Pr 1 (01-03)a Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released January 31, 2003, 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-31. Update Notice Page A-25 has been updated. Prices and fat test percentages for December 2002 U.S. Fluid Grade, Manufacturing Grade, and All Milk have been corrected. January Farm Prices Received Index Up 1 Point From Last Month The preliminary All Farm Products Index of Prices Received by Farmers in January is 99, based on 1990-92=100, up 1 point (1.0 percent) from a revised December index. Higher prices for broilers, lettuce, cattle, and hogs more than offset lower prices for wheat, corn, turkeys, and soybeans. The seasonal change in the mix of commodities farmers sell also affects the overall index. Increased marketings of cattle, soybeans, corn, and strawberries offset decreased marketings of cotton, tobacco, grapes, and milk. The preliminary All Farm Products Index is 4 points (4.2 percent) above January 2002. Higher prices for soybeans, corn, cattle, and wheat more than offset lower prices for lettuce, hogs, broilers, and broccoli. The Food Commodities Index increased 1 point (1.0 percent) above last month to 98, and is 1 point (1.0 percent) above January last year. Prices Paid Index Unchanged The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 126 percent of the 1990-92 average. The index is unchanged from December but 4 points (3.3 percent) above January 2002. Lower prices in January for feeder cattle, feed grains, milk cows, and feed concentrates are offset by higher prices for herbicides, diesel fuel, nitrogen fertilizers, and feeder pigs. Index Summary Table -------------------------------------------------------------------------------- : 2001 : 2002 : 2003 Index :-------------------------------------------------------------- 1990-92=100 : Dec : Jan : Dec : Jan -------------------------------------------------------------------------------- : Prices Received : 93 95 98 99 : Prices Paid : 122 122 126 126 : Ratio 1/ : 76 78 78 79 -------------------------------------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid. Pr 1 (1-03)a Prices Received by Farmers The January All Farm Products Index is 99 percent of its 1990-92 base, up 1 point from a revised December index and up 4 points from the January 2002 index. ALL CROPS: The January index is 102, down 1.9 percent from December but 8.5 percent above January 2002. From December, index decreases for food grains, fruits and nuts, feed grains and hay, oil-bearing crops, and tobacco more than offset index increases for commercial vegetables, cotton, and other crops. Food Grains: The January index, at 109, is down 12 percent from the previous month but 22 percent above January 2002. The January all wheat price, at $3.66 per bushel, is down 40 cents from December but 79 cents above January 2002. Feed Grains & Hay: The January index is 103, down 2.8 percent from last month but 14 percent above January 2002. The corn price, at $2.27 per bushel, is down 5 cents from December but 30 cents above January 2002. The all hay price, at $92.90 per ton, is 30 cents above December and $1.20 above last January. Grain sorghum, at $4.07 per cwt, is down 6 cents from December but 73 cents above January last year. Oil-Bearing Crops: The January index, at 96, is down 2.0 percent from December but 26 percent above January 2002. The soybean price, at $5.38 per bushel, decreased 8 cents from December but is $1.16 above January 2002. Cotton: The January index, at 71, is up 2.9 percent from December and 58 percent above January 2002. The January price, at 43.2 cents per pound, is up 1.1 cents from the previous month and 15.9 cents above last January. Potatoes & Dry Beans: The January index, at 110, is up 0.9 percent from December but 6.0 percent below January 2002. The all potato price, at $6.82 per cwt, is up 13 cents from December but 8 cents below last January. The all dry bean price, at $16.30 per cwt, is down 50 cents from the previous month and $5.20 below January 2002. Fruit & Nuts: The January fruit and nut index, at 84, is down 12 percent from the previous month and 1.2 percent below January 2002. Since December, prices decreased for apples, pears, strawberries, and lemons. Commercial Vegetables: The January index, at 129, is up 8.4 percent from last month but 20 percent below January 2002. Price increases during January for snap beans, lettuce, sweet corn, broccoli, and cucumbers more than offset price decreases for cauliflower, celery, and tomatoes. LIVESTOCK & PRODUCTS: The January index, at 95, is up 4.4 percent from last month but down 2.1 percent from January 2002. Compared with a year ago, prices are higher for all cattle, eggs, and turkeys but lower for all milk, hogs, broilers, and calves. Meat Animals: The January index, at 92, is up 4.5 percent from last month and 2.2 percent from last year. The January hog price of $31.80 per cwt is up $1.50 from December but down $5.90 from a year ago. The January beef cattle price of $72.60 is up $2.10 from last month and up $5.50 from January 2002. Dairy Products: The January index, at 90, is down 1.1 percent from December and 13 percent below January 2002. The January all milk price of $11.80 per cwt is down 10 cents from December and down $1.60 from last year. The fluid grade milk price is unchanged from last month but the manufactured grade milk price is down 10 cents from the previous month. Poultry & Eggs: The January index, at 108, is up 13 percent from December and 0.9 percent below a year ago. January market egg price, at 52.9 cents per dozen, increased 1.0 cent from December reflecting a seasonal increase. The January broiler price, at 35.0 cents per pound, is up 6.0 cents per pound from December. January turkey price, averaging 34.6 cents per pound, is down 3.8 cents from the previous month. Prices Received by Farmers 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 Wheat .................... A-16 Information Contacts ................................................. B-31 Special Features Rice: Marketing Year Average Prices Received, U.S., 2000 and 2001 ... A-28 Rice: Monthly Prices Received and Marketings, United States, Marketing Years 1999-2000 through 2001-2002......................... A-28 Apples: Monthly Prices Received, U.S., July 1994 - December 2002 .... A-29 Grapes: Monthly Prices Received, U.S., May 1998 - December 2002 ..... A-29 Peaches: Monthly Prices Received, U.S., May 1994 - December 2002 .... A-29 Pears: Monthly Prices Received, U.S., July 1994 - December 2002 ..... A-29 Limes: Marketing Year Average Prices Received, Florida, Final 2000-2001, 2001-2002 and Preliminary 2002-2003 ............... A-30 Sweetpotatoes: Market Year Average Prices received, Final 2000, 2001 and Preliminary 2002 ............................................... A-30 Index of Prices Received: All Groups, Monthly and Annual, 1999-2003 ..........................................................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, 1993-2002 ................................................A-38-47 Parity Price Equivalent for Manufacturing Grade Milk ................. A-56 Table of Contents Prices Paid Page Narrative ..................................................... B-1 Indexes and Parity Ratios ..................................... B-2-3 Charts ........................................................ B-4-6 Feed Ratios ................................................... B-7 Reliability Statement ......................................... B-30 U.S. Average Prices: Feeder Livestock ........................................... B-7 Commodity Prices Used in Feed Price Ratios ................. B-7 Information Contacts ........................................... B-31 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 Prices Paid Survey Estimates, Month Published and Level ..... B-29 Prices Paid Index Components: 1910-14=100 and 1990-92=100: Monthly and Annual Averages, 1999-03: PPITW, PITW, Production Items .............................. B-10-11 Prices Paid Index Component Items, Interest, Taxes, Wage Rates, Farm and Non Farm Origin, .................................. B-11-18 Crop Sector, Livestock Sector, and PPITW adjusted for Productivity ............................................... B-20 Ratios ..................................................... B-19 Prices Paid Index Sub-Components: Monthly and Annual Averages B-21-28 Index Numbers of Prices Received, United States, January 2003, with Comparisons ------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2002 : 2003 : 2002 : 2003 :Average:---------------------------------------------- :1990-92: Jan : Dec : Jan : Jan : Dec : Jan ------------------------------------------------------------------------------- : All Farm Products : 639 606 *623 629 95 *98 99 : All Crops : 500 463 *512 505 94 *104 102 Food Grains : 325 283 *393 347 89 *124 109 Feed Grains & Hay : 363 322 *379 368 90 *106 103 Cotton : 517 231 *356 365 45 *69 71 Tobacco : 1263 1761 1722 1713 116 114 113 Oil-Bearing Crops : 554 415 *537 528 76 98 96 Fruit & Nuts : 716 594 664 588 85 95 84 Commercial Vegetables : 698 1085 *796 859 162 *119 129 Potatoes & Dry Beans : 540 593 *553 558 117 *109 110 Other Crops : 493 558 558 567 113 113 115 : Livestock & Products : 768 746 *698 730 97 91 95 Meat Animals : 1021 913 *897 937 90 88 92 Dairy Products : 799 823 731 725 103 91 90 Poultry & Eggs : 282 308 270 302 109 96 108 : Food Commodities : 97 *97 98 ------------------------------------------------------------------------------- * Revised. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Months, United States, 2002 and 2003 ------------------------------------------------------------------------------ : Index of Prices Received : Index of Prices Paid :-------------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :-------------------------------------------------------------------- : 2002 : 2003 : 2002 : 2003 : 2002 : 2003 : 2002 : 2003 : 2002 : 2003 ------------------------------------------------------------------------------ Jan : 95 99 94 102 97 95 122 126 117 122 Feb : 99 102 97 123 117 Mar : 106 117 96 123 118 Apr : 95 101 90 123 118 May : 98 106 90 123 118 Jun : 99 107 91 123 118 Jul : 100 111 89 124 119 Aug : 101 116 87 124 120 Sep : 100 111 86 125 121 Oct : 96 102 87 125 121 Nov : 97 104 90 125 121 Dec : 98 104 91 126 121 ------------------------------------------------------------------------------ Prices Received, United States, January 2003, with Comparisons ----------------------------------------------------------------------------- : : : Entire Month : Preliminary : : Average :---------------------------------- Commodity : Unit : 1990-92 : Jan : Dec : Jan : : : 2002 : 2002 : 2003 ----------------------------------------------------------------------------- : : Dollars : : Field Crops : : : : Barley, All : Bu : 2.12 2.09 3.03 3.00 Feed : Bu : 1.90 1.67 2.22 2.34 Malting : Bu : 2.43 2.47 3.22 3.27 Beans, Dry Edible : Cwt : 19.10 21.50 16.80 16.30 Corn : Bu : 2.30 1.97 2.32 2.27 Cotton, Upland : Lb : .606 .273 .421 .432 Cottonseed : Ton : 96.00 96.00 101.00 105.00 : : Flaxseed : Bu : 4.27 4.22 5.99 6.00 Hay, All, Baled 1/ : Ton : 76.30 91.70 92.60 92.90 Alfalfa 1/ : Ton : 77.20 101.00 100.00 97.60 Other 1/ : Ton : 60.00 72.70 74.70 79.60 Oats : Bu : 1.22 1.93 2.00 1.90 Peanuts, In-Shell : Lb : .304 .135 .176 .174 Potatoes : Cwt : 5.82 6.90 6.69 6.82 : : Rice, Rough : Cwt : 7.07 4.30 4.13 4.14 Sorghum Grain : Cwt : 3.75 3.34 4.13 4.07 Soybeans : Bu : 5.61 4.22 5.46 5.38 Sunflower 2/ : Cwt : 9.50 9.52 12.40 11.90 Tobacco : Lb : 1.740 2.025 1.980 1.970 : : Wheat, All : Bu : 2.96 2.87 4.06 3.66 Winter : Bu : 2.93 2.81 3.85 3.47 Durum : Bu : 2.86 3.44 4.24 4.22 Other Spring : Bu : 3.11 2.88 4.20 3.88 Hard Red Winter : Bu : 2.75 3.83 Soft Red Winter : Bu : 2.75 3.67 Hard Red Spring : Bu : 2.86 4.22 White : Bu : 3.24 3.21 3.92 : : Fruit : : : : Citrus-Equiv on-tree : : Grapefruit : Box : 5.77 2.71 1.89 1.71 Lemons : Box : 10.10 6.85 9.20 5.63 Limes 3/ : Box : 10.15 Oranges : Box : 5.79 3.75 3.56 3.36 Tangelos : Box : 5.82 1.63 2.81 3.30 Tangerines : Box : 15.11 11.06 11.22 13.98 Temples : Box : 6.23 4.29 3.72 : : Noncitrus : : Apples, Fresh 4/ : Lb : .212 .221 .263 .258 Grapes, Fresh 4/ : Ton : 506.00 720.00 Peaches, Fresh 4/ : Lb : .216 Pears, Fresh 4/ : Ton : 370.00 282.00 437.00 408.00 Strawberries, Fresh: Lb : .560 1.34 1.62 1.27 ----------------------------------------------------------------------------- 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), and WA (apples, peaches, and pears). Prices as sold for other states. -- continued Prices Received, United States, January 2003, with Comparisons (continued) ----------------------------------------------------------------------------- : : : Entire Month : Preliminary : : Average :---------------------------------- Commodity : Unit : 1990-92 : Jan : Dec : Jan : : : 2002 : 2002 : 2003 ----------------------------------------------------------------------------- : : Dollars : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 218.00 Broccoli : Cwt : 22.50 55.30 25.40 28.30 Cantaloupes 2/ : Cwt : 13.90 20.00 Carrots : Cwt : 13.20 19.30 19.30 19.30 Cauliflower : Cwt : 26.80 65.50 36.90 27.50 Celery : Cwt : 11.60 10.10 10.20 8.29 Corn, Sweet : Cwt : 15.70 24.80 16.40 20.20 Cucumbers 2/ : Cwt : 26.40 27.60 Lettuce : Cwt : 11.90 26.20 10.60 15.30 Onions : Cwt : 12.80 9.48 11.20 11.80 Snap Beans 2/ : Cwt : 58.70 61.70 70.40 Tomatoes : Cwt : 32.30 40.50 49.70 49.60 : : Livestock : : : : Calves : Cwt : 94.30 102.00 94.70 95.50 Cattle, All Beef : Cwt : 72.90 67.10 70.50 72.60 Cows : Cwt : 49.60 38.00 34.60 35.50 Steers & Heifers : Cwt : 77.10 71.20 75.10 77.60 Milk Cows 3/ : Head : 1130.00 1610.00 1370.00 : : Hogs, All : Cwt : 47.70 37.70 30.30 31.80 Barrows & Gilts : Cwt : 48.40 38.30 30.70 32.30 Sows : Cwt : 39.50 26.40 22.30 21.80 : : Lambs : Cwt : 56.20 65.50 87.20 Sheep : Cwt : 23.40 36.20 37.90 : : Dairy and Poultry : : : : Milk, All 4/ : Cwt : 13.06 13.40 11.90 5/11.80 Fluid Grade : Cwt : 13.10 13.40 11.90 5/11.90 Mfg Grade : Cwt : 11.80 12.40 10.60 5/10.50 : : Broilers, Live 6/ : Lb : .317 .370 .290 .350 Eggs, All 7/ : Doz : .643 .623 .680 .689 Market 7/ : Doz : .546 .450 .519 .529 Turkeys, Live 6/7/ : Lb : .380 .341 .384 .346 ----------------------------------------------------------------------------- Adjusted for Seasonal : : Variation : : Eggs, All : Doz : .545 .556 .618 .610 Milk, All 4/ : Cwt : 9.71 13.40 11.55 11.92 ----------------------------------------------------------------------------- 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 3.79, fluid milk 3.78, mfg grade 3.95. 