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 18.00 17.00 17.00 17.80 6/ 6/ : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 6.20 2.75 3.33 2.30 2.32 1.93 Lemons : 9.13 6.15 6.18 7.52 6.37 8.36 Limes (FL) : 9.12 1.02 12.70 8.65 8.05 6.93 Oranges : 5.52 3.88 4.40 4.23 4.79 4.22 Tangerines : 14.77 12.08 9.56 12.21 11.10 9.48 Temples : 6.51 2.99 2.73 3.47 4.44 3.22 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 144.00 171.00 130.00 107.00 114.00 159.00 Apricots, Ton : Fresh 14/ : 960.00 1,250.00 593.00 778.00 546.00 900.00 Processing 11/ : Dried (CA) :1,950.00 2,110.00 1,960.00 2,320.00 1,890.00 2,090.00 Excl Dried : 276.00 289.00 286.00 271.00 305.00 282.00 Avocados, Ton :1,060.00 405.00 1,780.00 1,380.00 1,300.00 1,430.00 Cherries : Sweet, Ton : 968.00 915.00 1,190.00 1,040.00 1,260.00 1,470.00 Tart, Lb : 0.464 0.176 0.121 0.163 0.059 0.161 Cranberries, Bbl : 49.00 51.60 50.20 49.30 53.40 65.90 Dates (CA) Ton : 970.00 1,060.00 790.00 750.00 780.00 1,090.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 963.00 911.00 937.00 923.00 980.00 1,070.00 Excl Raisin Var Dr : 351.00 334.00 377.00 376.00 399.00 483.00 Kiwifruit, Ton 12/ : 820.00 290.00 370.00 491.00 459.00 470.00 Nectarines, CA, Ton : Fresh 12/ 20/ : 409.00 Processing 11/ 20/ : 39.60 Olives (CA), Ton : Processing 13/ : Crushed for Oil : 10.30 10.50 10.50 11.00 11.00 11.00 Excl Crushed : 574.00 568.00 488.00 489.00 681.00 643.00 Canning 13/ : 631.00 676.00 558.00 551.00 779.00 745.00 -------------------------------------------------------------------------------- Footnotes on page A-45. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1990- : 1991- : : : : : 1999 : 2000 Commodity and Unit : 1997 : 1998 : 1999 : 2000 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 6/ 6/ 6/ 6/ 18.20 : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 2.00 3.27 4.19 6/ 3.38 Lemons : 6.57 9.61 10.38 6/ 8.23 Limes (FL) : 6.90 11.43 10.46 11.98 8.93 8.72 Oranges : 4.29 5.54 3.89 6/ 4.76 Tangerines : 8.84 12.70 7.89 6/ 11.53 Temples : 3.07 5.12 2.62 6/ 4.05 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 171.00 130.00 94.60 6/ 134.00 Apricots, Ton : Fresh 14/ :1,170.00 558.00 579.00 638.00 800.00 750.00 Processing 11/ : Dried (CA) :2,240.00 1,860.00 20/ 1,860.00 2,030.00 2,020.00 Excl Dried : 285.00 273.00 260.00 292.00 282.00 282.00 Avocados, Ton :1,560.00 2,160.00 2,050.00 6/ 1,440.00 Cherries : Sweet, Ton :1,250.00 1,090.00 1,090.00 1,330.00 1,117.00 1,160.00 Tart, Lb : 0.159 0.145 0.218 6/ 0.185 Cranberries, Bbl : 63.70 36.60 17.70 6/ 48.40 Dates (CA) Ton :1,100.00 1,220.00 1,240.00 1,250.00 982.00 1,025.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 908.00 1,250.00 1,220.00 20/ 1,007.00 1,038.00 Excl Raisin Var Dr : 497.00 508.00 519.00 20/ 418.00 431.00 Kiwifruit, Ton 12/ : 518.00 744.00 634.00 6/ 521.00 Nectarines, CA, Ton : Fresh 12/ 20/ : Processing 11/ 20/ : Olives (CA), Ton : Processing 13/ : Crushed for Oil : 11.00 11.00 11.00 11.00 10.80 10.80 Excl Crushed : 665.00 481.00 412.00 677.00 544.00 568.00 Canning 13/ : 760.00 590.00 535.00 770.00 638.00 660.00 -------------------------------------------------------------------------------- Footnotes on page A-45. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1991 : 1992 : 1993 : 1994 : 1995 : 1996 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Papayas (HA), Fresh, Lb : 0.333 0.250 0.232 0.243 0.435 0.448 : Peaches : Fresh, Lb 14/ : 0.269 0.212 0.221 0.188 0.260 0.331 Processing 11/ : Dried (CA), Ton :1,080.00 893.00 713.00 856.00 894.00 726.00 Excluding Dried, Ton : Clingstone CA, Ton : 218.00 215.00 218.00 180.00 213.00 219.00 Freestone, Ton : 190.00 188.00 187.00 187.00 187.00 181.00 : Pears : Fresh, Ton 4/ : 385.00 378.00 280.00 258.00 343.00 496.00 Processing, Ton 11/ : Dried (CA) : 900.00 1,130.00 970.00 942.00 919.00 1,290.00 Excluding Dried : 219.00 221.00 206.00 184.00 177.00 223.00 : Plums (CA), Ton : Fresh 20/ : Processing 20/ : : Prunes,Dried, CA, Ton 11/: 940.00 1,030.00 1,120.00 1,090.00 1,040.00 839.00 : Prunes&Plums, Ex CA, Ton : Fresh 14/ : 420.00 243.00 206.00 255.00 441.00 575.00 Processing 11/ : 219.00 146.00 157.00 105.00 145.00 267.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.540 0.615 0.540 0.602 0.604 0.565 Processing : 0.274 0.247 0.284 0.291 0.262 0.204 : Sugar Crops, Ton 17/ : Sugarbeets : 38.50 41.40 39.00 38.80 38.10 45.40 Sugarcane : 29.00 28.10 28.50 29.20 29.50 28.30 -------------------------------------------------------------------------------- Footnotes on page A-45. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1990- : 1991- : : : : : 1999 : 2000 Commodity and Unit : 1997 : 1998 : 1999 : 2000 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Papayas (HA), Fresh, Lb : 0.529 0.350 0.402 0.351 0.347 0.357 : Peaches : Fresh, Lb 14/ : 0.244 0.306 0.290 0.284 0.266 0.261 Processing 11/ : Dried (CA), Ton : 612.00 544.50 619.50 740.00 791.00 768.00 Excluding Dried, Ton : Clingstone CA, Ton : 260.00 219.00 225.00 250.00 218.00 222.00 Freestone, Ton : 194.00 186.00 185.00 190.00 187.00 188.00 : Pears : Fresh, Ton 4/ : 329.00 373.00 393.00 326.00 360.00 356.00 Processing, Ton 11/ : Dried (CA) :1,020.00 1,500.00 1,040.00 886.00 1,047.00 1,060.00 Excluding Dried : 213.00 199.00 184.00 183.00 203.00 201.00 : Plums (CA), Ton : Fresh 20/ : 378.00 373.00 Processing 20/ : 15.50 17.40 : Prunes,Dried, CA, Ton 11/: 883.00 764.00 906.00 6/ 949.00 : Prunes&Plums, Ex CA, Ton : Fresh 14/ : 448.00 476.00 232.00 321.00 365.00 362.00 Processing 11/ : 134.00 162.00 182.00 151.00 162.00 167.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.656 0.741 0.735 0.651 0.615 0.625 Processing : 0.271 0.319 0.329 0.245 0.277 0.273 : Sugar Crops, Ton 17/ : Sugarbeets : 38.80 36.40 36.50 6/ 39.60 Sugarcane : 28.10 27.30 24.70 6/ 28.40 -------------------------------------------------------------------------------- Footnotes on page A-45. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1991 : 1992 : 1993 : 1994 : 1995 : 1996 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Tree Nuts 18/ : Almonds, Lb : 0.930 1.190 1.300 1.940 1.340 2.480 Filberts, Ton : 726.00 552.00 633.00 835.00 913.00 860.00 Pecans, All, Ton :2,080.00 2,900.00 1,172.00 2,080.00 2,020.00 1,282.00 Pistachio, All, Lb : 1.25 1.03 1.07 .92 1.09 1.16 Walnuts, Ton :1,060.00 1,410.00 1,390.00 1,030.00 1,400.00 1,580.00 : Vegetables,Fresh, Cwt 15/: Asparagus : 78.90 92.00 95.70 100.00 113.00 92.90 Broccoli 19/ : 22.00 23.50 26.60 27.50 29.30 27.10 Carrots 19/ : 11.20 10.80 11.70 12.90 16.70 13.40 Cauliflower 19/ : 26.80 28.10 29.90 28.20 33.20 32.90 Celery 19/ : 10.80 12.30 14.80 11.80 16.30 10.50 Honeydew Melons : 18.40 13.50 18.20 16.40 20.60 17.00 Lettuce : 11.40 12.40 16.00 13.30 23.50 14.70 Onions 19/ : 12.50 13.00 14.30 9.80 9.90 10.50 Sweet Corn : 17.00 14.40 17.80 17.20 18.30 16.90 Tomatoes : 31.70 35.80 31.50 27.40 25.50 28.10 : Vegetables, Proc. Ton 11/: Asparagus : 955.00 948.00 1,007.00 1,050.00 1,150.00 1,210.00 Green Peas : 261.00 239.00 251.00 254.00 267.00 284.00 Snap Beans : 176.00 173.00 178.00 166.00 173.00 178.00 Sweet Corn : 71.00 68.20 72.40 68.50 75.60 78.50 Tomatoes : 66.40 70.80 60.10 62.10 63.20 62.30 -------------------------------------------------------------------------------- Footnotes on page A-45. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1991-2000 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1990- : 1991- : : : : : 1999 : 2000 Commodity and Unit : 1997 : 1998 : 1999 : 2000 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Tree Nuts 18/ : Almonds, Lb : 2.080 1.560 1.410 0.860 1.510 1.540 Filberts, Ton : 899.00 964.00 890.00 961.00 806.00 823.00 Pecans, All, Ton :1,548.00 2,420.00 1,628.00 2,220.00 1,960.00 1,940.00 Pistachio, All, Lb : 1.13 1.03 1.33 .98 1.103 1.099 Walnuts, Ton :1,430.00 1,050.00 886.00 6/ 1,230.00 : Vegetables,Fresh, Cwt 15/: Asparagus : 108.00 124.00 131.00 117.00 100.40 105.30 Broccoli 19/ : 28.50 29.50 23.90 30.40 26.00 26.80 Carrots 19/ : 12.90 12.00 16.80 13.50 12.80 13.20 Cauliflower 19/ : 31.60 32.80 29.00 33.40 29.70 30.60 Celery 19/ : 14.70 12.30 12.00 18.40 12.60 13.40 Honeydew Melons : 18.90 21.10 21.60 19.10 18.40 18.50 Lettuce : 17.50 16.10 13.30 17.50 15.00 15.60 Onions 19/ : 12.60 13.80 9.78 11.20 11.70 11.70 Sweet Corn : 17.70 17.20 17.20 18.30 16.90 17.20 Tomatoes : 31.70 35.20 25.90 31.40 30.00 30.40 : Vegetables, Proc. Ton 11/: Asparagus :1,220.00 1,200.00 1,180.00 1,180.00 1,091.00 1,110.00 Green Peas : 288.00 282.00 275.00 248.00 265.00 265.00 Snap Beans : 176.00 172.00 173.00 163.00 175.00 173.00 Sweet Corn : 74.90 73.30 71.10 73.40 72.30 72.70 Tomatoes : 60.70 65.30 71.10 61.10 65.00 64.30 -------------------------------------------------------------------------------- 1/ Averages used to compute "adjusted base prices". 2000 and 1991-2000 averages are preliminary. 2/ Includes an allowance for price support operations as authorized by the Secretary of Agriculture, January 30, 1956. This entry is omitted for commodities not affected by the adjustment. 