Pr 1 (1-02) Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released January 31, 2002, 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-32. Farm Prices Received Index Up 1 Point The preliminary All Farm Products Index of Prices Received by Farmers in January was 96, using a 1990-92=100 base period, up 1 point (1.0 percent) from the December Index. Price increases for tomatoes, lettuce, cattle, and hogs more than offset decreased prices for cotton, broccoli, turkeys, and milk. The seasonal change in the mix of commodities farmers sell often affects the overall index. Higher marketings for cattle, corn, soybeans, and hogs more than offset decreased marketings of tobacco, grapes, cotton, and milk. Compared with January 2001, the All Farm Products Index was unchanged. Higher prices for lettuce, broilers, oranges, and potatoes offset lower prices for cattle, soybeans, rice, and onions. Prices Paid Index Down 1 Point The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) was 121 percent of the 1990-92 average. The index was down 1 point (0.8 percent) from December and 4 points (3.2 percent) below January 2001. Lower prices in January for herbicides, feed concentrates, nitrogen fertilizer, feeder cattle, and LP gas more than offset higher prices for feeder pigs, feed supplements, insecticides, and complete feeds in the index. Index Summary Table -------------------------------------------------------------------------------- : 2000 : 2001 : 2002 Index :-------------------------------------------------------------- 1990-92=100 : Dec : Jan : Dec : Jan -------------------------------------------------------------------------------- : Prices Received : 99 96 95 96 : Prices Paid : 122 125 122 121 : Ratio 1/ : 81 77 78 79 -------------------------------------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid. Pr 1 (1-02) Table of Contents Prices Received U.S. Prices and Indexes Page Narrative ................ A-4 Price Indexes ............ A-5 Price Index Charts ....... A-6-9 Prices Received U.S. Summary ........... A-10-11 Charts ................. A-12-15 Selected Commodities ... A-16 Upland Cotton and Rice Prices and Marketings .. A-19 Parity Prices ............ A-26-27 Reliability Statement .... A-57 Monthly State Prices Apples ................... A-19 Barley ................... A-17 Barrows and Gilts ........ A-23 Beans, Dry Edible ........ A-18 Beef Cattle .............. A-22 Calves ................... A-22 Corn ..................... A-17 Cotton ................... A-19 Monthly State Prices, continued Page Cottonseed ............... A-19 Cows, Beef ............... A-22 Cows, Milk ............... A-25 Eggs ..................... A-24 Flaxseed ................. A-18 Fruit, Citrus ............ A-20 Hay ...................... A-19 All Hogs ................. A-23 Lambs .................... A-24 Milk ..................... A-25 Oats ..................... A-17 Peanuts .................. A-18 Potatoes ................. A-21 Sheep .................... A-24 Sorghum, Grain ........... A-17 Soybeans ................. A-17 Sows ..................... A-23 Steers and Heifers ....... A-22 Sunflower ................ A-18 Tobacco .................. A-18 Turkeys .................. A-24 Wheat .................... A-16 Information Contacts .................................................B-29 Special Features Rice: Marketing Year Average Prices Received, U.S., 1999 and 2000 ...A-28 Rice: Monthly Prices Received, United States, Marketing Years 1998-1999 through 2000-2001 ........................................A-28 Apples: Monthly Prices Received, U.S., July 1994 - December 2001 ....A-29 Grapes: Monthly Prices Received, U.S., May 1997 - December 2001 .....A-29 Peaches: Monthly Prices Received, U.S., May 1994 - December 2001 ....A-29 Pears: Monthly Prices Received, U.S., July 1994 - December 2001 .....A-29 Limes: Marketing Year Average Prices Received, Florida, Final 1999-2000, 2000-2001 and Preliminary 2001-2002 ...............A-30 Sweetpotatoes: Market Year Average Prices received, Final 1999, 2000 and Preliminary 2001 ...............................................A-30 Index of Prices Received: All Groups, Monthly and Annual, 1998-2002 ..........................................................A-48-55 Parity Prices Authority for Parity Prices, Method of Computation and Prices ........A-31-37 Annual Average Prices Received for parity Computations, U.S., by Years, 1992-2001 ................................................A-38-47 Parity Price Equivalent for Manufacturing Grade Milk .................A-56 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-31 U.S. Average Prices: Feeder Livestock ........................................... B-7 Commodity Prices Used in Feed Price Ratios ................. B-7 Information Contacts .......................................... B-32 Special Features Private Non-Irrigated Grazing Fee Rates for Cattle, by Selected States and Regions ......................................... B-8 Prices Paid Index for Beef Cattle Production .................. B-9 Cattle: Prices Received, Selected Regions, 2001 (Reprinted) .... B-9 Prices Paid Survey Estimates, Month Published and Level ....... B-30 Prices Paid Index Components: 1910-14=100 and 1990-92=100: Monthly and Annual Averages, 1998-02: PPITW, PITW, Production Items ................................. B-10-11 Prices Paid Index Component Items, Interest, Taxes, Wage Rates, Farm and Non Farm Origin, ..................................... B-10-19 Crop Sector, Livestock Sector, and PPITW adjusted for Productivity .................................................. B-20 Ratios ........................................................ B-21 Prices Paid Index Sub-Components: Monthly and Annual Averages .. B-22-29 Prices Received by Farmers The January All Farm Products Index was 96 percent of its 1990-92 base, up 1 point from the December index but unchanged from the January 2001 index. All Crops: The January index was 95, unchanged from December but 1.1 percent above January 2001. From December, index decreases for fruit and nuts, cotton, tobacco, oil-bearing crops, feed grains and hay, and food grains offset index increases for commercial vegetables and potatoes and dry beans. Food Grains: The January index, at 90, was down 1.1 percent from the previous month and 3.2 percent below January 2001. The January all wheat price, at $2.94 per bushel, was up 5 cents from December and 10 cents above January 2001. Feed Grains & Hay: The January index was 91, down 1.1 percent from last month but 2.2 percent above January 2001. The corn price, at $1.98 per bushel, was unchanged from both December and January 2001. The all hay price, at $93.00 per ton, was 70 cents below December but $7.80 above last January. Grain sorghum, at $3.35 per cwt, was up 9 cents from December but 4 cents below January last year. Oil-Bearing Crops: The January index, at 77, was down 1.3 percent from December and 8.3 percent below January 2001. The soybean price, at $4.27 per bushel, increased 7 cents from December but was 41 cents below January 2001. Cotton: The January index, at 48, was down 9.4 percent from December and 44 percent below January 2001. The January price, at 29.0 cents per pound, was down 3.2 cents from the previous month and 23.1 cents below last January. Potatoes & Dry Beans: The January index, at 118, was up 1.7 percent from last month and 49 percent above January 2001. The all potato price, at $6.84 per cwt, was down 1 cent from December but $2.28 above last January. The all dry bean price, at $22.80 per cwt, was up $1.40 from the previous month and $7.70 above January 2001. Fruit & Nuts: The January fruit and nut index, at 86, was down 6.5 percent from the previous month but 6.2 percent above January 2001. Since December, prices decreased for lemons, apples, and pears. Commercial Vegetables: The January index, at 171, is the second highest on record. This is up 15 percent from last month and 40 percent above January 2001. Price increases during January for tomatoes, lettuce, snap beans, onions, and celery more than offset price decreases for broccoli, cauliflower, and sweet corn. Livestock and Products: The January index, at 96, was unchanged from last month and down 4.0 percent from January 2001. Compared with a year ago, prices were higher for broilers and all milk, but lower for all cattle, hogs, eggs, turkeys, and calves. Meat Animals: The January index, at 89, was up 4.7 percent from last month but down 8.2 percent from a year ago. The January hog price was $36.50 per cwt, up $3.20 from December but down $.70 from a year ago. The January beef cattle price of $66.60 was up $2.00 from last month but down $8.20 from January 2001. December cattle on feed numbers were down slightly from last year. Dairy Products: The January index, at 102, was down 1.0 percent from December but 1.0 percent above January 2001. The January all milk price, at $13.30 per cwt, was down 10 cents from December but 10 cents above last year. January prices for fluid milk decreased slightly from December but manufacturing grade milk remained unchanged from last month. Poultry and Eggs: The January 2002 index, at 109, unchanged from December but 4 percent above a year ago. The January broiler price, at 37.0 cents per pound, was unchanged from December. January market egg prices at 45.0 cents per dozen increased 4.1 cents from December. Turkey prices decreased seasonally to 34.1 cents per pound, down 4.4 cents from last month. Index Numbers of Prices Received, United States, January 2002, with Comparisons ------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2001 : 2002 : 2001 : 2002 :Average:---------------------------------------------- :1990-92: Jan : Dec : Jan : Jan : Dec : Jan ------------------------------------------------------------------------------- : All Farm Products : 639 613 *605 607 96 *95 96 : All Crops : 500 462 *469 468 94 *95 95 Food Grains : 325 296 289 287 93 91 90 Feed Grains & Hay : 363 319 *329 324 89 *92 91 Cotton : 517 440 *272 245 86 *53 48 Tobacco : 1263 1735 1704 1683 115 113 111 Oil-Bearing Crops : 554 458 *425 420 84 *78 77 Fruit & Nuts : 716 567 *642 599 81 92 86 Commercial Vegetables : 698 817 *998 1142 122 *149 171 Potatoes & Dry Beans : 540 397 *589 597 79 *116 118 Other Crops : 493 554 *554 558 112 *112 113 : Livestock & Products : 768 767 *734 740 100 96 96 Meat Animals : 1021 989 *860 901 97 *85 89 Dairy Products : 799 811 *823 817 101 *103 102 Poultry & Eggs : 282 296 307 308 105 109 109 : Food Commodities : 97 *97 97 ------------------------------------------------------------------------------- * Revised. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Months, United States, 2001 and 2002 ------------------------------------------------------------------------------ : Index of Prices Received : Index of Prices Paid :-------------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :-------------------------------------------------------------------- : 2001 : 2002 : 2001 : 2002 : 2001 : 2002 : 2001 : 2002 : 2001 : 2002 ------------------------------------------------------------------------------ Jan : 96 96 94 95 100 96 125 121 121 116 Feb : 100 98 102 124 121 Mar : 104 99 108 124 120 Apr : 106 103 108 124 120 May : 108 106 110 124 120 Jun : 107 102 112 124 120 Jul : 107 103 112 123 120 Aug : 109 108 111 123 120 Sep : 106 102 110 123 120 Oct : 95 88 104 123 118 Nov : 94 89 99 122 118 Dec : 95 95 96 122 117 ------------------------------------------------------------------------------ Prices Received, United States, January 2002, with Comparisons ----------------------------------------------------------------------------- : : : Entire Month : Preliminary : : Average :---------------------------------- Commodity : Unit : 1990-92 : Jan : Dec : Jan : : : 2001 : 2001 : 2002 ----------------------------------------------------------------------------- : : Dollars : : Field Crops : : : : Barley, All : Bu : 2.12 2.00 2.16 2.06 Feed : Bu : 1.90 1.81 1.74 1.77 Malting : Bu : 2.43 2.21 2.68 2.56 Beans, Dry Edible : Cwt : 19.10 15.10 21.40 22.80 Corn : Bu : 2.30 1.98 1.98 1.98 Cotton, Upland : Lb : .606 .521 .322 .290 Cottonseed : Ton : 96.00 111.00 91.00 94.00 : : Flaxseed : Bu : 4.27 3.42 4.67 4.65 Hay, All, Baled 1/ : Ton : 76.30 85.20 93.70 93.00 Alfalfa 1/ : Ton : 77.20 91.00 102.00 101.00 Other 1/ : Ton : 60.00 68.90 73.00 73.70 Oats : Bu : 1.22 1.21 1.90 1.84 Peanuts, In-Shell : Lb : .304 .314 .197 .176 Potatoes : Cwt : 5.82 4.56 6.85 6.84 : : Rice, Rough : Cwt : 7.07 5.86 4.07 4.18 Sorghum Grain : Cwt : 3.75 3.39 3.26 3.35 Soybeans : Bu : 5.61 4.68 4.20 4.27 Sunflower 2/ : Cwt : 9.50 6.92 9.85 9.87 Tobacco : Lb : 1.740 1.995 1.960 1.935 : : Wheat, All : Bu : 2.96 2.84 2.89 2.94 Winter : Bu : 2.93 2.77 2.79 2.89 Durum : Bu : 2.86 2.88 3.45 3.28 Other Spring : Bu : 3.11 2.96 2.96 2.96 Hard Red Winter : Bu : 2.90 2.70 Soft Red Winter : Bu : 2.40 2.73 Hard Red Spring : Bu : 3.01 2.94 White : Bu : 3.24 2.61 3.28 : : Fruit : : : : Citrus-Equiv on-tree : : Grapefruit : Box : 5.77 2.25 2.30 1.98 Lemons : Box : 10.10 .780 11.36 8.17 Limes 3/ : Box : 10.15 Oranges : Box : 5.79 2.44 3.44 3.89 Tangelos : Box : 5.82 1.08 2.72 1.42 Tangerines : Box : 15.11 8.63 8.50 11.05 Temples : Box : 6.23 4.37 4.89 : : Non-citrus : : Apples, Fresh 4/ : Lb : .212 .158 .224 .217 Grapes, Fresh 4/ : Ton : 506.00 850.00 Peaches, Fresh 4/ : Lb : .216 Pears, Fresh 4/ : Ton : 370.00 313.00 342.00 282.00 Strawberries, Fresh: Lb : .560 1.74 1.13 1.68 ----------------------------------------------------------------------------- 