6/ Liveweight equivalent price to producers, includes growers and contractors combined. 7/ Mid-month price. Wheat: Prices Received, by States, December 2002 and January 2003 ------------------------------------------------------------------------------- : 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 : 3.59 3.40 3.59 3.40 CA : 4/ 4/ 4/ 4/ 4/ 4/ CO : 3.90 3.38 3.90 3.37 4.02 3.79 ID : 3.89 3.78 4.00 3.80 3.79 3.75 IL : 3.64 3.40 3.64 3.40 IN : 3.76 3.08 3.76 3.08 KS : 3.77 3.39 3.77 3.39 MI : 3.39 3.20 3.39 3.20 MN : 4.27 4.09 5/ 5/ 4.27 4.09 MO : 3.95 3.55 3.95 3.55 MT : 4.45 4.11 4.24 4.08 4.67 4.83 4.48 4.08 NE : 4.02 3.55 4.02 3.55 ND : 4.10 3.87 4/ 5/ 4.20 4.15 4.05 3.75 OH : 3.48 3.13 3.48 3.13 OK : 3.71 3.35 3.71 3.35 OR : 4.00 3.50 3.93 3.45 4.35 3.75 SD : 4.17 3.61 4.03 3.50 4.24 3.66 TX : 3.49 3.40 3.49 3.40 WA : 4.02 3.64 3.96 3.60 4.28 3.80 : US : 4.06 3.66 3.85 3.47 4.24 4.22 4.20 3.88 ------------------------------------------------------------------------------- 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, 2002 and 2003 ------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 1/: All Hogs Month:------------------------------------------------------------------------- : 2002 :2003 2/:2002 :2003 2/: 2002 :2003 2/: 2002 :2003 2/: 2002 :2003 2/ ------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ---- Dollars per Cwt ----- : Jan : 2.87 3.66 1.97 2.27 4.22 5.38 67.10 72.60 37.70 31.80 Feb : 2.83 1.93 4.22 69.90 38.50 Mar : 2.87 1.94 4.38 70.70 36.00 Apr : 2.83 1.91 4.47 67.20 31.80 May : 2.81 1.93 4.64 65.20 33.10 Jun : 2.93 1.97 4.88 64.10 35.80 Jul : 3.21 2.13 5.35 63.80 39.20 Aug : 3.63 2.38 5.53 64.30 31.90 Sep : 4.21 2.47 5.39 64.80 26.70 Oct : 4.37 2.34 5.19 64.70 30.60 Nov : 4.25 2.27 5.46 67.60 27.80 Dec : 4.06 2.32 5.46 70.50 30.30 ------------------------------------------------------------------------------- 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 2002 and January 2003 ------------------------------------------------------------------------------ : 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 : 5.63 5.70 4/ 4/ CA : 4/ 4/ CO : 3.06 3.11 2.55 2.49 ID : 3.09 3.05 IL : 2.37 2.30 5/ 5/ 5.57 5.45 4.59 4.50 IN : 2.43 2.38 5.61 5.51 IA : 2.22 2.15 1.93 2.00 5.41 5.25 KS : 2.45 2.37 5.42 5.24 4.09 4.01 KY : 2.56 2.55 5.65 5.55 LA : 5.43 5.53 MI : 2.30 2.25 1.82 1.80 5.66 5.50 MN : 2.55 2.49 2.15 2.11 1.82 1.76 5.33 5.28 MS : 5.49 5.48 MO : 2.41 2.30 5.49 5.35 4.20 4.05 MT : 3.00 3.07 4/ 5/ NE : 2.32 2.27 2.23 2.30 5.36 5.30 4.34 4.25 NC : 2.99 2.86 5.42 5.37 ND : 3.10 3.15 2.12 2.10 1.73 1.90 5.23 5.20 OH : 2.50 2.41 2.29 2.00 5.61 5.43 OK : 4.08 3.91 OR : 2.51 2.45 4/ 5/ PA : 2.96 2.94 2.24 2.16 SD : 5/ 5/ 2.12 2.08 2.17 2.04 5.31 5.18 TN : 2.71 2.65 5.72 5.80 TX : 2.47 2.49 4/ 5/ 4.17 4.11 UT : 2.56 2.64 WA : 2.62 2.63 WI : 2.18 2.10 1.76 1.80 5.33 5.30 WY : 3.23 2.85 : US : 3.03 3.00 2.32 2.27 2.00 1.90 5.46 5.38 4.13 4.07 ------------------------------------------------------------------------------ 1/ The Three-State (MN, ND and SD) Feed Barley price for January 2003 is $1.98. 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 2003 ------------------------------------------------------------------------------ : Malting Barley : Feed Barley State :----------------------------------------------------------------------- : Dec : Jan : Dec : Jan ------------------------------------------------------------------------------ : Dollars per Bushel : ID : 3.12 3.15 2.46 2.50 MN : 2.79 2.72 1.92 1.90 MT : 3.23 3.30 2.24 2.30 ND : 3.28 3.35 1.97 2.00 SD : 2/ 2/ 2/ 2/ WY : 1/ 1/ 2.14 2.10 ------------------------------------------------------------------------------ 1/ Price not published to avoid disclosure of individual firms. 2/ Insufficient sales to establish a price. Field Crops: Prices Received, by States, December 2002 and January 2003 ------------------------------------------------------------------------------ : 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 : .140 7/ CA : 32.60 34.50 CO : 15.00 15.20 FL : .162 7/ GA : .166 7/ ID : 19.00 18.80 IN : 1.980 1.945 KS : 7/ 7/ KY : 1.985 1.975 MD : MI : 15.20 14.00 MN : 17.20 16.30 12.80 12.70 MO : NE : 17.50 17.40 NC : 1.930 1.905 7/ 7/ ND : 13.30 13.10 12.00 11.90 5.99 6.00 OH : 1.970 1.965 OK : SC : SD : 12.50 12.10 7/ 7/ TN : 1.970 1.940 TX : 7/ 7/ VA : 1.930 1.885 .202 7/ WV : : US : 16.80 16.30 12.40 11.90 5.99 6.00 1.980 1.970 .176 .174 ------------------------------------------------------------------------------ 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 2003, with Comparisons ------------------------------------------------------------------------------ : : Jan : Dec : Jan Class and Type : Type : 2002 : 2002 : 2003 1/ ------------------------------------------------------------------------------ : : Dollars per Pound : : Fire-cured : : VA Belt : 21 : 1.510 1.905 1.830 Eastern District : 22 : 2.225 2/ 1.505 Western District : 23 : 2.125 2/ 1.965 Total Fire-cured : 21-23: 2.185 1.905 1.790 : : Light Air-cured : : Burley : 31 : 1.970 1.980 1.980 Total Light Air-cured : 31-32: 1.970 1.980 1.980 : : Dark Air-cured : : One Sucker Belt : 35 : 1.675 1.600 1.280 Green River Belt : 36 : 1.650 2.025 1.915 Sun-cured Belt : 37 : 1.365 1.815 1.485 Total Dark Air-cured : 35-37: 1.665 1.855 1.720 : : US : 11-37: 2.025 1.980 1.970 ------------------------------------------------------------------------------ 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 2002 and January 2003 ---------------------------------------------------------------------------- : : January : Cotton, Upland :------------------------------------------------- State : : Cotton- : Hay, Baled 3/ : Apples :-------------------: seed :----------------------------: Fresh : Dec 1/ : Jan 2/ : 5/ : All : Alfalfa : Other : Use 1/4/ ---------------------------------------------------------------------------- : Dollars per Pound -------- Dollars per Ton ------- Dol/Lb : AL : 6/ 6/ 76.00 AZ : .533 6/ 130.00 94.00 94.00 91.00 AR : .432 .393 CA : .555 6/ 130.00 96.00 97.00 91.00 0.262 CO : 117.00 114.00 138.00 GA : .456 .447 79.00 ID : 88.00 90.00 68.00 IL : 90.00 96.00 72.00 IA : 86.00 88.00 60.00 KS : 91.00 97.00 76.00 KY : 69.00 100.00 58.00 LA : .453 .471 MI : 95.00 95.00 85.00 0.210 MN : 68.00 74.00 49.00 MS : .451 .451 MO : 69.00 114.00 55.00 MT : 85.00 87.00 76.00 NE : 85.00 86.00 78.00 NV : 98.00 97.00 105.00 NM : 139.00 143.00 117.00 NY : 108.00 135.00 90.00 0.278 NC : .434 .436 106.00 ND : 65.00 71.00 49.00 OH : 123.00 168.00 91.00 0.320 OK : 89.00 105.00 66.00 OR : 94.00 95.00 92.00 PA : 140.00 160.00 128.00 0.190 SD : 80.00 84.00 60.00 TN : .453 .457 TX : .399 .424 101.00 71.00 164.00 62.00 UT : 93.00 94.00 60.00 VA : 0.254 WA : 108.00 103.00 126.00 0.261 WI : 70.00 75.00 55.00 WY : 112.00 112.00 107.00 : US : .421 .432 105.00 92.90 97.60 79.60 0.258 ---------------------------------------------------------------------------- 1/ Entire month. 2/ Based on sales during the first half of the month. 3/ Mid-month. 4/ Equivalent packinghouse-door returns for CA, MI, NY and WA. Price at point of first sale for other states. 5/ Marketing year August-February. 6/ Price not published to avoid disclosure of individual firms. Upland Cotton and Rice: Prices Received and Marketings, United States, January 2003, with Comparisons ---------------------------------------------------------------------------- Item : Unit : Nov 2002 1/ : Dec 2002 1/ :Jan 2003 2/ ---------------------------------------------------------------------------- : : Cotton, Upland : : Average Price : Dollars/Pound : .419 .421 .432 Marketings 3/ : 1,000 Bales : 1417 2380 NA : : Rice : : Average Price : Dollars/Cwt : 3.70 4.13 4.14 Marketings 4/ : 1,000 Cwt : 11876 14242 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 2003 ----------------------------------------------------------------------------- : : Equivalent Returns Commodity : F.O.B. :---------------------------------------------- And : Packed : Packinghouse-door : On-tree State : Fresh :---------------------------------------------- : : All : Fresh : Proces : All : Fresh :Process ----------------------------------------------------------------------------- : Dollars per Box 1/ Grapefruit : AZ : 12.70 6.33 6.33 4.06 4.06 CA : 18.90 11.57 12.53 -0.26 9.30 10.26 -2.53 FL : 14.70 3.92 6.42 1.99 1.53 4.22 -0.55 White : 17.20 3.94 8.20 2.50 1.59 6.00 0.10 Colored : 14.00 3.91 5.90 1.45 1.49 3.70 -1.25 TX : 13.80 2.83 4.01 0.80 1.68 2.84 -0.32 : US : 14.80 3.98 6.36 1.90 1.71 4.30 -0.54 : Lemons : AZ : 24.30 10.92 14.41 0.23 6.66 10.15 -4.03 CA : 24.90 9.51 15.01 0.23 5.25 10.75 -4.03 : US : 24.70 9.89 14.82 0.23 5.63 10.56 -4.03 : Oranges : AZ : Navel and Misc : 14.10 5.16 7.00 -0.15 2.81 4.65 -2.50 CA : Navel and Misc : 16.00 8.22 8.90 -0.15 5.87 6.55 -2.50 FL : Early and Mids : 12.70 4.94 4.80 4.95 2.89 2.60 2.90 TX : Early and Mids : 11.80 2.36 1.91 2.98 1.05 0.58 1.70 : US : 15.30 5.46 8.05 4.86 3.36 5.75 2.81 : Tangelos : FL : 30.00 6.08 22.10 4.30 3.30 19.50 1.50 : Tangerines : AZ : 29.80 19.46 22.89 0.73 17.02 20.45 -1.71 CA : 24.40 17.16 17.49 0.73 14.72 15.05 -1.71 FL : 28.50 16.00 19.50 4.80 12.20 15.80 0.70 : US : 27.60 17.11 19.69 3.76 13.98 16.67 0.09 : Temples : FL : 15.00 5.97 7.30 4.50 3.72 5.10 2.20 ----------------------------------------------------------------------------- 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 2002 and January 2003 ------------------------------------------------------------------------------ : : :: : : State : Dec : Jan :: State : Dec : Jan : : :: : : ------------------------------------------------------------------------------ : Dollars per Cwt :: : Dollars per Cwt : :: : AL : :: NC : AZ : :: ND - All 1/ : 6.15 6.45 CA - All : 20.40 20.70 :: - Fresh 2/ : 9.60 NA - Winter : 28.70 27.30 :: - Processing : 4.35 NA - Spring : :: OH : 7.70 8.10 - Summer : :: OR : 5.55 5.50 - Fall : 8.50 8.55 :: PA : 9.40 9.85 CO - All 1/ : 7.10 7.05 :: TX : - Fresh 2/ : 7.75 NA :: VA : FL : :: WA - All : 6.05 6.00 ID - All 1/ : 5.10 5.15 :: - Processing : 5.40 NA - Fresh 2/ : 5.40 NA :: WI - All 1/ : 6.85 7.30 - Processing : 4.90 NA :: - Fresh 2/ : 7.20 NA ME : 6.90 7.05 :: - Processing : 6.40 NA MI : 7.40 7.80 :: : MN : 5.55 6.10 :: US - All 1/ : 6.69 6.82 NY : 10.20 9.85 :: - Fresh 2/ : 8.67 NA : :: - Processing : 5.31 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 2002 and January 2003 ------------------------------------------------------------------------------ : 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 : 34.50 36.30 73.80 74.50 73.40 74.10 96.30 101.00 AR : 32.10 32.50 74.60 75.90 62.70 63.70 85.60 86.60 CA : 34.50 35.00 74.50 77.50 52.10 53.70 93.00 92.00 CO : 34.40 38.20 83.20 82.60 82.70 82.20 92.30 92.50 FL : 34.00 35.90 71.50 73.30 49.40 51.20 86.00 88.30 GA : 34.20 35.20 69.40 70.50 46.20 46.80 85.60 88.10 ID : 33.00 34.50 73.60 76.30 62.20 65.00 91.00 91.00 IL : 36.00 37.00 72.00 78.00 71.30 77.20 88.50 90.50 IA : 32.70 34.30 71.80 78.10 71.00 77.20 91.90 92.40 KS : 33.30 36.00 74.50 77.40 73.30 75.70 99.60 98.80 KY : 33.00 33.00 74.00 74.00 64.20 64.20 82.00 84.00 LA : 32.80 35.00 71.70 74.00 45.20 46.70 86.30 90.00 MI : 34.50 36.00 60.00 63.00 52.40 54.90 90.00 92.00 MN : 37.10 37.50 69.50 70.50 63.30 64.20 80.90 83.00 MO : 32.30 33.40 80.70 80.60 70.50 66.40 91.30 93.00 MT : 36.00 36.50 83.50 83.60 72.60 74.70 94.60 96.20 NE : 34.30 35.40 76.30 77.90 75.00 76.60 102.00 102.00 NM : 35.70 36.20 81.30 81.40 60.80 62.00 92.10 92.50 ND : 33.60 35.00 83.90 83.00 71.30 75.80 93.00 92.00 OH : 31.90 35.00 67.00 71.00 63.50 67.40 73.80 76.00 OK : 33.80 36.50 83.90 82.00 76.90 75.60 93.10 92.50 OR : 36.00 37.00 75.00 77.00 63.30 65.00 87.00 88.00 PA : 35.70 36.80 68.60 72.00 60.00 62.80 104.00 106.00 SD : 35.40 38.40 81.80 82.40 69.70 74.90 98.90 98.80 TN : 31.00 32.00 74.00 74.00 56.80 57.20 80.00 82.00 TX : 33.80 34.40 74.40 76.40 70.30 72.60 93.40 93.40 VA : 30.10 31.70 70.00 72.20 52.80 54.80 71.90 73.00 WI : 34.00 34.70 65.00 68.30 