3/ Simple average of monthly prices. Due to rounding differences, the 10-year average of these data might differ slightly from the 120-month averages shown in the 1990-99 and 1991-2000 columns. 4/ Equivalent packinghouse-door returns for CA, NY (apples only starting in 1985), OR (except peaches), and WA. Prices "as sold" for other states. 5/ Unless otherwise noted these prices are the averages for the marketing season computed by weighting state prices by quantities sold. 6/ Not available. 7/ Price for year harvested, from Tobacco Division, AMS. 8/ For 1984 through 1986 the national averages are the support prices. 9/ Average local market price; does not include incentive payment per pound, the 1990-99 and 1991-2000 averages for parity purposes include this allowance. 10/ Consistent with legislation quoted in this report, citrus prices shown for 1999 relate to the citrus crop designated as 1999-2000 in the production reports. 11/ Equivalent returns at processing plant door. 12/ Equivalent returns at packinghouse-door. 13/ Equivalent returns for bulk fruit at first delivery point. 14/ Based on "as sold" prices for fresh fruit in all states. 15/ Average F.O.B. Shipping point prices. 16/ Includes strawberries for processing in states where the processing crop is not estimated separately. 17/ Prices include average conditional payments per ton made under the sugar acts of 1937 and 1948. Crop deficiency and abandonment payments not included. 18/ Prices on in-shell basis except almonds which are on shelled basis. 19/ Includes some processing. 20/ Marketing year average prices not published to avoid disclosure of individual firms. Indexes of Prices Received by Months and Annual Average, United States, 1996-2000 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : All Farm Products : : 1910-14=100 : 1996 : 686 676 695 686 709 750 754 746 738 714 699 688 712 1997 : 684 667 688 675 682 681 676 681 679 681 676 670 678 1998 : 655 646 654 664 657 649 644 640 631 631 632 627 644 1999 : 617 611 620 617 621 618 602 624 611 579 592 580 608 2000 : 576 591 608 643 645 629 618 617 621 590 623 624 615 : : 1990-92=100 : 1996 : 108 106 109 108 112 118 119 117 116 112 110 108 112 1997 : 108 105 108 106 107 107 106 107 107 107 106 106 107 1998 : 103 102 103 104 103 102 101 101 99 99 99 99 101 1999 : 97 96 98 97 98 97 95 98 96 91 93 91 96 2000 : 91 93 96 101 102 99 97 97 98 93 98 98 97 : : All Crops : : 1910-14=100 : 1996 : 597 606 638 634 646 691 674 656 621 589 575 558 624 1997 : 571 561 588 569 574 584 561 571 563 566 560 553 568 1998 : 543 545 554 571 555 524 524 508 496 493 500 495 526 1999 : 482 489 496 519 506 491 468 486 468 432 440 438 476 2000 : 437 453 471 507 516 486 467 479 480 448 478 472 475 : : 1990-92=100 : 1996 : 121 123 129 129 131 140 137 133 126 119 117 113 127 1997 : 116 114 119 115 116 118 114 116 114 115 113 112 115 1998 : 110 111 112 116 113 106 106 103 101 100 101 100 107 1999 : 98 99 101 105 103 100 95 99 95 88 89 89 97 2000 : 89 92 95 103 105 99 95 97 97 91 97 96 96 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Months and Annual Average, United States, 1996-2000 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Food Grains : : 1910-14=100 : 1996 : 501 505 512 534 584 555 504 487 467 445 437 437 497 1997 : 434 426 431 446 442 382 352 388 399 395 392 379 406 1998 : 369 372 376 361 345 306 283 269 277 318 334 321 328 1999 : 323 321 313 306 286 275 246 275 275 275 283 271 287 2000 : 270 270 272 271 273 268 249 258 261 281 293 299 272 : : 1990-92=100 : 1996 : 158 159 161 168 184 175 159 153 147 140 137 137 157 1997 : 137 134 136 140 139 120 111 122 126 124 123 119 128 1998 : 116 117 118 114 109 96 89 85 87 100 105 101 103 1999 : 102 101 99 96 90 87 77 87 86 86 89 85 90 2000 : 85 85 86 85 86 84 78 81 82 88 92 94 86 : : Feed Grains and Hay : : 1910-14=100 : 1996 : 474 502 520 568 605 593 607 593 525 444 415 411 521 1997 : 421 423 440 452 442 422 401 407 405 402 399 399 418 1998 : 402 405 405 388 380 373 361 325 308 304 309 317 356 1999 : 324 327 328 328 327 322 300 304 290 271 274 292 307 2000 : 302 315 323 325 347 323 295 281 277 285 303 324 308 : : 1990-92=100 : 1996 : 133 140 146 159 169 166 170 166 147 124 116 115 146 1997 : 118 118 123 127 124 118 112 114 113 112 112 112 117 1998 : 113 113 113 109 106 104 101 91 86 85 86 89 100 1999 : 91 91 92 92 91 90 84 85 81 76 77 82 86 2000 : 84 88 90 91 97 90 82 79 78 80 85 90 86 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Months and Annual Average, United States, 1996-2000 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Cotton : : 1910-14=100 : 1996 : 646 640 649 667 648 650 622 608 605 604 589 586 626 1997 : 574 576 586 571 577 567 571 566 588 587 574 539 573 1998 : 516 528 540 538 537 589 575 558 560 557 546 512 546 1999 : 491 470 466 470 465 462 455 445 383 391 374 362 436 2000 : 364 396 403 384 402 381 412 434 428 472 490 490 421 : : 1990-92=100 : 1996 : 126 125 127 130 127 127 121 119 118 118 115 114 122 1997 : 112 112 114 112 113 111 111 111 115 115 112 105 112 1998 : 101 103 105 105 105 115 112 109 109 109 107 100 107 1999 : 96 92 91 92 91 90 89 87 75 76 73 71 85 2000 : 71 77 79 75 79 74 81 85 83 92 96 96 82 : : Tobacco 2/ : : 1910-14=100 : 1996 : 1652 1791 1517 1396 1391 1517 1643 1661 1674 1674 1592 1997 : 1678 1661 1678 1374 1387 1526 1552 1604 1670 1570 1998 : 1670 1665 1574 1474 1417 1413 1561 1622 1657 1665 1572 1999 : 1678 1709 1574 1309 1300 1426 1526 1583 1591 1661 1536 2000 : 1683 1713 1652 1365 1474 1591 1578 1704 1713 1608 : : 1990-92=100 : 1996 : 109 118 100 92 92 100 109 110 111 111 105 1997 : 111 110 111 91 92 101 103 106 110 104 1998 : 110 110 104 97 94 93 103 107 109 110 104 1999 : 111 113 104 86 86 94 101 105 105 110 102 2000 : 111 113 109 90 97 105 104 113 113 106 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. 2/ Missing data indicates insufficient sales volume to establish a price. Indexes of Prices Received by Months and Annual Average, United States, 1996-2000 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Oil-Bearing Crops : : 1910-14=100 : 1996 : 659 682 683 725 750 726 744 755 686 649 656 680 700 1997 : 695 719 775 801 817 792 731 700 620 615 655 656 715 1998 : 652 642 626 613 614 609 606 538 526 517 555 558 588 1999 : 526 480 455 454 441 437 411 429 456 439 446 447 452 2000 : 451 471 479 487 507 480 442 432 459 442 461 481 466 : : 1990-92=100 : 1996 : 120 125 125 132 137 133 136 138 125 119 120 124 128 1997 : 127 131 142 146 149 145 134 128 113 112 120 120 131 1998 : 119 117 114 112 112 111 111 98 96 95 101 102 107 1999 : 96 88 83 83 81 80 75 78 83 80 82 82 83 2000 : 82 86 88 89 93 88 81 79 84 81 84 88 85 : : Fruit and Nuts : : 1910-14=100 : 1996 : 660 666 729 700 798 933 910 912 1006 979 873 718 824 1997 : 686 671 752 601 726 896 856 855 906 845 765 675 770 1998 : 616 704 731 754 796 812 880 935 890 884 803 670 790 1999 : 672 740 783 834 800 882 905 914 902 883 808 666 816 2000 : 623 655 656 702 646 755 778 810 835 823 735 596 718 : : 1990-92=100 : 1996 : 95 95 104 100 114 134 130 131 144 140 125 103 118 1997 : 98 96 108 86 104 128 123 122 130 121 110 97 110 1998 : 88 101 105 108 114 116 126 134 128 127 115 96 113 1999 : 96 106 112 119 115 126 130 131 129 126 116 95 117 2000 : 89 94 94 100 93 108 111 116 120 118 105 85 103 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Months and Annual Average, United States, 1996-2000 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Commercial Vegetables : : 1910-14=100 : 1996 : 631 742 986 818 691 774 661 775 679 727 747 643 740 1997 : 740 700 789 754 710 751 747 817 794 971 817 911 792 1998 : 802 762 820 1021 841 712 797 746 743 875 754 783 805 1999 : 706 749 800 871 788 737 699 706 692 648 665 645 726 2000 : 650 582 712 932 899 781 792 846 950 824 953 749 806 : : 1990-92=100 : 1996 : 94 111 147 122 103 116 99 116 102 109 112 96 111 1997 : 111 105 118 113 106 112 112 122 119 145 122 136 118 1998 : 120 114 123 153 126 107 119 112 111 131 113 117 121 1999 : 106 112 120 130 118 110 105 106 104 97 100 97 109 2000 : 97 87 107 139 135 117 118 127 142 123 143 112 121 : : Potatoes and Dry Beans : : 1910-14=100 : 1996 : 564 589 633 668 696 707 700 521 482 461 452 434 576 1997 : 426 431 433 433 477 431 499 544 440 433 457 477 457 1998 : 491 524 554 546 559 539 517 482 449 415 450 476 500 1999 : 489 497 520 546 532 557 610 517 451 429 474 463 507 2000 : 491 500 524 526 553 533 571 481 409 384 389 397 480 : : 1990-92=100 : 1996 : 111 116 125 132 138 140 138 103 95 91 89 86 114 1997 : 84 85 86 85 94 85 99 107 87 85 90 94 90 1998 : 97 104 109 108 111 106 102 95 89 82 89 94 99 1999 : 97 98 103 108 105 110 121 102 89 85 94 91 100 2000 : 97 99 104 104 109 105 113 95 81 76 77 78 95 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Months and Annual Average, United States, 1996-2000 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Other Crops : : 1910-14=100 : 1996 : 532 532 532 532 532 532 532 532 532 532 532 532 532 1997 : 532 532 532 532 532 532 532 532 532 532 532 532 532 1998 : 532 532 532 532 532 532 532 532 532 532 532 532 532 1999 : 532 532 532 532 