Pr 1 (1-04)b Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released January 30, 2004, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Agricultural Prices" see page 88, office hours 7:30 a.m. to 4:00 p.m. ET. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Update Alert December 2, 2004 Grapes, Excl Raisin Varieties Dried, Adjusted Base Price was corrected to $68.20 from $44.20 and the Parity Price was corrected to $1,180.00 from $764.00 on pages 27 and 34. February 10, 2004 The September 2003 All Farm Products prices received index was corrected to 110 on pages 5 and 48. The May 2003 All Crops prices received index was corrected to 116 on page 48. Prices received index charts were corrected on pages 7-9. The January 2004 PPITW index (1910-14=100) was corrected to 1729 on pages 59 and 67. The January 2004 PITW index (1910-14=100) was corrected to 1725 on pages 59 and 67. The January 2004 Items Used for Production index (1910-14=100) was corrected to 1230 on pages 59 and 68. The January 2004 Feed index (1990-92=100) was corrected to 123 on pages 60 and 68. The January 2004 Feed index (1910-14=100) was corrected to 599 on page 68. The January 2004 Feed Grains index was corrected to 107 on pages 60 and 78. All January 2004 Feed Price Ratios on page 64 were corrected. The January 2004 Corn price was corrected to 2.46 on page 64. Many of the January 2004 Parity Prices were corrected on pages 26-27 and 33- 36 as a result of the PPITW changing. The January 2004 Manufacturing Milk Parity Price Equivalent was corrected to $30.83 on page 25. Footnote four was corrected on page 37. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX January Farm Prices Received Index Down 2 Points From Last Month The preliminary All Farm Products Index of Prices Received by Farmers in January, at 111, based on 1990-92=100, is 2 points (1.8 percent) below the December Index. The Livestock Products Index is down 5 points (4.5 percent) from December while the All Crops Index is unchanged. Lower prices received for cattle, lettuce, milk, and tomatoes more than offset higher commodity prices for broilers, soybeans, corn, and eggs. The seasonal change in the mix of commodities farmers sell, based on the past 3-year average, also affects the overall index. Increased average marketings of cattle, soybeans, corn, and strawberries offset decreased marketings of cotton, grapes, tobacco, and cottonseed. This preliminary All Farm Products Index is up 11 points (11 percent) from January 2003. The Food Commodities Index, at 112, is 3 points (2.6 percent) below last month but 14 points (14 percent) above January 2003. Prices Paid Index Unchanged The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 130 percent of the 1990-92 average. The index is unchanged from December but 4 points (3.2 percent) above January 2003. Lower prices in January for feeder cattle, feed concentrates, herbicides, and insecticides offset higher prices paid for complete feeds, nitrogen fertilizers, feed grains, and LP gas. Index Summary Table -------------------------------------------------------------------------------- : 2002 : 2003 : 2004 Index :-------------------------------------------------------------- 1990-92=100 : Dec : Jan : Dec : Jan -------------------------------------------------------------------------------- : Prices Received : 100 100 113 111 : Prices Paid : 125 126 130 130 : Ratio 1/ : 80 79 87 85 -------------------------------------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid by farmers. Prices Received by Farmers The January All Farm Products Index is 111 percent of its 1990-92 base, down 1.8 percent from the December index but up 11 percent from the January 2003 index. ALL CROPS: The index is 115, unchanged from December but 12 percent above January 2003. Index increases from December for feed grains and hay, oil-bearing crops, potatoes