47.00 48.80 115.00 116.00 WY : 37.00 37.80 86.10 85.50 66.00 76.00 94.70 95.80 : US : 34.60 35.50 75.10 77.60 70.50 72.60 94.70 95.50 ------------------------------------------------------------------------------ 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 2002 and January 2003 ------------------------------------------------------------------------------ : Sows : Barrows and Gilts : All Hogs State :----------------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ ------------------------------------------------------------------------------ : Dollars per Cwt : AR : 22.00 21.70 30.50 31.00 29.70 30.10 IL : 21.00 20.00 32.00 34.00 31.10 32.90 IN : 24.90 25.00 31.20 31.70 30.60 31.00 IA : 24.40 24.20 30.50 31.80 30.40 31.60 KS : 21.40 20.90 29.30 30.40 28.40 29.20 MI : 21.00 20.00 29.00 30.00 28.40 29.20 MN : 23.10 21.50 30.50 31.50 30.40 31.40 MO : 20.40 20.20 28.50 29.60 28.00 28.90 NE : 24.00 23.70 32.80 34.20 32.60 34.00 NC : 22.30 21.30 30.90 34.10 30.80 34.00 OH : 23.70 23.00 33.20 34.00 32.10 32.70 OK : 21.10 19.50 28.70 30.10 27.70 28.70 PA : 22.80 21.00 30.50 31.80 29.30 30.20 SD : 21.80 22.10 32.60 33.60 31.40 32.10 TX : 21.50 19.10 28.60 30.10 27.50 28.00 WI : 19.30 20.70 27.60 29.10 26.50 28.00 : US : 22.30 21.80 30.70 32.30 30.30 31.80 ------------------------------------------------------------------------------ 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by States, December 2002 and January 2003 ------------------------------------------------------------------------------ : December : January State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ : Eggs 2/3/ ------------------------------------------------------------------------------ : ---- Dollars per Cwt ---- Dol/Doz : AL : .550 AR : .520 CA : 36.50 79.00 .530 CO : 31.20 89.50 CT : .690 FL : .550 GA : .510 ID : 36.00 83.00 IN : .600 IA : 35.40 85.10 .460 KS : 36.00 84.10 ME : .760 MI : .530 MN : 31.00 84.10 .490 MS : .602 MO : .460 MT : 40.60 94.00 NE : 38.00 88.00 NY : .500 NC : .550 ND : 29.40 88.70 OH : 30.00 81.40 .546 OR : 32.00 80.00 PA : .500 SC : .570 SD : 44.50 95.50 TX : 43.80 89.70 .560 UT : 33.00 86.00 WA : .535 WY : 43.20 89.40 : US : 37.90 87.20 .529 ------------------------------------------------------------------------------ 1/ Entire month. 2/ Mid-month. 3/ Market (table) eggs. Milk and Milk Cows: Prices Received, by States, December 2002 and January 2003 ------------------------------------------------------------------------------ : 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 : 11.30 3.70 11.30 3.70 11.30 3.70 1450 CA : 10.70 3.85 10.60 4.26 10.70 3.85 10.70 3.81 1380 FL : 14.70 3.67 14.70 3.67 14.80 3.65 1600 ID : 11.20 3.71 10.80 4.04 11.20 3.71 11.20 3.68 1450 IL : 11.60 3.80 11.20 3.68 11.60 3.80 11.60 3.80 1350 IN : 11.30 3.83 10.00 3.96 11.20 3.84 11.20 3.86 1300 IA : 12.00 3.81 10.60 3.99 11.90 3.82 11.90 3.80 1340 KY : 12.90 3.80 12.90 3.80 12.90 3.78 1350 MI : 11.80 3.76 10.30 3.79 11.80 3.76 11.80 3.75 1400 MN : 12.00 3.83 10.00 3.88 11.90 3.83 11.90 3.81 1270 MO : 12.10 3.79 10.80 4.10 12.00 3.80 12.00 3.80 1260 NM : 11.90 3.74 11.90 3.74 11.80 3.72 1470 NY : 12.60 3.82 12.60 3.82 12.50 3.78 1300 OH : 12.10 3.83 11.00 3.97 12.00 3.84 11.80 3.86 1380 PA : 13.80 3.85 10.70 4.05 13.80 3.85 13.70 3.85 1400 TX : 12.80 3.80 12.80 3.80 12.60 3.77 1360 VT : 12.40 3.82 12.40 3.82 12.40 3.82 1400 VA : 13.80 3.83 13.80 3.83 13.70 3.70 1440 WA : 11.70 3.74 11.70 3.74 11.50 3.77 1370 WI : 12.00 3.82 10.70 3.94 11.90 3.82 11.90 3.79 1380 : US : 11.90 3.81 10.60 3.99 11.90 3.81 11.80 3.79 1370 ------------------------------------------------------------------------------ 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 2002 and January 2003, with Comparisons ------------------------------------------------------------------------------ Item : Jan 2002 : Dec 2002 : Jan 2003 ------------------------------------------------------------------------------ : Parity Equivalent.........Dol per Cwt : 29.05 30.04 29.83 Average Price F.O.B.......Dol per Cwt : 12.40 10.60 2/10.50 Average Fat Test of Milk..Percent : 3.91 3.99 2/3.95 ------------------------------------------------------------------------------ 1/ The parity price equivalent during 2003 is 90.4 percent of the parity price of all milk sold to plants, compared with 90.5 percent in 2002. 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 2003, 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 : : 2002 : 2002 : 2003 : 2002: 2002: 2003 ------------------------------------------------------------------------------- : ----------- Dollars ---------- ---- Percents ---- Basic Commodities : All Wheat, Bu : .569 9.35 9.67 9.53 31 42 38 Rice, Cwt : 1.56 25.00 25.90 26.10 17 16 16 Corn, Bu : .389 6.33 6.55 6.51 31 35 35 Cotton, Lb : American Upland : .100 1.60 1.65 1.67 17 26 26 Extra Long Staple : .140 2.26 2.34 2.34 Peanuts, Lb : .0388 .648 .670 .650 21 26 27 Tobacco, By Type, Lb : Flue-Cured 11-14 : .256 4.12 4.26 4.29 VA Fire-Cured, 21 : .259 4.15 4.29 4.34 36 44 42 KY-TN Fire-Cured, 22-23 : .320 5.15 5.33 5.36 43 33 Burley, 31 : .275 4.43 4.58 4.60 44 43 43 Maryland, 32 : .218 3.55 3.67 3.65 Dark Air-Cured, 35-36 : .276 4.36 4.51 4.62 38 41 37 Sun-Cured, 37 : .243 3.86 3.99 4.07 35 45 36 PA Seedleaf, 41 : .199 3.04 3.14 3.33 Cigar Filler & Binder, : 42-44, 54-55 : .221 3.52 3.64 3.70 Puerto Rican Filler, 46 : .163 2.79 2.89 2.73 Cigar Binder, 51-52 : .719 10.90 11.30 12.00 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt : 1.97 32.10 33.20 33.00 2/42 2/35 2/36 Honey, Extracted, Lb : 3/.0938 1.50 1.55 1.57 : Wool and Mohair : Wool, Lb : .0910 1.53 1.59 1.52 Mohair, Lb : .325 5.09 5.26 5.44 : Other Nonbasic : Barley, Bu : .385 6.22 6.43 6.44 34 47 47 Cottonseed, Ton : 15.60 254.00 262.00 261.00 38 39 40 Dry Edible Beans, Cwt : 2.97 46.80 48.40 49.70 46 35 33 Flaxseed, Bu : .703 11.00 11.40 11.80 38 53 51 Oats, Bu : .243 3.86 3.99 4.07 50 50 47 Potatoes, Cwt : .813 13.20 13.60 13.60 52 49 50 Rye, Bu : .343 5.51 5.69 5.74 Sorghum Grain, Cwt : .658 10.80 11.10 11.00 31 37 37 Soybeans, Bu : .851 13.90 14.30 14.20 30 38 38 Sweetpotatoes, Cwt : 2.19 35.20 36.40 36.70 Apples, Fresh, Lb 4/ : .287 .467 .483 4.80 47 54 5 Citrus (equiv on-tree),box: Grapefruit : .388 7.12 7.36 6.50 38 26 26 Lemons : 1.10 17.40 18.00 18.40 39 51 31 Oranges : .570 10.40 10.70 9.54 36 33 35 Tangerines : 1.46 25.00 25.90 24.40 44 43 57 Temples (FL) : .463 8.51 8.80 7.75 50 48 Beef Cattle, Cwt : 9.46 154.00 160.00 158.00 44 44 46 Calves, Cwt : 12.70 205.00 212.00 213.00 50 45 45 Hogs, Cwt : 6.03 99.80 103.00 101.00 38 29 31 Lambs, Cwt : 10.90 174.00 180.00 182.00 38 48 Sheep, Cwt : 4.65 73.80 76.30 77.80 49 50 Eggs, Doz : .0933 1.51 1.56 1.56 2/37 2/40 2/39 Turkeys, Live, Lb : .0579 .940 .972 .969 36 40 36 ------------------------------------------------------------------------------- --continued Parity Prices Based on Data for January 2003, 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 : .255 4.27 : Processing 5/ : Spearmint Oil, Lb: 1.59 26.60 : Excl Dried : Tobacco, Lb : : Clingstone, : Type 61 : 2.51 42.00 : CA, Ton : 33.00 552.00 : : Pears, Ton : Noncitrus Fruit : : Fresh 4/ : 51.70 865.00 Apples, Ton 6/ : : Dried, CA 6/ : 161.00 2700.00 Processing : 18.00 301.00 : Plums, CA, Ton : Apricots, Ton : : Fresh, Equiv : Fresh 7/ : 103.00 1720.00 : on-Tree : 57.20 958.00 Dried, CA : 284.00 4750.00 : Prunes, Dried, : Avocados, Ton 7/ : 218.00 3650.00 : CA, Ton 6/ : 132.00 2210.00 Cherries : : Prunes and Plums,: Sweet, Ton : 181.00 3030.00 : Excl CA, Ton : Tart, Lb : .0229 .383 : Fresh 9/ : 53.50 896.00 Cranberry, Bbl 5/: 6.23 104.00 : Processing 6/ : Dates, CA, Ton 7/: 161.00 2700.00 : Excl Dried : 24.90 417.00 Grapes, Ton : : : Raisin Variety : 130.00 2180.00 :Tree Nuts 10/ : Other Dried : 68.50 1150.00 : Almonds, Lb : .211 3.53 Kiwifruit, Ton : 74.00 1240.00 : Hazelnuts, Ton : 124.00 2080.00 Nectarines : : Pistachio, Lb : .160 2.68 Fresh, Calif, : : Walnuts, Ton : 181.00 3030.00 Ton 7/ : 64.10 1070.00 : : Olives, CA : :Vegetables, Cwt 11/: Canning, Ton 5/: 96.80 1620.00 : Fresh : Papayas (HI) Lb : .0508 .850 : Carrots 8/ : 2.11 35.30 Peaches : : Cauliflower 8/ : 4.53 75.80 Fresh, Lb 4/ : .0397 .665 : Celery 8/ : 2.00 33.50 Dried, CA, : : Honeydew Melons : 2.78 46.50 Ton : 97.00 1620.00 : Lettuce : 2.47 41.30 : : Onions 8/ : 1.66 27.80 : : Tomatoes : 4.31 72.10 ------------------------------------------------------------------------------- 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, 2000 and 2001 ------------------------------------------------------------------------------ State : 2000 : 2001 ------------------------------------------------------------------------------ : Dollars per Cwt : : All AR : 5.60 3.93 CA : 4.99 5.28 LA : 5.82 4.47 MS : 5.68 4.15 MO : 5.40 3.70 TX : 5.82 4.61 : US 1/ : 5.61 4.25 : : Length of Grain US: : Long : 5.84 4.10 : Medium &: Short : 5.15 4.82 ------------------------------------------------------------------------------ 1/ Based on state prices weighted by marketings for August through July. All Rice: Monthly Prices Received and Marketings, United States by Month, Marketing Years, 1999/2000 - 2001/2002 1/ ------------------------------------------------------------------------------- : Prices Received :: : Marketings 2/ Month :-------------------------------:: Month :------------------------------- :1999/2000: 2000/2001: 2001/2002:: :1999/2000: 2000/2001: 2001/2002 ------------------------------------------------------------------------------- : Dollars per Cwt :: 1,000 Cwt : :: Aug : 6.91 5.72 5.01 :: Aug 10,148 8,802 12,443 Sep : 6.17 5.53 4.67 :: Sep 12,932 10,616 9,496 Oct : 5.91 5.57 4.39 :: Oct 14,592 13,183 12,415 Nov : 5.96 5.72 4.25 :: Nov 13,234 12,393 11,093 Dec : 6.01 5.69 4.29 :: Dec 14,204 12,689 11,215 Jan 3/: 5.98 5.86 4.30 :: Jan 3/ 18,581 15,204 16,415 Feb : 5.82 5.72 4.16 :: Feb 13,619 12,465 11,694 Mar : 5.64 5.66 3.99 :: Mar 11,993 11,700 9,718 Apr : 5.75 5.68 3.94 :: Apr 8,907 11,870 11,270 May : 5.62 5.40 3.98 :: May 10,075 9,087 9,841 Jun : 5.69 5.14 3.92 :: Jun 9,800 7,951 8,884 Jul : 5.59 5.32 3.81 :: Jul 9,357 8,588 8,288 : :: : :: Year 147,442 134,548 132,772 ------------------------------------------------------------------------------- 1/ August - July for US. 2/ Purchases from producers as reported by private firms and rice (rough equivalent) shipped from producers as reported by cooperative mills. 3/ Second year. Apples for Fresh Use: Prices Received, United States, July 1994 - December 2002 ------------------------------------------------------------------------------ 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 .212 .248 .235 .231 .221 .216 .220 .218 .215 .220 2002 : .206 .245 .300 .301 .268 .263 ------------------------------------------------------------------------------ 1/ January of the following year. Peaches for Fresh Use: Monthly Prices Received, United States, May 1994 - September 2002 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 : .332 .264 .238 .219 .345 2001 : .395 .338 .288 .216 .318 2002 : .475 .275 .205 .278 .278 ------------------------------------------------------------------------------ 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 2002 ------------------------------------------------------------------------------- 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 : 405 394 415 390 374 363 282 276 267 267 267 337 2002 : 312 460 474 458 442 437 ------------------------------------------------------------------------------- 1/ January of the following year. 2/ Insufficient sales to establish a price. Grapes for Fresh Use: Monthly Prices Received, United States, May 1998 - December 2002 ------------------------------------------------------------------------------- Year : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec ------------------------------------------------------------------------------- : Dollars per Pound 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 2002 : 1,000 905 850 655 655 590 610 720 -------------------------------------------------------------------------------- 1/ Insufficient sales to establish a price. Limes: Marketing Year Average Prices Received Received, Florida, 2000/2001 - 2002/2003 -------------------------------------------------------------------------------- : : 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/ : 2000-2001 : 29.50 17.00 19.00 2.30 12.00 14.00 -2.70 2001-2002 : 26.40 11.55 13.50 1.75 6.19 8.15 -3.60 2002-2003 2/ : ------------------------------------------------------------------------------ 1/ Net lbs. Per box: 88. 2/ Estimates discontinued as of the 2002-03 crop. Sweet Potatoes: Marketing Year Average Prices Received, by State and United States, 2000-2002 ------------------------------------------------------------------------------ State : 2000 : 2001 : 2002 1/ ------------------------------------------------------------------------------ : Dollars per Cwt : AL : 15.20 18.20 14.80 CA : 24.10 26.90 29.60 GA 2/ : 14.00 13.00 LA : 13.20 13.30 13.50 MS : 14.60 13.60 14.60 NJ : 21.50 19.60 25.00 NC : 12.30 12.00 13.00 SC : 14.20 13.00 14.40 TX : 16.50 18.70 17.90 VA : 13.30 14.80 16.10 : US : 15.30 15.40 17.00 ------------------------------------------------------------------------------- 1/ Preliminary. 