532 532 532 532 532 532 532 532 532 2000 : 532 532 532 532 532 532 532 532 532 532 532 532 532 : : 1990-92=100 : 1996 : 108 108 108 108 108 108 108 108 108 108 108 108 108 1997 : 108 108 108 108 108 108 108 108 108 108 108 108 108 1998 : 108 108 108 108 108 108 108 108 108 108 108 108 108 1999 : 108 108 108 108 108 108 108 108 108 108 108 108 108 2000 : 108 108 108 108 108 108 108 108 108 108 108 108 108 : : Food Commodities : : 1990-92=100 : 1996 : 102 101 105 102 106 113 113 113 113 111 109 106 108 1997 : 105 102 106 104 105 106 106 107 106 106 105 104 105 1998 : 101 99 101 104 103 101 101 102 100 101 101 99 101 1999 : 97 96 97 97 97 97 95 100 98 93 97 93 96 2000 : 91 92 95 102 102 100 99 99 100 94 100 98 98 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Months and Annual Average, United States, 1996-2000 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Livestock and Products : : 1910-14=100 : 1996 : 718 717 719 713 741 765 786 794 809 790 786 789 761 1997 : 753 751 761 761 766 747 763 761 756 741 753 748 755 1998 : 726 721 728 731 734 756 742 757 751 753 744 742 740 1999 : 740 718 728 695 717 729 728 752 750 739 755 726 731 2000 : 718 721 736 765 758 765 768 746 753 738 764 778 751 : : 1990-92=100 : 1996 : 94 93 94 93 97 100 102 104 105 103 102 103 99 1997 : 98 98 99 99 100 97 99 99 99 97 98 98 98 1998 : 95 94 95 95 96 98 97 99 98 98 97 97 97 1999 : 96 94 95 91 93 95 95 98 98 96 98 95 95 2000 : 94 94 96 100 99 100 100 97 98 96 100 101 98 : : Meat Animals : : 1910-14=100 : 1996 : 832 839 841 820 853 869 907 923 936 920 918 920 882 1997 : 913 918 937 956 982 952 963 952 935 910 899 881 933 1998 : 851 830 834 856 888 873 808 792 745 765 728 676 804 1999 : 764 788 802 822 848 852 828 865 852 886 884 891 840 2000 : 914 930 963 1008 992 983 973 932 918 934 937 969 954 : : 1990-92=100 : 1996 : 82 82 83 81 84 85 89 91 92 91 90 90 87 1997 : 90 90 92 94 97 94 95 94 92 89 88 87 92 1998 : 84 82 82 84 87 86 80 78 73 75 72 66 79 1999 : 75 77 79 81 83 84 81 85 84 87 87 88 83 2000 : 90 91 95 99 98 97 96 92 90 92 92 95 94 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Months and Annual Average, United States, 1996-2000 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Dairy Products : : 1910-14=100 : 1996 : 866 854 848 854 879 910 946 977 1014 1008 934 879 914 1997 : 830 823 836 811 780 750 744 780 805 866 903 910 820 1998 : 903 916 891 860 817 873 879 953 1032 1094 1100 1112 953 1999 : 1069 934 934 774 780 805 848 928 965 916 885 750 882 2000 : 737 725 731 731 737 750 780 774 787 768 774 805 758 : : 1990-92=100 : 1996 : 108 106 106 106 109 113 118 122 126 126 116 109 114 1997 : 103 103 104 101 97 93 93 97 100 108 113 113 102 1998 : 113 114 111 107 102 109 109 119 129 136 137 139 119 1999 : 133 116 116 96 97 100 106 116 120 114 110 93 110 2000 : 92 90 91 91 92 93 97 96 98 96 96 100 94 : : Poultry and Eggs : : 1910-14=100 : 1996 : 329 318 315 315 326 344 343 345 346 341 355 361 337 1997 : 335 325 319 313 314 313 333 330 325 303 314 301 319 1998 : 299 292 305 305 304 326 346 369 361 353 348 335 329 1999 : 324 308 306 301 312 319 318 316 307 294 326 311 312 2000 : 293 293 293 312 305 315 314 309 326 301 336 321 310 : : 1990-92=100 : 1996 : 117 113 112 112 116 122 122 123 123 121 126 128 120 1997 : 119 116 113 111 112 111 118 117 116 108 112 107 113 1998 : 106 104 108 109 108 116 123 131 128 126 124 119 117 1999 : 115 110 109 107 111 114 113 112 109 104 116 110 111 2000 : 104 104 104 111 108 112 112 110 116 107 119 114 110 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Parity Price Equivalent for Manufacturing Grade Milk By direction of the Secretary of Agriculture, the parity price equivalent for manufacturing grade milk is determined as follows: (1) Based on data for the 10 calendar years immediately preceding, compute the ratio of (a) the average price received by farmers, f.o.b. plant, for all manufacturing grade milk to (b) the average price received by farmers, f.o.b plant, for all milk sold to plants and dealers. (2) The parity price for all milk sold to plants is multiplied by the resulting ratio of (a) to (b) to determine the parity price equivalent for manufacturing milk. The parity price equivalent for manufacturing milk is not in itself a parity price but rather is an administrative determination based on the above price relationship. The ratio is computed in January of each year and is used throughout the calendar year. The ratio to be used during 2001 is 91.0, up from 2000. The parity price for all milk sold to plants is $32.00 per cwt. This price multiplied by 91.0 percent, results in $29.12 per cwt as the parity price equivalent for manufacturing milk of average milkfat content. In 2000, the simple average of monthly fat tests for manufacturing grade milk was 3.79 percent. The fat test ranged from a low of 3.62 in July to a high of 3.98 percent in December. Manufacturing Grade Milk: Average Price Per Cwt Received by Months, United States, January 1991-December 2000 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Year : Jan : Feb : Mar : Apr : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec : : : : : : : : : : : : -------------------------------------------------------------------------------- : Dollars : 1991 : 10.60 10.20 10.20 10.10 10.20 10.40 10.80 11.30 12.00 12.60 12.70 12.30 1992 : 11.80 11.30 11.10 11.50 12.00 12.20 12.30 12.30 12.20 12.20 12.00 11.50 1993 : 11.10 10.90 11.20 12.00 12.30 11.90 11.20 11.00 11.90 12.40 12.70 12.50 1994 : 12.30 12.20 12.40 12.50 11.40 11.00 11.10 11.40 11.90 12.20 12.00 11.50 1995 : 11.40 11.70 11.70 11.20 11.00 11.10 11.00 11.30 12.10 12.80 13.10 12.90 1996 : 12.80 12.60 12.60 12.90 13.40 13.60 14.00 14.60 15.30 14.60 12.40 11.80 1997 : 12.10 12.50 12.40 11.60 10.90 10.80 10.80 11.90 12.70 13.20 13.60 13.60 1998 : 13.50 13.50 12.90 12.10 11.30 13.10 14.10 14.60 15.40 16.80 17.30 17.40 1999 : 15.40 12.40 12.50 12.00 11.60 12.00 13.40 15.40 15.10 12.70 11.10 10.80 2000 : 10.70 10.20 10.10 10.20 10.10 10.30 10.70 10.70 11.20 10.80 10.40 10.80 -------------------------------------------------------------------------------- 1/ Before hauling costs are deducted and including premiums paid to farmers. Average price January 1991 - December 2000 a. Manufacturing grade milk 12.20 b. All milk sold at wholesale to plants and dealers 13.40 c. Ratio a/b 91.0 Parity price equivalent for manufacturing grade milk - United States a. January 2000 28.30 b. December 2000 29.02 c. January 2001 29.12 Reliability of Prices Received Estimates Definition: Prices received represent sales from producers to first buyers. They include all grades and qualities. The average commodity price from the survey multiplied by the total quantity marketed theoretically should give the total cash receipts for the commodity. Survey Procedures: Primary sales data used to determine grain prices were obtained from probability samples of 2600 mills and elevators. These procedures ensure that virtually all grain moving into commercial channels has a chance of being included in the survey. Generally, States surveyed account for 90 percent or more of total U.S. production. Livestock prices are obtained from packers, stockyards, auctions, dealers, and market check data from AMS-USDA, private marketing organizations, and state commodity groups and agencies. Inter-farm sales of grain and livestock are not included since they represent very small percentages of the total marketings. Grain marketed for seed is also excluded. Fruit and vegetable prices are obtained from sample surveys and market check data from AMS-USDA, private marketing organizations, state agencies, and universities. Summary and Estimation Procedures: Survey quantities sold are expanded by strata to state levels and used to weight average strata prices to a state average. State prices are then weighted to a U.S. price based on expanded marketings. Recommendations are prepared by the State Statistical Offices and reviewed by the Agricultural Statistics Board in Washington, D.C. State recommendations are reviewed for reasonableness with survey data, other States, and recent historic estimates. Revisions: For most items, the current month's price represents a 3-5 day period around the mid-month. Previous month's prices represent actual dollars received for quantities sold during the entire month. Revisions are published in monthly issues of "Agricultural Prices". Reliability: U.S. price estimates based on probability surveys generally have a sampling error of less than one percent for the major commodities such as corn, wheat, soybeans, cotton, and rice. Current methods of summarization for non-probability commodities are not designed directly to calculate sampling errors. However, analytical measures approximate the U.S. relative sampling errors at around five percent. Any nonsampling errors are attributed to such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these nonsampling errors. Prices Paid by Farmers The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) was 122 (1990-92=100), unchanged