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 2002, with Comparisons (continued) ----------------------------------------------------------------------------- : : : Entire Month : Preliminary : : Average :---------------------------------- Commodity : Unit : 1990-92 : Jan : Dec : Jan : : : 2001 : 2001 : 2002 ----------------------------------------------------------------------------- : : Dollars : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 219.00 257.00 Broccoli : Cwt : 22.50 22.80 55.50 41.90 Cantaloupes 2/ : Cwt : 13.90 25.10 Carrots : Cwt : 13.20 15.90 19.30 19.30 Cauliflower : Cwt : 26.80 26.00 56.60 46.80 Celery : Cwt : 11.60 14.60 9.62 10.40 Corn, Sweet : Cwt : 15.70 36.70 23.20 17.20 Cucumbers 2/ : Cwt : 12.50 Lettuce : Cwt : 11.90 13.70 28.60 32.70 Onions : Cwt : 12.80 13.90 9.42 9.80 Snap Beans 2/ : Cwt : 96.70 47.80 55.10 Tomatoes : Cwt : 32.30 43.80 25.00 49.40 : : Livestock : : : : Calves : Cwt : 94.30 108.00 100.00 100.00 Cattle, All Beef : Cwt : 72.90 74.80 64.60 66.60 Cows : Cwt : 49.60 39.00 36.00 37.10 Steers & Heifers : Cwt : 77.10 79.30 68.60 70.50 Milk Cows 3/ : Head : 1130.00 1320.00 1610.00 : : Hogs, All : Cwt : 47.70 37.20 33.30 36.50 Barrows & Gilts : Cwt : 48.40 37.60 33.80 37.00 Sows : Cwt : 39.50 31.20 25.10 26.60 : : Lambs : Cwt : 56.20 74.10 61.70 Sheep : Cwt : 23.40 43.30 33.50 : : Dairy and Poultry : : : : Milk, All 4/ : Cwt : 13.06 13.20 13.40 5/13.30 Fluid Grade : Cwt : 13.10 13.20 13.40 5/13.30 Mfg Grade : Cwt : 11.80 10.90 12.50 5/12.50 : : Broilers, Live 6/ : Lb : .317 .340 .370 .370 Eggs, All 7/ : Doz : .643 .672 .590 .623 Market 7/ : Doz : .546 .503 .410 .450 Turkeys, Live 6/7/ : Lb : .380 .366 .385 .341 ----------------------------------------------------------------------------- Adjusted for Seasonal : : Variation : : Eggs, All : Doz : .545 .584 .532 .556 Milk, All 4/ : Cwt : 9.71 13.07 12.52 13.30 ----------------------------------------------------------------------------- 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 3.78, fluid milk 3.78, mfg grade 3.94. 6/ Liveweight equivalent price to producers, includes growers and contractors combined. 7/ Mid-month price. Wheat: Prices Received, by States, December 2001 and January 2002 ------------------------------------------------------------------------------- : All Wheat : Winter Wheat : Durum Wheat 1/ : Oth Spring Wheat State :------------------------------------------------------------------------ : Dec 2/ : Jan 3/ : Dec 2/ : Jan 3/ : Dec 2/ : Jan 3/ : Dec 2/ : Jan 3/ ------------------------------------------------------------------------------- : Dollars per Bushel : AR : 2.70 2.95 2.70 2.95 CA : 4/ 4/ 4/ 2.52 4/ 4/ CO : 2.75 2.81 2.75 2.81 2.82 2.90 ID : 3.30 3.26 3.23 3.20 3.37 3.35 IL : 2.77 2.90 2.77 2.90 IN : 2.87 2.78 2.87 2.78 KS : 2.68 2.75 2.68 2.75 MI : 2.89 2.80 2.89 2.80 MN : 2.98 2.95 2.75 5/ 2.98 2.95 MO : 2.65 2.70 2.65 2.70 MT : 3.21 3.21 3.14 3.10 4.03 3.95 3.13 3.16 NE : 2.71 2.86 2.71 2.86 ND : 2.97 2.90 2.70 2.75 3.39 3.20 2.82 2.80 OH : 2.64 2.75 2.64 2.75 OK : 2.64 2.75 2.64 2.75 OR : 3.43 3.41 3.42 3.40 3.47 3.45 SD : 2.78 2.84 2.61 2.67 2.85 2.91 TX : 2.48 2.65 2.48 2.65 WA : 3.32 3.37 3.29 3.37 3.44 3.36 : US : 2.89 2.94 2.79 2.89 3.45 3.28 2.96 2.96 ------------------------------------------------------------------------------- 1/ Durum discontinued September 2001 for MN and SD. 2/ Entire month. 3/ Mid-month. 4/ Price not published to avoid disclosure of individual firms. 5/ Insufficient sales to establish a price. Prices Received for Selected Agricultural Commodities, by Months, United States, 2001 and 2002 ------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 1/: All Hogs Month:------------------------------------------------------------------------- : 2001 :2002 2/:2001 :2002 2/: 2001 :2002 2/: 2001 :2002 2/: 2001 :2002 2/ ------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ---- Dollars per Cwt ----- : Jan : 2.84 2.94 1.98 1.98 4.68 4.27 74.80 66.60 37.20 36.50 Feb : 2.83 1.96 4.46 74.80 39.10 Mar : 2.87 1.96 4.39 76.30 46.00 Apr : 2.86 1.89 4.22 75.60 47.80 May : 2.98 1.82 4.33 73.60 50.40 Jun : 2.74 1.76 4.46 73.50 52.20 Jul : 2.63 1.87 4.79 71.90 51.70 Aug : 2.73 1.90 4.85 70.70 50.60 Sep : 2.85 1.91 4.53 69.00 45.10 Oct : 2.86 1.84 4.09 66.60 40.50 Nov : 2.88 1.85 4.16 63.90 35.00 Dec : 2.89 1.98 4.20 64.60 33.30 ------------------------------------------------------------------------------- 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 2001 and January 2002 ------------------------------------------------------------------------------ : 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 : 4.37 4.49 3.51 3.80 CA : 2.28 2.16 CO : 2.05 1.90 2.03 2.04 ID : 2.53 2.48 IL : 2.06 2.05 1.96 1.95 4.36 4.40 4.05 4.00 IN : 1.92 1.97 4.25 4.40 IA : 1.91 1.90 1.89 1.90 4.15 4.15 KS : 2.04 2.05 4.07 4.10 3.20 3.23 KY : 2.12 2.10 4.31 4.40 LA : 4.29 4.51 MI : 1.90 1.90 2.10 2.30 4.16 4.30 MN : 4/ 4/ 1.79 1.80 1.83 1.80 4.03 4.05 MS : 4.20 4.37 MO : 1.89 1.95 4.24 4.30 3.42 3.45 MT : 2.72 2.78 2.05 2.05 NE : 1.91 1.88 1.94 1.90 4.06 4.13 3.23 3.30 NC : 2.45 2.35 4.12 4.25 ND : 1.74 1.79 1.80 1.80 1.89 1.60 3.85 3.90 OH : 1.99 2.00 1.55 1.60 4.37 4.35 OK : 3.30 3.32 OR : 2.13 2.05 2.13 2.25 PA : 2.35 2.34 2.14 2.17 SD : 1.72 1.71 2.00 1.89 3.96 3.96 TN : 2.24 2.25 4.46 4.40 TX : 2.26 2.25 5/ 5/ 3.64 3.52 UT : 2.22 2.22 WA : 1.89 1.98 WI : 1.92 1.95 1.62 1.60 4.39 4.30 WY : 3.20 3.12 : US : 2.16 2.06 1.98 1.98 1.90 1.84 4.20 4.27 3.26 3.35 ------------------------------------------------------------------------------ 1/ The Three-State (MN, ND and SD) Feed Barley price for January 2002 is $1.53. 2/ Entire month. 3/ Mid-month. 4/ Price not published to avoid disclosure of individual firms. 5/ Insufficient sales to establish a price. Malting and Feed Barley: Prices Received Selected States, December and January 2002 ------------------------------------------------------------------------------ : Malting Barley : Feed Barley State :----------------------------------------------------------------------- : Dec : Jan : Dec : Jan ------------------------------------------------------------------------------ : Dollars per Bushel : ID : 2.86 2.90 2.04 2.05 MN : 1/ 1/ 1/ 1/ MT : 2.99 3.08 1.96 1.92 ND : 2.18 2.15 1.54 1.55 SD : 2/ 2/ 2/ 2/ WY : 3.20 3.20 2/ 2.15 ------------------------------------------------------------------------------ 1/ Price not published to avoid disclosure of individual firms. 2/ Insufficient sales to establish a price. Field Crops: Prices Received, by States, December 2001 and January 2002 ------------------------------------------------------------------------------ : 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 : .212 .246 CA : 31.20 31.10 CO : 21.00 23.30 FL : .152 .156 GA : .154 7/ ID : 19.60 20.40 IN : 1.950 1.950 KS : 7/ 7/ KY : 1.960 1.945 MD : MI : 24.50 27.00 MN : 25.00 25.90 10.10 10.10 MO : 1.895 1.895 NE : 17.80 18.50 NC : 1.920 1.935 .181 .147 ND : 19.60 23.10 10.20 10.00 4.67 4.65 OH : 1.930 1.925 OK : SC : SD : 9.37 9.60 6/ 7/ TN : 1.960 1.905 TX : .236 .212 VA : 1.925 1.910 .172 .082 WV : : US : 21.40 22.80 9.85 9.87 4.67 4.65 1.960 1.935 .197 .176 ------------------------------------------------------------------------------ 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 2002, with Comparisons ------------------------------------------------------------------------------ : : Jan : Dec : Jan Class and Type : Type : 2001 : 2001 : 2002 1/ ------------------------------------------------------------------------------ : : Dollars per Pound : : Fire-cured : : VA Belt : 21 : 1.655 1.795 1.505 Eastern District : 22 : 2.295 2/ 1.845 Western District : 23 : 2.160 2/ 1.800 Total Fire-cured : 21-23: 2.200 1.795 1.815 : : Light Air-cured : : Burley : 31 : 1.945 1.975 1.970 Total Light Air-cured : 31-32: 1.945 1.975 1.970 : : Dark Air-cured : : One Sucker Belt : 35 : 1.875 1.550 1.380 Green River Belt : 36 : 1.960 1.810 1.625 Sun-cured Belt : 37 : 1.730 1.740 1.360 Total Dark Air-cured : 35-37: 1.915 1.665 1.460 : : US : 11-37: 1.995 1.960 1.935 ------------------------------------------------------------------------------ 1/ Based on sales during the first half of the month. 2/ Markets opened in January 2002. Field Crops and Apples: Prices Received, by States, December 2001 and January 2002 ---------------------------------------------------------------------------- : : 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 : .370 .268 78.00 AZ : .308 .319 120.00 105.00 105.00 103.00 AR : .302 .282 CA : .539 .489 132.00 110.00 114.00 81.00 .113 CO : 107.00 108.00 103.00 GA : .353 .301 64.00 ID : 111.00 112.00 85.00 IL : 89.00 94.00 70.00 IA : 93.00 95.00 68.00 KS : 89.00 98.00 67.00 KY : 76.00 110.00 64.00 LA : .303 .276 MI : 77.00 80.00 60.00 .160 MN : 57.00 64.00 45.00 MS : .276 .267 76.00 MO : 71.00 109.00 63.00 MT : 94.00 95.00 91.00 NE : 71.00 73.00 65.00 NV : 118.00 117.00 123.00 NM : 133.00 136.00 108.00 NY : 104.00 120.00 80.00 .175 NC : .313 .320 74.00 ND : 47.00 48.00 35.00 OH : 99.00 125.00 60.00 .280 OK : 102.00 115.00 82.00 OR : 115.00 118.00 105.00 PA : 124.00 143.00 109.00 .200 SD : 70.00 75.00 48.00 TN : .325 .272 TX : .282 .281 93.00 71.00 156.00 67.00 UT : 93.00 94.00 57.00 VA : .220 WA : 121.00 115.00 140.00 .239 WI : 62.00 65.00 30.00 WY : 113.00 114.00 108.00 : US : .322 .290 94.00 93.00 101.00 73.70 .217 ---------------------------------------------------------------------------- 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. Upland Cotton and Rice: Prices Received and Marketings, United States, January 2002, with Comparisons ---------------------------------------------------------------------------- Item : Unit : Nov 2001 1/ : Dec 2001 1/ :Jan 2002 2/ ---------------------------------------------------------------------------- : : Cotton, Upland : : Average Price : Dollars/Pound : .295 .322 .290 Marketings 3/ : 1,000 Bales : 2550 2469 NA : : Rice : : Average Price : Dollars/Cwt : 4.08 4.07 4.18 Marketings 4/ : 1,000 Cwt : 11515 11445 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 2002 ------------------------------------------------------------------------------ : : 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 : 11.70 5.45 5.45 3.22 3.22 : CA : 17.40 9.77 11.15 -0.25 7.54 8.92 -2.48 : FL : 14.10 4.03 5.86 2.33 1.68 3.76 -0.25 White : 14.70 4.15 5.70 3.25 1.89 3.60 0.90 Colored : 14.00 3.99 5.90 1.85 1.60 3.80 -0.85 : TX : 14.20 4.05 4.60 0.60 2.90 3.45 -0.50 : US : 14.30 4.18 5.84 2.25 1.98 3.91 -0.27 : Lemons : AZ : 30.30 14.37 20.61 0.24 10.19 16.43 -3.94 CA : 29.60 11.70 19.91 0.24 7.52 15.73 -3.94 : US : 29.80 12.35 20.11 0.24 8.17 15.93 -3.94 : Oranges : AZ : Navel and Misc : 25.20 16.06 18.10 -0.15 13.71 15.75 -2.50 : CA : Navel and Misc : 23.10 14.84 16.00 -0.15 12.49 13.65 -2.50 : FL : Early and Mids : 13.70 4.75 5.90 4.70 2.79 3.80 2.75 : TX : Early and Mids : 13.00 3.12 3.30 2.55 1.83 2.00 1.30 : US : 20.40 5.89 13.03 4.65 3.89 10.79 2.70 : Tangelos : FL : 14.00 4.08 6.10 3.50 1.42 3.60 0.80 : Tangerines : AZ : 30.10 21.37 23.32 0.74 18.98 20.93 -1.65 CA : 26.70 15.00 19.92 0.74 12.61 17.53 -1.65 FL : 25.50 11.90 16.50 3.50 8.16 12.90 -0.50 : US : 26.90 14.30 18.82 2.91 11.05 15.74 -0.75 : Temples : FL : 16.00 7.03 8.40 3.90 4.89 6.30 1.70 ------------------------------------------------------------------------------ 1/ Net lbs. per box: Grapefruit-AZ & CA-67, FL-85, TX-80; Lemons-76; Oranges-AZ & CA-75, FL-90, TX-85; Tangelos-90; Tangerines-AZ & CA-75, FL-95. Potatoes: Prices Received, by States, December 2001 and January 2002 ------------------------------------------------------------------------------ : : :: : : State : Dec : Jan :: State : Dec : Jan : : :: : : ------------------------------------------------------------------------------ : Dollars per Cwt :: : Dollars per Cwt : :: : AL : :: NC : AZ : :: ND - All 1/ : 6.10 6.00 CA - All : 17.80 14.80 :: - Fresh 2/ : 8.00 NA - Winter : 19.50 19.50 :: - Processing : 4.95 NA - Spring : :: OH : 8.15 8.10 - Summer : :: OR : 5.60 6.55 - Fall : 8.65 9.35 :: PA : 8.15 7.75 CO - All 1/ : 8.10 10.10 :: TX : - Fresh 2/ : 8.60 NA :: VA : FL : :: WA - All : 6.70 6.45 ID - All 1/ : 5.40 5.75 :: - Processing : 4.80 NA - Fresh 2/ : 6.40 NA :: WI - All 1/ : 6.85 6.40 - Processing : 4.90 NA :: - Fresh 2/ : 8.20 NA ME : 7.50 7.70 :: - Processing : 4.35 NA MI : 7.15 7.40 :: : MN : 5.15 5.00 :: US - All 1/ : 6.85 6.84 NY : 9.80 9.40 :: - Fresh 2/ : 9.00 NA : :: - Processing : 5.16 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 2001 and January 2002 ------------------------------------------------------------------------------ : 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 : 36.00 36.40 64.80 64.00 64.50 63.70 95.00 95.20 AR : 36.20 34.30 79.00 79.60 65.30 65.10 98.60 96.00 CA : 35.00 35.50 66.00 68.00 47.40 48.50 94.00 91.00 CO : 38.00 39.20 69.10 71.20 66.60 68.60 92.00 94.00 FL : 39.00 38.00 77.00 76.00 51.50 50.50 95.00 95.00 GA : 36.30 37.20 72.20 73.00 48.90 49.70 93.80 95.30 ID : 34.10 34.10 67.10 68.90 57.90 59.50 92.00 92.00 IL : 39.00 39.20 65.00 67.00 64.50 66.40 98.00 97.00 IA : 33.70 33.50 66.10 68.60 65.50 67.90 95.30 96.80 KS : 36.20 38.00 67.50 69.90 66.60 68.60 104.00 106.00 KY : 36.00 36.00 76.00 76.00 66.40 66.40 90.00 92.00 LA : 36.50 37.00 79.50 80.00 50.30 49.90 94.70 97.00 MI : 38.00 40.50 59.00 61.00 52.70 54.90 95.00 105.00 MN : 36.80 38.00 61.60 64.00 57.90 60.10 88.50 91.00 MO : 36.60 36.30 81.50 84.20 68.00 69.80 98.00 101.00 MT : 34.80 35.80 86.00 85.60 76.80 73.20 95.40 