and dry beans, and other crops offset index decreases for commercial vegetables, fruits and nuts, tobacco, and cotton. Food Grains: The index, at 122, unchanged from the previous month but 4.3 percent above a year ago. The January all wheat price, at $3.73 per bushel, is up 4 cents from December but 16 cents below January 2003. The rice price, at $7.71 per cwt., is up 14 cents from December and $3.05 above a year ago. Feed Grains & Hay: The index is 107, up 2.9 percent from last month and 1.9 percent above January 2003. The corn price, at $2.46 per bushel, is up 14 cents from December and 13 cents above a year ago. The all hay price, at $79.30 per ton, is $2.00 below December and $12.10 below last January. Grain sorghum, at $4.44 per cwt, is up 23 cents from December and 32 cents above January last year. Oil-Bearing Crops: The index, at 139, is up 10 percent from December and 40 percent above the same month last year. The soybean price, at $7.82 per bushel, increased 65 cents from December and is $2.31 above January 2003. Cotton: The index, at 105, is down 0.9 percent from December but 40 percent above January 2003. The January price, at 63.8 cents per pound, is down 0.3 cents from the previous month but 18.3 cents above last January. Potatoes & Dry Beans: The index, at 97, is up 2.1 percent from December but 10 percent below a year ago. The all potato price, at $5.70 per cwt, is up 10 cents from December but 97 cents below last January. The all dry bean price, at $17.40 per cwt, is up 20 cents from the previous month and $1.00 above January 2003. Fruit & Nuts: The fruit and nut index, at 88, is down 4.3 percent from the previous month but 8.6 percent above January 2003. Since December, prices decreased for grapefruit, lemons, tangelos, pears. Commercial Vegetables: The index, at 138, is down 15 percent from last month but up 20 percent from last January. Price decreases during January for broccoli, cauliflower, lettuce, and tomatoes more than offset price increases for celery, cucumbers, onions, and snap beans. LIVESTOCK & PRODUCTS: The index, at 107, is down 4.5 percent from last month but up 11 percent from January 2003. Compared with a year ago, prices are higher for broilers, all cattle, dairy, eggs, calves, hogs, and turkeys. Meat Animals: The index, at 100, is down 9.9 percent from last month but up 7.5 percent from last year. The January hog price of $35.70 per cwt is up $1.50 from December and $2.70 from a year ago. The January beef cattle price of $77.40 is down $13.10 from last month but up $4.20 from January 2003. Dairy Products: The index, at 100, is down 4.8 percent from December but 11 percent above January 2003. The January all milk price of $13.10 per cwt is down 60 cents from December but up $1.40 from last year. The fluid grade milk price is down 70 cents from last month while the manufactured grade milk price is down 20 cents. Poultry & Eggs: The index, at 133, is up 9.9 percent from December and 23 percent above a year ago. January market egg prices, at 80.6 cents per dozen, increased 6.7 cents from December reflecting a seasonal increase and a strong demand for proteins. The January broiler price, at 43.0 cents per pound, is up 5.0 cents per pound from December. The highest broiler price since October 1998 is due to sharp decreases in international supplies. January turkey prices, averaging 34.9 cents per pound, are down 2.8 cents from the previous month. Table of Contents U.S. Prices Received and Indexes Page Narrative . . . . . . . . . . . . . . . . . . . . . . . . 2 Price Indexes . . . . . . . . . . . . . . . . . . . . . . 5 Price Index Charts . . . . . . . . . . . . . . . . . . . . 6 U.S. Prices Received Summary . . . . . . . . . . . . . . . 10 Charts . . . . . . . . . . . . . . . . . . . . . . . . . 12 Selected Commodities . . . . . . . . . . . . . . . . . 16 Upland Cotton & Rice Marketings . . . . . . . . . . . 