from December 2000 but 3.4 percent above January 2000. Production Index: The January farm production, goods, and services index, at 119, was up 0.8 percent from last month and 4.4 percent above last year. Higher prices in January for feed concentrates, complete feeds, nitrogen fertilizers, and insecticides, more than offset lower prices for feeder cattle, diesel fuel, feed grains, and hay and forages. Feed: The Feed Index, at 109, was 2.8 percent more than December and 11 percent above last January. Since December, higher prices for feed concentrates, complete feeds, and feed supplements more than offset lower prices for feed grains and hay and forages. Livestock and Poultry: The index for livestock and poultry purchases, at 111, was 3.5 percent lower than last month but unchanged from a year earlier. Since December, lower prices for feeder cattle more than offset higher prices for feeder pigs. The January feeder cattle price at, $92.20 per cwt, was down $4.70 per cwt from the December price. Fertilizer: The Fertilizer Index, at 123, was up 3.4 percent from December and 17 percent more than January a year ago. Since December, prices were higher for nitrogen fertilizers, mixed fertilizers, and potash and phosphate materials. Agricultural Chemicals: The chemical index, at 121, was up 0.8 percent from last month and 1.7 percent above last January. Prices were higher in January for insecticides and other chemicals. Fuels: The Fuels Index, at 143, was down 2.1 percent from a month earlier but 27 percent above January 2000. Compared to last month, prices were lower for diesel fuel but higher for gasoline and LP gas. Farm Machinery: The January Farm Machinery Index was 137, unchanged from December and last January. Since December, prices were slightly higher for other machinery. Consumer Price Index: The December 2000 Consumer Price Index for all urban consumers (CPI-U) declined 0.1 percent, before seasonal adjustment, to a level of 174.0 (1982-84=100). This compares to the November index of 174.1. For the 12-month period ending in December, the overall index has increased 3.4 percent. Index Numbers of Prices Paid by Farmers and Related Parity Ratios United States, January 2001 With Comparisons -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2000 : 2001 : 2000 : 2001 Ratios :---------------------------------------------- : Jan : Dec : Jan : Jan : Dec : Jan -------------------------------------------------------------------------------- Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1568 *1621 1628 118 *122 122 Production : 1104 *1148 1152 114 118 119 Feed : 480 *517 534 98 *106 109 Livestock and Poultry : 1419 1467 1417 111 115 111 Seeds : 1196 1223 1223 121 124 124 Fertilizer : 384 *437 451 105 *119 123 Agricultural Chemicals : 738 *742 751 119 *120 121 Fuels : 875 *1125 1106 113 *146 143 Supplies & Repairs : 870 *888 888 123 125 125 Autos & Trucks : 3175 *3172 3193 119 119 120 Farm Machinery : 3442 *3434 3438 137 137 137 Building Material : 1644 *1639 1639 121 *121 121 Farm Services & Rent : 1375 1383 1375 Farm Services : 117 118 118 Rent : 113 113 112 Interest 1/ : 2764 2764 2901 110 110 116 Taxes 2/ : 3281 3281 3281 123 123 123 Wage Rates : 5234 5357 5357 140 143 143 Production, Interest, Taxes, : & Wage Rates (PITW) : 1560 *1614 1623 116 120 121 Family Living-CPI 3/ : 1603 *1653 1653 125 129 129 -------------------------------------------------------------------------------- Ratio (Received\Paid) : 77 *80 79 Parity Ratio 4/ : 37 *38 38 Parity Ratio Adjusted 5/ : 41 *43 40 PPITW Adjusted for : Productivity 6/ : 1077 *1102 1115 -------------------------------------------------------------------------------- Crop Sector (PPITW) : 120 124 124 Livestock Sector (PPITW) : 115 *120 120 -------------------------------------------------------------------------------- Farm Sector (Production) : 105 *111 112 Non-Farm Sector (Production) : 118 *122 122 -------------------------------------------------------------------------------- * Revised. 1/ Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. 2/ Farm real estate taxes payable per acre. 3/ Bureau of Labor Statistics, Consumer Price Index for all urban consumers (CPI-U), for the previous month converted by the USDA. 4/ Ratio of index of prices received to PPITW (1910-14=100). 5/ Based on estimated cash receipts, from marketings and government payments, the preliminary adjustment factor is 1.071 for 2001 and the revised factor is 1.113 for 2000. 6/ PPITW is adjusted based on productivity trend for the prior 15 years. Prices Paid Indexes and Annual Weights for Input Components and Sub-Components United States, January 2001 With Comparisons -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 1/ : 2000 : 2001 :----------------------------------------------------- : 2000 : 2001 : Jan : Dec : Jan -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 67.3 67.1 114 118 119 : Feed : 11.7 11.5 98 *106 109 Feed Grains : 1.7 1.6 81 *86 85 Complete Feeds : 5.7 5.6 102 *105 108 Hay/Forages : 1.5 1.4 97 111 110 Concentrates : 1.8 1.8 93 *114 126 Supplements : 1.0 1.0 118 *119 123 Livestock & Poultry : 6.8 6.7 111 115 111 Feeder Cattle : 5.3 5.2 109 114 109 Feeder Pigs : 0.5 0.5 126 118 123 Milk Cow Replacements : 0.5 0.5 118 120 120 Poultry : 0.4 0.4 109 109 109 Seeds : 2.9 3.0 121 124 124 Field Crops : 2.7 2.7 121 124 124 Grasses/Legumes : 0.3 0.3 121 115 115 Fertilizer : 4.9 4.8 105 *119 123 Mixed Fertilizer : 2.2 2.1 109 *109 110 Nitrogen : 2.1 2.0 97 *134 141 Potash & Phosphate : 0.7 0.7 114 *109 110 Agricultural Chemicals : 3.9 4.0 119 *120 121 Herbicides : 2.5 2.5 112 111 111 Insecticides : 0.9 0.9 140 *146 152 Fungicides/Other : 0.6 0.6 119 119 119 Fuels : 2.6 2.6 113 *146 143 Diesel : 1.5 1.5 113 *153 149 Gasoline : 0.8 0.7 111 *129 129 LP Gas : 0.4 0.4 119 *149 149 Farm Supplies & Repairs : 5.6 5.6 123 125 125 Supplies : 1.9 1.9 117 119 119 Repairs : 3.7 3.7 125 128 128 Autos & Trucks : 1.6 1.7 119 119 120 Autos : 0.2 0.2 112 *112 113 Trucks : 1.4 1.5 120 120 121 Farm Machinery : 4.0 4.0 137 137 137 Tractors : 0.9 0.9 135 137 137 Self-Propelled : 1.6 1.6 136 133 133 Other Machinery : 1.5 1.5 140 141 142 Building Materials : 2.8 2.8 121 *121 121 Farm Services : 12.4 12.4 117 118 118 Custom Rates : 1.3 1.3 119 119 119 Other Services : 11.2 11.1 116 118 118 Rent : 8.1 7.9 113 113 112 Cash : 4.0 4.0 137 137 132 Share : 4.1 3.9 91 91 91 Interest : 4.9 4.9 110 110 116 Taxes : 3.1 3.1 123 123 123 Wage Rates : 7.0 7.2 140 143 143 Family Living-CPI : 17.7 17.8 125 129 129 -------------------------------------------------------------------------------- * Revised. 1/ Weights may not add due to rounding. Feed Price Ratios: United States, January 2001 with Comparisons -------------------------------------------------------------------------------- : 2000 : 2001 Feed Price Ratio 1/ :------------------------------ : Jan : Dec : Jan -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight: 6.7 6.5 6.5 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 8.9 *15.0 11.1 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 19.3 *20.2 18.9 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 3.07 *3.05 3.16 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 37.5 *39.0 40.5 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 7.6 *8.1 7.4 -------------------------------------------------------------------------------- 1/ Effective April 1997, prices of commercial prepared feeds are based on current U.S. prices received for corn, soybeans, alfalfa hay, and all wheat. * Revised. Prices Used to Calculate Feed Price Ratios: United States, January 2001 with Comparisons -------------------------------------------------------------------------------- : : : : 2000 : 2001 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.350 0.350 0.340 Eggs, Market : Doz : 0.397 0.694 0.503 : : Hogs, All : Cwt : 36.80 *39.80 37.10 Milk, All : Cwt : 12.00 *13.10 13.50 : : Steers and Heifers : Cwt : 71.60 *76.80 79.30 Turkeys, Live : Lb : 0.364 *0.405 0.366 : : Corn : Bu : 1.91 *1.97 1.96 Hay, Alfalfa, Baled : Ton : 76.00 91.00 91.30 : : Soybeans : Bu : 4.62 *4.78 4.59 Wheat, All : Bu : 2.51 *2.87 2.88 -------------------------------------------------------------------------------- * Revised. Feeder Livestock: Prices Paid, United States January 2001 with Comparisons -------------------------------------------------------------------------------- : : 2000 : 2001 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 92.20 96.90 92.20 Feeder Pigs : Cwt : 116.00 108.00 113.00 -------------------------------------------------------------------------------- Grazing Fee Rates for Cattle by Selected States and Regions -------------------------------------------------------------------------------- : Survey Average Rates 1/ :-------------------------------------------------------------- State : Animal Unit 2/ : Cow-Calf : Per Head :-------------------------------------------------------------- : 1999 : 2000 : 1999 : 2000 : 1999 : 2000 -------------------------------------------------------------------------------- : Dollars per Month : AZ : 7.40 7.20 9.75 10.00 8.00 7.40 : CA : 12.10 12.30 15.00 15.50 12.50 12.70 : CO : 12.00 11.80 14.20 14.40 10.90 12.20 : ID : 11.10 10.90 13.00 13.00 11.80 11.50 : KS : 11.50 12.00 13.00 14.00 11.50 12.00 : MT : 13.20 14.10 15.00 15.60 14.00 14.70 : NE : 19.00 20.00 23.00 24.00 19.70 21.00 : NV : 9.00 9.50 11.50 11.50 10.00 10.50 : NM : 8.80 9.00 10.10 11.50 10.00 9.40 : ND : 10.30 10.90 11.10 12.50 10.70 12.50 : OK : 8.00 7.00 9.00 8.50 7.50 7.00 : OR : 11.10 10.70 12.30 12.90 11.60 10.00 : SD : 14.70 15.50 17.20 17.60 14.90 16.40 : TX : 8.00 8.50 8.75 10.50 8.50 8.50 : UT : 10.00 10.80 12.10 13.10 11.10 11.30 : WA : 10.00 8.90 11.30 11.20 11.20 9.90 : WY : 11.70 12.20 13.50 14.10 12.00 12.60 : 17-State 3/ : 11.10 11.50 12.80 13.70 11.50 11.90 : 16-State 4/ : 12.30 12.60 14.30 14.90 12.60 13.10 : 11-State 5/ : 11.40 11.60 13.30 13.80 11.90 12.00 : 9-State 6/ : 11.00 11.40 12.60 13.60 11.20 11.80 -------------------------------------------------------------------------------- 1/ The average rates are estimates (rates over $10.00 are rounded to the nearest dime) based on survey indications of monthly lease rates for private, non- irrigated grazing land from the January Agricultural Survey. 