2/ Estimates discontinued in 2002. Parity Prices Parity prices based on data for January 2003 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 1993 through 2002 for use in parity computations, and ten-year averages for 1992-2001 and 1993-2002 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 2003 this is the 1993-2002 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 2003 is given below. The 120-month, January 1993-December 2002 average of prices received by farmers for corn was $2.69 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 691 (1910-14=100). Dividing $2.69 by 6.91 gives $.389 per bushel, the adjusted base price which is multiplied by 1674 percent, the Parity Index (1910-14=100), based on data for January 2003. This gives $6.51 per bushel, the parity price of corn during February 2003. 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, 2003 ------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2003 2/ ------------------------------------------------------------------------------- : Dollars : Basic Commodities : Wheat, Bu 3/ : 0.569 9.53 Rice, Cwt 3/ : 1.56 26.10 Corn, Bu 3/ : 0.389 6.51 Cotton, Lb : American Upland 3/ : 0.100 1.67 Extra Long Staple : 0.140 2.34 Peanuts, Lb : 0.0388 0.650 Tobacco, Lb : Flue-Cured, Types 11-14 : 0.256 4.29 VA Fire-Cured, Type 21 : 0.259 4.34 KY-TN Fire-Cured, : Types 22-23 : 0.320 5.36 Burley, Type 31 : 0.275 4.60 Maryland, Type 32 : 0.218 3.65 Dark Air-Cured, Types 35-36 : 0.276 4.62 Sun-Cured, Type 37 : 0.243 4.07 PA SeedLeaf, Type 41 : 0.199 3.33 Cigar Filler & Binder, : Types 42-44, 54-55 : 0.221 3.70 Puerto Rican Filler, Type 46 : 0.163 2.73 Cigar Binder, Types 51-52 : 0.719 12.00 : Designated Nonbasic Commodities : Soybeans, Bu 3/ : 0.851 14.20 All Milk Sold to Plants, Cwt : 1.97 33.00 Honey, Wholesale, Lb : Extracted : 0.0938 1.570 : Wool and Mohair : Wool, Lb 3/ : 0.091 1.53 Mohair, Lb : 0.325 5.44 : Other Nonbasic Commodities : Field Crops and Misc : Barley, Bu 3/ : 0.385 6.44 Cottonseed, Ton : 15.60 261.00 Dry Edible Beans, Cwt : 2.97 49.70 Flaxseed, Bu : 0.703 11.80 All Hay, Baled, Ton : 12.80 214.00 Hops, Lb : 0.255 4.27 Oats, Bu 3/ : 0.243 4.07 Peppermint Oil, Lb : 1.79 30.00 Potatoes, Cwt : 0.813 13.60 Rye, Bu : 0.343 5.74 Sorghum Grain, Cwt 3/ : 0.658 11.00 Spearmint Oil, Lb : 1.59 26.60 Sweetpotatoes, Cwt : 2.19 36.70 Tobacco, Cigar Wrapper : Type 61, Lb : 2.51 42.00 ------------------------------------------------------------------------------- See footnotes on page A-37. Adjusted Base Prices and United States Parity Prices Based on Data for January, 2003 ------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2003 2/ ------------------------------------------------------------------------------- : Dollars : Fruit, Citrus (Equiv : On-Tree) Box : Grapefruit 13/ : 0.388 6.50 Lemons 13/ : 1.100 18.40 Oranges 13/ : 0.570 9.54 Tangerines 13/ : 1.46 24.40 Temples 13/ : 0.463 7.75 : Fruit, Deciduous and Other : Apples : Fresh, Lb 4/ : 0.0287 0.480 Processing, Ton 13/ : 18.00 301.00 Apricots, Ton : Fresh : 103.00 1,720.00 Processing : Dried (CA) : 284.00 4,750.00 Excl Dried : 40.20 673.00 Avocados, Ton 13/ : 218.00 3,650.00 Cherries : Sweet, Ton : 181.00 3,030.00 Tart, Lb 13/ : 0.0229 0.383 Cranberries, Bbl 13/ : 6.23 104.00 Dates (CA) Ton 5/ : 161.00 2,700.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 130.00 2,180.00 Excl Raisin Varieties Dried : 68.50 1150.00 Kiwifruit, Ton 13/ : 74.00 1,240.00 Nectarines (CA), Ton : Fresh 5/ : 64.10 1070.00 Processing 6/ : 3.78 63.30 Olives (CA), Ton 7/ : Processing : Crushed for oil : 1.69 28.30 Excl crushed : 84.10 1,410.00 Canning : 96.80 1,620.00 Papayas (HI), Fresh, Lb : 0.0508 0.850 Peaches : Fresh, Lb 7/ : 0.0397 0.665 Processing : Dried (CA), Ton 6/ : 97.00 1,620.00 Excluding Dried, Ton : Clingstone (CA), Ton 7/ : 33.00 552.00 Freestone, Ton 6/ : 26.80 449.00 Pears : Fresh, Ton 4/ : 51.70 865.00 Processing, Ton 6/ : Dried (CA) : 161.00 2,700.00 Excluding Dried : 28.40 475.00 ------------------------------------------------------------------------------- See footnotes on page A-37. Adjusted Base Prices and United States Parity Prices Based on Data for January, 2003 ------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2003 2/ ------------------------------------------------------------------------------- : Dollars : Fruit, Deciduous and Other, Cont: Plums (CA) Equiv On-Tree : Fresh, Ton 8/ : 57.20 958.00 Processing, Ton : 3.14 52.60 Prunes, Dried (CA), Ton 13/ : 132.00 2,210.00 Prunes & Plums (EX CA) Ton : Fresh 8/ : 53.50 896.00 Processing 6/ : 24.90 417.00 Strawberries, Lb : Fresh 6/ : 0.0949 1.590 Processing : 0.0410 0.686 Sugar Crops, Ton : Sugarbeets 10/ 13/ : 5.65 94.60 Sugarcane 10/ 13/ : 4.05 67.80 : Tree Nuts 11/ : Almonds, Lb : 0.211 3.53 Hazelnuts, Ton : 124.00 2,080.00 Pecans, All, Ton : 253.00 4,240.00 Pistachio, All, Lb : 0.160 2.68 Walnuts, Ton 13/ : 181.00 3,030.00 : Vegetables, Fresh, Cwt 9/ : Asparagus : 16.40 275.00 Broccoli 12/ : 4.07 68.10 Carrots 12/ : 2.11 35.30 Cauliflower 12/ : 4.53 75.80 Celery 12/ : 2.00 33.50 Honeydew Melons : 2.78 46.50 Lettuce : 2.47 41.30 Onions 12/ : 1.66 27.80 Sweet Corn : 2.60 43.50 Tomatoes : 4.31 72.10 : Vegetables, Processing, Ton 6/ : Asparagus : 164.00 2,750.00 Green Peas : 38.60 646.00 Snap Beans : 24.60 412.00 Sweet Corn : 10.50 176.00 Tomatoes : 9.00 151.00 : Livestock and Products : Beef Cattle, Cwt : 9.46 158.00 Calves, Cwt : 12.70 213.00 Eggs, Doz : 0.0933 1.56 Hogs, Cwt : 6.03 101.00 Lambs, Cwt : 10.90 182.00 Sheep, Cwt : 4.65 77.80 Turkeys, Lb : 0.0579 0.969 ------------------------------------------------------------------------------- See footnotes on page A-37. Adjusted Base Prices and United States Parity Prices Based on Data for January, 2003 ------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2003 2/ ------------------------------------------------------------------------------- : Dollars : Discontinued Nonbasic Commodities : Field Crops and Misc 14/ : Crude Pine Gum, Bbl : 13.90 233.00 Dry Field Peas, Cwt : 1.89 31.60 Popcorn, Cwt : 1.81 30.30 Tobacco, Type 62, Lb : 0.858 14.40 : Fruit, Deciduous and Other 16/ : Berries, Processing, Lb : Blackberries : 0.0620 1.040 Black Raspberries : 0.106 1.77 Boysenberries/Youngberries : 0.0879 1.470 Gooseberries : 0.0373 0.624 Loganberries : 0.0603 1.010 Red Raspberries : 0.0844 1.410 : Seed Crops, Cwt 14/ : Alfalfa : 19.30 323.00 Bentgrass : 18.90 316.00 Chewings Fescue : 10.00 167.00 Crimson Clover : 8.40 141.00 Hairy Vetch : 5.81 97.30 Ladino Clover : 24.70 413.00 Lespedeza : 8.31 139.00 Merion KY Bluegrass : 22.00 368.00 Orchardgrass : 7.16 120.00 Red Clover : 12.00 201.00 Red Fescue : 10.10 169.00 Tall Fescue : 3.67 61.40 Timothy : 6.40 107.00 : Vegetables, Fresh, Cwt 14/ : Artichokes : 4.55 76.20 Cabbage : 1.38 23.10 Cantaloupes : 2.13 35.70 Cucumbers : 2.28 38.20 Eggplant : 2.41 40.30 Escarole : 3.10 51.90 Garlic : 2.93 49.00 Green Peppers : 3.60 60.30 Snap Beans : 4.51 75.50 Spinach : 3.95 66.10 Watermelon : 0.846 14.20 : Vegetables, Processing, Ton 14/ : Beets : 7.79 130.00 Cabbage : 6.01 101.00 Lima Beans : 67.00 1,120.00 Spinach : 14.50 243.00 : Livestock and Products 14/ : Beeswax, Lb : 0.291 4.87 ------------------------------------------------------------------------------- See footnotes on page A-37. Adjusted Base Prices and United States Parity Prices Based on data for January 2003 (continued) 1/ Adjusted base price 1910-14 derived by dividing the average of 10 season average prices 1993-2002, including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations, by 691 percent (the 120-month, Jan 1993-Dec 2002 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 1993-Dec 2002 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 2002 marketing year average prices are not yet available for these commodities. Therefore, the adjusted base prices are brought forward from 2001, 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, 1993-2002 1/ ---------------------------------------------------------------------------- : : : : : : : : : : : : : : Commodity and Unit : 1993 : 1994 : 1995 : 1996 : 1997 : 1998 : 1999 : : : : : : : ---------------------------------------------------------------------------- Index of Prices : (1910-14=100) Received by Farmers : 643 634 646 712 678 645 607 ---------------------------------------------------------------------------- : Dollars : : Calendar Year Average Prices 3/ Basic Commodities : Corn, Bu : 2.22 2.41 2.56 3.55 2.60 2.20 1.89 Cotton, Upland, Lb : 0.538 0.661 0.772 0.741 0.679 0.646 0.516 Cotton, Long Staple, Lb : 0.870 1.025 1.228 1.070 1.014 0.924 0.852 Tobacco, Type 32, Lb : 1.430 1.481 1.573 1.856 1.576 1.291 1.345 Wheat, Bu : 3.21 3.52 4.09 4.77 3.71 2.90 2.58 Rice, Cwt : 6.00 8.20 7.62 9.62 10.01 9.40 7.60 : Designated Nonbasic Comm : All Milk, Cwt : 12.80 13.00 12.80 14.90 13.30 15.40 14.40 : Other Nonbasic Comm : Field Crops and Misc : Barley, Bu : 1.98 2.01 2.47 3.07 2.39 2.13 1.99 Dry Beans, Cwt : 20.70 24.60 21.90 23.70 20.90 20.40 17.90 Flaxseed, Bu : 4.25 4.49 5.05 5.92 6.11 5.72 4.38 Hay, Baled, Ton : 82.30 88.90 83.20 88.90 102.80 89.70 78.70 Oats, Bu : 1.40 1.29 1.45 2.01 1.72 1.34 1.15 Rye, Bu : 2.55 2.70 2.90 3.70 3.75 2.49 2.28 Sorghum, Cwt : 3.66 3.97 4.51 5.93 4.10 3.54 2.86 Soybeans, Bu : 6.04 6.11 5.85 7.27 7.40 5.93 4.57 Sweetpotatoes, Cwt : 15.10 14.00 15.90 14.40 15.80 15.30 17.60 : Fruit : Apples, Fresh, Lb 4/ : 0.183 0.183 0.205 0.242 0.194 0.184 0.176 : Livestock and Products : Beef Cattle, Cwt : 73.40 66.50 62.20 59.30 63.30 59.70 63.30 Calves, Cwt : 95.90 87.10 74.80 58.70 82.30 82.30 89.60 Eggs, Doz : 0.629 0.609 0.639 0.760 0.699 0.664 0.609 Hogs, Cwt : 45.20 39.50 41.80 53.30 52.00 32.50 32.30 Lambs, Cwt : 64.60 64.80 78.30 88.30 90.50 72.50 74.50 Sheep, Cwt : 29.50 31.60 28.60 30.30 38.10 31.90 30.70 Turkeys, Lb : 0.390 0.407 0.411 0.435 0.401 0.379 0.407 ---------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1993-2002 1/ (continued) ----------------------------------------------------------------------------- : : : :1992- : 1993-2002 Average : : : : 2001 :-------------------- Commodity and Unit : 2000 : 2001 : 2002 :Average: As :For Parity : : : : :Computed:Purposes 2/ ----------------------------------------------------------------------------- Index of Prices : (1910-14=100) Received by Farmers : 612 649 627 645 645 691 ----------------------------------------------------------------------------- : Dollars : : Calendar Year Average prices 3/ Basic Commodities : Corn, Bu : 1.86 1.89 2.13 2.35 2.33 2.69 Cotton, Upland, Lb : 0.498 0.389 0.332 0.597 0.577 0.692 Cotton, Long Staple, Lb : 0.952 0.856 0.846 0.963 0.969 0.970 Tobacco, Type 32, Lb : 1.387 1.554 1.449 1.496 1.494 Wheat, Bu : 2.57 2.83 3.41 3.36 3.36 3.93 Rice, Cwt : 5.69 5.12 3.94 7.63 7.32 10.80 : Designated Nonbasic Comm : All Milk, Cwt : 12.40 15.00 12.10 13.70 13.60 : Other Nonbasic Comm : Field Crops and Misc : Barley, Bu : 2.14 2.15 2.40 2.24 2.27 2.66 Dry Beans, Cwt : 15.10 17.50 22.70 20.00 20.50 Flaxseed, Bu : 3.45 4.00 5.24 4.71 4.86 Hay, Baled, Ton : 80.40 95.20 94.70 86.20 88.50 Oats, Bu : 1.17 1.42 1.89 1.43 1.48 1.68 Rye, Bu : 2.49 2.60 2.93 2.32 2.37 Sorghum, Cwt : 3.10 3.38 3.78 3.89 3.88 4.55 Soybeans, Bu : 4.73 4.43 4.93 5.79 5.73 5.88 Sweetpotatoes, Cwt : 15.30 15.40 17.00 15.10 15.60 : Fruit : Apples, Fresh, Lb 4/ : 0.195 0.180 0.241 0.199 0.198 : Livestock and Products : Beef Cattle, Cwt : 68.40 71.20 66.70 65.90 65.40 Calves, Cwt :105.80 106.70 96.70 87.30 88.00 Eggs, Doz : 0.636 0.605 0.603 0.641 0.645 Hogs, Cwt : 42.90 44.10 33.30 42.60 41.70 Lambs, Cwt : 80.30 67.60 87.20 74.20 75.40 75.40 Sheep, Cwt : 33.80 35.80 30.50 31.70 32.10 Turkeys, Lb : 0.407 0.391 0.362 0.401 0.400 ----------------------------------------------------------------------------- Footnotes on page A-47. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1993-2002 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1993 : 1994 : 1995 : 1996 : 1997 : 1998 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Basic Commodities : Peanuts, Lb 18/ : 0.304 0.289 0.293 0.281 0.283 0.284 Tobacco, Lb : Types 11-14 : 1.681 1.698 1.790 1.834 1.720 1.756 Type 21 : 1.719 1.612 1.640 1.790 2.125 1.936 KY-TN Fire-Cured, : Types 22-23 : 2.194 2.092 2.172 2.245 2.256 2.225 Burley, Type 31 : 1.816 1.841 1.854 1.922 1.885 1.903 Types 35-36 : 1.715 1.685 1.762 1.952 2.017 2.017 Sun-Cured, Type 37 : 1.521 1.476 1.555 1.782 1.908 1.709 PA Seedleaf, Type 41 : 0.950 1.000 1.450 1.550 1.600 1.300 Cigar Filler & Binder: Types 42-44, 54-55 : 1.432 1.450 1.450 1.486 1.505 1.498 Puerto Rican Filler, : Type 46 7/ : Types 51-52 : 3.000 3.060 3.888 6.279 7.273 5.499 : Designated Nonbasic Comm : Honey, Wholesale, Lb : Extracted 8/ : 0.539 0.528 0.685 0.888 0.752 0.655 : Wool and Mohair 9/ : Wool, Lb : 0.510 0.780 1.040 0.700 0.840 0.600 Mohair, Lb : 0.82 2.56 1.84 1.92 2.25 2.49 : Other Nonbasic Comm : Field Crops and Misc : Cottonseed, Ton :113.00 101.00 106.00 126.00 121.00 129.00 Hops, Lb : 1.760 1.810 1.710 1.650 1.600 1.690 Peppermint Oil, Lb : 13.30 14.60 13.80 13.60 12.90 11.90 Potatoes, Cwt : 6.16 5.56 6.75 4.91 5.64 5.56 Spearmint Oil, Lb : 12.30 12.50 12.30 12.00 11.90 11.00 -------------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1993-2002 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1992- :1993- : : : : : 2001 : 2002 Commodity and Unit : 1999 : 2000 : 2001 : 2002 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Basic Commodities : Peanuts, Lb 18/ : 0.254 0.274 0.234 0.179 0.280 0.268 Tobacco, Lb : Types 11-14 : 1.737 1.795 1.857 1.821 1.759 1.769 Type 21 : 1.819 1.637 1.759 1.884 1.765 1.792 KY-TN Fire-Cured, : Types 22-23 : 2.298 2.163 2.149 2.300 2.197 2.209 Burley, Type 31 : 1.899 1.963 1.973 1.979 1.887 1.904 Types 35-36 : 2.039 1.965 1.829 2.151 1.868 1.913 Sun-Cured, Type 37 : 1.590 1.800 1.686 1.777 1.641 1.680 PA Seedleaf, Type 41 : 1.300 20/ 1.650 1.759 1.331 1.376 Cigar Filler & Binder: Types 42-44, 54-55 : 1.490 1.550 1.650 1.750 1.500 1.526 Puerto Rican Filler, : Type 46 7/ : Types 51-52 : 4.737 5.000 5.590 5.329 4.713 4.966 : : Designated Nonbasic Comm : Honey, Wholesale, Lb : Extracted 8/ : 0.601 0.597 0.669 6/ 0.646 : Wool and Mohair 9/ : Wool, Lb : 0.380 0.330 0.360 6/ 0.628 Mohair, Lb : 3.46 4.04 2.13 6/ 2.24 : Other Nonbasic Comm : Field Crops and Misc : Cottonseed, Ton : 89.00 105.00 90.50 100.00 108.00 108.00 Hops, Lb : 1.690 1.870 1.850 1.940 1.740 1.760 Peppermint Oil, Lb : 10.70 10.80 10.90 11.60 12.50 12.40 Potatoes, Cwt : 5.77 5.08 5.05 6/ 5.60 Spearmint Oil, Lb : 9.70 9.60 9.10 9.10 11.30 11.20 -------------------------------------------------------------------------------- Footnotes on page A-47. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1993-2002 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1993 : 1994 : 1995 : 1996 : 1997 : 1998 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 17.00 17.80 6/ 6/ 6/ 6/ : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 3.33 2.30 2.32 1.93 2.00 3.17 Lemons : 6.18 7.52 6.37 8.36 6.57 8.85 Oranges : 4.40 4.23 4.79 4.22 4.29 5.47 Tangerines : 9.56 12.21 11.10 9.48 8.84 12.55 Temples : 2.73 3.47 4.44 3.22 3.07 5.12 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 107.00 114.00 159.00 171.00 130.00 94.60 Apricots, Ton : Fresh 14/ : 778.00 546.00 900.00 1,170.00 558.00 579.00 Processing 11/ : Dried (CA) :2,320.00 1,890.00 2,090.00 2,240.00 1,810.00 1,860.00 Excl Dried : 271.00 305.00 282.00 285.00 273.00 260.00 Avocados, Ton :1,780.00 1,380.00 1,300.00 1,430.00 1,560.00 2,160.00 Cherries : Sweet, Ton :1,190.00 1,040.00 1,260.00 1,470.00 1,250.00 1,090.00 Tart, Lb : 0.121 0.163 0.059 0.161 0.159 0.145 Cranberries, Bbl : 50.20 49.30 53.40 65.90 63.70 36.60 Dates (CA) Ton : 790.00 750.00 780.00 1,090.00 1,100.00 1,220.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 937.00 923.00 980.00 1,070.00 908.00 1,250.00 Excl Raisin Var Dr : 377.00 376.00 399.00 483.00 497.00 508.00 Kiwifruit, Ton 12/ : 370.00 491.00 459.00 470.00 518.00 744.00 Nectarines, CA, Ton : Fresh 12/ : 509.00 286.00 20/ 20/ 20/ 20/ Processing 11/ : 28.00 25.00 20/ 20/ 20/ 20/ Olives (CA), Ton : Processing 13/ : Crushed for Oil : 10.50 11.00 11.00 11.00 11.00 11.00 Excl Crushed : 488.00 489.00 681.00 643.00 665.00 481.00 Canning 13/ : 558.00 551.00 779.00 745.00 760.00 590.00 -------------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1993-2002 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1992- :1993- : : : : : 2001 : 2002 Commodity and Unit : 1999 : 2000 : 2001 : 2002 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 6/ 6/ 6/ 6/ 17.30 : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 3.87 2.51 2.51 6/ 2.67 Lemons : 9.49 4.96 11.47 6/ 7.59 Oranges : 3.58 3.85 4.08 6/ 3.93 Tangerines : 7.15 7.92 9.50 6/ 10.04 Temples : 2.55 2.05 2.28 6/ 3.19 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 128.00 101.00 105.00 6/ 124.00 Apricots, Ton : Fresh 14/ : 638.00 573.00 650.00 671.00 700.00 710.00 Processing 11/ : Dried (CA) : 20/ 1,860.00 1,960.00 1,590.00 2,000.00 1,960.00 Excl Dried : 295.00 283.00 257.00 267.00 280.00 278.00 Avocados, Ton :1,940.00 1,380.00 1,640.00 6/ 1,500.00 Cherries : Sweet, Ton :1,100.00 1,340.00 1,230.00 1,550.00 1,189.00 1,252.00 Tart, Lb : 0.218 0.187 0.186 6/ 0.158 Cranberries, Bbl : 17.20 18.10 23.10 27.40 42.90 40.50 Dates (CA) Ton :1,240.00 1,230.00 1,320.00 1,580.00 1,058.00 1,110.00 Grapes, Ton : Raisin Varieties : Dried (CA) :1,220.00 569.00 548.00 6/ 932.00 Excl Raisin Var Dr : 522.00 510.00 528.00 6/ 453.00 Kiwifruit, Ton 12/ : 634.00 455.00 667.00 6/ 510.00 Nectarines, CA, Ton : Fresh 12/ : 437.00 407.00 480.00 383.00 436.00 443.00 Processing 11/ : 27.90 24.00 26.00 6/ 26.30 Olives (CA), Ton : Processing 13/ : Crushed for Oil : 11.00 11.00 6.00 23.00 10.40 11.70 Excl Crushed : 401.00 679.00 682.00 599.00 578.00 581.00 Canning 13/ : 513.00 769.00 770.00 657.00 671.00 669.00 -------------------------------------------------------------------------------- Footnotes on page A-47. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1993-2002 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1993 : 1994 : 1995 : 1996 : 1997 : 1998 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Papayas (HA), Fresh, Lb : 0.232 0.243 0.435 0.448 0.529 0.350 : Peaches : Fresh, Lb 14/ : 0.221 0.188 0.260 0.331 0.244 0.306 Processing 11/ : Dried (CA), Ton : 713.00 856.00 894.00 726.00 612.00 544.50 Excluding Dried, Ton : Clingstone CA, Ton : 218.00 180.00 213.00 219.00 260.00 219.00 Freestone, Ton : 187.00 187.00 187.00 181.00 194.00 186.00 : Pears : Fresh, Ton 4/ : 280.00 258.00 343.00 496.00 329.00 373.00 Processing, Ton 11/ : Dried (CA) : 970.00 942.00 919.00 1,290.00 1,020.00 1,500.00 Excluding Dried : 206.00 184.00 177.00 223.00 213.00 199.00 : Plums (CA), Ton : Fresh 20/ : : Processing 20/ : : Prunes,Dried, CA, Ton 11/:1,120.00 1,090.00 1,040.00 839.00 883.00 764.00 : Prunes&Plums, Ex CA, Ton : Fresh 14/ : 206.00 255.00 441.00 575.00 448.00 476.00 Processing 11/ : 157.00 105.00 145.00 267.00 134.00 162.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.540 0.602 0.604 0.565 0.656 0.741 Processing : 0.284 0.291 0.262 0.204 0.271 0.319 : Sugar Crops, Ton 17/ : Sugarbeets : 39.00 38.80 38.10 45.40 38.80 36.40 Sugarcane : 28.50 29.20 29.50 28.30 28.10 27.30 -------------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1993-2002 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1992- :1993- : : : : : 2001 : 2002 Commodity and Unit : 1999 : 2000 : 2001 : 2002 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Papayas (HA), Fresh, Lb : 0.402 0.316 0.279 0.295 0.348 0.351 : Peaches : Fresh, Lb 14/ : 0.290 0.279 0.309 0.311 0.264 0.274 Processing 11/ : Dried (CA), Ton : 619.50 728.00 514.00 456.00 710.00 66.00 Excluding Dried, Ton : Clingstone CA, Ton : 225.00 250.00 244.00 247.00 224.00 228.00 Freestone, Ton : 185.00 176.00 182.00 185.00 185.00 185.00 : Pears : Fresh, Ton 4/ : 393.00 318.00 365.00 413.00 353.00 357.00 Processing, Ton 11/ : Dried (CA) :1,040.00 909.00 1,210.00 1,300.00 1,093.00 1,110.00 Excluding Dried : 184.00 190.00 175.00 212.00 197.00 196.00 : Plums (CA), Ton : : Fresh 20/ : 370.00 395.00 Processing 20/ : 19.20 19.20 : Prunes,Dried, CA, Ton 11/: 861.00 770.00 723.00 810.00 912.00 890.00 : Prunes&Plums, Ex CA, Ton : Fresh 14/ : 232.00 321.00 345.00 396.00 354.00 370.00 Processing 11/ : 182.00 178.00 185.00 203.00 166.00 172.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.735 0.649 0.758 0.711 0.647 0.656 Processing : 0.330 0.245 0.292 0.333 0.275 0.283 : Sugar Crops, Ton 17/ : Sugarbeets : 37.20 34.20 39.40 6/ 38.90 Sugarcane : 25.60 26.10 28.40 6/ 27.90 -------------------------------------------------------------------------------- Footnotes on page A-47. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1993-2002 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : Commodity and Unit : 1993 : 1994 : 1995 : 1996 : 1997 : 1998 : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Tree Nuts 18/ : Almonds, Lb : 1.940 1.340 2.480 2.080 1.560 1.410 Hazelnuts, Ton : 633.00 835.00 913.00 860.00 899.00 964.00 Pecans, All, Ton :1,172.00 2,080.00 2,020.00 1,282.00 1,548.00 2,420.00 Pistachio, All Lb : 1.07 .920 1.09 1.16 1.13 1.03 Walnuts, Ton :1,390.00 1,030.00 1,400.00 1,580.00 1,430.00 1,050.00 : Vegetables,Fresh, Cwt 15/: Asparagus : 95.70 100.00 113.00 92.90 108.00 124.00 Broccoli 19/ : 26.60 27.50 29.30 27.10 28.50 29.50 Carrots 19/ : 11.70 12.90 16.70 13.40 12.90 12.00 Cauliflower 19/ : 29.90 28.20 33.20 32.90 31.60 32.80 Celery 19/ : 14.80 11.80 16.30 10.50 14.70 12.30 Honeydew Melons : 18.20 16.40 20.60 17.00 18.90 21.10 Lettuce : 16.00 13.30 23.50 14.70 17.50 16.10 Onions 19/ : 14.30 9.80 9.90 10.50 12.60 13.80 Sweet Corn : 17.80 17.20 18.30 16.90 17.70 17.20 Tomatoes : 31.50 27.40 25.50 28.10 31.70 35.20 : Vegetables, Proc. Ton 11/: Asparagus :1,007.00 1,050.00 1,150.00 1,210.00 1,220.00 1,200.00 Green Peas : 251.00 254.00 267.00 284.00 288.00 282.00 Snap Beans : 178.00 166.00 173.00 178.00 176.00 172.00 Sweet Corn : 72.40 68.50 75.60 78.50 74.90 73.30 Tomatoes : 60.10 62.10 63.20 62.30 60.70 65.30 -------------------------------------------------------------------------------- Footnotes on page A-47. -- continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1993-2002 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1992- :1993- : : : : : 2001 : 2002 Commodity and Unit : 1999 : 2000 : 2001 : 2002 : Average: Average : : : : : : -------------------------------------------------------------------------------- : : Dollars : : Marketing Year Average Prices 3/ : Tree Nuts 18/ : Almonds, Lb : 0.860 0.970 0.910 1.010 1.490 1.460 Filberts, Ton : 890.00 891.00 701.00 1,000.00 814.00 859.00 Pecans, All, Ton :1,628.00 2,280.00 1,188.00 1,898.00 1,850.00 1,750.00 Pistachio, All Lb : 1.33 1.01 1.01 1.11 1.10 1.10 Walnuts, Ton : 886.00 1,240.00 1,120.00 6/ 1,250.00 : Vegetables,Fresh, Cwt 15/: Asparagus : 131.00 117.00 140.00 110.00 111.40 113.20 Broccoli 19/ : 24.10 30.40 26.00 31.50 27.30 28.10 Carrots 19/ : 16.80 13.10 17.20 19.00 13.80 14.60 Cauliflower 19/ : 30.00 32.00 29.20 32.80 30.80 31.30 Celery 19/ : 12.00 18.50 14.40 12.90 13.80 13.80 Honeydew Melons : 21.60 19.20 21.10 17.90 18.80 19.20 Lettuce : 13.30 17.40 17.90 21.50 16.20 17.10 Onions 19/ : 9.78 11.30 11.40 11.70 11.60 11.50 Sweet Corn : 17.20 18.20 19.50 20.10 17.40 18.00 Tomatoes : 25.90 30.80 30.40 31.40 30.20 29.80 : Vegetables, Proc. Ton 11/: Asparagus :1,180.00 1,180.00 1,040.00 1,110.00 1,119.00 1,135.00 Green Peas : 275.00 248.00 264.00 252.00 265.00 267.00 Snap Beans : 173.00 171.00 161.00 152.00 172.00 170.00 Sweet Corn : 71.10 73.40 72.90 68.20 72.90 72.90 Tomatoes : 71.10 59.80 59.20 58.60 63.50 62.20 -------------------------------------------------------------------------------- 1/ Averages used to compute "adjusted base prices". 2002 and 1993-2002 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 1992-2001 and 1993-2002 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 1992-2001 and 1993-2002 averages for parity purposes include this allowance. 10/ Consistent with legislation quoted in this report, citrus prices shown for 2001 relate to the citrus crop designated as 2001-2002 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, 1999-2003 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : All Farm Products : : 1910-14=100 : 1999 : 616 610 618 616 620 617 601 623 611 578 591 584 607 2000 : 573 585 603 637 636 625 613 612 619 592 623 623 612 2001 : 614 635 657 673 685 683 684 699 674 601 595 589 649 2002 : 606 628 671 603 620 626 637 644 633 609 619 623 627 2003 : 629 629 : : 1990-92=100 : 1999 : 97 96 97 97 98 97 95 98 96 91 93 92 96 2000 : 90 92 95 100 100 98 97 96 97 93 98 98 96 2001 : 97 100 103 106 108 107 108 110 106 94 94 93 102 2002 : 95 99 106 95 98 99 100 101 100 96 97 98 99 2003 : 99 99 : : All Crops : : 1910-14=100 : 1999 : 482 488 495 517 504 490 467 485 468 431 439 446 476 2000 : 436 451 470 505 510 485 466 476 479 448 478 472 473 2001 : 465 483 490 507 519 503 512 538 506 436 440 445 487 2002 : 463 501 579 496 524 529 556 574 548 502 512 512 525 2003 : 505 505 : : 1990-92=100 : 1999 : 98 99 100 105 102 99 95 98 95 87 89 90 96 2000 : 88 91 95 102 103 98 95 97 97 91 97 96 96 2001 : 94 98 99 103 105 102 104 109 103 88 89 90 99 2002 : 94 102 117 101 106 107 111 116 111 102 104 104 106 2003 : 102 102 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Indexes of Prices Received by Months and Annual Average, United States, 1999-2003 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Food Grains : : 1910-14=100 : 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 : 296 291 293 292 303 289 279 286 292 286 281 290 290 2002 : 283 270 270 267 274 303 333 364 409 405 388 393 330 2003 : 347 347 : : 1990-92=100 : 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 89 91 91 2002 : 89 85 85 84 86 95 105 114 129 128 122 124 104 2003 : 109 109 : : Feed Grains and Hay : : 1910-14=100 : 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 : 319 324 325 323 322 324 339 342 331 307 308 330 325 2002 : 322 325 327 328 339 349 367 395 400 377 368 379 356 2003 : 368 368 : : 1990-92=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 91 91 90 90 91 95 96 93 86 86 92 91 2002 : 90 91 91 92 95 98 103 111 112 106 103 106 100 2003 : 103 103 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Indexes of Prices Received by Months and Annual Average, United States, 1999-2003 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Cotton : : 1910-14=100 : 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 : 440 410 347 360 346 331 329 315 309 259 235 260 328 2002 : 231 237 240 230 226 285 298 279 298 330 354 356 280 2003 : 365 365 : : 1990-92=100 : 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 62 60 51 46 51 64 2002 : 45 46 47 45 44 56 58 54 58 64 69 69 55 2003 : 71 71 : : Tobacco 2/ : : 1910-14=100 : 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 1574 1639 1657 1722 1709 1614 2002 : 1761 1704 1478 1617 1570 1578 1613 1704 1722 1639 2003 : 1713 1713 : : 1990-92=100 : 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 : 116 113 98 107 104 104 106 113 114 108 2003 : 113 113 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. 