19 Parity Prices . . . . . . . . . . . . . . . . . . . . . 26 Reliability Statement . . . . . . . . . . . . . . . . . 57 Monthly State Prices Received Apples . . . . . . . . . . . . . . . . . . . . . . . . . 19 Barley . . . . . . . . . . . . . . . . . . . . . . . . . 17 Beans, Dry Edible . . . . . . . . . . . . . . . . . . . 18 Beef Cattle, All . . . . . . . . . . . . . . . . . . . . 22 Calves . . . . . . . . . . . . . . . . . . . . . . . . 22 Cows, Beef . . . . . . . . . . . . . . . . . . . . . . 22 Milk Cows . . . . . . . . . . . . . . . . . . . . . 25 Steers and Heifers . . . . . . . . . . . . . . . . . . 22 Corn . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Monthly State Prices, continued Page Cotton . . . . . . . . . . . . . . . . . . . . . . . . . 19 Cottonseed . . . . . . . . . . . . . . . . . . . . . . . 19 Eggs . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Flaxseed . . . . . . . . . . . . . . . . . . . . . . . . 18 Fruit, Citrus . . . . . . . . . . . . . . . . . . . . . 20 Hay . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Hogs, All . . . . . . . . . . . . . . . . . . . . . . . 23 Barrows and Gilts . . . . . . . . . . . . . . . . . . 23 Sows . . . . . . . . . . . . . . . . . . . . . . . . . 23 Milk . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Oats . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Peanuts . . . . . . . . . . . . . . . . . . . . . . . . 18 Potatoes . . . . . . . . . . . . . . . . . . . . . . . . 21 Sheep . . . . . . . . . . . . . . . . . . . . . . . . . 24 Lambs . . . . . . . . . . . . . . . . . . . . . . . . 24 Sorghum, Grain . . . . . . . . . . . . . . . . . . . . . 17 Soybeans . . . . . . . . . . . . . . . . . . . . . . . . 17 Sunflowers . . . . . . . . . . . . . . . . . . . . . . . 18 Tobacco . . . . . . . . . . . . . . . . . . . . . . . . 18 Wheat, All Classes . 16Prices Received Special FeaturesPage Crop Marketing Seasons . . . . . . . . . . . . . . . 28 Monthly Price Revisions Apples . . . . . . . . . . . . . . . . . . . . . . . 30 Grapes . . . . . . . . . . . . . . . . . . . . . . . 30 Peaches. . . . . . . . . . . . . . . . . . . . . . . 30 Pears. . . . . . . . . . . . . . . . . . . . . . . . 30 Rice . . . . . . . . . . . . . . . . . . . . . . . . 29 Monthly Marketings Rice. . . . . . . . . . . . . . . . . . . . . . . . . 29 Marketing Year Average Prices Rice . . . . . . . . . . . . . . . . . . . . . . . . 29 Sweet Potatoes . . . . . . . . . . . . . . . . . . . 28 Index of Prices Received: U.S., All Groups, Monthly and Annual, 2000-2004 . . . . . . . . . . . . . . . . . . . . . . . 48 Annual Parity Price Calculations Authority for Parity Prices, Method of Computation and Prices 31 Adjusted Base Prices & January 2004 Parity Prices . . 33 Average Base Period Prices, U.S., 1910-14 . . . . . . 37 Annual Average Prices Received for Parity Computations, U.S., by Years, 1994-2003 . . . . . . . . . . . . . . . . . . . . . . . 38 Parity Price Equivalent for Manufacturing Grade Milk 56 Table of Contents (continued) U.S. Prices Paid, Prices Paid Indexes and Ratios Page Narrative . . . . . . . . . . . . . . . . . . . . . 58 Indexes and Parity Ratios . . . . . . . . . . . . . . 59 Charts . . . . . . . . . . . . . . . . . . . . . . . . 61 Feed Price Ratios . . . . . . . . . . . . . . . . . 64 Reliability Statement . . . . . . . . . . . . . . . 87 U.S. Average Prices Commodity Prices Used in Feed Price Ratios . . . . 64 Feeder Livestock . . . . . . . . . . . . . . . . . 64 Special Features Private Non-Irrigated Grazing Fee Rates for Cattle by Selected States and Regions . . . . . . . . . . . . . . . . . . . . . . 65 Prices Paid Index for Beef Cattle Production . . . 66 Prices Paid Survey Estimates, Month Published and Level 86 Index of Prices Paid: 1910-14=100 and 1990-92=100 Monthly and Annual Average, United States, 1999-2003 . . . . . . . . . . . . . 