102.00 NE : 34.70 35.30 70.00 71.00 68.90 69.90 104.00 106.00 NM : 39.50 41.50 81.00 82.30 62.30 64.70 101.00 97.90 ND : 36.30 36.00 83.90 84.50 70.60 74.80 91.40 93.00 OH : 36.30 36.30 67.70 69.00 64.60 65.70 77.60 80.00 OK : 35.90 37.80 84.50 81.40 76.00 73.80 101.00 97.60 OR : 36.90 38.10 78.20 78.90 65.80 66.70 86.60 88.60 PA : 38.50 39.50 63.10 65.50 56.70 58.70 114.00 114.00 SD : 36.40 37.70 80.70 83.20 69.20 75.50 101.00 106.00 TN : 35.00 37.00 76.00 78.00 59.60 61.60 89.00 91.00 TX : 36.50 38.00 69.80 71.60 66.50 68.60 102.00 99.80 VA : 33.90 34.50 72.30 75.40 55.80 57.80 83.40 89.70 WI : 35.60 37.60 64.70 67.70 47.80 50.20 130.00 131.00 WY : 37.10 37.20 86.70 88.50 74.00 75.70 102.00 103.00 : US : 36.00 37.10 68.60 70.50 64.60 66.60 100.00 100.00 ------------------------------------------------------------------------------ 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 2001 and January 2002 ------------------------------------------------------------------------------ : Sows : Barrows and Gilts : All Hogs State :----------------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ ------------------------------------------------------------------------------ : Dollars per Cwt : AR : 24.10 25.50 31.50 35.30 30.80 34.30 IL : 23.00 25.00 34.00 38.00 33.10 37.00 IN : 29.50 31.00 33.60 36.40 33.20 35.90 IA : 27.80 30.10 34.10 36.90 34.00 36.80 KS : 24.10 24.40 33.20 37.00 32.10 35.40 MI : 23.50 26.00 32.00 34.50 31.30 33.80 MN : 24.10 26.00 34.30 38.00 34.20 37.90 MO : 24.40 25.20 30.50 34.00 30.10 33.40 NE : 25.60 27.30 36.70 39.60 36.50 39.40 NC : 23.90 24.80 33.80 37.30 33.70 37.20 OH : 26.10 28.00 34.90 37.00 34.30 36.40 OK : 23.90 24.30 30.20 34.80 29.30 33.40 PA : 24.00 24.50 32.50 34.50 31.20 33.00 SD : 23.70 24.70 35.70 39.40 34.40 37.50 TX : 24.10 24.00 32.00 34.00 30.80 32.10 WI : 20.90 25.10 29.30 33.80 28.20 32.70 : US : 25.10 26.60 33.80 37.00 33.30 36.50 ------------------------------------------------------------------------------ 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by States, December 2001 and January 2002 ------------------------------------------------------------------------------ : December : January :----------------------------------------------------------------------- State : Sheep : Lambs : Eggs : 1/ : 1/ : 2/3/ ------------------------------------------------------------------------------ : ---- Dollars per Cwt ---- Dol/Doz : AL : .460 AR : .440 CA : 31.50 57.00 .400 CO : 32.00 58.00 CT : .550 FL : .490 GA : .454 ID : 34.00 56.00 IN : .500 IA : 35.60 60.00 .348 KS : 31.70 60.30 ME : .640 MI : .460 MN : 25.90 61.70 .400 MS : .530 MO : .440 MT : 33.30 63.70 NE : 31.60 60.70 NY : .505 NC : .460 ND : 26.60 56.30 OH : 29.30 63.50 .464 OR : 28.00 57.50 PA : .470 SC : .523 SD : 37.60 70.60 TX : 42.30 75.20 .470 UT : 33.00 60.00 WA : .564 WY : 37.40 66.80 : US : 33.50 61.70 .450 ------------------------------------------------------------------------------ 1/ Entire month. 2/ Mid-month. 3/ Market (table) eggs. Milk and Milk Cows: Prices Received, by States, December 2001 and January 2002 ------------------------------------------------------------------------------ : 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 : 13.10 3.79 13.10 3.79 12.90 3.60 1650 CA : 11.80 3.84 12.40 4.18 11.81 3.84 11.90 3.80 1800 FL : 16.20 3.64 16.20 3.64 16.20 3.65 1840 ID : 12.60 3.75 12.80 4.14 12.60 3.75 12.60 3.70 1600 IL : 12.80 3.81 13.60 3.62 12.80 3.81 12.40 3.80 1470 IN : 13.10 3.80 11.90 3.95 13.00 3.81 13.00 3.81 1450 IA : 13.70 3.79 12.40 3.88 13.60 3.79 13.30 3.77 1430 KY : 14.10 3.74 11.50 3.88 14.10 3.74 14.10 3.73 1540 MI : 13.50 3.73 11.90 3.75 13.50 3.73 13.70 3.77 1550 MN : 13.80 3.79 12.00 3.84 13.70 3.79 13.60 3.76 1470 MO : 13.50 3.76 12.40 3.90 13.50 3.77 13.40 3.78 1410 NM : 13.50 3.73 13.50 3.73 13.30 3.75 1700 NY : 14.00 3.76 14.00 3.76 13.90 3.78 1500 OH : 13.30 3.78 12.70 3.99 13.30 3.80 13.20 3.86 1550 PA : 14.90 3.80 12.60 3.90 14.90 3.80 14.50 3.85 1650 TX : 14.30 3.79 14.30 3.79 14.10 3.75 1750 VT : 14.10 3.76 14.10 3.76 14.00 3.75 1600 VA : 15.00 3.56 15.00 3.56 15.00 3.60 1570 WA : 13.40 3.78 13.40 3.78 13.20 3.79 1650 WI : 13.60 3.82 12.60 3.97 13.60 3.83 13.60 3.82 1540 : US : 13.40 3.79 12.50 3.96 13.40 3.79 13.30 3.78 1610 ------------------------------------------------------------------------------ 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 2001 and January 2002, with Comparisons ------------------------------------------------------------------------------ Item : Jan 2001 : Dec 2001 : Jan 2002 ------------------------------------------------------------------------------ : Parity Equivalent.........Dol per Cwt : 29.03 29.03 29.05 Average Price F.O.B.......Dol per Cwt : 10.90 12.50 2/12.50 Average Fat Test of Milk..Percent : 3.92 3.96 2/3.94 ------------------------------------------------------------------------------ 1/ The parity price equivalent during 2002 is 90.5 percent of the parity price of all milk sold to plants, compared with 91.0 percent in 2001. 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 2002, 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 : : 2001 : 2001 : 2002 : 2001: 2001: 2002 ------------------------------------------------------------------------------- : ----------- Dollars ---------- ---- Percents ---- Basic Commodities : All Wheat, Bu : .579 9.61 9.58 9.35 30 30 31 Rice, Cwt : 1.55 26.70 26.70 25.00 22 15 17 Corn, Bu : .392 6.56 6.54 6.33 30 30 31 Cotton, Lb : American Upland : .0990 1.66 1.66 1.60 31 19 18 Extra Long Staple : .140 2.32 2.31 2.26 Peanuts, Lb : .0401 .675 .673 .648 47 29 27 Tobacco, By Type, Lb : Flue-Cured 11-14 : .255 4.18 4.16 4.12 VA Fire-Cured, 21 : .257 4.19 4.18 4.15 39 43 36 KY-TN Fire-Cured, 22-23 : .319 5.27 5.25 5.15 43 35 Burley, 31 : .274 4.45 4.44 4.43 44 44 44 Maryland, 32 : .220 3.67 3.66 3.55 Dark Air-Cured, 35-36 : .270 4.45 4.44 4.36 43 37 33 Sun-Cured, 37 : .239 3.78 3.77 3.86 46 46 35 PA Seedleaf, 41 : .188 3.10 3.09 3.04 Cigar Filler & Binder, : 42-44, 54-55 : .218 3.56 3.54 3.52 Puerto Rican Filler, 46 : .173 2.82 2.81 2.79 Cigar Binder, 51-52 : .678 10.60 10.60 10.90 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt : 1.99 32.00 31.90 32.10 2/41 2/39 2/41 Honey, Extracted, Lb : 3/.0930 1.50 1.49 1.50 : Wool and Mohair : Wool, Lb : .0950 1.65 1.64 1.53 Mohair, Lb : .315 4.39 4.37 5.09 : Other Nonbasic : Barley, Bu : .385 6.41 6.39 6.22 31 34 33 Cottonseed, Ton : 15.70 253.00 252.00 254.00 44 36 37 Dry Edible Beans, Cwt : 2.90 47.60 47.50 46.80 32 45 49 Flaxseed, Bu : .684 11.30 11.20 11.00 30 42 42 Oats, Bu : .239 3.75 3.74 3.86 32 51 48 Potatoes, Cwt : .817 13.60 13.50 13.20 34 51 52 Rye, Bu : .341 5.46 5.45 5.51 Sorghum Grain, Cwt : .666 11.20 11.20 10.80 30 29 31 Soybeans, Bu : .858 14.30 14.20 13.90 33 30 31 Sweetpotatoes, Cwt : 2.18 34.10 34.00 35.20 Apples, Fresh, Lb 4/ : .0289 .486 .485 .467 33 46 46 Citrus (equiv on-tree),box: Grapefruit : .441 8.04 8.02 7.12 28 29 28 Lemons : 1.08 19.60 19.50 17.40 4 58 47 Oranges : .643 11.30 11.30 10.40 22 30 37 Tangerines : 1.55 27.40 27.30 25.00 31 31 44 Temples (FL) : .527 9.64 9.61 8.51 45 57 Beef Cattle, Cwt : 9.56 157.00 157.00 154.00 48 41 43 Calves, Cwt : 12.70 207.00 207.00 205.00 52 48 49 Hogs, Cwt : 6.18 103.00 102.00 99.80 36 33 37 Lambs, Cwt : 10.80 173.00 172.00 174.00 43 36 Sheep, Cwt : 4.57 72.10 71.90 73.80 60 47 Eggs, Doz : .0933 1.55 1.54 1.51 2/38 2/35 2/37 Turkeys, Live, Lb : .0582 .954 .951 .940 38 40 36 ------------------------------------------------------------------------------- --continued Parity Prices Based on Data for January 2002, 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 : .253 4.09 : Processing 5/ : Spearmint Oil, Lb: 1.64 26.50 : Excl Dried : Tobacco, Lb : : Clingstone, : Type 61 : 2.56 41.30 : CA, Ton : 32.50 525.00 : : Pears, Ton : Noncitrus Fruit : : Fresh 4/ : 51.70 835.00 Apples, Ton 6/ : : Dried, CA 6/ : 162.00 2620.00 Processing : 19.20 310.00 : Plums, CA, Ton : Apricots, Ton : : Fresh, Equiv : Fresh 7/ : 102.00 1650.00 : on-Tree : 53.80 869.00 Dried, CA : 290.00 4680.00 : Prunes, Dried, : Avocados, Ton 7/ : 214.00 3460.00 : CA, Ton 6/ : 137.00 2210.00 Cherries : : Prunes and Plums,: Sweet, Ton : 173.00 2790.00 : Excl CA, Ton : Tart, Lb : .0271 .438 : Fresh 9/ : 51.40 830.00 Cranberry, Bbl 5/: 6.66 108.00 : Processing 6/ : Dates, CA, Ton 7/: 157.00 2540.00 : Excl Dried : 24.10 389.00 Grapes, Ton : : : Raisin Variety : 134.00 2160.00 :Tree Nuts 10/ : Other Dried : 65.70 1060.00 : Almonds, Lb : .215 3.47 Kiwifruit, Ton : 76.90 1240.00 : Hazelnuts, Ton : 118.00 1910.00 Nectarines : : Pistachio, Lb : .157 2.54 Fresh, Calif, : : Walnuts, Ton : 183.00 2960.00 Ton 7/ : 63.30 1020.00 : : Olives, CA : :Vegetables, Cwt 11/: Canning, Ton 5/: 97.40 1570.00 : Fresh : Papayas (HI) Lb : .0505 .816 : Carrots 8/ : 2.00 32.30 Peaches : : Cauliflower 8/ : 4.46 72.00 Fresh, Lb 4/ : .0383 .619 : Celery 8/ : 2.00 32.30 Dried, CA, : : Honeydew Melons : 2.71 43.80 Ton : 103.00 1660.00 : Lettuce : 2.35 38.00 : : Onions 8/ : 1.70 27.50 : : Tomatoes : 4.38 70.70 ------------------------------------------------------------------------------- 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, 1999 and 2000 ------------------------------------------------------------------------------ State : 1999 : 2000 ------------------------------------------------------------------------------ : Dollars per Cwt : : All AR : 5.71 5.60 CA : 6.97 4.99 LA : 5.99 5.82 MS : 5.49 5.68 MO : 5.60 5.40 TX : 6.04 5.82 : US 1/ : 5.93 5.61 : : Length of Grain US: : Long : 5.70 5.84 Medium &: Short : 6.62 5.15 ------------------------------------------------------------------------------ 1/ Based on state prices weighted by marketings for August through July. Prices Received: All Rice, United States by Month, for Marketing Years, 1998-99 through 2000-2001 1/ ------------------------------------------------------------------------------ Year : Aug : Sep : Oct : Nov : Dec : Jan 2/ ------------------------------------------------------------------------------ : Dollars per Cwt : 2000-2001 : 5.72 5.53 5.57 5.72 5.69 5.86 1999-2000 : 6.91 6.17 5.91 5.96 6.01 5.98 1998-1999 : 9.01 9.42 9.31 9.02 9.10 9.09 :---------------------------------------------------------------- : Feb : Mar : Apr : May : Jun : Jul :---------------------------------------------------------------- : Dollars per Cwt : 2000-2001 : 5.72 5.66 5.68 5.40 5.14 5.32 1999-2000 : 5.82 5.64 5.75 5.62 5.69 5.59 1998-1999 : 9.02 8.93 8.49 8.21 8.25 8.26 ------------------------------------------------------------------------------ 1/ August - July for US. 2/ Second year. Apples for Fresh Use: Prices Received, United States, July 1994 - December 2001 ------------------------------------------------------------------------------ Year : Jul : Aug : Sep : Oct : Nov : Dec :Jan 1/: Feb : Mar : Apr : May : Jun ------------------------------------------------------------------------------ : Dollars per Pound : 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 .188 .237 .206 .179 .175 .158 .152 .146 .157 .152 .149 2001 : .152 .173 .211 .247 .233 .224 ------------------------------------------------------------------------------ 1/ January of the following year. Peaches for Fresh Use: Monthly Prices Received, United States, May 1994 - September 2001 1/ ------------------------------------------------------------------------------ Year : May : Jun : Jul : Aug : Sep ------------------------------------------------------------------------------ : Dollars per Pound : 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 .209 .344 2001 : .396 .339 .289 .217 .317 ------------------------------------------------------------------------------- 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 1994 - December 2001 ------------------------------------------------------------------------------- Year : Jul : Aug : Sep : Oct : Nov : Dec :Jan 1/: Feb : Mar : Apr : May : Jun ------------------------------------------------------------------------------- : Dollars per Ton : 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 : 365 396 422 392 352 314 347 350 327 332 324 388 1999 : 200 185 330 505 532 521 489 458 340 344 272 235 2000 : 233 249 315 403 339 347 313 252 296 337 417 2/ 2001 : 440 458 433 396 381 342 ------------------------------------------------------------------------------- 1/ January of the following year. 2/ Insufficient sales to establish a price. Grapes for Fresh Use: Monthly Prices Received, United States, May 1997 - December 2001 ------------------------------------------------------------------------------ Year : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec ------------------------------------------------------------------------------ : Dollars per Ton : 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 : 915 675 515 615 535 705 765 765 2001 : 790 1,190 630 600 670 640 640 850 ------------------------------------------------------------------------------ 1/ Insufficient sales to establish a price. Limes: Marketing Year Average Prices Received, Florida, 2000 - 2002 ------------------------------------------------------------------------------ : : 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 : 1999-2000 : 29.50 16.21 19.00 2.28 11.21 14.00 -2.72 : 2000-2001 : 29.50 17.00 19.00 2.30 12.00 14.00 -2.70 : 2001-2002 2/ : ------------------------------------------------------------------------------ 1/ Net lbs. Per box: 88. 