2/ Includes animal unit plus cow-calf rates. Cow-calf rate converted to animal unit (AUM) using (1 aum=cow-calf *0.833). 3/ Seventeen State: All States. 4/ Sixteen State: All States except Texas. 5/ Eleven State: AZ, CA, CO, ID, MT, NV, NM, OR, UT, WA, WY. 6/ Nine State: CO, KS, NE, NM, ND, OK, SD, TX, WY. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Commodities and Services, Interest, Taxes, and Wage Rates : (PPITW) : : 1910-14 = 100 : 1997 :1558 1563 1570 1576 1582 1577 1571 1573 1580 1578 1581 1580 1574 1998 :1561 1558 1548 1544 1541 1535 1527 1519 1506 1515 1516 1512 1532 1999 :1522 1521 1521 1529 1525 1528 1522 1525 1533 1543 1546 1553 1531 2000 :1568 1578 1585 1587 1588 1593 1590 1580 1592 1608 1612 1621 1592 2001 :1628 1628 : : 1990-92 = 100 : 1997 : 117 117 118 118 119 118 118 118 119 118 119 119 118 1998 : 117 117 116 116 116 115 115 114 113 114 114 114 115 1999 : 114 114 114 115 115 115 114 115 115 116 116 117 115 2000 : 118 119 119 119 119 120 119 119 120 121 121 122 120 2001 : 122 122 : : Items Used for Production, Interest, Taxes, and Wage Rates : (PITW) : : 1910-14 = 100 : 1997 :1568 1574 1581 1588 1596 1589 1582 1583 1591 1587 1592 1590 1585 1998 :1567 1562 1550 1544 1539 1532 1522 1511 1495 1505 1507 1502 1528 1999 :1513 1513 1511 1519 1513 1517 1509 1512 1519 1532 1534 1543 1520 2000 :1560 1570 1577 1579 1579 1584 1579 1566 1580 1599 1603 1614 1583 2001 :1623 1623 : : 1990-92 = 100 : 1997 : 117 117 118 118 119 118 118 118 118 118 118 118 118 1998 : 117 116 115 115 115 114 113 113 111 112 112 112 114 1999 : 113 113 112 113 113 113 112 113 113 114 114 115 113 2000 : 116 117 117 118 118 118 118 117 118 119 119 120 118 2001 : 121 121 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Items Used for Production : : 1910-14 = 100 : 1997 :1135 1140 1146 1155 1162 1156 1152 1153 1161 1150 1154 1152 1151 1998 :1124 1121 1110 1107 1102 1096 1092 1082 1068 1071 1072 1068 1093 1999 :1070 1069 1068 1077 1072 1075 1072 1074 1081 1088 1090 1098 1078 2000 :1104 1113 1119 1121 1121 1125 1124 1113 1125 1135 1139 1148 1124 2001 :1152 1152 : : 1990-92 = 100 : 1997 : 117 117 118 119 120 119 119 119 120 118 119 119 119 1998 : 116 116 114 114 114 113 113 112 110 110 111 110 113 1999 : 110 110 110 111 110 111 111 111 111 112 112 113 111 2000 : 114 115 115 116 116 116 116 115 116 117 117 118 116 2001 : 119 119 : : Feed : : 1910-14 = 100 : 1997 : 587 592 617 625 637 620 599 605 625 602 616 621 612 1998 : 599 594 577 556 545 537 545 521 498 488 503 505 539 1999 : 509 503 491 498 493 487 474 475 477 475 475 478 486 2000 : 480 492 499 497 514 503 485 462 478 489 496 517 493 2001 : 534 534 : : 1990-92 = 100 : 1997 : 120 121 126 128 130 127 123 124 128 123 126 127 125 1998 : 123 122 118 114 112 110 112 107 102 100 103 104 110 1999 : 104 103 101 102 101 100 97 97 98 97 97 98 100 2000 : 98 101 102 102 105 103 99 95 98 100 102 106 101 2001 : 109 109 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Poultry : : 1910-14 = 100 : 1997 :1092 1136 1144 1205 1226 1220 1282 1242 1231 1209 1198 1218 1200 1998 :1196 1206 1166 1199 1168 1121 1059 1064 1016 1091 1097 1089 1123 1999 :1154 1199 1177 1180 1142 1185 1177 1156 1203 1288 1339 1404 1217 2000 :1419 1392 1375 1430 1351 1383 1425 1373 1345 1416 1438 1467 1401 2001 :1417 1417 : : 1990-92 = 100 : 1997 : 85 89 89 94 96 95 100 97 96 95 94 95 94 1998 : 94 94 91 94 91 88 83 83 80 85 86 85 88 1999 : 90 94 92 92 89 93 92 90 94 101 105 110 95 2000 : 111 109 108 112 106 108 111 107 105 111 112 115 110 2001 : 111 111 : : Seeds : : 1910-14 = 100 : 1997 :1161 1161 1161 1186 1186 1186 1186 1186 1186 1186 1186 1186 1179 1998 :1186 1186 1186 1216 1216 1216 1216 1216 1216 1216 1216 1216 1208 1999 :1216 1216 1216 1196 1196 1196 1196 1196 1196 1196 1196 1196 1201 2000 :1196 1196 1196 1223 1223 1223 1223 1223 1223 1223 1223 1223 1216 2001 :1223 1223 : : 1990-92 = 100 : 1997 : 117 117 117 120 120 120 120 120 120 120 120 120 119 1998 : 120 120 120 123 123 123 123 123 123 123 123 123 122 1999 : 123 123 123 121 121 121 121 121 121 121 121 121 121 2000 : 121 121 121 124 124 124 124 124 124 124 124 124 123 2001 : 124 124 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fertilizer : : 1910-14 = 100 : 1997 : 455 457 457 455 453 446 439 438 437 432 429 423 443 1998 : 426 422 423 416 420 419 415 410 403 401 396 390 412 1999 : 390 390 393 394 389 385 379 378 378 383 378 379 385 2000 : 384 388 388 390 391 396 408 410 413 421 425 437 404 2001 : 451 451 : : 1990-92 = 100 : 1997 : 124 125 125 124 124 122 120 120 119 118 117 115 121 1998 : 116 115 115 114 115 114 113 112 110 109 108 107 112 1999 : 107 106 107 107 106 105 103 103 103 105 103 103 105 2000 : 105 106 106 106 107 108 111 112 113 115 116 119 110 2001 : 123 123 : : Agricultural Chemicals : : 1910-14 = 100 : 1997 : 744 730 732 740 746 745 743 743 749 754 759 760 745 1998 : 763 760 760 755 756 759 756 764 743 753 752 754 756 1999 : 756 740 751 751 741 747 741 749 748 756 738 737 746 2000 : 738 740 742 737 742 743 743 742 744 744 734 742 741 2001 : 751 751 : : 1990-92 = 100 : 1997 : 120 118 118 120 121 120 120 120 121 122 123 123 121 1998 : 123 123 123 122 122 123 122 124 120 122 122 122 122 1999 : 122 120 121 122 120 121 120 121 121 122 119 119 121 2000 : 119 120 120 119 120 120 120 120 120 120 119 120 120 2001 : 121 121 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fuels : : 1910-14 = 100 : 1997 : 887 870 808 799 785 775 750 809 825 840 848 790 816 1998 : 740 708 664 685 706 660 636 612 630 627 609 530 651 1999 : 528 506 553 677 698 691 747 819 864 835 862 861 720 2000 : 875 967 1036 963 958 1033 1017 1033 1180 1176 1196 1125 1046 2001 :1106 1106 : : 1990-92 = 100 : 1997 : 115 113 105 104 102 100 97 105 107 109 110 102 106 1998 : 96 92 86 89 91 85 82 79 82 81 79 69 84 1999 : 68 66 72 88 90 90 97 106 112 108 112 112 93 2000 : 113 125 134 125 124 134 132 134 153 152 155 146 136 2001 : 143 143 : : Farm Supplies and Repairs : : 1910-14 = 100 : 1997 : 825 829 831 834 837 836 839 837 838 837 839 838 835 1998 : 838 839 840 845 844 846 848 848 851 855 851 850 846 1999 : 856 855 858 860 859 860 864 862 861 866 867 871 861 2000 : 870 871 872 878 878 881 878 880 880 883 885 888 879 2001 : 888 888 : : 1990-92 = 100 : 1997 : 116 117 117 117 118 118 118 118 118 118 118 118 118 1998 : 118 118 118 119 119 119 119 120 120 120 120 120 119 1999 : 121 120 121 121 121 121 122 121 121 122 122 123 121 2000 : 123 123 123 124 124 124 124 124 124 124 125 125 124 2001 : 125 125 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Autos and Trucks : : 1910-14 = 100 : 1997 :3176 3188 3186 3180 3164 3154 3148 3135 3134 3152 3158 3160 3161 1998 :3169 3170 3170 3171 3147 3125 3133 3138 3133 3133 3160 3173 3152 1999 :3182 3177 3168 3171 3164 3163 3154 3142 3144 3160 3179 3188 3166 2000 :3175 3165 3173 3182 3178 3168 3154 3142 3126 3129 3151 3172 3160 2001 :3193 3193 : : 1990-92 = 100 : 1997 : 119 120 120 120 119 119 118 118 118 119 119 119 119 1998 : 119 119 119 119 118 118 118 118 118 118 119 119 119 1999 : 120 119 119 119 119 119 119 118 118 119 120 120 119 2000 : 119 119 119 120 120 119 119 118 118 118 119 119 119 2001 : 120 120 : : Farm Machinery : : 1910-14 = 100 : 1997 :3181 3185 3188 3196 3202 3205 3207 3214 3221 3260 3263 3269 3216 1998 :3274 3279 3288 3300 3303 3309 3311 3316 3321 3354 3350 3352 3313 1999 :3360 3363 3366 3377 3384 3388 3393 3398 3409 3417 3430 3436 3393 2000 :3442 3452 3460 3474 3476 3412 3414 3415 3425 3432 3431 3434 3439 2001 :3438 3438 : : 1990-92 = 100 : 1997 : 127 127 127 127 128 128 128 128 128 130 130 130 128 1998 : 131 131 131 132 132 132 132 132 132 134 134 134 132 1999 : 134 134 134 135 135 135 135 135 136 136 137 137 135 2000 : 137 138 138 138 139 136 136 136 137 137 137 137 137 2001 : 137 137 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Building Materials : : 1910-14 = 100 : 1997 : 117 117 118 118 118 118 118 118 118 118 118 118 118 1998 : 118 118 118 118 118 118 118 119 119 118 118 118 118 1999 : 118 119 119 119 119 120 121 121 120 120 120 121 120 2000 : 121 121 122 122 121 121 121 121 121 121 121 121 121 2001 : 121 121 : : 1990-92 = 100 : 1997 :1585 1593 1598 1605 1609 1607 1609 1608 1605 1600 1602 1600 1602 1998 :1599 1600 1604 1607 1606 1604 1609 1611 1610 1604 1602 1602 1605 1999 :1606 1610 1616 1618 1623 1634 1645 1644 1635 1630 1633 1637 1628 2000 :1644 1648 1654 1657 1651 1649 1645 1643 1643 1642 1639 1639 1646 2001 :1639 1639 : : Farm Services and Rent 2/ : : 1910-14 = 100 : 1997 :1473 1473 1474 1472 1474 1484 1485 1483 1485 1475 1474 1471 1477 1998 :1394 1391 1391 1391 1393 1402 1402 1400 1397 1392 1387 1386 1394 1999 :1358 1359 1359 1359 1361 1368 1370 1369 1371 1367 1364 1365 1364 2000 :1375 1377 1379 1379 1379 1389 1391 1391 1391 1387 1383 1383 1384 2001 :1375 1375 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. 