67-85 PPITW, PITW, Production Items . . . . . . . . . . . . 67-68 Index Component Items, Interest, Taxes, Wage Rates, Farm and Non Farm Origin . . . . . . . . . . . . . . . . . . . . . . . 68-75 Ratios . . . . . . . . . . . . . . . . . . . . . . 76 Crop Sector, Livestock Sector, and PPITW adjusted for Productivity 77 Index Sub-Components (1990-92=100): Monthly and Annual Averages 78-85 Information Contacts . . . . . . . . . . . . . . . 88 Index Numbers of Prices Received, United States, January 2004, with Comparisons -------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2003 : 2004 : 2003 : 2004 :Average :--------------------------------------------- :1990-92 : Jan : Dec : Jan : Jan : Dec : Jan -------------------------------------------------------------------------------- : All Farm Products : 639 632 *720 708 100 *113 111 : All Crops : 500 508 *566 569 103 *115 115 Food Grains : 325 372 *386 389 117 *122 122 Feed Grains & Hay : 363 375 *370 384 105 *104 107 Cotton : 517 385 *542 539 75 *106 105 Tobacco : 1,263 1,817 1,717 1,713 120 114 113 Oil-Bearing Crops : 554 540 *692 758 99 *126 139 Fruits & Nuts : 716 567 *645 612 81 *92 88 Commercial Vegetables : 698 768 *1,082 924 115 *162 138 Potatoes & Dry Beans : 540 549 *481 489 108 95 97 Other Crops : 493 564 *564 569 114 *114 115 : Livestock & Products : 768 734 *858 822 96 *112 107 Meat Animals : 1,021 949 *1,124 1,014 93 *111 100 Dairy Products : 799 719 842 805 90 105 100 Poultry & Eggs : 282 303 339 373 108 121 133 : Food Commodities : 98 *115 112 -------------------------------------------------------------------------------- * Revised. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Months, United States, 2003 and 2004 -------------------------------------------------------------------------------- : Index of Prices Received : Index of Prices Paid :---------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :---------------------------------------------------------------- :2003 :2004 :2003 : 2004 : 2003 :2004 : 2003 :2004 : 2003 : 2004 -------------------------------------------------------------------------------- Jan : 100 111 103 115 96 107 126 130 122 127 Feb : 99 104 95 128 123 Mar : 99 106 93 128 124 Apr : 101 111 93 128 124 May : 106 116 97 127 123 Jun : 107 117 99 128 124 Jul : 105 109 101 127 124 Aug : 109 113 106 127 123 Sep : 110 111 110 129 125 Oct : 113 111 116 130 126 Nov : 117 117 117 130 127 Dec : 113 115 112 130 127 -------------------------------------------------------------------------------- Prices Received, United States, January 2004, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit: 1990-92 : Jan : Dec : Jan : : : 2003 : 2003 : 2004 -------------------------------------------------------------------------------- : : Dollars : : : : Field Crops : : : : Barley, All : Bu : 2.12 2.85 2.94 2.70 Feed : Bu : 1.90 2.17 2.30 2.20 Malting : Bu : 2.43 3.07 3.22 3.00 Beans, Dry Edible : Cwt: 19.10 16.40 17.20 17.40 Chickpeas, All 1/ : Cwt: 14.50 13.90 Large 1/ : Cwt: 14.30 13.90 Small 1/ : Cwt: 16.00 5/ Corn : Bu : 2.30 2.33 2.32 2.46 Cotton, Upland : Lb : 0.606 0.455 0.641 0.638 Cottonseed : Ton: 96.00 105.00 127.00 127.00 : : Flaxseed : Bu : 4.27 5.71 6.22 6.15 Hay, All, Baled 2/ : Ton: 76.30 91.40 81.30 79.30 Alfalfa 2/ : Ton: 77.20 98.50 87.90 83.60 Other 2/ : Ton: 60.00 78.10 66.90 71.40 Lentils 1/ : Cwt: 19.00 18.60 Oats : Bu : 1.22 2.04 1.58 1.50 Peanuts, In-Shell : Lb : 0.304 0.191 0.196 0.206 Peas, Dry Edible 1/ : Cwt: 9.15 8.92 Austrian Winter 1/ : Cwt: 11.40 5/ Potatoes : Cwt: 5.82 6.67 5.60 5.70 : : Rice, Rough : Cwt: 7.07 4.66 7.57 7.71 Sorghum Grain : Cwt: 3.75 4.12 4.21 4.44 Soybeans : Bu : 5.61 5.51 7.17 7.82 Sunflowers, All : Cwt: 9.50 12.10 11.60 12.00 Tobacco, Types 11-37 : Lb : 1.740 2.090 1.975 1.970 : : Wheat, All : Bu : 2.96 3.89 3.69 3.73 Winter : Bu : 2.93 3.66 3.63 3.70 Durum : Bu : 2.86 4.23 3.96 4.03 