2/ Missing data indicates insufficient sales volume to establish a price. Indexes of Prices Received by Months and Annual Average, United States, 1999-2003 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Oil-Bearing Crops : : 1910-14=100 : 1999 : 526 480 455 454 441 437 411 429 456 439 446 447 452 2000 : 451 471 479 487 507 480 442 432 464 444 464 481 467 2001 : 458 438 428 412 423 437 468 473 445 406 422 427 436 2002 : 415 419 432 440 455 483 528 539 483 493 530 537 480 2003 : 528 528 : : 1990-92=100 : 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 86 81 74 77 78 80 2002 : 76 77 79 80 83 88 96 99 88 90 97 98 88 2003 : 96 96 : : Fruit and Nuts : : 1910-14=100 : 1999 : 666 732 765 820 788 872 893 901 886 866 800 659 804 2000 : 604 622 622 685 624 736 756 766 797 782 703 568 689 2001 : 604 591 680 734 667 854 887 909 901 883 783 644 761 2002 : 594 592 661 630 742 901 943 1028 969 864 774 664 780 2003 : 588 588 : : 1990-92=100 : 1999 : 95 105 110 117 113 125 128 129 127 124 115 94 115 2000 : 87 89 89 98 89 105 108 110 114 112 101 81 99 2001 : 86 85 97 105 96 122 127 130 129 126 112 92 109 2002 : 85 85 95 90 106 129 135 147 139 124 111 95 112 2003 : 84 84 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Indexes of Prices Received by Months and Annual Average, United States, 1999-2003 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Commercial Vegetables : : 1910-14=100 : 1999 : 702 749 806 870 786 732 696 709 700 650 654 776 736 2000 : 655 573 719 906 872 784 795 861 955 834 962 766 807 2001 : 819 968 928 920 968 805 834 967 900 702 679 641 844 2002 : 1085 1279 1813 832 826 768 784 803 800 741 804 796 944 2003 : 859 859 : : 1990-92=100 : 1999 : 105 112 121 130 118 110 104 106 105 97 98 116 110 2000 : 98 86 108 136 131 117 119 129 143 125 144 115 121 2001 : 123 145 139 138 145 120 125 145 135 105 102 96 126 2002 : 162 191 271 124 124 115 117 120 120 111 120 119 141 2003 : 129 129 : : Potatoes and Dry Beans : : 1910-14=100 : 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 : 409 450 437 466 453 486 532 632 516 461 538 578 497 2002 : 593 666 736 747 879 842 884 658 551 476 517 553 675 2003 : 558 559 : : 1990-92=100 : 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 : 81 89 86 92 90 96 105 125 102 91 106 114 98 2002 : 117 132 145 148 174 166 175 130 109 94 102 109 134 2003 : 110 110 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Indexes of Prices Received by Months and Annual Average, United States, 1999-2003 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Other Crops : : 1910-14=100 : 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 : 558 558 558 558 558 558 558 558 558 558 558 558 558 2003 : 567 567 : : 1990-92=100 : 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 : 113 113 113 113 113 113 113 113 113 113 113 113 113 2003 : 115 115 : : Food Commodities : : 1990-92=100 : 1999 : 97 96 97 97 97 97 95 99 98 93 97 94 96 2000 : 90 91 94 101 100 98 98 98 100 94 100 98 97 2001 : 97 101 105 108 110 110 110 113 109 96 97 94 104 2002 : 97 100 109 94 97 97 99 100 97 94 96 97 98 2003 : 98 98 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Indexes of Prices Received by Months and Annual Average, United States, 1999-2003 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Livestock and Products : : 1910-14=100 : 1999 : 739 717 727 694 718 729 727 750 750 739 754 723 731 2000 : 710 710 725 756 747 754 757 738 751 745 763 776 744 2001 : 765 781 822 833 845 864 857 852 848 798 761 737 814 2002 : 746 741 733 691 691 695 684 668 660 668 687 698 697 2003 : 730 730 : : 1990-92=100 : 1999 : 96 93 95 90 94 95 95 98 98 96 98 94 95 2000 : 93 93 94 99 97 98 99 96 98 97 99 101 97 2001 : 100 102 107 109 110 113 112 111 111 104 99 96 106 2002 : 97 97 96 90 90 91 89 87 86 87 90 91 91 2003 : 95 95 : : Meat Animals : : 1910-14=100 : 1999 : 764 788 802 822 848 852 828 865 852 886 884 892 840 2000 : 913 933 962 1009 991 983 975 938 916 933 939 968 955 2001 : 987 1000 1047 1052 1045 1054 1033 1016 976 924 873 863 989 2002 : 913 947 937 883 867 868 883 857 825 857 869 897 884 2003 : 937 937 : : 1990-92=100 : 1999 : 75 77 79 81 83 84 81 85 84 87 87 88 83 2000 : 90 92 95 99 98 97 96 92 90 92 92 95 94 2001 : 97 98 103 103 103 104 102 100 96 91 86 85 97 2002 : 90 93 92 87 85 85 87 84 81 84 85 88 87 2003 : 92 92 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Indexes of Prices Received by Months and Annual Average, United States, 1999-2003 -------------------------------------------------------------------------- : : : : : : : : : : : : : Year : Jan: Feb: Mar: Apr: May: Jun: Jul: Aug: Sep: Oct: Nov: Dec: Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------- : : Dairy Products : : 1910-14=100 : 1999 : 1069 934 934 774 787 805 848 922 965 916 885 750 882 2000 : 737 725 731 731 744 756 774 768 799 774 774 805 760 2001 : 805 805 868 897 953 996 996 1014 1051 959 891 830 922 2002 : 823 805 780 768 750 713 688 694 713 744 725 731 745 2003 : 725 725 : : 1990-92=100 : 1999 : 133 116 116 96 98 100 106 115 120 114 110 93 110 2000 : 92 90 91 91 93 94 96 96 100 96 96 100 95 2001 : 100 100 107 112 119 124 124 126 131 119 111 103 115 2002 : 103 100 97 96 93 89 86 87 89 93 90 91 93 2003 : 90 90 : : Poultry and Eggs : : 1910-14=100 : 1999 : 322 307 303 299 312 319 318 315 306 293 324 305 310 2000 : 282 273 276 297 287 297 299 296 320 311 334 319 299 2001 : 296 312 326 325 324 330 335 337 341 338 329 307 325 2002 : 308 282 283 255 269 287 272 263 265 249 275 270 273 2003 : 302 302 : : 1990-92=100 : 1999 : 115 109 108 106 111 113 113 112 109 104 115 109 110 2000 : 100 97 98 106 102 106 106 105 114 111 119 113 106 2001 : 105 111 116 116 115 117 119 120 121 120 117 109 116 2002 : 109 100 101 91 96 102 97 94 94 89 98 96 97 2003 : 108 108 -------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. 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 2003 is 90.4, down from 2002. The parity price for all milk sold to plants is $33.00 per cwt. This price multiplied by 90.4 percent, results in $29.83 per cwt as the parity price equivalent for manufacturing milk of average milkfat content. In 2002, the simple average of monthly fat tests for manufacturing grade milk was 3.82 percent. The fat test ranged from a low of 3.60 in July to a high of 3.99 percent in December. Manufacturing Grade Milk: Average Price Per Cwt Received 1/, by Months, United States, January 1993-December 2002 -------------------------------------------------------------------------------- : : : : : : : : : : : : Year : Jan : Feb : Mar : Apr : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec : : : : : : : : : : : : -------------------------------------------------------------------------------- : Dollars : 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 11.40 13.10 14.10 14.70 15.40 16.80 17.40 17.40 1999 : 15.40 12.40 12.50 12.00 11.60 12.00 13.40 15.40 15.10 12.70 11.10 10.80 2000 : 10.70 10.30 10.10 10.20 10.10 10.40 10.80 10.70 11.40 10.60 10.40 10.80 2001 : 10.70 11.10 12.20 12.80 14.20 14.90 14.90 15.20 16.00 14.30 12.40 12.50 2002 : 12.40 12.00 11.30 11.30 11.10 10.30 9.50 9.80 10.30 11.20 10.60 10.50 -------------------------------------------------------------------------------- 1/ Before hauling costs are deducted and including premiums paid to farmers. 2/ Preliminary Average price January 1993 - December 2002 a. Manufacturing grade milk 12.30 b. All milk sold at wholesale to plants and dealers 13.60 c. Ratio a/b 90.4 Parity price equivalent for manufacturing grade milk - United States a. January 2002 29.05 b. December 2002 30.04 c. January 2003 29.83 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 preliminary price represents a 3-5 day period around the 15th of the 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) is 126 (1990-92=100), unchanged from December 2002 but 3.3 percent above January 2002. PRODUCTION INDEX: The January Farm Production, Goods, and Services Index, at 122, is up 0.8 percent from last month and 4.3 percent above last year. Higher prices in January for herbicides, diesel fuel, nitrogen fertilizers, and feeder pigs more than offset lower prices for feeder cattle, feed grains, milk cows, and feed concentrates. Feed: The Feed Index, at 118, is 0.9 percent more than December and 9.3 percent above last January. Since December, higher prices for complete feeds, feed supplements, and hay and forages more than offset lower prices for feed grains and feed concentrates. Livestock and Poultry: The Index for Livestock and Poultry purchases, at 105, is 3.7 percent lower than last month and 3.7 percent below last year. Since December, lower prices for feeder cattle and milk cows more than offset higher prices for feeder pigs. The January feeder cattle price, at $84.00 per cwt, is down $5.20 per cwt from the December price. Fertilizer: The Fertilizer Index, at 114, is up 0.9 percent from December and 5.6 percent more than January a year ago. Since December, higher prices for nitrogen fertilizers more than offset lower prices for mixed fertilizers and potash and phosphate materials. Agricultural Chemicals: The Chemical index, at 123, is up 2.5 percent from last month and 2.5 percent above last January. Prices are higher in January for herbicides and insecticides. Fuels: The Fuels Index, at 130, is up 4.8 percent from a month earlier and 57 percent above January 2002. Compared to last month, prices are higher for diesel fuel, LP gas, and gasoline. Farm Machinery: The January Farm Machinery Index is 145, unchanged from December but 0.7 percent below last January. Since December, prices are slightly lower for tractors. CONSUMER PRICE INDEX: The December 2002 Consumer Price Index for all urban consumers (CPI-U) declined 0.2 percent before seasonal adjustment to a level of 180.9 (1982-84=100). This compares to the November index of 181.3. For the 12-month period ending in December, the overall index has increased 2.4 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, January 2003 With Comparisons -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2002 : 2003 : 2002 : 2003 Ratios :---------------------------------------------- : Jan : Dec : Jan : Jan : Dec : Jan -------------------------------------------------------------------------------- Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1630 *1673 1674 122 *126 126 Production : 1139 *1179 1182 117 121 122 Feed : 529 *573 574 108 *117 118 Livestock and Poultry : 1392 *1392 1337 109 109 105 Seeds : 1329 1426 1426 134 144 144 Fertilizer : 394 *414 418 108 113 114 Agricultural Chemicals : 739 *742 760 120 *120 123 Fuels : 644 *955 1000 83 *124 130 Supplies & Repairs : 915 933 933 129 *132 132 Autos & Trucks : 3146 *3099 3104 118 117 117 Farm Machinery : 3667 *3650 3649 146 *145 145 Building Material : 1642 *1652 1652 121 *122 122 Farm Services & Rent : 1422 1424 1435 Farm Services : 120 120 121 Rent : 119 119 120 Interest 1/ : 2728 2728 2599 109 109 104 Taxes 2/ : 3378 3378 3426 126 126 128 Wage Rates : 5796 5770 5770 155 154 154 Production, Interest, Taxes, : & Wage Rates (PITW) : 1619 *1664 1665 121 *124 124 Family Living-CPI 3/ : 1682 *1718 1718 131 134 134 -------------------------------------------------------------------------------- Ratio (Received\Paid) : 78 78 79 Parity Ratio 4/ : 37 37 38 Parity Ratio Adjusted 5/ : 40 *40 41 PPITW Adjusted for : Productivity 6/ : 1145 1156 1149 -------------------------------------------------------------------------------- Crop Sector (PPITW) : 125 *128 128 Livestock Sector (PPITW) : 120 *124 123 -------------------------------------------------------------------------------- Farm Sector (Production) : 112 *119 117 Non-Farm Sector (Production) : 120 123 124 -------------------------------------------------------------------------------- * 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 1.086 for 2003 and the revised factor is 1.069 for 2002. 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 2003 With Comparisons -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 1/ : 2002 : 2003 :----------------------------------------------------- : 2002 : 2003 : Jan : Dec : Jan -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 66.9 66.9 117 121 122 : Feed : 11.3 11.3 108 *117 118 Feed Grains : 1.6 1.6 86 *102 100 Complete Feeds : 5.5 5.5 111 *122 122 Hay/Forages : 1.4 1.4 120 120 121 Concentrates : 1.8 1.8 105 *107 106 Supplements : 0.9 0.9 123 *134 136 Livestock & Poultry : 6.8 6.8 109 109 105 Feeder Cattle : 5.3 5.3 102 105 99 Feeder Pigs : 0.5 0.5 138 *126 137 Milk Cow Replacements : 0.6 0.6 143 126 121 Poultry : 0.4 0.4 109 109 109 Seeds : 3.1 3.1 134 144 144 Field Crops : 2.8 2.8 136 147 147 Grasses/Legumes : 0.3 0.3 118 118 118 Fertilizer : 4.7 4.7 108 113 114 Mixed Fertilizer : 2.1 2.1 105 104 104 Nitrogen : 2.0 2.0 111 *123 127 Potash & Phosphate : 0.7 0.7 106 109 109 Agricultural Chemicals : 3.9 3.9 120 *120 123 Herbicides : 2.5 2.5 112 *114 118 Insecticides : 0.9 0.9 139 *137 138 Fungicides/Other : 0.6 0.6 120 119 119 Fuels : 2.7 2.7 83 *124 130 Diesel : 1.5 1.5 84 *124 129 Gasoline : 0.8 0.8 81 *109 114 LP Gas : 0.4 0.4 87 *153 164 Farm Supplies & Repairs : 5.5 5.5 129 *132 132 Supplies : 1.8 1.8 121 124 124 Repairs : 3.7 3.7 133 135 135 Autos & Trucks : 1.7 1.7 118 117 117 Autos : 0.2 0.2 112 *110 110 Trucks : 1.5 1.5 119 *117 118 Farm Machinery : 4.0 4.0 146 *145 145 Tractors : 0.9 0.9 140 140 140 Self-Propelled : 1.6 1.6 145 142 142 Other Machinery : 1.5 1.5 151 152 152 Building Materials : 3.1 3.1 121 *122 122 Farm Services : 12.3 12.3 120 120 121 Custom Rates : 1.3 1.3 120 120 120 Other Services : 11.1 11.1 120 120 121 Rent : 7.7 7.7 119 119 120 Cash : 4.2 4.2 143 143 145 Share : 3.6 3.6 91 91 91 Interest : 4.8 4.8 109 109 104 Taxes : 3.0 3.0 126 126 128 Wage Rates : 7.3 7.3 155 154 154 Family Living-CPI : 18.0 18.0 131 134 134 -------------------------------------------------------------------------------- * Revised. 