2/ For the 1990-92=100 period, the Farm Services and Rent Index is separated. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Services : : 1990-92 = 100 : 1997 : 116 116 116 115 116 117 117 117 117 116 116 115 116 1998 : 115 115 115 115 115 116 116 116 116 115 114 114 115 1999 : 115 115 115 115 115 116 116 116 116 116 115 116 116 2000 : 117 117 117 117 117 119 119 119 119 118 118 118 118 2001 : 118 118 : : Rent : : 1990-92 = 100 : 1997 : 136 136 136 136 136 136 136 136 136 136 136 136 136 1998 : 120 120 120 120 120 120 120 120 120 120 120 120 120 1999 : 113 113 113 113 113 113 113 113 113 113 113 113 113 2000 : 113 113 113 113 113 113 113 113 113 113 113 113 113 2001 : 112 112 : : Interest : : 1910-14 = 100 : 1997 :2621 2621 2621 2621 2621 2621 2621 2621 2621 2621 2621 2621 2621 1998 :2617 2617 2617 2617 2617 2617 2617 2617 2617 2617 2617 2617 2617 1999 :2663 2663 2663 2663 2663 2663 2663 2663 2663 2663 2663 2663 2663 2000 :2764 2764 2764 2764 2764 2764 2764 2764 2764 2764 2764 2764 2764 2001 :2901 2901 : : 1990-92 = 100 : 1997 : 105 105 105 105 105 105 105 105 105 105 105 105 105 1998 : 104 104 104 104 104 104 104 104 104 104 104 104 104 1999 : 106 106 106 106 106 106 106 106 106 106 106 106 106 2000 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2001 : 116 116 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Taxes : : 1910-14 = 100 : 1997 :3093 3093 3093 3093 3093 3093 3093 3093 3093 3093 3093 3093 3093 1998 :3185 3185 3185 3185 3185 3185 3185 3185 3185 3185 3185 3185 3185 1999 :3214 3214 3214 3214 3214 3214 3214 3214 3214 3214 3214 3214 3214 2000 :3281 3281 3281 3281 3281 3281 3281 3281 3281 3281 3281 3281 3281 2001 :3281 3281 : : 1990-92 = 100 : 1997 : 115 115 115 115 115 115 115 115 115 115 115 115 115 1998 : 119 119 119 119 119 119 119 119 119 119 119 119 119 1999 : 120 120 120 120 120 120 120 120 120 120 120 120 120 2000 : 123 123 123 123 123 123 123 123 123 123 123 123 123 2001 : 123 123 : : Wage Rates : : 1910-14 = 100 : 1997 :4652 4652 4652 4542 4542 4542 4446 4446 4446 4723 4723 4723 4591 1998 :4917 4917 4917 4840 4840 4840 4685 4685 4685 4911 4911 4911 4838 1999 :5130 5130 5130 5059 5059 5059 4898 4898 4898 5059 5059 5059 5037 2000 :5234 5234 5234 5227 5227 5227 5098 5098 5098 5357 5357 5357 5229 2001 :5357 5357 : : 1990-92 = 100 : 1997 : 124 124 124 121 121 121 119 119 119 126 126 126 123 1998 : 131 131 131 129 129 129 125 125 125 131 131 131 129 1999 : 137 137 137 135 135 135 131 131 131 135 135 135 135 2000 : 140 140 140 140 140 140 136 136 136 143 143 143 140 2001 : 143 143 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Family Living : : 1910-14 = 100 : 1997 :1511 1516 1520 1522 1521 1522 1524 1527 1531 1535 1534 1532 1525 1998 :1535 1538 1541 1543 1546 1548 1550 1552 1554 1558 1558 1557 1548 1999 :1560 1562 1567 1579 1579 1579 1583 1587 1595 1598 1598 1598 1582 2000 :1603 1613 1626 1627 1629 1637 1641 1641 1650 1653 1654 1653 1636 2001 :1653 1653 : : 1990-92 = 100 : 1997 : 118 118 119 119 119 119 119 119 120 120 120 120 119 1998 : 120 120 120 121 121 121 121 121 121 122 122 122 121 1999 : 122 122 122 123 123 123 124 124 125 125 125 125 124 2000 : 125 126 127 127 127 128 128 128 129 129 129 129 128 2001 : 129 129 : : Production Items With Farm Origin 2/ : : 1990-92 = 100 : 1997 : 107 109 112 115 117 115 114 114 116 113 114 115 113 1998 : 112 112 109 108 106 104 103 101 97 98 100 100 104 1999 : 102 103 101 101 100 100 99 98 100 102 103 105 101 2000 : 105 106 106 108 108 107 107 103 104 107 108 111 107 2001 : 112 112 : : Production Items With Non-Farm Origin 3/ : : 1990-92 = 100 : 1997 : 122 122 121 121 121 121 121 121 122 121 121 121 121 1998 : 118 117 117 117 117 117 117 117 116 116 116 115 117 1999 : 114 114 114 116 116 116 116 117 117 117 117 117 116 2000 : 118 119 119 119 119 120 120 120 122 122 122 122 120 2001 : 122 122 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. 2/ Feed, livestock and poultry purchases, and seed. 3/ Fertilizer, agricultural chemicals, fuels, farm supplies and repairs, autos and trucks, farm machinery, building materials, and farm services and rent. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Crop Sector (PPITW) : : 1990-92 = 100 : 1997 : 120 120 120 120 120 120 119 120 120 120 120 120 120 1998 : 119 118 118 118 118 118 118 117 117 118 117 117 118 1999 : 117 117 117 118 118 118 118 118 118 119 119 119 118 2000 : 120 121 121 121 121 122 122 122 123 124 124 124 122 2001 : 124 124 : : Livestock Sector (PPITW) : : 1990-92 = 100 : 1997 : 114 115 116 117 118 117 117 117 117 117 117 117 116 1998 : 116 116 114 114 113 112 112 111 109 110 111 110 112 1999 : 111 112 111 112 111 112 111 111 112 113 113 114 112 2000 : 115 116 117 117 117 117 117 115 116 118 118 120 117 2001 : 120 120 : : Commodities and Services, Interest, Taxes, and Wage Rates : : Adjusted for Productivity : : 1910-14 = 100 : 1997 :1026 1028 1030 1024 1025 1024 1017 1018 1020 1038 1038 1038 1027 1998 :1045 1045 1043 1038 1038 1037 1026 1025 1022 1039 1039 1038 1036 1999 :1049 1049 1049 1048 1047 1048 1037 1038 1041 1053 1054 1055 1047 2000 :1077 1080 1083 1083 1084 1086 1077 1076 1079 1099 1100 1102 1086 2001 :1115 1115 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Parity Ratio 2/ : : 1910-14 = 100 : 1997 : 44 43 44 43 43 43 43 43 43 43 43 42 43 1998 : 42 41 42 43 43 42 42 42 42 42 42 41 42 1999 : 41 40 41 40 41 40 40 41 40 38 38 37 40 2000 : 37 37 38 41 41 39 39 39 39 37 39 38 39 2001 : 38 38 : : Adjusted Parity Ratio 3/ : : 1910-14 = 100 : 1997 : 45 44 45 44 45 45 45 45 45 45 44 44 45 1998 : 45 44 45 46 45 45 45 45 44 44 44 44 45 1999 : 45 45 45 45 45 45 44 45 44 42 42 41 44 2000 : 41 42 43 45 45 44 43 43 43 41 43 43 43 2001 : 40 40 : : Ratio : : 1990-92 = 100 : 1997 : 92 90 92 90 90 91 90 91 90 91 89 89 90 1998 : 88 87 89 90 89 89 88 89 88 87 87 87 88 1999 : 85 84 86 84 85 84 83 85 83 78 80 78 83 2000 : 77 78 81 85 86 83 82 82 82 77 81 80 81 2001 : 79 79 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. 2/ Ratio of index of prices received by farmers to index of prices paid for commodities and services, interest, taxes, and wage rates. 3/ Ratio of the index of prices received by farmers after adjustment for government payments to the index of prices paid for commodities and services, interest, taxes, and wage rates. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Feed Sub-Components : : Feed Grains : 1990-92 = 100 : 1997 : 114 113 118 118 114 109 104 107 107 108 107 107 111 1998 : 109 109 108 102 99 98 94 82 79 81 82 84 94 1999 : 87 87 87 86 84 83 75 76 75 72 73 77 80 2000 : 81 84 87 87 90 83 72 67 70 75 81 86 80 2001 : 85 85 : : Complete Feeds : 1990-92 = 100 : 1997 : 121 122 125 126 129 128 125 125 127 124 125 126 125 1998 : 121 119 118 115 113 112 114 112 106 104 107 108 112 1999 : 109 108 105 106 104 104 102 101 102 102 101 102 104 2000 : 102 103 104 104 105 105 104 98 100 101 103 105 103 2001 : 108 108 : : Hay and Forages : 1990-92 = 100 : 1997 : 126 131 135 142 144 131 124 124 125 125 126 122 130 1998 : 123 125 123 122 121 116 115 114 111 108 107 103 116 1999 : 104 105 103 104 112 104 102 101 100 99 99 96 102 2000 : 97 99 100 102 115 107 104 104 106 110 110 111 105 2001 : 110 110 : : Concentrates : 1990-92 = 100 : 1997 : 117 120 130 135 148 143 142 145 160 133 146 149 139 1998 : 131 131 122 110 109 110 120 107 103 97 102 102 112 1999 : 100 96 91 95 92 93 91 95 95 99 97 94 95 2000 : 93 100 104 100 108 107 101 92 105 104 104 114 103 2001 : 126 126 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Supplements : 1990-92 = 100 : 1997 : 126 125 131 127 124 123 115 117 124 129 134 139 126 1998 : 139 133 125 122 116 108 109 107 104 105 110 113 116 1999 : 115 116 114 118 116 113 112 113 115 112 112 118 114 2000 : 118 120 119 117 114 113 112 109 111 114 115 119 115 2001 : 123 123 : : Livestock and Poultry Sub-Components : : Feeder Cattle : 1990-92 = 100 : 1997 : 80 84 84 89 92 92 98 95 95 94 94 96 91 1998 : 95 95 92 95 92 87 81 82 78 85 86 85 88 1999 : 89 91 88 88 84 89 93 91 95 101 104 109 93 2000 : 109 105 102 107 101 106 111 107 104 111 113 114 107 2001 : 109 109 : : Feeder Pigs : 1990-92 = 100 : 1997 : 112 118 121 136 128 119 119 109 97 87 81 77 109 1998 : 68 81 68 70 72 70 65 62 55 55 53 55 65 1999 : 66 96 103 106 109 96 52 46 58 73 88 111 84 2000 : 126 137 147 159 136 118 114 103 98 101 106 118 122 2001 : 123 123 : : Milk Cow Replacements : 1990-92 = 100 : 1997 : 97 97 97 98 98 98 98 98 98 97 97 97 97 1998 : 95 95 95 98 98 98 99 99 99 105 105 105 99 1999 : 111 111 111 110 110 110 113 113 113 122 122 122 114 2000 : 118 118 118 119 119 119 120 120 120 120 120 120 119 2001 : 120 120 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Poultry : 1990-92 = 100 : 1997 : 106 106 106 106 106 106 106 106 106 106 106 106 106 1998 : 106 106 106 106 106 106 106 106 106 106 106 106 106 1999 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2000 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2001 : 109 109 : : Seeds Sub-Components : : Field Crops : 1990-92 = 100 : 1997 : 117 117 117 119 119 119 119 119 119 119 119 119 118 1998 : 119 119 119 123 123 123 123 123 123 123 123 123 122 1999 : 123 123 123 121 121 121 121 121 121 121 121 121 121 2000 : 121 121 121 124 124 124 124 124 124 124 124 124 124 2001 : 124 124 : : Grasses and Legumes : 1990-92 = 100 : 1997 : 120 120 120 130 130 130 130 130 130 130 130 130 128 1998 : 130 130 130 123 123 123 123 123 123 123 123 123 124 1999 : 123 123 123 121 121 121 121 121 121 121 121 121 121 2000 : 121 121 121 115 115 115 115 115 115 115 115 115 116 2001 : 115 115 : : Fertilizer Sub-Components : : Mixed Fertilizer : 1990-92 = 100 : 1997 : 119 119 119 118 118 118 117 117 117 116 116 116 117 1998 : 119 118 118 117 116 116 116 116 116 115 115 114 116 1999 : 115 115 115 115 115 114 113 113 112 111 109 109 113 2000 : 109 108 108 108 108 108 108 108 108 108 108 109 108 2001 : 110 110 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Nitrogen : 1990-92 = 100 : 1997 : 136 137 136 135 134 130 126 126 125 122 121 117 129 1998 : 115 114 114 111 113 112 110 106 102 101 98 95 108 1999 : 94 95 96 97 94 92 88 88 89 94 93 94 93 2000 : 97 101 103 104 103 107 115 116 119 124 127 134 113 2001 : 141 141 : : Potash and Phosphate : 1990-92 = 100 : 1997 : 107 108 109 110 110 108 108 109 109 109 110 111 109 1998 : 111 111 112 114 115 115 115 116 114 117 117 116 115 1999 : 116 116 116 116 116 117 118 119 118 116 113 114 116 2000 : 114 116 109 111 111 110 110 111 106 108 107 109 110 2001 : 110 110 : : Agricultural Chemicals Sub-Components : : Herbicides : 1990-92 = 100 : 1997 : 117 114 114 116 118 117 117 117 117 119 120 120 117 1998 : 120 119 119 118 118 118 119 121 115 115 116 117 118 1999 : 116 113 115 116 113 112 112 115 115 115 111 112 114 2000 : 112 112 111 111 111 111 111 111 111 111 111 111 111 2001 : 111 111 : : Insecticides : 1990-92 = 100 : 1997 : 130 129 129 129 129 130 128 128 132 132 133 134 130 1998 : 135 136 136 136 136 136 134 135 136 141 138 138 136 1999 : 140 138 142 139 140 145 142 138 138 142 142 140 140 2000 : 140 142 144 142 147 146 145 145 147 148 140 146 144 2001 : 152 152 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fungicides and Other : 1990-92 = 100 : 1997 : 118 118 118 120 119 119 120 120 120 120 120 120 119 1998 : 121 120 120 119 120 120 121 117 118 118 119 119 119 1999 : 120 120 119 120 120 120 120 120 120 120 120 120 120 2000 : 119 119 119 119 119 119 119 119 119 119 119 119 119 2001 : 119 119 : : Fuels Sub-Components : : Diesel : 1990-92 = 100 : 1997 : 108 109 100 100 97 94 90 97 97 103 106 96 100 1998 : 89 85 80 84 84 76 74 73 79 77 74 63 78 1999 : 64 60 68 83 82 83 92 100 105 102 108 109 88 2000 : 113 127 133 123 121 125 129 134 159 160 162 153 137 2001 : 149 149 : : Gasoline : 1990-92 = 100 : 1997 : 111 109 108 107 109 108 106 114 118 112 109 105 110 1998 : 98 93 87 92 98 96 92 84 82 84 79 67 88 1999 : 71 67 72 96 97 94 102 110 115 107 108 110 96 2000 : 111 125 137 128 137 154 138 136 151 141 144 129 136 2001 : 129 129 : : LP Gas : 1990-92 = 100 : 1997 : 157 142 119 111 104 110 105 111 119 125 129 124 121 1998 : 115 110 104 100 102 96 91 89 87 88 92 92 97 1999 : 80 83 86 91 110 109 107 122 135 136 134 127 110 2000 : 119 117 136 126 110 129 132 130 130 145 149 149 131 2001 : 149 149 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Supplies & Repairs Sub-Components : : Supplies : 1990-92 = 100 : 1997 : 114 114 114 114 115 115 115 115 115 114 114 114 114 1998 : 114 114 115 115 115 116 116 116 115 116 115 115 115 1999 : 117 116 117 117 117 117 117 117 116 117 118 118 117 2000 : 117 117 117 118 117 119 118 118 118 118 119 119 118 2001 : 119 119 : : Repairs : 1990-92 = 100 : 1997 : 118 118 118 119 119 119 120 120 120 120 120 120 119 1998 : 120 120 120 121 121 121 121 121 122 123 122 122 121 1999 : 123 123 123 123 123 123 124 124 124 124 124 125 124 2000 : 125 126 126 127 127 127 127 127 127 128 128 128 127 2001 : 128 128 : : Autos and Trucks Sub-Components : : Autos : 1990-92 = 100 : 1997 : 114 114 114 114 114 113 113 112 112 113 113 113 113 1998 : 114 113 113 113 113 112 112 112 112 112 113 113 113 1999 : 113 113 112 112 112 111 111 110 111 111 112 112 112 2000 : 112 112 112 112 112 112 112 111 111 111 112 112 112 2001 : 113 113 : : Trucks : 1990-92 = 100 : 1997 : 120 121 121 120 120 119 119 119 119 119 120 120 120 1998 : 120 120 120 120 119 118 119 119 119 119 120 120 119 1999 : 121 120 120 120 120 120 120 119 119 120 121 121 120 2000 : 120 120 120 121 121 120 120 119 119 119 120 120 120 2001 : 121 121 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Machinery Sub-Components : : Tractors : 1990-92 = 100 : 1997 : 124 125 125 125 126 126 126 126 126 129 129 129 126 1998 : 129 129 130 130 130 130 130 130 130 132 132 132 130 1999 : 132 132 132 132 132 132 132 133 133 134 134 135 133 2000 : 135 135 136 136 136 136 136 136 136 137 137 137 136 2001 : 137 137 : : Self Propelled : 1990-92 = 100 : 1997 : 128 127 127 127 127 127 127 127 128 129 129 130 128 1998 : 130 130 130 131 131 131 131 131 131 133 133 133 131 1999 : 133 133 133 134 134 134 134 134 135 135 135 136 134 2000 : 136 136 136 137 137 132 132 132 133 133 133 133 134 2001 : 133 133 : : Other Machinery : 1990-92 = 100 : 1997 : 127 128 129 129 129 130 130 130 131 131 131 132 130 1998 : 132 132 133 133 133 134 134 134 135 135 135 135 134 1999 : 136 136 137 137 138 138 138 138 139 139 140 140 138 2000 : 140 141 141 142 142 140 140 141 141 141 141 141 141 2001 : 142 142 : : Farm Services Sub-Components : : Custom Rates : 1990-92 = 100 : 1997 : 115 115 115 115 115 115 115 115 115 115 115 115 115 1998 : 117 117 117 117 117 117 117 117 117 117 117 117 117 1999 : 115 115 115 115 115 115 115 115 115 115 115 115 115 2000 : 119 119 119 119 119 119 119 119 119 119 119 119 119 2001 : 119 119 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1997-01 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Services : 1990-92 = 100 : 1997 : 116 116 116 116 116 117 118 117 118 116 116 115 116 1998 : 115 115 115 114 115 116 116 116 115 115 114 114 115 1999 : 115 115 115 115 115 116 116 116 117 116 116 116 116 2000 : 116 117 117 117 117 119 119 119 119 118 118 118 118 2001 : 118 118 : : Rent Sub-Components : : Cash : 1990-92 = 100 : 1997 : 135 135 135 135 135 135 135 135 135 135 135 135 135 1998 : 135 135 135 135 135 135 135 135 135 135 135 135 135 1999 : 137 137 137 137 137 137 137 137 137 137 137 137 137 2000 : 137 137 137 137 137 137 137 137 137 137 137 137 137 2001 : 132 132 : : Share : 1990-92 = 100 : 1997 : 136 136 136 136 136 136 136 136 136 136 136 136 136 1998 : 107 107 107 107 107 107 107 107 107 107 107 107 107 1999 : 91 91 91 91 91 91 91 91 91 91 91 91 91 2000 : 91 91 91 91 91 91 91 91 91 91 91 91 91 2001 : 91 91 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Survey Estimates, Month Published and Level ------------------------------------------------------------------------------ : 2001 Program Schedule 1/ :----------------------------------------------------- Survey : Survey and : : Publication Month : Level of Estimates ------------------------------------------------------------------------------ Feed : Apr : Farm Production Regions and : : US : : Feeder Livestock : Monthly : US : : Seed : Apr : US : : : : Fertilizer : Apr : Fertilizer Regions and US : : : : Agricultural Chemicals : Apr : US : : : : Fuels : Apr : Farm Production Regions and : : US : : Farm Machinery : Apr : US : : : : Grazing Fees : Jan 2/ : States and Regions ----------------------------------------------------------------------------- 1/ Data collection and publication schedule for average prices paid by producers. 