2/ 2001-2002 estimates not published to avoid disclosure of individual operations. Sweetpotatoes: Marketing Year Average Prices Received, by State and United States, 1999-2001 ------------------------------------------------------------------------------ State : 1999 : 2000 : 2001 1/ ------------------------------------------------------------------------------ : Dollars per Cwt : AL : 17.40 15.20 18.20 CA : 28.80 24.10 33.10 GA : 14.00 14.00 13.00 LA : 14.30 13.20 12.90 MS : 21.70 14.60 12.50 NJ : 23.40 25.40 25.00 NC : 12.00 12.30 12.20 SC : 16.20 11.00 10.00 TX : 16.40 16.50 20.90 VA : 8.65 13.30 13.20 : US : 17.60 15.30 16.30 ------------------------------------------------------------------------------ 1/ Preliminary. Parity Prices Parity prices based on data for January 2002 and adjusted base price data from which parity prices are computed, are presented in the table on pages A-33 through A-36. Annual average prices for 1992 through 2001 for use in parity computations, and ten-year averages for 1991-2000 and 1992-2001 are shown on pages A-38 through A-47. 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 2002 this is the 1992-2001 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 1992-December 2001 average of prices received by farmers for corn was $2.70 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 689 (1910-14=100). Dividing $2.70 by 6.89 gives $.392 per bushel, the adjusted base price which is multiplied by 1615 percent, the Parity Index (1910-14=100), based on data for January 2002. This gives $6.33 per bushel, the parity price of corn during February 2002. 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, 2002 ------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2002 2/ ------------------------------------------------------------------------------- : Dollars : Basic Commodities : Wheat, Bu 3/ : 0.579 9.35 Rice, Cwt 3/ : 1.55 25.00 Corn, Bu 3/ : 0.392 6.33 Cotton, Lb : American Upland 3/ : 0.099 1.60 Extra Long Staple : 0.140 2.26 Peanuts, Lb : 0.0401 0.648 Tobacco, Lb : Flue-Cured, Types 11-14 : 0.255 4.12 VA Fire-Cured, Type 21 : 0.257 4.15 KY-TN Fire-Cured, : Types 22-23 : 0.319 5.15 Burley, Type 31 : 0.274 4.43 Maryland, Type 32 : 0.220 3.55 Dark Air-Cured, Types 35-36 : 0.270 4.36 Sun-Cured, Type 37 : 0.239 3.86 PA SeedLeaf, Type 41 : 0.188 3.04 Cigar Filler & Binder, : Types 42-44, 54-55 : 0.218 3.52 Puerto Rican Filler, Type 46 : 0.173 2.79 Cigar Binder, Types 51-52 : 0.678 10.90 : Designated Nonbasic Commodities : Soybeans, Bu 3/ : 0.858 13.90 All Milk Sold to Plants, Cwt : 1.99 32.10 Honey, Wholesale, Lb : Extracted : 0.0930 1.500 : Wool and Mohair : Wool, Lb 3/ : 0.095 1.53 Mohair, Lb : 0.315 5.09 : Other Nonbasic Commodities : Field Crops and Misc : Barley, Bu 3/ : 0.385 6.22 Cottonseed, Ton : 15.70 254.00 Dry Edible Beans, Cwt : 2.90 46.80 Flaxseed, Bu : 0.684 11.00 All Hay, Baled, Ton : 12.50 202.00 Hops, Lb : 0.253 4.09 Oats, Bu 3/ : 0.239 3.86 Peppermint Oil, Lb : 1.81 29.20 Potatoes, Cwt : 0.817 13.20 Rye, Bu : 0.341 5.51 Sorghum Grain, Cwt 3/ : 0.666 10.80 Spearmint Oil, Lb : 1.64 26.50 Sweetpotatoes, Cwt : 2.18 35.20 Tobacco, Cigar Wrapper : Type 61, Lb : 2.56 41.30 ------------------------------------------------------------------------------- See footnotes on page A-37. Adjusted Base Prices and United States Parity Prices Based on Data for January, 2002 ------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2002 2/ ------------------------------------------------------------------------------- : Dollars : Fruit, Citrus (Equiv : On-Tree) Box : Grapefruit 13/ : 0.441 7.12 Lemons 13/ : 1.080 17.40 Oranges 13/ : 0.643 10.40 Tangerines 13/ : 1.55 25.00 Temples 13/ : 0.527 8.51 : Fruit, Deciduous and Other : Apples : Fresh, Lb 4/ : 0.0289 0.467 Processing, Ton 13/ : 19.20 310.00 Apricots, Ton : Fresh : 102.00 1,650.00 Processing : Dried (CA) : 290.00 4,680.00 Excl Dried : 40.60 656.00 Avocados, Ton 13/ : 214.00 3,460.00 Cherries : Sweet, Ton : 173.00 2,790.00 Tart, Lb 13/ : 0.0271 0.438 Cranberries, Bbl 13/ : 6.66 108.00 Dates (CA) Ton 5/ : 157.00 2,540.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 134.00 2,160.00 Excl Raisin Varieties Dried : 65.70 1060.00 Kiwifruit, Ton 13/ : 76.90 1,240.00 Nectarines (CA), Ton : Fresh 5/ : 63.30 1020.00 Processing 6/ : 3.82 61.70 Olives (CA), Ton 7/ : Processing : Crushed for oil : 1.51 24.40 Excl crushed : 83.70 1,350.00 Canning : 97.40 1,570.00 Papayas (HI), Fresh, Lb : 0.0505 0.816 Peaches : Fresh, Lb 7/ : 0.0383 0.619 Processing : Dried (CA), Ton 6/ : 103.00 1,660.00 Excluding Dried, Ton : Clingstone (CA), Ton 7/ : 32.50 525.00 Freestone, Ton 6/ : 27.30 441.00 Pears : Fresh, Ton 4/ : 51.70 835.00 Processing, Ton 6/ : Dried (CA) : 162.00 2,620.00 Excluding Dried : 28.70 464.00 ------------------------------------------------------------------------------- See footnotes on page A-37. Adjusted Base Prices and United States Parity Prices Based on Data for January, 2002 ------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2002 2/ ------------------------------------------------------------------------------- : Dollars : Fruit, Deciduous and Other, Cont: Plums (CA) Equiv On-Tree : Fresh, Ton 8/ : 53.80 869.00 Processing, Ton : 2.79 45.10 Prunes, Dried (CA), Ton 13/ : 137.00 2,210.00 Prunes & Plums (EX CA) Ton : Fresh 8/ : 51.40 830.00 Processing 6/ : 24.10 389.00 Strawberries, Lb : Fresh 6/ : 0.0938 1.510 Processing : 0.0399 0.644 Sugar Crops, Ton : Sugarbeets 10/ 13/ : 5.68 91.70 Sugarcane 10/ 13/ : 4.10 66.20 : Tree Nuts 11/ : Almonds, Lb : 0.215 3.47 Filberts, Ton : 118.00 1,910.00 Pecans, All, Ton : 271.00 4,380.00 Pistachio, All, Lb : .157 2.54 Walnuts, Ton 13/ : 183.00 2,960.00 : Vegetables, Fresh, Cwt 9/ : Asparagus : 16.20 262.00 Broccoli 12/ : 3.95 63.80 Carrots 12/ : 2.00 32.30 Cauliflower 12/ : 4.46 72.00 Celery 12/ : 2.00 32.30 Greenhouse Cucumbers : Honeydew Melons : 2.71 43.80 Lettuce : 2.35 38.00 Onions 12/ : 1.70 27.50 Sweet Corn : 2.54 41.00 Tomatoes : 4.38 70.70 : Vegetables, Processing, Ton 6/ : Asparagus : 162.00 2,620.00 Green Peas : 38.50 622.00 Snap Beans : 25.00 404.00 Sweet Corn : 10.60 171.00 Tomatoes : 9.22 149.00 : Livestock and Products : Beef Cattle, Cwt : 9.56 154.00 Calves, Cwt : 12.70 205.00 Eggs, Doz : 0.0933 1.51 Hogs, Cwt : 6.18 99.80 Lambs, Cwt : 10.80 174.00 Sheep, Cwt : 4.57 73.80 Turkeys, Lb : 0.0582 0.940 ------------------------------------------------------------------------------- See footnotes on page A-37. Adjusted Base Prices and United States Parity Prices Based on Data for January, 2002 ------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2002 2/ ------------------------------------------------------------------------------- : Dollars : Discontinued Nonbasic Commodities : Field Crops and Misc 14/ : Crude Pine Gum, Bbl : 13.90 224.00 Dry Field Peas, Cwt : 1.89 30.50 Popcorn, Cwt : 1.81 29.20 Tobacco, Type 62, Lb : 0.858 13.90 : Fruit, Deciduous and Other 16/ : Berries, Processing, Lb : Blackberries : 0.0620 1.000 Black Raspberries : 0.106 1.71 Boysenberries/Youngberries : 0.0879 1.420 Gooseberries : 0.0373 0.602 Loganberries : 0.0603 0.974 Red Raspberries : 0.0844 1.360 : Seed Crops, Cwt 14/ : Alfalfa : 19.30 312.00 Bentgrass : 18.90 305.00 Chewings Fescue : 10.00 162.00 Crimson Clover : 8.40 136.00 Hairy Vetch : 5.81 93.80 Ladino Clover : 24.70 399.00 Lespedeza : 8.31 134.00 Merion KY Bluegrass : 22.00 355.00 Orchardgrass : 7.16 116.00 Red Clover : 12.00 194.00 Red Fescue : 10.10 163.00 Tall Fescue : 3.67 59.30 Timothy : 6.40 103.00 : Vegetables, Fresh, Cwt 14/ : Artichokes : 4.55 73.50 Cabbage : 1.38 22.30 Cantaloupes : 2.13 34.40 Cucumbers : 2.28 36.80 Eggplant : 2.41 38.90 Escarole : 3.10 50.10 Garlic : 2.93 47.30 Green Peppers : 3.60 58.10 Snap Beans : 4.51 72.80 Spinach : 3.95 63.80 Watermelon : 0.846 13.70 : Vegetables, Processing, Ton 14/ : Beets : 7.79 126.00 Cabbage : 6.01 97.10 Lima Beans : 67.00 1080.00 Spinach : 14.50 234.00 : Livestock and Products 14/ : Beeswax, Lb : 0.291 4.70 ------------------------------------------------------------------------------- See footnotes on page A-37. Adjusted Base Prices and United States Parity Prices Based on data for January 2002 (continued) 1/ Adjusted base price 1910-14 derived by dividing the average of 10 season average prices 1992-2001, including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations, by 689 percent (the 120-month, Jan 1992-Dec 2001 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 1992-Dec 2001 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 2001 marketing year average prices are not yet available for these commodities. Therefore, the adjusted base prices are brought forward from 2000, 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, 1992-2001 1/ ---------------------------------------------------------------------------- : : : : : : : : : : : : : : Commodity and Unit : 1992 : 1993 : 1994 : 1995 : 1996 : 1997 : 1998 : : : : : : : ---------------------------------------------------------------------------- Index of Prices : (1910-14=100) Received by Farmers : 626 643 634 646 712 678 645 ---------------------------------------------------------------------------- : Dollars : : Calendar Year Average Prices 3/ Basic Commodities : Corn, Bu : 2.29 2.22 2.41 2.56 3.55 2.60 2.20 Cotton, Upland, Lb : 0.532 0.538 0.661 0.772 0.741 0.679 0.646 Cotton, Long Staple, Lb : 0.788 0.870 1.025 1.228 1.070 1.014 0.924 Tobacco, Type 32, Lb : 1.470 1.430 1.481 1.573 1.856 1.576 1.291 Wheat, Bu : 3.41 3.21 3.52 4.09 4.77 3.71 2.90 Rice, Cwt : 7.00 6.00 8.22 7.62 9.62 10.01 9.40 : Designated Nonbasic Comm : All Milk, Cwt : 13.10 12.80 13.00 12.80 14.90 13.30 15.40 : Other Nonbasic Comm : Field Crops and Misc : Barley, Bu : 2.09 1.98 2.01 2.47 3.07 2.39 2.13 Dry Beans, Cwt : 17.60 20.70 24.60 21.90 23.70 20.90 20.40 Flaxseed, Bu : 3.75 4.25 4.49 5.05 5.92 6.11 5.72 Hay, Baled, Ton : 71.90 82.30 88.90 83.20 88.90 102.80 89.70 Oats, Bu : 1.36 1.40 1.29 1.45 2.01 1.72 1.34 Rye, Bu : 2.38 2.55 2.70 2.90 3.70 3.75 2.49 Sorghum, Cwt : 3.87 3.66 3.97 4.51 5.93 4.10 3.54 Soybeans, Bu : 5.56 6.04 6.11 5.85 7.27 7.40 5.93 Sweetpotatoes, Cwt : 12.20 15.10 14.00 15.90 14.40 15.80 15.30 : Fruit : Apples, Fresh, Lb 4/ : 0.248 0.183 0.183 0.205 0.242 0.194 0.184 : Livestock and Products : Beef Cattle, Cwt : 71.30 73.40 66.50 62.20 59.30 63.30 59.70 Calves, Cwt : 89.40 95.90 87.10 74.80 58.70 82.30 82.30 Eggs, Doz : 0.564 0.629 0.609 0.639 0.760 0.699 0.659 Hogs, Cwt : 42.00 45.20 39.50 41.80 53.30 52.00 32.50 Lambs, Cwt : 60.80 64.60 64.80 78.30 88.30 90.50 72.50 Sheep, Cwt : 26.90 29.50 31.60 28.60 30.30 38.10 31.90 Turkeys, Lb : 0.377 0.376 0.390 0.407 0.411 0.435 0.401 ---------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1992-2001 1/ (continued) ----------------------------------------------------------------------------- : : : :1991- : 1992-2001 Average : : : : 2000 :-------------------- Commodity and Unit : 1999 : 2000 : 2001 :Average: As :For Parity : : : : :Computed:Purposes 2/ ----------------------------------------------------------------------------- Index of Prices : (1910-14=100) Received by Farmers : 605 612 649 643 645 689 ----------------------------------------------------------------------------- : Dollars : : Calendar Year Average prices 3/ Basic Commodities : Corn, Bu : 1.89 1.86 1.89 2.39 2.35 2.70 Cotton, Upland, Lb : 0.516 0.498 0.395 0.624 0.598 0.682 Cotton, Long Staple, Lb : 0.852 0.952 0.932 0.969 0.966 0.967 Tobacco, Type 32, Lb : 1.345 1.387 6/ 1.501 Wheat, Bu : 2.58 2.57 2.83 3.35 3.36 3.99 Rice, Cwt : 7.60 5.69 5.10 7.85 7.63 10.70 : Designated Nonbasic Comm : All Milk, Cwt : 14.40 12.30 14.90 13.40 13.70 : Other Nonbasic Comm : Field Crops and Misc : Barley, Bu : 1.99 2.14 2.15 2.23 2.24 2.65 Dry Beans, Cwt : 18.00 15.10 17.40 20.00 20.00 Flaxseed, Bu : 4.38 3.45 4.01 4.72 4.71 Hay, Baled, Ton : 78.70 80.40 95.60 84.10 86.20 Oats, Bu : 1.15 1.17 1.42 1.40 1.43 1.65 Rye, Bu : 2.28 2.49 2.90 2.29 2.35 Sorghum, Cwt : 2.86 3.10 3.38 3.95 3.89 4.59 Soybeans, Bu : 4.57 4.73 4.43 5.91 5.79 5.91 Sweetpotatoes, Cwt : 17.60 15.30 16.30 14.90 15.20 : Fruit : Apples, Fresh, Lb 4/ : 0.176 0.195 0.180 0.204 0.199 : Livestock and Products : Beef Cattle, Cwt : 63.30 68.40 71.30 66.00 65.90 Calves, Cwt : 89.60 105.60 106.20 86.60 87.20 Eggs, Doz : 0.621 0.638 0.616 0.648 0.643 Hogs, Cwt : 32.30 42.90 44.10 43.00 42.60 Lambs, Cwt : 74.50 80.30 68.10 72.70 74.30 74.30 Sheep, Cwt : 30.70 33.80 34.00 30.20 31.50 Turkeys, Lb : 0.379 0.407 0.414 0.400 0.401 ----------------------------------------------------------------------------- Footnotes on page A-47. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1992-2001 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1992 : 1993 : 1994 : 1995 : 1996 : 1997 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Basic Commodities : Peanuts, Lb 18/ : 0.300 0.304 0.289 0.293 0.281 0.283 Tobacco, Lb : Types 11-14 : 1.726 1.681 1.698 1.790 1.834 1.720 Type 21 : 1.615 1.719 1.612 1.640 1.790 2.125 KY-TN Fire-Cured, : Types 22-23 : 2.173 2.194 2.092 2.172 2.245 2.256 Burley, Type 31 : 1.815 1.816 1.841 1.854 1.922 1.885 Types 35-36 : 1.694 1.715 1.685 1.762 1.952 2.017 Sun-Cured, Type 37 : 1.380 1.521 1.476 1.555 1.782 1.908 PA Seedleaf, Type 41 : 1.150 0.950 1.000 1.450 1.550 1.600 Cigar Filler & Binder: Types 42-44, 54-55 : 1.487 1.432 1.450 1.450 1.486 1.505 Puerto Rican Filler, : Type 46 7/ : Types 51-52 : 2.800 3.000 3.060 3.888 6.279 7.273 : Designated Nonbasic Comm : Honey, Wholesale, Lb : Extracted 8/ : 0.550 0.539 0.528 0.685 0.888 0.752 : Wool and Mohair 9/ : Wool, Lb : 0.740 0.510 0.780 1.040 0.700 0.840 Mohair, Lb : 0.86 0.82 2.56 1.84 1.92 2.25 : Other Nonbasic Comm : Field Crops and Misc : Cottonseed, Ton : 97.50 113.00 101.00 106.00 126.00 121.00 Hops, Lb : 1.740 1.760 1.810 1.710 1.650 1.600 Peppermint Oil, Lb : 12.80 13.30 14.60 13.80 13.60 12.90 Potatoes, Cwt : 5.52 6.16 5.56 6.75 4.91 5.64 Spearmint Oil, Lb : 12.80 12.30 12.50 12.30 12.00 11.90 -------------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1992-2001 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1991- :1992- : : : : : 2000 : 2001 Commodity and Unit : 1998 : 1999 : 2000 : 2001 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Basic Commodities : Peanuts, Lb 18/ : 0.284 0.254 0.257 0.218 0.283 0.276 Tobacco, Lb : Types 11-14 : 1.756 1.737 1.793 1.859 1.746 1.759 Type 21 : 1.936 1.819 1.637 1.769 1.742 1.766 KY-TN Fire-Cured, : Types 22-23 : 2.225 2.298 2.163 2.155 2.195 2.197 Burley, Type 31 : 1.903 1.899 1.963 1.975 1.869 1.887 Types 35-36 : 2.017 2.039 1.965 1.792 1.869 1.864 Sun-Cured, Type 37 : 1.709 1.590 1.800 1.739 1.616 1.646 PA Seedleaf, Type 41 : 1.300 1.300 1.300 1.309 1.296 Cigar Filler & Binder: Types 42-44, 54-55 : 1.498 1.490 1.550 1.650 1.490 1.500 Puerto Rican Filler, : Type 46 7/ : Types 51-52 : 5.499 4.737 4.916 5.250 4.405 4.670 : Designated Nonbasic Comm : Honey, Wholesale, Lb : Extracted 8/ : 0.655 0.601 0.594 6/ 0.635 : Wool and Mohair 9/ : Wool, Lb : 0.600 0.380 0.330 6/ 0.647 Mohair, Lb : 2.49 3.46 4.04 6/ 2.15 : Other Nonbasic Comm : Field Crops and Misc : Cottonseed, Ton :129.00 89.00 106.00 89.50 106.00 108.00 Hops, Lb : 1.690 1.690 1.870 1.910 1.720 1.740 Peppermint Oil, Lb : 11.90 10.70 10.80 10.80 12.80 12.50 Potatoes, Cwt : 5.56 5.77 4.95 6/ 5.58 Spearmint Oil, Lb : 11.00 9.70 9.60 9.10 11.80 11.30 -------------------------------------------------------------------------------- Footnotes on page A-47. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1992-2001 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1992 : 1993 : 1994 : 1995 : 1996 : 1997 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 17.00 17.00 17.80 6/ 6/ 6/ : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 2.75 3.33 2.30 2.32 1.93 2.00 Lemons : 6.15 6.18 7.52 6.37 8.36 6.57 Oranges : 3.88 4.40 4.23 4.79 4.22 4.29 Tangerines : 12.08 9.56 12.21 11.10 9.48 8.84 Temples : 2.99 2.73 3.47 4.44 3.22 3.07 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 171.00 130.00 107.00 114.00 159.00 171.00 Apricots, Ton : Fresh 14/ :1,250.00 593.00 778.00 546.00 900.00 1,170.00 Processing 11/ : Dried (CA) :2,110.00 1,960.00 2,320.00 1,890.00 2,090.00 2,240.00 Excl Dried : 289.00 286.00 271.00 305.00 282.00 285.00 Avocados, Ton : 405.00 1,780.00 1,380.00 1,300.00 1,430.00 1,560.00 Cherries : Sweet, Ton : 915.00 1,190.00 1,040.00 1,260.00 1,470.00 1,250.00 Tart, Lb : 0.176 0.121 0.163 0.059 0.161 0.159 Cranberries, Bbl : 51.60 50.20 49.30 53.40 65.90 63.70 Dates (CA) Ton :1,060.00 790.00 750.00 780.00 1,090.00 1,100.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 911.00 937.00 923.00 980.00 1,070.00 908.00 Excl Raisin Var Dr : 334.00 377.00 376.00 399.00 483.00 497.00 Kiwifruit, Ton 12/ : 290.00 370.00 491.00 459.00 470.00 518.00 Nectarines, CA, Ton : Fresh 12/ : 316.00 509.00 286.00 20/ 20/ 20/ Processing 11/ : 27.30 28.00 25.00 20/ 20/ 20/ Olives (CA), Ton : Processing 13/ : Crushed for Oil : 10.50 10.50 11.00 11.00 11.00 11.00 Excl Crushed : 568.00 488.00 489.00 681.00 643.00 665.00 Canning 13/ : 676.00 558.00 551.00 779.00 745.00 760.00 -------------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1992-2001 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1991- :1992- : : : : : 2000 : 2001 Commodity and Unit : 1998 : 1999 : 2000 : 2001 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 6/ 6/ 6/ 6/ 17.50 : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 3.17 3.89 2.24 6/ 3.01 Lemons : 8.85 9.49 5.00 6/ 7.36 Oranges : 5.47 3.58 3.56 6/ 4.39 Tangerines : 12.55 7.15 8.37 6/ 10.61 Temples : 5.12 2.55 1.91 6/ 3.60 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 130.00 94.60 128.00 6/ 131.00 Apricots, Ton : Fresh 14/ : 558.00 579.00 638.00 573.00 760.00 700.00 Processing 11/ : Dried (CA) :1,810.00 1,860.00 20/ 1,860.00 2,020.00 2,000.00 Excl Dried : 273.00 260.00 295.00 283.00 283.00 280.00 Avocados, Ton :2,160.00 2,110.00 1,460.00 6/ 1,460.00 Cherries : Sweet, Ton :1,090.00 1,100.00 1,340.00 1,280.00 1,162.00 1,194.00 Tart, Lb : 0.145 0.218 0.187 6/ 0.185 Cranberries, Bbl : 36.60 17.20 17.60 6/ 45.50 Dates (CA) Ton :1,220.00 1,240.00 1,230.00 1,590.00 1,023.00 1,085.00 Grapes, Ton : Raisin Varieties : Dried (CA) :1,250.00 1,220.00 510.00 500.00 967.00 921.00 Excl Raisin Var Dr : 508.00 522.00 510.00 528.00 436.00 453.00 Kiwifruit, Ton 12/ : 744.00 634.00 455.00 6/ 525.00 Nectarines, CA, Ton : Fresh 12/ : 20/ 437.00 407.00 480.00 429.00 436.00 Processing 11/ : 20/ 27.90 24.00 26.00 27.60 26.30 Olives (CA), Ton : Processing 13/ : Crushed for Oil : 11.00 11.00 11.00 6.00 10.80 10.40 Excl Crushed : 481.00 394.00 677.00 681.00 566.00 577.00 Canning 13/ : 590.00 513.00 769.00 770.00 657.00 671.00 -------------------------------------------------------------------------------- Footnotes on page A-47. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1992-2001 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1992 : 1993 : 1994 : 1995 : 1996 : 1997 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Papayas (HA), Fresh, Lb : 0.250 0.232 0.243 0.435 0.448 0.529 : Peaches : Fresh, Lb 14/ : 0.212 0.221 0.188 0.260 0.331 0.244 Processing 11/ : Dried (CA), Ton : 893.00 713.00 856.00 894.00 726.00 612.00 Excluding Dried, Ton : Clingstone CA, Ton : 215.00 218.00 180.00 213.00 219.00 260.00 Freestone, Ton : 188.00 187.00 187.00 187.00 181.00 194.00 : Pears : Fresh, Ton 4/ : 378.00 280.00 258.00 343.00 496.00 329.00 Processing, Ton 11/ : Dried (CA) :1,130.00 970.00 942.00 919.00 1,290.00 1,020.00 Excluding Dried : 221.00 206.00 184.00 177.00 223.00 213.00 : Plums (CA), Ton : Fresh 20/ : Processing 20/ : : Prunes,Dried, CA, Ton 11/:1,030.00 1,120.00 1,090.00 1,040.00 839.00 883.00 : Prunes&Plums, Ex CA, Ton : Fresh 14/ : 243.00 206.00 255.00 441.00 575.00 448.00 Processing 11/ : 146.00 157.00 105.00 145.00 267.00 134.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.615 0.540 0.602 0.604 0.565 0.656 Processing : 0.247 0.284 0.291 0.262 0.204 0.271 : Sugar Crops, Ton 17/ : Sugarbeets : 41.40 39.00 38.80 38.10 45.40 38.80 Sugarcane : 28.10 28.50 29.20 29.50 28.30 28.10 -------------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1992-2001 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1991- :1992- : : : : : 2000 : 2001 Commodity and Unit : 1998 : 1999 : 2000 : 2001 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Papayas (HA), Fresh, Lb : 0.350 0.402 0.316 0.270 0.354 0.348 : Peaches : Fresh, Lb 14/ : 0.306 0.290 0.281 0.310 0.260 0.264 Processing 11/ : Dried (CA), Ton : 544.50 619.50 740.00 514.00 768.00 711.00 Excluding Dried, Ton : Clingstone CA, Ton : 219.00 225.00 250.00 244.00 222.00 224.00 Freestone, Ton : 186.00 185.00 187.00 200.00 187.00 188.00 : Pears : Fresh, Ton 4/ : 373.00 393.00 318.00 390.00 355.00 356.00 Processing, Ton 11/ : Dried (CA) :1,500.00 1,040.00 909.00 1,410.00 1,062.00 1,113.00 Excluding Dried : 199.00 184.00 190.00 183.00 202.00 198.00 : Plums (CA), Ton : Fresh 20/ : 373.00 371.00 Processing 20/ : 17.40 19.20 : Prunes,Dried, CA, Ton 11/: 764.00 861.00 770.00 6/ 934.00 : Prunes&Plums, Ex CA, Ton : Fresh 14/ : 476.00 232.00 321.00 345.00 362.00 354.00 Processing 11/ : 162.00 182.00 178.00 185.00 170.00 166.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.741 0.735 0.648 0.757 0.625 0.646 Processing : 0.319 0.330 0.246 0.295 0.273 0.275 : Sugar Crops, Ton 17/ : Sugarbeets : 36.40 37.20 34.20 6/ 38.80 Sugarcane : 27.30 25.60 26.10 6/ 28.00 -------------------------------------------------------------------------------- Footnotes on page A-47. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1992-2001 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1992 : 1993 : 1994 : 1995 : 1996 : 1997 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Tree Nuts 18/ : Almonds, Lb : 1.190 1.300 1.940 1.340 2.480 2.080 Filberts, Ton : 552.00 633.00 835.00 913.00 860.00 899.00 Pecans, All, Ton :2,900.00 1,172.00 2,080.00 2,020.00 1,282.00 1,548.00 Pistachio, All Lb : 1.03 1.07 .920 1.09 1.16 1.13 Walnuts, Ton :1,410.00 1,390.00 1,030.00 1,400.00 1,580.00 1,430.00 : Vegetables,Fresh, Cwt 15/: Asparagus : 92.00 95.70 100.00 113.00 92.90 108.00 Broccoli 19/ : 23.50 26.60 27.50 29.30 27.10 28.50 Carrots 19/ : 10.80 11.70 12.90 16.70 13.40 12.90 Cauliflower 19/ : 28.10 29.90 28.20 33.20 32.90 31.60 Celery 19/ : 12.30 14.80 11.80 16.30 10.50 14.70 Honeydew Melons : 13.50 18.20 16.40 20.60 17.00 18.90 Lettuce : 12.40 16.00 13.30 23.50 14.70 17.50 Onions 19/ : 13.00 14.30 9.80 9.90 10.50 12.60 Sweet Corn : 14.40 17.80 17.20 18.30 16.90 17.70 Tomatoes : 35.80 31.50 27.40 25.50 28.10 31.70 : Vegetables, Proc. Ton 11/: Asparagus : 948.00 1,007.00 1,050.00 1,150.00 1,210.00 1,220.00 Green Peas : 239.00 251.00 254.00 267.00 284.00 288.00 Snap Beans : 173.00 178.00 166.00 173.00 178.00 176.00 Sweet Corn : 68.20 72.40 68.50 75.60 78.50 74.90 Tomatoes : 70.80 60.10 62.10 63.20 62.30 60.70 -------------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1992-2001 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1991- :1992- : : : : : 2000 : 2001 Commodity and Unit : 1998 : 1999 : 2000 : 2001 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Tree Nuts 18/ : Almonds, Lb : 1.560 1.410 0.860 0.970 1.510 1.480 Filberts, Ton : 964.00 890.00 891.00 700.00 816.00 814.00 Pecans, All, Ton :2,420.00 1,628.00 2,280.00 1,374.00 1,940.00 1,870.00 Pistachio, All Lb : 1.03 1.33 .990 1.04 1.079 1.100 Walnuts, Ton :1,050.00 886.00 1,240.00 6/ 1,250.00 : Vegetables,Fresh, Cwt 15/: Asparagus : 124.00 131.00 117.00 140.00 105.30 111.40 Broccoli 19/ : 29.50 24.10 31.00 25.10 26.90 27.20 Carrots 19/ : 12.00 16.80 13.10 17.40 13.20 13.80 Cauliflower 19/ : 32.80 30.00 33.10 27.30 30.70 30.70 Celery 19/ : 12.30 12.00 18.50 14.70 13.40 13.80 Honeydew Melons : 21.10 21.60 19.20 20.60 18.50 18.70 Lettuce : 16.10 13.30 17.40 17.60 15.60 16.20 Onions 19/ : 13.80 9.78 11.30 11.60 11.70 11.70 Sweet Corn : 17.20 17.20 18.20 19.60 17.20 17.50 Tomatoes : 35.20 25.90 30.80 30.20 30.40 30.20 : Vegetables, Proc. Ton 11/: Asparagus :1,200.00 1,180.00 1,180.00 1,040.00 1,110.00 1,119.00 Green Peas : 282.00 275.00 248.00 265.00 265.00 265.00 Snap Beans : 172.00 173.00 171.00 161.00 174.00 172.00 Sweet Corn : 73.30 71.10 73.40 72.90 72.70 72.90 Tomatoes : 65.30 71.10 59.80 59.20 64.20 63.50 -------------------------------------------------------------------------------- 1/ Averages used to compute "adjusted base prices". 2001 and 1992-2001 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 1991-2000 and 1992-2001 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 1991-2000 and 1992-2001 averages for parity purposes include this allowance. 10/ Consistent with legislation quoted in this report, citrus prices shown for 2000 relate to the citrus crop designated as 2000-2001 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, 1998-2002 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : All Farm Products : : 1910-14=100 : 1998 : 655 646 654 664 658 650 645 642 633 632 633 627 645 1999 : 616 610 618 616 620 615 598 619 607 575 588 583 605 2000 : 573 584 602 637 635 626 614 612 620 593 622 629 612 2001 : 613 634 658 673 686 681 682 695 672 600 594 605 649 2002 : 607 : : 1990-92=100 : 1998 : 103 102 103 105 104 102 102 101 100 99 100 99 102 1999 : 97 96 97 97 98 97 94 97 96 91 93 92 95 2000 : 90 92 95 100 100 98 97 96 98 93 98 99 96 2001 : 96 100 104 106 108 107 107 109 106 95 94 95 102 2002 : 96 : : All Crops : : 1910-14=100 : 1998 : 543 545 554 572 556 526 525 511 499 495 501 495 527 1999 : 482 488 494 517 505 488 462 479 463 429 435 443 474 2000 : 436 451 469 505 509 487 468 478 481 449 477 480 474 2001 : 462 482 489 508 522 501 508 533 503 435 440 469 488 2002 : 468 : : 1990-92=100 : 1998 : 110 110 112 116 113 107 107 104 101 100 102 100 107 1999 : 98 99 100 105 102 99 94 97 94 87 88 90 96 2000 : 88 91 95 102 103 99 95 97 97 91 97 97 96 2001 : 94 98 99 103 106 102 103 108 102 88 89 95 99 2002 : 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, 1998-2002 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Food Grains : : 1910-14=100 : 1998 : 369 372 376 361 345 306 283 269 277 318 334 321 328 1999 : 323 321 313 306 286 275 246 275 277 274 282 270 287 2000 : 269 270 271 271 273 267 249 258 259 280 293 300 272 2001 : 296 291 293 292 303 289 279 286 292 285 280 289 290 2002 : 287 : : 1990-92=100 : 1998 : 116 117 118 114 109 96 89 85 87 100 105 101 103 1999 : 102 101 99 96 90 87 77 87 87 86 89 85 91 2000 : 85 85 85 85 86 84 78 81 82 88 92 94 85 2001 : 93 91 92 92 95 91 88 90 92 90 88 91 91 2002 : 90 : : Feed Grains and Hay : : 1910-14=100 : 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 : 302 315 323 325 342 322 294 280 277 285 303 324 308 2001 : 319 324 325 323 326 323 339 342 330 308 308 329 325 2002 : 324 : : 1990-92=100 : 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 96 90 82 78 78 80 85 90 86 2001 : 89 90 91 90 91 90 95 96 92 86 86 92 91 2002 : 91 -------------------------------------------------------------------------- 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, 1998-2002 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Cotton : : 1910-14=100 : 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 : 364 396 403 384 402 381 412 434 428 469 490 