1/ Weights may not add due to rounding. Feed Price Ratios: United States, January 2003 with Comparisons -------------------------------------------------------------------------------- : 2002 : 2003 Feed Price Ratio 1/ :----------------------------- : Jan : Dec : Jan -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 7.4 4.7 5.7 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 10.2 *9.6 10.0 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 19.1 13.1 14.0 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 3.03 *2.43 2.47 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 36.1 *32.4 34.2 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 7.2 *6.3 5.9 -------------------------------------------------------------------------------- 1/ Effective April 1999, 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 2003 with Comparisons -------------------------------------------------------------------------------- : : 2002 : 2003 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.370 0.290 0.350 Eggs, Market : Doz : 0.450 0.519 0.529 : : Hogs, All : Cwt : 37.70 *30.30 31.80 Milk, All : Cwt : 13.40 11.90 11.80 : : Steers and Heifers : Cwt : 71.20 *75.10 77.60 Turkeys, Live : Lb : 0.341 0.384 0.346 : : Corn : Bu : 1.97 *2.32 2.27 Hay, Alfalfa, Baled : Ton : 101.00 100.00 97.60 : : Soybeans : Bu : 4.22 *5.46 5.38 Wheat, All : Bu : 2.87 *4.06 3.66 -------------------------------------------------------------------------------- * Revised. Feeder Livestock: Prices Paid, United States January 2003 with Comparisons -------------------------------------------------------------------------------- : : 2002 : 2003 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- : : Dollars Feeders and Stockers : : Cattle and Calves : Cwt : 86.70 89.20 84.00 Feeder Pigs : Cwt : 127.00 *116.00 126.00 -------------------------------------------------------------------------------- * Revised. 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 :-------------------------------------------------------------- : 2001 : 2002 : 2001 : 2002 : 2001 : 2002 -------------------------------------------------------------------------------- : Dollars per Month : AZ : 7.00 7.30 9.75 7/ 7.20 7.80 : CA : 13.00 12.80 16.00 16.50 13.50 14.00 : CO : 11.90 12.60 14.20 14.90 12.30 12.80 : ID : 11.50 11.70 13.40 13.70 12.00 12.20 : KS : 12.50 13.00 15.50 16.00 12.50 13.00 : MT : 14.90 15.10 16.70 17.30 16.00 16.30 : NE : 20.60 20.90 24.60 25.00 21.50 22.00 : NV : 10.00 10.50 13.00 11.50 10.70 11.50 : NM : 10.20 8.80 12.50 10.70 10.50 9.90 : ND : 10.30 12.50 12.20 13.50 12.50 12.00 : OK : 8.00 7.50 9.00 8.50 7.50 7.50 : OR : 12.10 11.80 12.80 12.60 9.50 10.20 : SD : 15.70 16.90 18.30 19.10 17.20 18.00 : TX : 8.50 9.00 9.50 10.00 9.00 9.20 : UT : 11.00 11.60 14.00 13.70 11.50 12.10 : WA : 9.10 9.60 11.80 11.00 10.20 9.60 : WY : 12.90 13.50 15.00 15.60 13.10 14.00 : 17-State 3/ : 11.90 12.30 13.90 14.20 12.40 12.70 : 16-State 4/ : 13.10 13.50 15.50 15.80 13.70 14.00 : 11-State 5/ : 12.30 12.50 14.50 14.60 12.60 13.00 : 9-State 6/ : 11.70 12.20 13.70 14.10 12.30 12.60 -------------------------------------------------------------------------------- 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. 7/ Insufficient data. *************************************************************************** * The data presented in the following tables are calculated and published * * for use by the Forest Service, USDA and the Bureau of Land Management, * * USDI in computing Public Land Grazing Fees. * **************************************************************************** 2002 Prices Paid Index for Beef Cattle Production (1964-68=100): 559 1/ The Index of Prices Paid by Farmers and Ranchers for Beef Cattle Production input items is for the period of November 2001 through October 2002. 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 States, 2002 1/ ------------------------------------------------------------------------------ State : Beef Cattle ------------------------------------------------------------------------------ : Dollars Per Cwt : 9 Great Plains States 2/ : 69.12 11 Western States 3/ : *66.76 16 Western States 4/ : 68.69 17 Western States 5/ : 68.15 ------------------------------------------------------------------------------ 1/ Average for November 2001 through October 2002, 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. */ Revised. Prices Paid Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : 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 : 1999 :1522 1521 1521 1529 1525 1528 1522 1525 1533 1543 1546 1553 1531 2000 :1567 1577 1585 1587 1589 1594 1593 1583 1596 1611 1616 1626 1594 2001 :1658 1654 1649 1649 1648 1650 1643 1645 1647 1639 1629 1623 1644 2002 :1630 1631 1637 1642 1638 1641 1646 1654 1663 1670 1667 1673 1649 2003 :1674 1674 : : 1990-92 = 100 : 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 : 125 124 124 124 124 124 123 124 124 123 122 122 124 2002 : 122 123 123 123 123 123 124 124 125 125 125 126 124 2003 : 126 126 : : Items Used for Production, Interest, Taxes, and Wage Rates : (PITW) : : 1910-14 = 100 : 1999 :1513 1513 1511 1519 1513 1517 1509 1512 1519 1531 1534 1543 1520 2000 :1560 1569 1576 1579 1580 1585 1583 1570 1585 1602 1609 1620 1585 2001 :1657 1650 1643 1642 1640 1641 1634 1636 1637 1629 1617 1611 1636 2002 :1619 1618 1624 1628 1623 1626 1631 1641 1650 1659 1655 1664 1636 2003 :1665 1665 : : 1990-92 = 100 : 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 : 123 123 122 122 122 122 122 122 122 121 120 120 122 2002 : 121 120 121 121 121 121 121 122 123 123 123 124 122 2003 : 124 124 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Items Used for Production : : 1910-14 = 100 : 1999 :1070 1069 1068 1076 1072 1075 1072 1074 1081 1088 1090 1098 1078 2000 :1102 1110 1116 1119 1120 1124 1125 1114 1127 1136 1142 1152 1124 2001 :1176 1170 1164 1169 1167 1168 1162 1164 1165 1152 1142 1136 1161 2002 :1139 1138 1143 1149 1144 1148 1157 1165 1174 1175 1172 1179 1157 2003 :1182 1182 : : 1990-92 = 100 : 1999 : 110 110 110 111 110 111 111 111 111 112 112 113 111 2000 : 114 114 115 115 115 116 116 115 116 117 118 119 116 2001 : 121 121 120 120 120 120 120 120 120 119 118 117 120 2002 : 117 117 118 118 118 118 119 120 121 121 121 121 119 2003 : 122 122 : : Feed : : 1910-14 = 100 : 1999 : 509 503 491 498 493 487 474 475 477 475 475 478 486 2000 : 480 492 499 497 513 506 490 469 484 495 504 529 496 2001 : 545 529 520 517 518 521 529 542 538 533 532 534 530 2002 : 529 524 530 534 533 543 562 576 587 577 571 573 553 2003 : 574 574 : : 1990-92 = 100 : 1999 : 104 103 101 102 101 100 97 97 98 97 97 98 100 2000 : 98 101 102 102 105 104 100 96 99 101 103 108 102 2001 : 112 108 107 106 106 107 108 111 110 109 109 109 109 2002 : 108 107 109 109 109 111 115 118 120 118 117 117 113 2003 : 118 118 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Poultry : : 1910-14 = 100 : 1999 :1154 1199 1177 1180 1142 1185 1177 1156 1203 1288 1339 1404 1217 2000 :1417 1391 1374 1428 1373 1381 1423 1372 1344 1415 1436 1465 1402 2001 :1417 1386 1398 1439 1402 1441 1453 1439 1429 1445 1372 1400 1418 2002 :1392 1404 1359 1300 1249 1211 1222 1243 1258 1285 1338 1392 1304 2003 :1337 1337 : : 1990-92 = 100 : 1999 : 90 94 92 92 89 93 92 90 94 101 105 110 95 2000 : 111 109 107 112 107 108 111 107 105 111 112 115 110 2001 : 111 108 109 113 110 113 114 113 112 113 107 110 111 2002 : 109 110 106 102 98 95 96 97 98 101 105 109 102 2003 : 105 105 : : Seeds : : 1910-14 = 100 : 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 1329 1426 1426 1426 1426 1426 1426 1426 1426 1426 1402 2003 :1426 1426 : : 1990-92 = 100 : 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 : 134 134 134 144 144 144 144 144 144 144 144 144 142 2003 : 144 144 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fertilizer : : 1910-14 = 100 : 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 : 497 513 513 495 473 452 436 421 412 403 398 393 450 2002 : 394 395 394 391 394 400 399 400 399 403 409 414 399 2003 : 418 418 : : 1990-92 = 100 : 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 : 135 140 140 135 129 123 119 115 113 110 108 107 123 2002 : 108 108 107 107 107 109 109 109 109 110 112 113 109 2003 : 114 114 : : Agricultural Chemicals : : 1910-14 = 100 : 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 : 761 748 746 747 747 745 743 741 739 739 742 739 745 2002 : 739 731 735 733 733 733 733 732 732 725 724 742 733 2003 : 760 760 : : 1990-92 = 100 : 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 : 123 121 121 121 121 120 120 120 120 120 120 120 120 2002 : 120 118 119 119 118 118 118 118 118 117 117 120 118 2003 : 123 123 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fuels : : 1910-14 = 100 : 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 1044 1004 861 889 985 807 744 608 915 2002 : 644 661 783 878 853 838 870 903 1000 1076 956 955 868 2003 :1000 1000 : : 1990-92 = 100 : 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 : 137 135 123 127 135 130 112 115 128 105 96 79 119 2002 : 83 86 101 114 110 109 113 117 130 139 124 124 112 2003 : 130 130 : : Farm Supplies and Repairs : : 1910-14 = 100 : 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 : 896 895 896 900 905 906 911 912 912 912 914 913 906 2002 : 915 918 917 925 927 927 930 929 930 934 933 933 927 2003 : 933 933 : : 1990-92 = 100 : 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 : 126 126 126 127 128 128 128 128 128 129 129 129 128 2002 : 129 129 129 130 131 131 131 131 131 132 131 132 131 2003 : 132 132 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Autos and Trucks : : 1910-14 = 100 : 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 :3146 3107 3093 3086 3073 3061 3054 3041 3059 3076 3093 3099 3082 2003 :3104 3104 : : 1990-92 = 100 : 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 : 118 117 116 116 116 115 115 114 115 116 116 117 116 2003 : 117 117 : : Farm Machinery : : 1910-14 = 100 : 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 3588 3593 3600 3607 3627 3643 3649 3654 3601 2002 :3667 3674 3694 3700 3700 3697 3700 3701 3661 3647 3650 3650 3678 2003 :3649 3649 : : 1990-92 = 100 : 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 : 141 142 142 143 143 143 144 144 145 145 145 146 144 2002 : 146 146 147 147 148 147 148 148 146 145 146 145 147 2003 : 145 145 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Building Materials : : 1910-14 = 100 : 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 1649 1643 1642 1639 1646 2002 :1642 1642 1647 1652 1655 1656 1658 1669 1665 1659 1652 1652 1654 2003 :1652 1652 : : 1990-92 = 100 : 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 : 121 121 121 122 122 122 122 123 123 122 122 122 122 2003 : 122 122 : : Farm Services and Rent 2/ : : 1910-14 = 100 : 1999 :1358 1359 1359 1359 1361 1368 1370 1369 1371 1367 1364 1365 1364 2000 :1365 1367 1369 1369 1369 1379 1381 1381 1382 1377 1374 1375 1374 2001 :1413 1413 1416 1416 1418 1430 1434 1432 1430 1423 1417 1417 1422 2002 :1422 1422 1421 1420 1421 1432 1432 1433 1432 1425 1424 1424 1426 2003 :1435 1435 : : Farm Services : : 1990-92 = 100 : 1999 : 115 115 115 115 115 116 116 116 116 116 115 116 116 2000 : 117 118 118 118 118 119 119 119 120 119 118 119 119 2001 : 120 120 120 120 120 122 122 122 122 121 120 120 121 2002 : 120 120 120 119 120 121 121 121 121 120 120 120 120 2003 : 121 121 : : Rent : : 1990-92 = 100 : 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 : 119 119 119 119 119 119 119 119 119 119 119 119 119 2003 : 120 120 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. 