2/ Survey estimates for previous year. Prices Paid by Farmers Definition: Prices paid by farmers represent the average costs of inputs purchased by farmers and ranchers to produce agricultural commodities. Conceptually, the average price when multiplied by quantity purchased should equal total producer expenditures for the item. Survey Procedures: The prices paid data are obtained from establishments that sell goods and services to farmers and ranchers. Annually, about 8,500 firms are randomly selected from lists by type of item sold with an average response rate in the range of 75-80 percent. Firms are asked to report the price for the specified item "most commonly bought by farmers" or that was the "volume seller". Approximately 135 items are surveyed each April to represent all production input items purchased. The survey reference period for most items is the 5 business days centered around the 15th of the month. Separate prices paid surveys are conducted for, agricultural chemicals, fuels, feed, fertilizer, machinery, and seed. Summary and Estimation Procedures: The annual April Prices Paid Survey is summarized as a nonprobability survey. Average prices reported are aggregated to the region and U.S. level using weights available from expenditure data and other administrative sources. Price recommendations are prepared by the State Statistical Offices and Headquarters for review by the Agricultural Statistics Board in Washington, D.C. Also, the change in price level for individual items surveyed are combined to the regional and U.S. levels, and are published as prices paid indexes referenced to a specific base period. Prices paid indexes for new autos and trucks, building materials, farm supplies, motor supplies, and marketing containers are updated based on price changes measured in selected Bureau of Labor Statistics (BLS) indexes. Revisions: Any revisions are published in the monthly and in annual issues of "Agricultural Prices". The basis for revision must be supported by additional data that directly affect the level of the estimate. More revisions are likely in April when separate prices paid surveys are conducted, in lieu of BLS indexes, by the USDA to measure price change. Reliability: Current methods of summarization in April are not designed directly to calculate sampling errors. However, analytical measures approximate the U.S. relative sampling errors for major items around 10 percent. Any nonsampling errors are attributed to such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these nonsampling errors. Program Change: Effective January 1, 1995, the National Agricultural Statistics Service updated the weights and changed the construction of its prices paid and received by farmers indexes. A Federal Register Notice dated October 28, 1994 discussed these program modifications. A 1990-92 reference and base period replaced the 1977 reference and 1971-73 base weight period. Five-year moving average weights replaced the current fixed 1971-73 base period weights. The 1910-14=100 price indexes, required by statute for computing parity prices, were linked forward based on the changes in the new 1990-92=100 indexes. The new indexes were constructed by multiplying the ratios of the current prices to the base period prices by the moving average weights (adjusted for seasonal marketing patterns for the prices received indexes). Index Prices Received U.S. Prices and Indexes Page Page Narrative............... A-2 Cows, Beef............. A-20 Price Indexes........... A-3 Cows, Milk............. A-23 Prices Received Eggs................... A-22 U.S. Summary.......... A-8-9 Flaxseed............... A-16 Selected Commodities.. A-14 Fruit, Citrus.......... A-18 Upland Cotton and Rice Hay.................... A-17 Prices and Marketings. A-17 All Hogs............... A-21 Parity Prices........... A-24-25 Lambs.................. A-22 Reliability Statement... A-55 Milk................... A-23 Oats................... A-15 Monthly State Prices Peanuts................ A-16 Potatoes............... A-19 Apples.................. A-17 Sheep.................. A-22 Barley.................. A-15 Sorghum, Grain......... A-15 Barrows and Gilts....... A-21 Soybeans............... A-15 Beans, Dry Edible....... A-16 Sows................... A-21 Beef Cattle............. A-20 Sunflower.............. A-16 Calves.................. A-20 Steers and Heifers..... A-20 Corn.................... A-15 Tobacco................ A-16 Cotton.................. A-17 Turkeys................ A-22 Cottonseed.............. A-17 Wheat.................. A-14 Special Features Rice: Marketing Year Average Prices Received, U.S., 1998 and 1999 ... A-26 Rice: Monthly Prices Received, United States, Marketing Years 1997-1998 through 1999-2000 ....................................... A-26 Apples: Monthly Prices Received, U.S., July 1993 - December 2000 .... A-27 Grapes: Monthly Prices Received, U.S., May 1996 - December 2000 ..... A-27 Peaches: Monthly Prices Received, U.S., May 1993 - September 2000 ... A-27 Pears: Monthly Prices Received, U.S., July 1993 - December 2000 ..... A-27 Limes: Marketing Year Average and Monthly Prices Received, Florida Final, 1998-1999, 1999-2000 and Preliminary 2000-2001 ............. A-28 Sweetpotatoes: Market Year Average Prices Received, Final 1998, 1999 and Preliminary 2000 .............................................. A-28 Index of Prices Received: All Groups, Monthly and Annual, 1996-2000 . A-46-53 Parity Prices Authority for Parity Prices, Method of Computation, and Prices ..... A-29-35 Annual Average Prices Received for Parity Computations, U.S., by Years, 1991-2000 .............................................. A-36-45 Parity Price Equivalent for Manufacturing Grade Milk ............... A-54 Index Prices Paid Page Narrative ..................................................... B-1 Indexes and Parity Ratios ..................................... B-2-3 Charts ..................................................... B-4-6 Feed Ratios .................................................. B-7 Reliability Statement ......................................... B-30 U.S. Average Prices: Feeder Livestock ............................................ B-7 Commodity Prices Used in Feed Price Ratios .................. B-7 Special Features: Grazing Fee Rates for Cattle by Selected States and Regions .. B-8 Prices Paid Survey Estimates, Month Published and Level ...... B-29 Prices Paid Index Components: 1910-14=100 and 1990-92=100: Monthly and Annual Averages, 1997-01: PPITW, PITW, Production Items ............................. B-9-11 Prices Paid Index Component Items, Interest, Taxes, Wage Rates, Farm and Non Farm Origin, .................................. B-10-18 Crop Sector, Livestock Sector, and PPITW adjusted for Productivity ............................................... B-19 Ratios ..................................................... B-20 Prices Paid Index Sub-Components: Monthly and Annual Averages B-21-28 Report Features Listed below are the commodity specialists in the Statistics Division of the National Agricultural Statistics Service to contact for additional information. Crops Branch Mark Harris, Chief (202) 720-2127 Field Crops Section Greg Thessen, Head (202) 720-3843 Rhonda Brandt - Corn (202) 720-9526 Herman Ellison - Oilseeds (202) 720-7369 Lance Honig - Wheat (202) 720-8068 Jay Johnson - Cotton (202) 720-5944 Roy Karkosh - Barley, Hay, Sorghum (202) 690-3234 Mark E. Miller - Oats (202) 720-7621 Mark R. Miller - Peanuts, Rice (202) 720-7688 Fruit and Vegetable Section Jim Smith, Head (202) 720-4215 Arvin Budge - Potatoes (202) 720-4285 Dave DeWalt - Citrus (202) 720-5412 Debbie Flippin - Vegetables (202) 720-3250 Steve Gunn - Apples, Grapes, Tobacco (202) 720-4288 Jeffery Kissel - Dry Beans, Peaches, Pears (202) 690-0270 Biz Wallingsford - Vegetables, Strawberries (202) 720-2157 Livestock Branch Robert W. Milton, Chief (202) 720-3570 Livestock Section Dan Kerestes, Head (202) 720-4447 Steve Anderson - Milk (202) 690-3236 Greg Bussler - Sheep, Lambs (202) 720-4751 Rodger Ott - Hogs (202) 720-3106 Greg Thessen - Cattle (202) 720-3040 Poultry and Specialty Commodities Section Debra Kenerson, Head (202) 720-6351 Tom Kruchten - Broilers, Eggs (202) 690-4870 John Lange - Turkeys (202) 720-8784 Environmental, Economics and Demographics Branch Linda Hutton, Chief (202) 720-6146 Economics Section Roland Albert, Head (202) 720-4214 Scott Cox - Feed, Fertilizer, Agricultural Chemicals, Seeds (202) 690-3347 Jim Williams - Prices Paid Indexes, Farm Supplies and Repairs, Farm Machinery, Fuels, Feeder Livestock, Poultry Chicks, Feed Price Ratios, Grazing Fees, Autos & Trucks (202) 690-3225 Kirby Cavett - Prices Received Indexes (202) 690-3237 The next "Agricultural Prices" report will be released at 3:00 p.m. ET on February 28, 2001. 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Future farm policy will be a hot topic during 2001. The Forum will open with high-level panels on the next farm bill and world trade talks. Focus sessions during the two-day program will preview key policy issues on next year's agenda. Farm Prospects. Attendees will hear leading analysts discuss the 2001 commodity outlook and industry trends, and receive USDA's latest 10-year projections. Act Now. Get registration details and program updates at the Forum website. Can't attend in person? Sign up now to get speeches by e-mail after the Forum, or download them from the website. agforum@oce.usda.gov (202) 720-3050 http://www.usda.gov/oce/waob/oc2001/press.htm February 22-23, 2001 Arlington, Virginia