Other Spring : Bu : 3.11 4.03 3.75 3.73 Hard Red Winter : Bu : 3.66 3.64 Soft Red Winter : Bu : 3.50 3.76 Hard Red Spring : Bu : 4.05 3.76 White : Bu : 3.24 3.73 3.54 : : Fruit : : : : Citrus, Equiv on-tree: : Grapefruit : Box: 5.77 2.19 2.89 2.21 Lemons : Box: 10.10 3.35 3.80 3.30 Oranges : Box: 5.79 3.00 2.44 2.36 Tangelos : Box: 5.82 3.57 4.52 1.60 Tangerines : Box: 15.11 12.16 7.82 13.13 Temples : Box: 6.23 2.84 2.11 : : Noncitrus, Fresh : : Apples 3/ : Lb : 0.212 0.258 0.285 0.301 Grapes 3/ : Ton: 506.00 740.00 Peaches 3/ : Lb : 0.216 Pears 3/ : Ton: 370.00 408.00 392.00 376.00 Strawberries : Lb : 0.560 1.090 1.870 1.830 -------------------------------------------------------------------------------- 1/ Monthly estimates began July 2003. 2/ Mid-month price. 3/ Equivalent packinghouse-door returns for CA, MI, and NY (apples only), and WA (apples, peaches, and pears). Prices as sold for other states. 4/ Price not published to avoid disclosure of individual firms. 5/ Insufficient sales to establish a price. Prices Received, United States, January 2004, with Comparisons (continued) -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit : 1990-92 : Jan : Dec : Jan : : : 2003 : 2003 : 2004 -------------------------------------------------------------------------------- : : Dollars : : : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 98.90 Broccoli : Cwt : 22.50 25.20 52.80 41.60 Cantaloupes 2/ : Cwt : Carrots : Cwt : 13.20 19.30 24.30 24.30 Cauliflower : Cwt : 26.80 24.60 81.50 32.40 Celery : Cwt : 11.60 8.29 15.30 21.50 Corn, Sweet : Cwt : 15.70 29.00 29.90 28.60 Cucumbers 2/ : Cwt : 27.60 19.90 28.60 Lettuce : Cwt : 11.90 12.10 25.70 16.50 Onions : Cwt : 12.80 12.30 16.10 16.80 Snap Beans 2/ : Cwt : 75.30 48.10 80.00 Tomatoes : Cwt : 32.30 47.20 33.70 24.40 : : Livestock : : : : Calves : Cwt : 94.30 96.80 112.00 105.00 Cattle, All Beef : Cwt : 72.90 73.20 90.50 77.40 Cows : Cwt : 49.60 36.90 49.40 45.80 Steers & Heifers : Cwt : 77.10 77.80 95.70 81.20 Milk Cows 3/ : Head: 1,130.00 1,380.00 1,390.00 : : Hogs, All : Cwt : 47.70 33.00 34.20 35.70 Barrows & Gilts : Cwt : 48.40 33.50 34.60 36.10 Sows : Cwt : 39.50 22.20 28.10 28.80 : : Lambs : Cwt : 56.20 92.00 98.40 Sheep : Cwt : 23.40 41.30 44.40 : : Dairy and Poultry : : : : Milk, All 4/ 5/ : Cwt : 13.06 11.70 13.70 13.10 Fluid Grade 5/ : Cwt : 13.10 11.80 13.80 13.10 Mfg Grade 5/ : Cwt : 11.80 10.50 12.70 12.50 : : Broilers, Live 6/ : Lb : 0.317 0.350 0.380 0.430 Eggs, All 7/ : Doz : 0.643 0.636 0.868 0.926 Market 7/ : Doz : 0.546 0.489 0.739 0.806 Turkeys, live 6/ 7/: Lb : 0.380 0.346 0.377 0.349 : : Adjusted for Seasonal : : Variation : : Eggs, All : Doz : 0.545 0.610 0.775 0.874 Milk, All 4/ : Cwt : 9.71 11.82 13.70 13.65 -------------------------------------------------------------------------------- 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/ January 2004 Fat test percent: all milk 3.79, fluid milk 3.78, mfg grade 3.95. 6/ Equivalent liveweight returns to producers for most States. Includes growers and contractors. 7/ Mid-month price. Wheat: Prices Received, by States, December 2003 and January 2004 -------------------------------------------------------------------------------- : All Wheat : Winter Wheat : Durum Wheat :Oth Spring Wheat State :----------------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : AR : 4.08 3/ 4.08 3/ CA : 3/ 3/ 3/ 4/ 3/ 3/ CO : 3.62 3.68 3.62 3.67 3.92 3/ ID : 3.52 3.65 3.42 3.55 3.71 3.85 IL : 3.69 3.70 3.69 3.70 IN : 4.00 3.84 4.00 3.84 KS : 3.70 3.71 3.70 3.71 MI : 3.63 3.60 3.63 3.60 MN : 3.69 3.79 4.14 4.19 3.69 3.79 MO : 3.73 3.75 3.73 3.75 MT : 3.75 3.81 3.62 3.67 3.90 3.97 3.80 3.86 NE : 3.52 3.60 3.52 3.60 ND : 3.77 3.72 3.12 3.20 3.98 4.00 3.74 3.65 OH : 3.65 3.72 3.65 3.72 OK : 3.74 3.79 3.74 3.79 OR : 3.69 3.74 3.65 3.70 3.91 4.00 SD : 3.62 3.66 3.51 3.60 3.76 3.73 TX : 3.68 3.90 3.68 3.90 WA : 3.63 3.69 3.60 3.67 3.76 3.80 : US : 3.69 3.73 3.63 3.70 3.96 4.03 3.75 3.73 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Price not published to avoid disclosure of individual firms. 