2/ For the 1990-92=100 base period, the Farm Services and Rent Index is separated. Prices Paid Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Interest : : 1910-14 = 100 : 1999 :2663 2663 2663 2663 2663 2663 2663 2663 2663 2663 2663 2663 2663 2000 :2825 2825 2825 2825 2825 2825 2825 2825 2825 2825 2825 2825 2825 2001 :2845 2845 2845 2845 2845 2845 2845 2845 2845 2845 2845 2845 2845 2002 :2728 2728 2728 2728 2728 2728 2728 2728 2728 2728 2728 2728 2728 2003 :2599 2599 : : 1990-92 = 100 : 1999 : 106 106 106 106 106 106 106 106 106 106 106 106 106 2000 : 113 113 113 113 113 113 113 113 113 113 113 113 113 2001 : 114 114 114 114 114 114 114 114 114 114 114 114 114 2002 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2003 : 104 104 : : Taxes : : 1910-14 = 100 : 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 3378 3378 3378 3378 3378 3378 3378 3378 3378 3378 3378 2003 :3426 3426 : : 1990-92 = 100 : 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 : 126 126 126 126 126 126 126 126 126 126 126 126 126 2003 : 128 128 : : Wage Rates : : 1910-14 = 100 : 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 5550 5550 5550 5468 2002 :5796 5796 5796 5705 5705 5705 5537 5537 5537 5770 5770 5770 5702 2003 :5770 5770 : : 1990-92 = 100 : 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 : 155 155 155 153 153 153 148 148 148 154 154 154 152 2003 : 154 154 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Family Living : : 1910-14 = 100 : 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 :1682 1689 1698 1708 1708 1709 1711 1716 1719 1722 1722 1718 1708 2003 :1718 1718 : : 1990-92 = 100 : 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 : 131 132 133 133 133 133 134 134 134 134 134 134 133 2003 : 134 134 : : Production Items With Farm Origin 2/ : : 1990-92 = 100 : 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 : 113 111 110 112 111 113 114 115 114 114 112 113 113 2002 : 112 112 112 112 111 111 113 115 117 116 117 119 114 2003 : 117 117 : : Production Items With Non-Farm Origin 3/ : : 1990-92 = 100 : 1999 : 114 114 114 116 116 116 116 117 117 117 117 117 116 2000 : 117 118 119 119 119 120 120 120 121 122 122 122 120 2001 : 125 125 125 124 124 124 123 122 123 121 120 119 123 2002 : 120 120 121 121 121 122 122 122 123 123 122 123 122 2003 : 124 124 -------------------------------------------------------------------------------- 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, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Parity Ratio 2/ : : 1910-14 = 100 : 1999 : 40 40 41 40 41 40 39 41 40 37 38 38 40 2000 : 37 37 38 40 40 39 38 39 39 37 39 38 38 2001 : 37 38 40 41 42 41 42 42 41 37 37 36 40 2002 : 37 39 41 37 38 38 39 39 38 36 37 37 38 2003 : 38 38 : : Adjusted Parity Ratio 3/ : : 1910-14 = 100 : 1999 : 45 45 45 45 45 45 44 46 44 42 43 42 44 2000 : 41 42 43 45 45 44 43 43 43 41 43 43 43 2001 : 41 42 44 45 46 46 46 47 45 40 40 40 44 2002 : 40 41 44 39 40 41 41 42 41 39 40 40 41 2003 : 41 41 : : Ratio : : 1990-92 = 100 : 1999 : 85 84 85 84 85 84 83 85 83 78 80 79 83 2000 : 76 78 80 84 84 82 81 81 81 77 81 80 80 2001 : 78 81 83 85 87 86 88 89 85 77 77 76 83 2002 : 78 80 86 77 80 80 81 81 80 77 78 78 80 2003 : 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 Indexes: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Crop Sector (PPITW) : : 1990-92 = 100 : 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 : 127 127 127 127 127 126 126 125 126 125 125 124 126 2002 : 125 125 125 126 126 126 126 126 127 128 127 128 126 2003 : 128 128 : : Livestock Sector (PPITW) : : 1990-92 = 100 : 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 : 122 121 120 121 121 121 121 121 121 121 120 120 121 2002 : 120 120 120 120 120 120 121 122 123 123 123 124 121 2003 : 123 123 : : Commodities and Services, Interest, Taxes, and Wage Rates : : Adjusted for Productivity : : 1910-14 = 100 : 1999 :1049 1049 1049 1048 1047 1048 1037 1038 1041 1053 1054 1055 1047 2000 :1079 1083 1086 1086 1087 1089 1083 1081 1084 1103 1104 1105 1089 2001 :1136 1137 1136 1122 1123 1124 1121 1121 1123 1134 1131 1129 1128 2002 :1145 1146 1149 1145 1144 1145 1134 1137 1139 1156 1156 1156 1146 2003 :1149 1149 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Feed Sub-Components : : Feed Grains : 1990-92 = 100 : 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 84 85 83 84 88 94 104 107 103 101 102 93 2003 : 100 100 : : Complete Feeds : 1990-92 = 100 : 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 : 114 112 109 107 106 107 108 113 112 112 111 112 110 2002 : 111 110 111 112 111 114 117 119 122 122 121 122 116 2003 : 122 122 : : Hay and Forages : 1990-92 = 100 : 1999 : 104 105 103 104 112 104 102 101 100 99 99 96 102 2000 : 97 99 100 102 109 108 105 104 107 108 109 109 105 2001 : 110 113 117 124 130 122 121 123 124 123 123 123 121 2002 : 120 118 119 125 129 121 120 119 122 120 121 120 121 2003 : 121 121 : : Concentrates : 1990-92 = 100 : 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 : 122 107 104 104 107 115 117 116 111 110 109 103 110 2002 : 105 102 105 104 106 109 120 122 123 112 108 107 110 2003 : 106 106 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Supplements : 1990-92 = 100 : 1999 : 115 116 114 118 115 113 111 112 115 112 112 118 114 2000 : 118 120 119 117 116 113 111 110 112 115 116 123 116 2001 : 127 124 119 119 116 117 117 120 121 119 124 125 121 2002 : 123 124 124 123 118 123 126 127 126 132 132 134 126 2003 : 136 136 : : Livestock and Poultry Sub-Components : : Feeder Cattle : 1990-92 = 100 : 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 : 102 103 99 95 92 91 94 96 98 100 102 105 98 2003 : 99 99 : : Feeder Pigs : 1990-92 = 100 : 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 : 138 146 138 111 88 59 52 46 40 73 102 126 93 2003 : 137 137 : : Milk Cow Replacements : 1990-92 = 100 : 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 : 117 117 117 124 124 124 141 141 141 151 151 151 133 2002 : 143 143 143 152 152 152 148 148 148 126 126 126 142 2003 : 121 121 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Poultry : 1990-92 = 100 : 1999 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2000 : 107 107 107 107 107 107 107 107 107 107 107 107 107 2001 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2002 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2003 : 109 109 : : Seeds Sub-Components : : Field Crops : 1990-92 = 100 : 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 : 136 136 136 147 147 147 147 147 147 147 147 147 144 2003 : 147 147 : : Grasses and Legumes : 1990-92 = 100 : 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 : 118 118 118 118 118 118 118 118 118 118 118 118 118 2003 : 118 118 : : Fertilizer Sub-Components : : Mixed Fertilizer : 1990-92 = 100 : 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 : 109 111 111 111 111 110 110 109 107 106 106 106 109 2002 : 105 104 104 104 104 104 104 104 104 104 104 104 104 2003 : 104 104 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Nitrogen : 1990-92 = 100 : 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 : 171 180 179 167 155 142 133 124 121 115 112 111 143 2002 : 111 111 110 110 111 115 115 115 114 116 120 123 114 2003 : 127 127 : : Potash and Phosphate : 1990-92 = 100 : 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 : 110 111 113 113 110 108 107 106 105 106 107 100 108 2002 : 106 109 109 108 107 108 107 108 109 110 110 109 108 2003 : 109 109 : : Agricultural Chemicals Sub-Components : : Herbicides : 1990-92 = 100 : 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 : 111 112 112 112 112 112 112 112 112 112 113 113 112 2002 : 112 111 112 112 111 111 111 111 111 109 110 114 111 2003 : 118 118 : : Insecticides : 1990-92 = 100 : 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 : 159 145 144 144 144 144 143 142 141 140 139 138 144 2002 : 139 138 138 137 137 137 137 137 137 137 136 137 137 2003 : 138 138 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fungicides and Other : 1990-92 = 100 : 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 : 120 120 121 121 121 121 121 120 120 120 120 120 120 2002 : 120 120 119 119 119 119 119 119 119 119 119 119 120 2003 : 119 119 : : Fuels Sub-Components : : Diesel : 1990-92 = 100 : 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 : 139 132 119 123 133 129 116 117 131 108 102 80 119 2002 : 84 86 100 110 107 105 111 115 131 142 123 124 111 2003 : 129 129 : : Gasoline : 1990-92 = 100 : 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 : 117 116 109 124 137 126 105 113 127 98 86 76 111 2002 : 81 85 103 118 114 113 116 117 119 132 117 109 110 2003 : 114 114 : : LP Gas : 1990-92 = 100 : 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 : 175 187 166 151 143 144 105 113 115 103 95 78 131 2002 : 87 88 107 121 118 114 115 126 144 146 143 153 122 2003 : 164 164 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Supplies & Repairs Sub-Components : : Supplies : 1990-92 = 100 : 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 : 119 119 119 119 122 122 122 122 123 122 122 122 121 2002 : 121 122 122 123 124 124 124 124 124 124 124 124 123 2003 : 124 124 : : Repairs : 1990-92 = 100 : 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 : 130 130 130 130 130 130 131 131 131 132 132 132 131 2002 : 133 133 133 134 134 134 134 134 134 135 135 135 134 2003 : 135 135 : : Autos and Trucks Sub-Components : : Autos : 1990-92 = 100 : 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 : 112 111 111 110 110 109 109 108 109 109 110 110 110 2003 : 110 110 : : Trucks : 1990-92 = 100 : 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 : 119 118 117 117 116 116 116 115 116 117 117 117 117 2003 : 118 118 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Machinery Sub-Components : : Tractors : 1990-92 = 100 : 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 : 138 138 138 138 138 138 138 138 139 139 140 140 139 2002 : 140 140 140 140 140 140 140 140 140 140 140 140 140 2003 : 140 140 : : Self Propelled : 1990-92 = 100 : 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 : 141 142 142 143 143 143 143 143 145 145 145 145 143 2002 : 145 146 146 147 147 147 147 147 143 142 142 142 145 2003 : 142 142 : : Other Machinery : 1990-92 = 100 : 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 : 144 144 144 145 146 146 147 147 148 149 150 150 147 2002 : 151 151 152 153 153 153 153 153 152 152 152 152 152 2003 : 152 152 : : Farm Services Sub-Components : : Custom Rates : 1990-92 = 100 : 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 : 120 120 120 120 120 120 120 120 120 120 120 120 120 2003 : 120 120 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 1999-2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Services : 1990-92 = 100 : 1999 : 115 115 115 115 115 116 116 116 117 116 115 116 116 2000 : 117 117 118 118 118 119 119 119 120 119 118 118 118 2001 : 119 119 120 120 120 122 122 122 122 121 120 120 121 2002 : 120 120 120 119 120 121 121 121 121 120 120 120 120 2003 : 121 121 : : Rent Sub-Components : : Cash : 1990-92 = 100 : 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 : 143 143 143 143 143 143 143 143 143 143 143 143 143 2003 : 145 145 : : Share : 1990-92 = 100 : 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 91 91 91 91 91 91 91 91 91 91 91 2003 : 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 Dave DeWalt - Cotton, Cottonseed (202) 720-5944 Herman Ellison - Oilseeds (202) 720-7369 Lance Honig - Wheat, Rye (202) 720-8068 Darin Jantzi - Corn, Proso Millet (202) 720-7235 Troy Joshua - Hay, Oats (202) 690-3234 Roy Karkosh - Sugarcane, Sugarbeets, Barley, Sorghum(202) 690-8140 Mark R. Miller - Peanuts, Rice (202) 720-7688 Fruit and Vegetable Section Jim Smith, Head (202) 720-2127 Arvin Budge - Potatoes, Dry Beans (202) 720-4285 Kathy Broussard - Citrus (202) 720-5412 Debbie Flippin - Peaches, Pears, Hops, Pulse crops, Mint(202) 720-3250 Terry O'Connor - Apples, Cherries, Apricots, Cranberries(202) 720-4288 Mike Miller - Grapes, Tobacco (202) 720-7235 Biz Wallingsford - Vegetables, Onions, 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 (202) 720-3040 Scott Hollis - Sheep (202) 720-4751 Ty Kalaus - Milk, Milk Cows (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 Rhonda Brandt - Prices Received Indexes, Parity Prices(202) 720-5446 The next "Agricultural Prices" report will be released at 3:00 p.m. ET on February 28, 2003 The United States Department of Agriculture (USDA) prohibits discrimination in all its programs on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (braille, large print, audiotape, etc.) should contact the USDA's TARGET Center at 202-720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C., 20250-9410, or call 202-720-5964 (voice or TDD). USDA is an equal opportunity provider and employer. ACCESS TO REPORTS!! For your convenience, there are several ways to obtain NASS reports, data products, and services: INTERNET ACCESS All NASS reports are available free of charge on the worldwide Internet. For access, connect to the Internet and go to the NASS Home Page at: http:/www.usda.gov/nass/. Select "Today's Reports" or Publications and then Reports Calendar or Publications and then Search, by Title or Subject. 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Note experts, industry leaders and producers will discuss many facets of competing in domestic and world markets. The program will examine growing competition from Central and Eastern Europe, Brazil and Asia, as well as progress in WTO negotiations. Focus sessions will highlight many challenges producers face in the competitive arena, ranging from the growing complexity and cost of regulation, to dealing with food safety and changing eating habits. As always, leading analysts will be on hand to debate planting, trade and price prospects for farm commodities for the year ahead. Attendees will receive new 10-year commodity projections from USDA. Networking opportunities abound at the Forum, which attracted 1,400 attendees last February. Register now for the best value. See full details at www.usda.gov/oce. www.usda.gov/oce agforum@oce.usda.gov (877) 891-2208 toll free