489 421 2001 : 440 410 347 360 346 331 329 304 325 292 249 272 334 2002 : 245 : : 1990-92=100 : 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 95 82 2001 : 86 80 68 70 67 65 64 59 64 57 49 53 65 2002 : 48 : : Tobacco 2/ : : 1910-14=100 : 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 1604 1613 1696 1722 1614 2001 : 1735 1752 1496 1235 1622 1578 1639 1657 1717 1704 1614 2002 : 1683 : : 1990-92=100 : 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 97 106 107 112 114 107 2001 : 115 116 99 82 107 104 108 109 114 113 107 2002 : 111 -------------------------------------------------------------------------- 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, 1998-2002 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Oil-Bearing Crops : : 1910-14=100 : 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 : 451 471 479 487 507 480 442 432 464 444 465 481 467 2001 : 458 438 428 412 423 437 468 478 445 405 422 425 437 2002 : 420 : : 1990-92=100 : 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 85 81 85 88 85 2001 : 84 80 78 75 77 80 86 87 81 74 77 78 80 2002 : 77 : : Fruit and Nuts : : 1910-14=100 : 1998 : 602 684 712 734 781 808 887 944 906 900 816 676 788 1999 : 664 725 756 813 787 840 840 838 824 810 755 638 774 2000 : 598 618 614 679 614 746 770 784 813 797 705 537 690 2001 : 567 578 664 712 652 825 862 886 878 856 770 642 741 2002 : 599 : : 1990-92=100 : 1998 : 86 98 102 105 112 116 127 135 130 129 117 97 113 1999 : 95 104 108 116 113 120 120 120 118 116 108 91 111 2000 : 86 89 88 97 88 107 110 112 116 114 101 77 99 2001 : 81 83 95 102 93 118 123 127 126 123 110 92 106 2002 : 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, 1998-2002 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Commercial Vegetables : : 1910-14=100 : 1998 : 816 775 837 1042 859 736 806 764 760 886 756 779 818 1999 : 705 752 809 874 789 738 696 708 701 653 653 769 737 2000 : 657 575 721 907 875 789 797 863 957 834 945 930 821 2001 : 817 982 921 946 976 797 794 948 884 674 675 998 868 2002 : 1142 : : 1990-92=100 : 1998 : 122 116 125 156 129 110 121 114 114 133 113 117 123 1999 : 106 112 121 131 118 110 104 106 105 98 98 115 110 2000 : 98 86 108 136 131 118 119 129 143 125 141 139 123 2001 : 122 147 138 142 146 119 119 142 132 101 101 149 130 2002 : 171 : : Potatoes and Dry Beans : : 1910-14=100 : 1998 : 491 524 554 546 559 539 517 481 449 415 450 475 500 1999 : 489 497 520 546 532 557 610 517 451 429 474 463 507 2000 : 475 496 519 545 529 511 559 464 406 384 383 395 472 2001 : 397 431 470 484 533 541 634 575 515 469 535 589 514 2002 : 597 : : 1990-92=100 : 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 : 94 98 103 108 105 101 110 92 80 76 76 78 93 2001 : 79 85 93 96 105 107 125 114 102 93 106 116 102 2002 : 118 -------------------------------------------------------------------------- 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, 1998-2002 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Other Crops : : 1910-14=100 : 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 : 541 541 541 541 541 541 541 541 541 541 541 541 541 2001 : 554 554 554 554 554 554 554 554 554 554 554 554 554 2002 : 558 : : 1990-92=100 : 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 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2001 : 112 112 112 112 112 112 112 112 112 112 112 112 112 2002 : 113 : : Food Commodities : : 1990-92=100 : 1998 : 101 99 101 104 103 101 101 102 101 101 101 99 101 1999 : 97 96 97 97 97 97 94 99 97 92 96 93 96 2000 : 90 91 94 101 100 99 98 98 100 94 100 99 97 2001 : 97 100 105 108 110 109 109 112 108 96 97 97 104 2002 : 97 -------------------------------------------------------------------------- 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, 1998-2002 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Livestock and Products : : 1910-14=100 : 1998 : 726 721 728 731 734 756 742 757 751 753 744 740 740 1999 : 739 717 727 694 718 729 727 750 750 739 754 723 731 2000 : 711 709 723 756 745 754 756 736 751 745 763 777 744 2001 : 767 780 827 831 844 862 858 851 847 801 760 734 814 2002 : 740 : : 1990-92=100 : 1998 : 95 94 95 95 96 99 97 99 98 98 97 96 97 1999 : 96 93 95 90 94 95 95 98 98 96 98 94 95 2000 : 93 92 94 98 97 98 99 96 98 97 99 101 97 2001 : 100 102 108 108 110 112 112 111 110 104 99 96 106 2002 : 96 : : Meat Animals : : 1910-14=100 : 1998 : 851 830 834 856 888 873 808 792 745 765 728 676 804 1999 : 764 788 802 822 848 852 828 865 852 886 884 892 840 2000 : 914 930 962 1009 991 984 972 932 918 934 939 969 955 2001 : 989 999 1050 1053 1046 1053 1034 1016 975 926 872 860 989 2002 : 901 : : 1990-92=100 : 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 2001 : 97 98 103 104 103 104 102 100 96 91 86 85 97 2002 : 89 -------------------------------------------------------------------------- 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, 1998-2002 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Dairy Products : : 1910-14=100 : 1998 : 903 916 891 860 817 873 879 953 1032 1094 1100 1112 953 1999 : 1069 934 934 774 787 805 848 922 965 916 885 750 882 2000 : 737 725 725 731 737 756 774 768 793 768 774 799 757 2001 : 811 799 854 885 946 989 996 1008 1045 965 885 823 917 2002 : 817 : : 1990-92=100 : 1998 : 113 114 111 107 102 109 109 119 129 136 137 139 119 1999 : 133 116 116 96 98 100 106 115 120 114 110 93 110 2000 : 92 90 90 91 92 94 96 96 99 96 96 100 94 2001 : 101 100 106 110 118 123 124 126 130 120 110 103 114 2002 : 102 : : Poultry and Eggs : : 1910-14=100 : 1998 : 299 292 305 305 304 326 346 369 361 353 348 333 328 1999 : 322 307 303 299 312 319 318 315 306 293 324 305 310 2000 : 282 273 275 297 287 297 299 296 320 311 334 322 299 2001 : 296 314 334 327 325 331 336 338 342 340 330 307 327 2002 : 308 : : 1990-92=100 : 1998 : 106 104 108 109 108 116 123 131 128 126 124 118 117 1999 : 115 109 108 106 111 113 113 112 109 104 115 108 110 2000 : 100 97 98 106 102 106 106 105 114 111 119 114 107 2001 : 105 112 119 116 115 118 120 120 122 121 117 109 116 2002 : 109 -------------------------------------------------------------------------- 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 2002 is 90.5, down from 2001. The parity price for all milk sold to plants is $32.10 per cwt. This price multiplied by 90.5 percent, results in $29.05 per cwt as the parity price equivalent for manufacturing milk of average milkfat content. In 2001, the simple average of monthly fat tests for manufacturing grade milk was 3.79 percent. The fat test ranged from a low of 3.59 in July to a high of 3.96 percent in December. Manufacturing Grade Milk: Average Price Per Cwt Received 1/, by Months, United States, January 1992-December 2001 -------------------------------------------------------------------------------- : : : : : : : : : : : : Year : Jan : Feb : Mar : Apr : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec : : : : : : : : : : : : -------------------------------------------------------------------------------- : Dollars : 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 : 10.60 10.30 10.10 10.20 10.10 10.40 10.80 10.70 11.40 10.60 10.40 10.80 2001 : 10.90 11.10 12.20 12.90 14.30 15.10 15.00 15.40 16.20 14.80 12.40 12.50 -------------------------------------------------------------------------------- 1/ Before hauling costs are deducted and including premiums paid to farmers. 2/ Preliminary Average price January 1992 - December 2001 a. Manufacturing grade milk 12.40 b. All milk sold at wholesale to plants and dealers 13.70 c. Ratio a/b 90.5 Parity price equivalent for manufacturing grade milk - United States a. January 2001 29.12 b. December 2001 29.03 c. January 2002 29.05 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 121 (1990-92=100), down 1 point (0.8 percent) from December 2001 and 3.2 percent below January 2001. Production Index: The January Farm Production, Goods, and Services Index, at 116, was down 0.9 percent from last month and 4.1 percent below last year. Lower prices in January for herbicides, feed concentrates, nitrogen fertilizer, feeder cattle, and LP gas more than offset higher prices for feeder pigs, feed supplements, insecticides, and complete feeds in the index. Feed: The Feed Index, at 108, was unchanged from December and 3.6 percent below last January. Since December, lower prices for feed concentrates offset higher prices for feed supplements, complete feeds, and feed grains. Livestock and Poultry: The Index for Livestock and Poultry purchases, at 109, was 0.9 percent lower than last month and 1.8 percent lower than January 2001. Since December, lower prices for feeder cattle and milk cows more than offset higher prices for feeder pigs. The January feeder cattle price, at $86.70 per cwt, was down $1.30 per cwt from the December price. Fertilizer: The Fertilizer Index, at 102, was down 1.9 percent from December and 24 percent below January 2001. Since December, prices were lower for nitrogen fertilizers and potash and phosphate materials. Agricultural Chemicals: The Chemicals Index, at 120, was down 1.6 percent from last month and 2.4 percent below last January. Lower prices in January for herbicides were partially offset by rising insecticide prices. Fuels: The Fuels Index, at 75, was down 2.6 percent from a month earlier and 45 percent below January 2001. Prices since December were lower for LP gas and diesel fuel but higher for gasoline. Farm Machinery: The January Farm Machinery Index was 141, unchanged from December and last January. Since December, prices were slightly higher for self-propelled machinery. Consumer Price Index: The December 2001 Consumer Price Index for all urban consumers (CPI-U) declined 0.4 percent, before seasonal adjustment, to a level of 176.7 (1982-84=100). This compares to the November index of 177.4. For the 12-month period ending in December, the overall index has increased 1.6 percent. Index Numbers of Prices Paid by Farmers and Related Parity Ratios United States, January 2002 With Comparisons -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2001 : 2002 : 2001 : 2002 Ratios :---------------------------------------------- : Jan : Dec : Jan : Jan : Dec : Jan -------------------------------------------------------------------------------- Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1658 *1618 1615 125 122 121 Production : 1176 *1131 1129 121 117 116 Feed : 545 *529 527 112 108 108 Livestock and Poultry : 1417 1400 1390 111 110 109 Seeds : 1238 1329 1329 125 134 134 Fertilizer : 497 *382 372 135 *104 102 Agricultural Chemicals : 761 *752 741 123 *122 120 Fuels : 1061 *594 577 137 *77 75 Supplies & Repairs : 896 917 917 126 129 129 Autos & Trucks : 3179 *3169 3185 120 *119 120 Farm Machinery : 3543 *3545 3546 141 141 141 Building Material : 1636 *1639 1634 120 121 120 Farm Services & Rent : 1413 *1416 1428 Farm Services : 120 120 120 Rent : 117 *117 120 Interest 1/ : 2845 *2845 2728 114 *114 109 Taxes 2/ : 3330 *3330 3378 124 *124 126 Wage Rates : 5596 5544 5544 150 148 148 Production, Interest, Taxes, : & Wage Rates (PITW) : 1657 *1605 1601 123 *119 119 Family Living-CPI 3/ : 1663 *1678 1678 130 *131 131 -------------------------------------------------------------------------------- Ratio (Received\Paid) : 77 *78 79 Parity Ratio 4/ : 37 *37 38 Parity Ratio Adjusted 5/ : 41 *41 40 PPITW Adjusted for : Productivity 6/ : 1136 *1128 1125 -------------------------------------------------------------------------------- Crop Sector (PPITW) : 127 *123 123 Livestock Sector (PPITW) : 122 *119 119 -------------------------------------------------------------------------------- Farm Sector (Production) : 113 112 112 Non-Farm Sector (Production) : 125 *119 118 -------------------------------------------------------------------------------- * 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 1.052 for 2002 and the revised factor is 1.105 for 2001. 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 2002 With Comparisons -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 1/ : 2001 : 2002 :----------------------------------------------------- : 2001 : 2002 : Jan : Dec : Jan -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 67.1 66.9 121 117 116 : Feed : 11.5 11.3 112 108 108 Feed Grains : 1.6 1.6 85 *86 86 Complete Feeds : 5.6 5.5 114 *110 111 Hay/Forages : 1.4 1.4 110 120 120 Concentrates : 1.8 1.8 122 *104 98 Supplements : 1.0 0.9 127 *126 131 Livestock & Poultry : 6.7 6.8 111 110 109 Feeder Cattle : 5.2 5.3 109 104 102 Feeder Pigs : 0.5 0.5 125 123 136 Milk Cow Replacements : 0.5 0.6 117 151 143 Poultry : 0.4 0.4 109 109 109 Seeds : 3.0 3.1 125 134 134 Field Crops : 2.7 2.8 126 136 136 Grasses/Legumes : 0.3 0.3 115 118 118 Fertilizer : 4.8 4.7 135 *104 102 Mixed Fertilizer : 2.1 2.1 109 107 107 Nitrogen : 2.0 2.0 171 101 97 Potash & Phosphate : 0.7 0.7 110 *104 98 Agricultural Chemicals : 4.0 3.9 123 *122 120 Herbicides : 2.5 2.5 111 *113 109 Insecticides : 0.9 0.9 159 *144 148 Fungicides/Other : 0.6 0.6 120 121 121 Fuels : 2.6 2.7 137 *77 75 Diesel : 1.5 1.5 139 *80 79 Gasoline : 0.7 0.8 117 *69 70 LP Gas : 0.4 0.4 175 *81 66 Farm Supplies & Repairs : 5.6 5.5 126 129 129 Supplies : 1.9 1.8 119 122 122 Repairs : 3.7 3.7 130 133 133 Autos & Trucks : 1.7 1.7 120 *119 120 Autos : 0.2 0.2 112 *112 113 Trucks : 1.5 1.5 121 *120 121 Farm Machinery : 4.0 4.0 141 141 141 Tractors : 0.9 0.9 138 139 139 Self-Propelled : 1.6 1.6 141 *139 139 Other Machinery : 1.5 1.5 144 *145 145 Building Materials : 2.8 3.1 120 121 120 Farm Services : 12.4 12.3 120 120 120 Custom Rates : 1.3 1.3 121 121 121 Other Services : 11.1 11.1 119 120 120 Rent : 7.9 7.7 117 *117 120 Cash : 4.0 4.2 143 *143 145 Share : 3.9 3.6 91 91 91 Interest : 4.9 4.8 114 *114 109 Taxes : 3.1 3.0 124 *124 126 Wage Rates : 7.2 7.3 150 148 148 Family Living-CPI : 17.8 18.0 130 *131 131 -------------------------------------------------------------------------------- * Revised. 