4/ Insufficient sales to establish a price. Prices Received for Selected Agricultural Commodities, by Months, United States, 2003 and 2004 1/ -------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 2/ : All Hogs Month :----------------------------------------------------------------------- : 2003 : 2004 : 2003 : 2004 : 2003 : 2004 : 2003 : 2004 : 2003 : 2004 -------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ----- Dollars per Cwt ----- : Jan : 3.89 3.73 2.33 2.46 5.51 7.82 73.20 77.40 33.00 35.70 Feb : 3.70 2.34 5.55 74.00 34.40 Mar : 3.55 2.33 5.59 72.70 34.70 Apr : 3.37 2.34 5.82 74.60 34.80 May : 3.33 2.38 6.07 75.50 41.30 Jun : 3.08 2.34 6.09 74.90 45.00 Jul : 2.95 2.17 5.82 75.80 42.80 Aug : 3.34 2.15 5.68 79.90 39.50 Sep : 3.39 2.20 6.06 85.10 39.60 Oct : 3.45 2.12 6.61 92.00 36.80 Nov : 3.59 2.20 7.05 93.70 34.80 Dec : 3.69 2.32 7.17 90.50 34.20 -------------------------------------------------------------------------------- 1/ Current month prices are mid-month; prices for previous months are for the entire month. 2/ Cows, steers and heifers. Grains: Prices Received, by States, December 2003 and January 2004 -------------------------------------------------------------------------------- :All Barley 1/: Corn : Oats : Soybeans : Sorghum Grain Month :----------------------------------------------------------------------- :Dec 2/:Jan 3/:Dec 2/:Jan 3/:Dec 2/:Jan 3/:Dec 2/:Jan 3/:Dec 2/ :Jan 3/ -------------------------------------------------------------------------------- :----------------- Dollars per Bushel ----------------- Dollars per Cwt : AL : AR : 4/ 4/ 4/ 4/ CA : 4/ 5/ CO : 2.87 2.87 2.34 2.58 ID : 3.25 3.14 IL : 2.34 2.45 1.89 5/ 7.13 7.60 4.62 4.80 IN : 2.47 2.54 7.44 8.22 IA : 2.28 2.40 1.59 1.55 7.35 8.00 KS : 2.47 2.65 7.46 7.94 4.15 4.40 KY : 2.44 2.65 7.25 8.15 LA : 7.38 7.98 MI : 2.23 2.45 1.96 1.80 7.06 8.10 MN : 4/ 4/ 2.14 2.32 1.43 1.48 7.06 7.55 MS : 6.28 4/ MO : 2.41 2.55 7.43 8.05 4.20 4.40 MT : 3.08 3.05 1.58 4/ NE : 2.28 2.40 1.40 1.40 7.14 7.75 4.14 4.30 NC : 2.71 2.92 7.07 7.94 ND : 2.66 2.60 2.11 2.25 4/ 1.50 6.65 7.65 OH : 2.30 2.51 1.74 1.75 7.23 7.87 OK : 4.22 4.46 OR : 2.52 2.50 4/ 4/ PA : 2.76 2.89 4/ 4/ SD : 2.25 2.21 2.11 2.38 1.40 1.44 7.04 7.77 TN : 2.61 2.75 7.15 7.50 TX : 2.62 2.74 5/ 5/ 4.30 4.58 UT : 2.44 2.30 WA : 2.59 2.46 WI : 2.24 2.35 1.45 1.40 6.92 7.50 WY : 3.39 2.73 : US : 2.94 2.70 2.32 2.46 1.58 1.50 7.17 7.82 4.21 4.44 -------------------------------------------------------------------------------- 1/ The Three-State (MN, ND and SD) Feed Barley price for January 2004 is $2.15. 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 2003 and January 2004 -------------------------------------------------------------------------------- : Malting Barley : Feed Barley State :-------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : ID : 3.38 3.35 2.22 2.30 MN : 3/ 3/ 3/ 3/ MT : 3.51 3/ 2.16 2.05 ND : 2.91 2.90 2.22 2.15 SD : 2.26 2.21 1.77 4/ WY : 3/ 3/ 2.06 2.00 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Price not published to avoid disclosure of individual firms. 4/ Insufficient sales to establish a price. Field Crops: Prices Received, by States, December 2003 and January 2004 -------------------------------------------------------------------------------- : Dry Edible : All : : : : Beans : Sunflowers : Flaxseed : Tobacco : Peanuts 4/ State :--------------------------------------------------------------------- :Dec 1/:Jan 2/:Dec 1/:Jan 2/:Dec 1/:Jan 2/:Dec 1/:Jan 3/:Dec 1/:Jan 3/ -------------------------------------------------------------------------------- :------- Dollars per ------ Dollars per ------- Dollars per ------- :----------- Cwt ---------- Bushel ---------- Pound ---------- : AL : 0.186 5/ CA :35.60 33.80 CO :16.10 16.30 FL : 5/ 6/ GA : 0.190 6/ ID :17.90 17.10 IN : 1.940 1.945 KS : 5/ 5/ KY : 1.980 1.970 MD : MI :19.00 19.00 MN :20.20 20.00 13.50 13.60 MO : NE :15.40 15.60 NC : 1.940 1.915 0.226 5/ ND :14.90 15.30 11.80 12.30 6.22 6.15 OH : 1.950 1.905 OK : SC : SD : 10.90 11.00 6.00 6/ TN : 1.965 1.960 TX : 5/ 5/ VA : 1.815 1.935 5/ 6/ WV : : US :17.20 17.40 11.60 12.00 6.22 6.15 1.975 1.970 0.196 0.206 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Based on sales through first half of month. 