1/ Weights may not add due to rounding. Feed Price Ratios: United States, January 2002 with Comparisons -------------------------------------------------------------------------------- : 2001 : 2002 Feed Price Ratio 1/ :----------------------------- : Jan : Dec : Jan -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 6.4 *7.4 7.3 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 10.9 *9.3 10.2 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 18.8 *16.8 18.4 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 3.08 *3.01 2.99 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 40.1 *34.6 35.6 live weight : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 7.3 *8.1 7.1 -------------------------------------------------------------------------------- 1/ Effective April 1998, 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 2002 with Comparisons -------------------------------------------------------------------------------- : : 2001 : 2002 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.340 0.370 0.370 Eggs, Market : Doz : 0.503 0.410 0.450 : : Hogs, All : Cwt : 37.20 *33.30 36.50 Milk, All : Cwt : 13.20 *13.40 13.30 : : Steers and Heifers : Cwt : 79.30 *68.60 70.50 Turkeys, Live : Lb : 0.366 0.385 0.341 : : Corn : Bu : 1.98 *1.98 1.98 Hay, Alfalfa, Baled : Ton : 91.00 102.00 101.00 : : Soybeans : Bu : 4.68 *4.20 4.27 Wheat, All : Bu : 2.84 2.89 2.94 -------------------------------------------------------------------------------- * Revised. Feeder Livestock: Prices Paid, United States January 2002 with Comparisons -------------------------------------------------------------------------------- : : 2001 : 2002 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan ------------------------------------------------------------------------------- : : Dollars Feeders and Stockers : : Cattle and Calves : Cwt : 92.20 88.00 86.70 Feeder Pigs : Cwt : 115.00 113.00 125.00 -------------------------------------------------------------------------------- Private Non-Irrigated Grazing Fee Rates for Cattle by Selected States and Regions -------------------------------------------------------------------------------- : Survey Average Rates 1/ :-------------------------------------------------------------- State : Animal Unit 2/ : Cow-Calf : Per Head :-------------------------------------------------------------- : 2000 : 2001 : 2000 : 2001 : 2000 : 2001 -------------------------------------------------------------------------------- : Dollars per Month : AZ : 7.20 7.00 10.00 9.75 7.40 7.20 : CA : 12.30 13.00 15.50 16.00 12.70 13.50 : CO : 11.80 11.90 14.40 14.20 12.20 12.30 : ID : 10.90 11.50 13.00 13.40 11.50 12.00 : KS : 12.00 12.50 14.00 15.50 12.00 12.50 : MT : 14.10 14.90 15.60 16.70 14.70 16.00 : NE : 20.00 20.60 24.00 24.60 21.00 21.50 : NV : 9.50 10.00 11.50 13.00 10.50 10.70 : NM : 9.00 10.20 11.50 12.50 9.40 10.50 : ND : 10.90 10.30 12.50 12.20 12.50 12.50 : OK : 7.00 8.00 8.50 9.00 7.00 7.50 : OR : 10.70 12.10 12.90 12.80 10.00 9.50 : SD : 15.50 15.70 17.60 18.30 16.40 17.20 : TX : 8.50 8.50 10.50 9.50 8.50 9.00 : UT : 10.80 11.00 13.10 14.00 11.30 11.50 : WA : 8.90 9.10 11.20 11.80 9.90 10.20 : WY : 12.20 12.90 14.10 15.00 12.60 13.10 : 17-State 3/ : 11.50 11.90 13.70 13.90 11.90 12.40 : 16-State 4/ : 12.60 13.10 14.90 15.50 13.10 13.70 : 11-State 5/ : 11.60 12.30 13.80 14.50 12.00 12.60 : 9-State 6/ : 11.40 11.70 13.60 13.70 11.80 12.30 -------------------------------------------------------------------------------- 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 listed. 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. **************************************************************************** * The data presented in the following table are calculated and published * * for use by the Forest Service, USDA and the Bureau of Land Management, * * USDI in computing Public Land Grazing Fees. * **************************************************************************** 2001 Prices Paid Index for Beef Cattle Production (1964-68=100) 1/: 559 1/ The Index of Prices Paid by Farmers and Ranchers for Beef Cattle Production input items is for the period of November 2000 through October 2001. The components of this index include the production indexes of Fuels & Energy, Farm & Motor Supplies, Building & Fencing Materials, Interest, Farm Wage Rates, and Farm Services. These components are weighted to the overall index value by their importance in the cost of producing beef cattle, the weights are unchanged from a year earlier. Cattle: Prices Received, Selected Regions, 2001 1/ ------------------------------------------------------------------------------ State : Beef Cattle ------------------------------------------------------------------------------ : Dollars Per Cwt : 9 Great Plains States 2/ : 75.69 11 Western States 3/ : 72.80 16 Western States 4/ : 74.72 17 Western States 5/ : 69.69 ------------------------------------------------------------------------------ 1/ Average for November 2000 through October 2001, except NV, UT, and WA which are marketing year averages. 2/ CO, KS, NE, NM, ND, OK, SD, TX, and WY. 3/ AZ, CA, CO, ID, MT, NM, NV, OR, UT, WA, AND WY. 4/ Eleven Western States plus KS, NE, ND, OK, and SD. 5/ Sixteen Western States plus TX. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : 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 : 1998 :1561 1558 1548 1544 1540 1534 1527 1518 1506 1514 1516 1512 1532 1999 :1522 1521 1521 1529 1525 1528 1522 1525 1533 1543 1546 1553 1531 2000 :1567 1577 1585 1588 1590 1594 1593 1583 1597 1612 1617 1627 1594 2001 :1658 1654 1648 1648 1648 1648 1642 1643 1643 1636 1628 1618 1643 2002 :1615 1615 : : 1990-92 = 100 : 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 : 118 118 119 119 119 120 120 119 120 121 121 122 120 2001 : 125 124 124 124 124 124 123 123 123 123 122 122 123 2002 : 121 121 : : Items Used for Production, Interest, Taxes, and Wage Rates : (PITW) : : 1910-14 = 100 : 1998 :1567 1562 1550 1544 1539 1531 1522 1511 1495 1505 1507 1502 1528 1999 :1513 1513 1511 1519 1513 1517 1509 1512 1519 1531 1534 1543 1520 2000 :1560 1570 1576 1579 1582 1585 1583 1571 1585 1603 1609 1621 1585 2001 :1657 1650 1642 1641 1639 1639 1633 1633 1633 1625 1615 1605 1634 2002 :1601 1601 : : 1990-92 = 100 : 1998 : 117 116 115 115 115 114 113 112 111 112 112 112 114 1999 : 113 113 112 113 113 113 112 113 113 114 114 115 113 2000 : 116 117 117 118 118 118 118 117 118 119 120 121 118 2001 : 123 123 122 122 122 122 122 122 122 121 120 119 122 2002 : 119 119 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Items Used for Production : : 1910-14 = 100 : 1998 :1124 1121 1110 1107 1102 1095 1091 1082 1067 1070 1072 1068 1092 1999 :1070 1069 1068 1076 1072 1075 1072 1074 1081 1088 1090 1098 1078 2000 :1102 1111 1116 1120 1123 1125 1126 1115 1128 1137 1143 1154 1125 2001 :1176 1170 1163 1168 1166 1166 1161 1162 1161 1149 1141 1131 1159 2002 :1129 1129 : : 1990-92 = 100 : 1998 : 116 116 114 114 114 113 112 111 110 110 110 110 113 1999 : 110 110 110 111 110 111 111 111 111 112 112 113 111 2000 : 114 114 115 115 116 116 116 115 116 117 118 119 116 2001 : 121 121 120 120 120 120 120 120 120 118 118 117 120 2002 : 116 116 : : Feed : : 1910-14 = 100 : 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 : 480 492 499 497 516 505 488 469 484 495 504 530 496 2001 : 545 529 518 514 519 519 528 540 536 530 529 529 528 2002 : 527 527 : : 1990-92 = 100 : 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 : 98 101 102 102 106 103 100 96 99 101 103 108 102 2001 : 112 108 106 105 106 106 108 111 110 109 108 108 108 2002 : 108 108 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Poultry : : 1910-14 = 100 : 1998 :1196 1206 1166 1199 1168 1121 1059 1064 1016 1091 1097 1089 1123 1999 :1154 1199 1177 1180 1142 1184 1177 1156 1203 1288 1338 1404 1217 2000 :1419 1392 1375 1430 1374 1383 1425 1373 1345 1416 1438 1467 1403 2001 :1417 1386 1397 1438 1401 1440 1453 1439 1429 1445 1371 1400 1418 2002 :1390 1390 : : 1990-92 = 100 : 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 : 111 109 108 112 108 108 111 107 105 111 112 115 110 2001 : 111 108 109 112 110 113 114 113 112 113 107 110 111 2002 : 109 109 : : Seeds : : 1910-14 = 100 : 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 1238 1238 1238 1238 1238 1238 1238 1238 1238 1227 2001 :1238 1238 1238 1329 1329 1329 1329 1329 1329 1329 1329 1329 1306 2002 :1329 1329 : : 1990-92 = 100 : 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 : 121 121 121 125 125 125 125 125 125 125 125 125 124 2001 : 125 125 125 134 134 134 134 134 134 134 134 134 132 2002 : 134 134 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fertilizer : : 1910-14 = 100 : 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 : 384 388 388 390 391 391 403 406 414 422 427 440 404 2001 : 497 513 513 495 472 449 433 417 406 399 392 382 447 2002 : 372 372 : : 1990-92 = 100 : 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 : 105 106 106 106 107 107 110 111 113 115 116 120 110 2001 : 135 140 140 135 129 123 118 114 111 109 107 104 122 2002 : 102 102 : : Agricultural Chemicals : : 1910-14 = 100 : 1998 : 763 760 760 755 756 759 757 764 743 753 752 754 756 1999 : 756 740 751 751 741 747 741 749 748 756 738 737 746 2000 : 738 740 742 737 742 743 743 742 744 743 739 744 741 2001 : 761 748 746 747 749 748 748 747 747 748 763 752 750 2002 : 741 741 : : 1990-92 = 100 : 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 : 119 120 120 119 120 120 120 120 120 120 120 120 120 2001 : 123 121 121 121 121 121 121 121 121 121 123 122 121 2002 : 120 120 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fuels : : 1910-14 = 100 : 1998 : 740 708 664 685 699 653 630 606 624 620 603 525 646 1999 : 528 506 553 677 698 691 747 819 864 835 862 861 720 2000 : 875 967 1036 963 954 1017 1028 1016 1165 1152 1154 1070 1033 2001 :1061 1043 948 983 1040 996 852 876 981 799 758 594 911 2002 : 577 577 : : 1990-92 = 100 : 1998 : 96 92 86 89 91 85 82 79 81 80 78 68 84 1999 : 68 66 72 88 90 90 97 106 112 108 112 112 93 2000 : 113 125 134 125 124 132 133 132 151 149 149 139 134 2001 : 137 135 123 127 135 129 110 113 127 103 98 77 118 2002 : 75 75 : : Farm Supplies and Repairs : : 1910-14 = 100 : 1998 : 838 839 840 845 844 846 848 848 851 854 851 850 846 1999 : 856 855 858 860 859 860 864 862 861 866 867 871 861 2000 : 870 871 872 878 878 879 882 883 884 886 891 893 881 2001 : 896 895 896 900 905 906 911 912 912 912 917 917 907 2002 : 917 917 : : 1990-92 = 100 : 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 : 123 123 123 124 124 124 124 124 124 125 126 126 124 2001 : 126 126 126 127 128 128 128 128 129 129 129 129 128 2002 : 129 129 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Autos and Trucks : : 1910-14 = 100 : 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 :3179 3171 3158 3155 3145 3132 3120 3099 3093 3117 3153 3169 3141 2002 :3185 3185 : : 1990-92 = 100 : 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 : 120 119 119 119 118 118 117 117 116 117 119 119 118 2002 : 120 120 : : Farm Machinery : : 1910-14 = 100 : 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 3481 3484 3489 3495 3512 3521 3530 3538 3490 2001 :3543 3561 3569 3580 3582 3582 3583 3584 3520 3549 3543 3545 3562 2002 :3546 3546 : : 1990-92 = 100 : 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 : 137 138 138 138 139 139 139 139 140 140 141 141 139 2001 : 141 142 142 143 143 143 143 143 140 141 141 141 142 2002 : 141 141 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Building Materials : : 1910-14 = 100 : 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 1653 1648 1644 1643 1642 1641 1639 1647 2001 :1636 1641 1642 1644 1657 1658 1652 1652 1648 1644 1643 1639 1646 2002 :1634 1634 : : 1990-92 = 100 : 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 : 121 121 122 122 121 122 121 121 121 121 121 121 121 2001 : 120 121 121 121 122 122 122 122 121 121 121 121 121 2002 : 120 120 : : Farm Services and Rent 2/ : : 1910-14 = 100 : 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 :1365 1367 1369 1374 1374 1384 1385 1386 1387 1382 1378 1379 1378 2001 :1413 1413 1416 1416 1418 1430 1434 1432 1430 1423 1418 1416 1422 2002 :1428 1428 -------------------------------------------------------------------------------- 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, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Services : : 1990-92 = 100 : 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 : 117 118 118 119 119 120 120 120 120 120 119 119 119 2001 : 120 120 120 120 120 122 122 122 122 121 120 120 121 2002 : 120 120 : : Rent : : 1990-92 = 100 : 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 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2001 : 117 117 117 117 117 117 117 117 117 117 117 117 117 2002 : 120 120 : : Interest : : 1910-14 = 100 : 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 :2825 2825 2825 2798 2798 2798 2798 2798 2798 2798 2798 2798 2805 2001 :2845 2845 2845 2845 2845 2845 2845 2845 2845 2845 2845 2845 2845 2002 :2728 2728 : : 1990-92 = 100 : 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 : 113 113 113 112 112 112 112 112 112 112 112 112 112 2001 : 114 114 114 114 114 114 114 114 114 