4/ In-Shell. 5/ Price not published to avoid disclosure of individual firms. 6/ Insufficient sales to establish a price. Tobacco: Prices Received, by Area and Type, January 2004, with Comparisons -------------------------------------------------------------------------------- Class by Type : Type : Jan 2003 : Dec 2003 : Jan 2004 1/ -------------------------------------------------------------------------------- : : Dollars per Pound : : Fire-cured : : VA Belt : 21 : 1.830 1.665 1.140 Eastern District 2/ : 22 : 2.435 1.855 Western District 2/ : 23 : 2.465 2.140 Total Fire-cured : 21-23 : 2.435 1.665 2.005 : : Light Air-cured : : Burley : 31 : 1.975 1.980 1.975 Total Light Air-cured : 31-32 : 1.975 1.980 1.975 : : Dark Air-cured : : One Sucker Belt : 35 : 1.810 1.510 1.215 Green River Belt : 36 : 2.015 1.935 1.780 Sun-cured Belt : 37 : 1.465 1.730 0.870 Total Dark Air-cured : 35-37 : 1.870 1.705 1.660 : : US : 11-37 : 2.090 1.975 1.970 -------------------------------------------------------------------------------- 1/ Based on sales during the first half of the month. 2/ Markets opened in January 2004. Field Crops and Apples: Prices Received, by States, December 2003 and January 2004 -------------------------------------------------------------------------------- : : 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/ 89.00 AZ : 6/ 6/ 148.00 85.00 85.00 80.00 AR : 0.670 0.618 7/ CA : 0.754 0.750 6/ 88.00 92.00 70.00 0.271 CO : 82.00 83.00 73.00 GA : 0.629 0.660 101.00 ID : 84.00 86.00 65.00 IL : 89.00 95.00 73.00 IA : 86.00 87.00 63.00 KS : 65.00 74.00 54.00 KY : 68.00 100.00 58.00 LA : 0.624 0.609 7/ MI : 99.00 100.00 85.00 0.185 MN : 68.00 72.00 53.00 MS : 0.617 0.618 7/ MO : 68.00 109.00 55.00 MT : 72.00 74.00 67.00 NE : 52.00 53.00 47.00 NV : 93.00 91.00 103.00 NM : 137.00 140.00 115.00 NY : 107.00 120.00 100.00 0.225 NC : 0.669 0.680 109.00 ND : 53.00 58.00 39.00 OH : 85.00 122.00 60.00 0.290 OK : 83.00 100.00 58.00 OR : 97.00 99.00 90.00 PA : 129.00 149.00 121.00 0.191 SD : 59.00 62.00 45.00 TN : 0.608 0.613 7/ TX : 0.624 0.624 136.00 72.00 143.00 69.00 UT : 83.00 84.00 71.00 VA : 0.250 WA : 93.00 85.00 115.00 0.324 WI : 91.00 95.00 60.00 WY : 76.00 77.00 72.00 : US : 0.641 0.638 127.00 79.30 83.60 71.40 0.301 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Based on sales during the first half of the month. 3/ Mid-month. 4/ Equivalent packinghouse-door returns for CA, 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. 7/ Insufficient sales to establish a price. Upland Cotton and Rice: Prices Received and Marketings, United States, January 2004, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Nov 2003 1/ : Dec 2003 1/ : Jan 2004 2/ -------------------------------------------------------------------------------- : : Cotton, Upland : : Average Price : Dollars per Pound : 0.634 0.641 0.638 Marketings 3/ : 1,000 Bales : 1,912 1,938 NA : : Rice : : Average Price : Dollars per Cwt : 6.99 7.57 7.71 Marketings 4/ : 1,000 Cwt : 11,750 16,424 NA -------------------------------------------------------------------------------- 1/ Entire month. 2/ Based on purchases for the first half of the month. 