114 114 114 114 2002 : 109 109 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Taxes : : 1910-14 = 100 : 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 :3330 3330 3330 3330 3330 3330 3330 3330 3330 3330 3330 3330 3330 2002 :3378 3378 : : 1990-92 = 100 : 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 : 124 124 124 124 124 124 124 124 124 124 124 124 124 2002 : 126 126 : : Wage Rates : : 1910-14 = 100 : 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 5124 5124 5124 5357 5357 5357 5235 2001 :5596 5596 5596 5369 5369 5369 5357 5357 5357 5544 5544 5544 5466 2002 :5544 5544 : : 1990-92 = 100 : 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 : 140 140 140 140 140 140 137 137 137 143 143 143 140 2001 : 150 150 150 144 144 144 143 143 143 148 148 148 146 2002 : 148 148 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Family Living : : 1910-14 = 100 : 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 :1663 1670 1673 1680 1688 1691 1686 1686 1693 1688 1685 1678 1682 2002 :1678 1678 : : 1990-92 = 100 : 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 : 130 130 131 131 132 132 132 132 132 132 132 131 131 2002 : 131 131 : : Production Items With Farm Origin 2/ : : 1990-92 = 100 : 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 : 105 106 106 108 109 108 107 104 105 108 109 113 107 2001 : 113 111 110 112 111 112 114 115 114 114 112 112 112 2002 : 112 112 : : Production Items With Non-Farm Origin 3/ : : 1990-92 = 100 : 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 : 117 118 119 119 119 120 120 120 122 122 122 122 120 2001 : 125 125 125 124 124 124 122 122 122 121 120 119 123 2002 : 118 118 -------------------------------------------------------------------------------- 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, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Crop Sector (PPITW) : : 1990-92 = 100 : 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 : 127 127 127 127 127 126 126 125 125 125 125 123 126 2002 : 123 123 : : Livestock Sector (PPITW) : : 1990-92 = 100 : 1998 : 116 116 114 114 113 112 112 111 109 110 110 110 112 1999 : 111 112 111 112 111 112 111 111 112 113 113 114 112 2000 : 115 116 117 117 117 117 117 116 117 118 119 120 117 2001 : 122 121 120 120 121 121 121 121 121 121 120 119 121 2002 : 119 119 : : Commodities and Services, Interest, Taxes, and Wage Rates : : Adjusted for Productivity : : 1910-14 = 100 : 1998 :1045 1045 1043 1038 1038 1037 1026 1024 1022 1039 1039 1038 1036 1999 :1049 1049 1049 1048 1047 1048 1037 1038 1041 1053 1054 1055 1047 2000 :1080 1083 1086 1085 1086 1088 1081 1079 1083 1102 1103 1104 1088 2001 :1136 1137 1136 1122 1123 1123 1121 1121 1122 1133 1131 1128 1128 2002 :1125 1125 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Parity Ratio 2/ : : 1910-14 = 100 : 1998 : 42 41 42 43 43 42 42 42 42 42 42 41 42 1999 : 40 40 41 40 41 40 39 41 40 37 38 38 40 2000 : 37 37 38 40 40 39 39 39 39 37 38 39 39 2001 : 37 38 40 41 42 41 42 42 41 37 36 37 40 2002 : 38 38 : : Adjusted Parity Ratio 3/ : : 1910-14 = 100 : 1998 : 45 44 45 46 45 45 45 45 45 44 44 44 45 1999 : 45 45 45 45 45 45 44 45 44 42 42 42 44 2000 : 41 41 42 45 45 44 43 43 43 41 43 43 43 2001 : 41 42 44 45 46 46 46 47 45 41 40 41 44 2002 : 40 40 : : Ratio : : 1990-92 = 100 : 1998 : 88 87 89 91 90 89 89 89 88 87 88 87 89 1999 : 85 84 85 84 85 84 82 84 83 78 80 79 83 2000 : 76 78 80 84 84 82 81 81 82 77 81 81 81 2001 : 77 81 84 85 87 86 87 89 86 77 77 78 83 2002 : 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, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Feed Sub-Components : : Feed Grains : 1990-92 = 100 : 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 84 81 79 79 83 83 84 81 82 86 83 2002 : 86 86 : : Complete Feeds : 1990-92 = 100 : 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 : 102 103 104 104 105 105 104 100 101 103 104 108 104 2001 : 114 112 109 107 106 106 108 111 112 110 110 110 110 2002 : 111 111 : : Hay and Forages : 1990-92 = 100 : 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 99 100 102 115 107 104 104 107 108 110 111 105 2001 : 110 114 113 120 131 120 122 123 123 123 124 120 120 2002 : 120 120 : : Concentrates : 1990-92 = 100 : 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 : 93 100 104 100 108 109 104 96 108 109 109 121 105 2001 : 122 107 104 104 107 115 116 116 111 110 110 104 110 2002 : 98 98 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Supplements : 1990-92 = 100 : 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 : 118 120 119 117 114 112 110 109 111 114 115 123 115 2001 : 127 124 119 119 116 118 118 121 122 121 122 126 121 2002 : 131 131 : : Livestock and Poultry Sub-Components : : Feeder Cattle : 1990-92 = 100 : 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 : 109 105 106 109 106 112 111 110 110 110 102 104 108 2002 : 102 102 : : Feeder Pigs : 1990-92 = 100 : 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 : 126 137 147 159 159 118 114 103 98 101 106 118 124 2001 : 125 133 136 143 127 115 111 109 106 105 110 123 120 2002 : 136 136 : : Milk Cow Replacements : 1990-92 = 100 : 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 : 117 117 117 123 123 123 141 141 141 151 151 151 133 2002 : 143 143 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Poultry : 1990-92 = 100 : 1998 : 106 106 106 106 106 106 106 106 106 106 106 106 106 1999 : 108 108 108 108 108 108 108 108 108 108 108 108 108 2000 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2001 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2002 : 109 109 : : Seeds Sub-Components : : Field Crops : 1990-92 = 100 : 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 : 121 121 121 126 126 126 126 126 126 126 126 126 125 2001 : 126 126 126 136 136 136 136 136 136 136 136 136 134 2002 : 136 136 : : Grasses and Legumes : 1990-92 = 100 : 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 : 115 115 115 118 118 118 118 118 118 118 118 118 117 2002 : 118 118 : : Fertilizer Sub-Components : : Mixed Fertilizer : 1990-92 = 100 : 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 : 109 108 108 108 108 108 107 107 107 107 107 107 108 2001 : 109 111 111 111 111 111 110 110 108 108 107 107 110 2002 : 107 107 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Nitrogen : 1990-92 = 100 : 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 : 97 101 103 104 104 107 115 116 120 125 129 137 113 2001 : 171 180 179 167 153 139 129 120 115 110 105 101 139 2002 : 97 97 : : Potash and Phosphate : 1990-92 = 100 : 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 : 114 116 109 111 111 103 103 105 108 110 108 110 109 2001 : 110 111 113 113 111 109 109 108 108 108 111 104 110 2002 : 98 98 : : Agricultural Chemicals Sub-Components : : Herbicides : 1990-92 = 100 : 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 : 111 112 112 112 112 112 112 112 112 113 118 113 113 2002 : 109 109 : : Insecticides : 1990-92 = 100 : 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 : 140 142 144 142 146 146 146 146 147 147 144 146 145 2001 : 159 145 144 144 145 145 145 144 144 144 141 144 145 2002 : 148 148 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fungicides and Other : 1990-92 = 100 : 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 : 119 119 119 119 119 119 120 120 120 120 120 120 119 2001 : 120 120 121 121 121 121 121 121 121 121 121 121 121 2002 : 121 121 : : Fuels Sub-Components : : Diesel : 1990-92 = 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 : 113 127 133 123 121 125 130 134 160 159 159 146 136 2001 : 139 132 119 123 133 129 116 117 130 107 106 80 119 2002 : 79 79 : : Gasoline : 1990-92 = 100 : 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 : 111 125 137 128 135 154 138 128 139 129 128 112 130 2001 : 117 116 109 124 135 124 102 108 123 92 81 69 108 2002 : 70 70 : : LP Gas : 1990-92 = 100 : 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 : 119 117 136 126 111 114 137 132 136 152 155 162 133 2001 : 175 187 166 151 142 142 103 110 124 111 101 81 133 2002 : 66 66 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Supplies & Repairs Sub-Components : : Supplies : 1990-92 = 100 : 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 : 117 117 117 118 117 118 118 118 118 119 119 119 118 2001 : 119 119 119 119 122 122 122 122 123 123 122 122 121 2002 : 122 122 : : Repairs : 1990-92 = 100 : 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 : 125 126 126 127 127 127 128 128 128 128 129 129 127 2001 : 130 130 130 130 130 130 131 131 131 131 133 133 131 2002 : 133 133 : : Autos and Trucks Sub-Components : : Autos : 1990-92 = 100 : 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 : 112 112 112 112 111 111 111 110 110 110 112 112 111 2002 : 113 113 : : Trucks : 1990-92 = 100 : 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 : 121 120 120 120 119 119 118 118 117 118 120 120 119 2002 : 121 121 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Machinery Sub-Components : : Tractors : 1990-92 = 100 : 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 : 135 135 136 136 136 136 136 137 137 137 138 138 136 2001 : 138 138 138 138 138 138 138 138 138 140 139 139 138 2002 : 139 139 : : Self Propelled : 1990-92 = 100 : 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 : 136 136 136 137 137 137 138 138 139 140 140 140 138 2001 : 141 142 142 143 143 143 143 143 138 140 139 139 141 2002 : 139 139 : : Other Machinery : 1990-92 = 100 : 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 : 140 141 141 142 142 142 142 142 143 143 143 144 142 2001 : 144 144 144 145 145 145 145 145 144 144 145 145 145 2002 : 145 145 : : Farm Services Sub-Components : : Custom Rates : 1990-92 = 100 : 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 : 120 120 120 120 120 120 120 120 120 120 120 120 120 2001 : 121 121 121 121 121 121 121 121 121 121 121 121 121 2002 : 121 121 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1998-2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Services : 1990-92 = 100 : 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 : 117 117 118 118 118 120 120 120 120 120 119 119 119 2001 : 119 119 120 120 120 122 123 122 122 121 120 120 121 2002 : 120 120 : : Rent Sub-Components : : Cash : 1990-92 = 100 : 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 : 139 139 139 139 139 139 139 139 139 139 139 139 139 2001 : 143 143 143 143 143 143 143 143 143 143 143 143 143 2002 : 145 145 : : Share : 1990-92 = 100 : 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 : 83 83 83 83 83 83 83 83 83 83 83 83 83 2001 : 91 91 91 91 91 91 91 91 91 91 91 91 91 2002 : 91 91 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Survey Estimates, Month Published and Level ------------------------------------------------------------------------------ : 2002 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 3/ : 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). Information Contacts General questions should be directed to Linda Hutton, Chief, Environmental, Economics and Demographics Branch at (202) 720-6146. Below are the commodity specialists to contact for additional information. Crop Prices Mark Harris, Chief, Crops Branch (202) 720-2127 Field Crops Section Greg Thessen, Head (202) 720-2127 Herman Ellison - Oilseeds (202) 720-7369 Lance Honig - Wheat, Hay (202) 720-8068 Mark E. Miller - Oats, Sorghum (202) 720-7621 Mark R. Miller - Peanuts, Rice, Barley (202) 720-7688 Fruit and Vegetable Section Jim Smith, Head (202) 720-2127 Arvin Budge - Potatoes, Dry Beans (202) 720-4285 Dave DeWalt - Citrus (202) 720-5412 Debbie Flippin - Vegetables (202) 720-3250 Steve Gunn - Apples, Peaches, Pears (202) 720-4288 Darin Jantzi - Grapes, Tobacco (202) 720-7235 Biz Wallingsford - Vegetables, Strawberries (202) 720-2157 Livestock Prices Dan Kerestes, Chief, Livestock Branch (202) 720-3570 Livestock Section Wil Hundl, Head (202) 720-6880 Steve Anderson - Cattle, Sheep (202) 720-3040 Ty Kalaus - Milk (202) 690-3236 Rodger Ott - Hogs (202) 720-3106 Poultry and Specialty Commodities Section Nathan Crisp, Head (202) 720-6351 Tom Kruchten - Broilers, Eggs (202) 690-4870 John Lange - Turkeys (202) 720-0585 Prices Paid and Indexes Linda Hutton, Chief, Environmental, Economics and Demographics Branch (202) 720-6146 Economics Section Larry Beard, Head (202) 720-4214 Tara Jackson - Feed, Fertilizer, Agricultural Chemicals, Seeds (202) 690-3229 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, 2002. 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Sharpen Your Strategy at USDA's 78th Outlook Forum February 21-22, 2002 Crystal Gateway Marriott Hotel Arlington, Virginia New Farm Legislation Biotech Crops in World Trade Protecting Livestock and Crops Tracking Crop and Product Identity in the Food Chain 2002 Commodity Prospects Competing in Global Markets Climate and Agriculture Put next year's economic and business outlook in focus at Outlook Forum 2002. Attend this popular event to hear the latest on market-shaping devel opments ranging from farm legisla tion to food safety concerns. Gov ernment officials, business leaders and commodity analysts will assess the outlook for 2002 and beyond, and noted economist Larry Chimerine will discuss U.S. and global economic prospects. Focus sessions featuring rural inno vators will highlight trends in bio- energy, contract negotiation, rural development and other areas. To stretch your planning horizon, USDA will release new 10-year commodity projections. Visit the Forum home page for complete program details and on line registration. Register Today! www.usda.gov/oce (202) 314-3451