3/ Expanded data from sample of about 65 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 2004 -------------------------------------------------------------------------------- : : Equivalent Returns 1/ Commodity, :F.O.B. :----------------------------------------------------- State :Packed : Packinghouse-door : On-tree and Type : Fresh :----------------------------------------------------- : : All : Fresh :Process : All : Fresh :Process -------------------------------------------------------------------------------- : Dollars per Box : Grapefruit : AZ : 15.50 8.99 8.99 6.67 8.04 CA : 19.60 11.76 13.09 -0.27 9.44 10.77 -2.59 FL : 14.90 4.36 7.11 1.81 1.93 4.85 -0.78 White : 15.80 3.65 7.80 1.70 1.28 5.50 -0.70 Colored : 14.60 4.76 6.90 1.90 2.30 4.65 -0.85 TX : 14.60 3.65 4.61 0.80 2.50 3.44 -0.32 : US : 15.10 4.51 7.07 1.74 2.21 4.96 -0.77 : Lemons : AZ : 22.30 8.82 12.20 0.20 4.47 7.85 -4.15 CA : 22.40 7.02 12.30 0.20 2.67 7.95 -4.15 : US : 22.40 7.65 12.26 0.20 3.30 7.91 -4.15 : Oranges : AZ : Navel and Misc: 16.80 7.38 9.42 -0.18 4.92 6.96 -2.64 : CA : Navel and Misc: 18.50 10.30 11.12 0.38 7.84 8.66 -2.08 : FL : Early and Mids: 13.90 3.88 6.40 3.80 1.78 4.25 1.70 : TX : Early and Mids: 13.30 2.98 3.21 2.55 1.64 1.86 1.25 : US : 17.30 4.50 9.76 3.77 2.36 7.41 1.67 : Tangelos : FL : 15.00 3.96 6.60 2.25 1.60 4.30 -0.15 : Tangerines : AZ : 27.80 17.34 20.74 0.70 14.85 18.25 -1.79 CA : 28.40 20.22 21.34 0.32 17.73 18.85 -2.17 FL : 28.70 14.80 19.20 3.30 11.12 15.80 -1.10 : US : 28.40 16.33 20.02 2.73 13.13 17.02 -1.26 : Temples : FL : 14.50 4.45 6.10 2.50 2.11 3.80 0.10 -------------------------------------------------------------------------------- 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 2003 and January 2004 ------------------------------------------------------------------------------- : : :: : : State : Dec : Jan :: State : Dec : Jan : : :: : : ------------------------------------------------------------------------------- : Dollars per Cwt :: : Dollars per Cwt : :: : AL : :: NC : AZ : :: ND - All 1/ : 5.25 5.20 CA - All : 15.40 16.20 :: - Fresh 2/ : 4.80 NA - Winter : 19.60 19.40 :: - Processing : 5.20 NA - Spring : :: OH : 6.35 6.85 - Summer : :: OR : 5.40 5.45 - Fall : 9.70 9.65 :: PA : 7.45 7.50 CO - All 1/ : 4.75 4.80 :: TX : - Fresh 2/ : 4.70 NA :: VA : FL : :: WA - All : 5.75 5.75 ID - All 1/ : 4.10 4.15 :: - Processing : 5.20 NA - Fresh 2/ : 3.70 NA :: WI - All 1/ : 5.95 5.90 - Processing : 4.30 NA :: - Fresh 2/ : 5.15 NA ME : 5.75 5.80 :: - Processing : 6.35 NA MI : 7.05 7.30 :: : MN : 5.15 5.15 :: US - All 1/ : 5.60 5.70 NY : 8.80 8.90 :: - Fresh 2/ : 6.03 NA : :: - Processing : 5.25 NA ------------------------------------------------------------------------------- 1/ Average price of potatoes sold for all uses, including table stocks, processing, seed and livestock feed. 2/ Fresh market prices only, includes table stock prices. Cattle: Prices Received, by States, December 2003 and January 2004 -------------------------------------------------------------------------------- : 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 : 49.40 42.30 91.90 83.60 91.50 83.20 109.00 102.00 AR : 43.00 42.00 91.20 84.50 76.70 71.80 106.00 98.00 CA : 46.00 43.50 94.50 80.00 69.80 62.10 109.00 110.00 CO : 51.80 44.70 101.00 92.30 101.00 91.80 118.00 111.00 FL : 48.10 47.20 84.70 82.50 62.70 57.80 108.00 105.00 GA : 49.40 49.00 85.30 79.80 61.60 59.20 106.00 99.50 ID : 48.50 40.10 93.60 79.40 81.00 68.80 109.00 96.00 IL : 49.00 45.00 98.00 84.00 97.00 83.20 100.00 87.00 IA : 49.80 47.90 93.10 82.90 92.20 82.20 99.50 89.50 KS : 48.10 44.60 92.50 77.10 91.20 75.80 117.00 114.00 KY : 47.00 46.00 88.00 83.00 78.20 74.10 99.00 98.00 LA : 45.00 45.00 89.30 85.00 59.20 57.80 103.00 99.00 MI : 48.00 45.00 80.00 73.00 70.40 64.60 94.00 90.00 MN : 54.30 48.00 94.20 83.00 85.00 75.00 99.80 92.00 MO : 48.20 45.30 96.50 92.10 86.40 78.10 111.00 107.00 MT : 51.50 45.40 98.90 95.40 90.40 85.90 114.00 114.00 NE : 51.80 46.60 100.00 84.40 98.60 83.30 123.00 118.00 NM : 50.70 47.00 96.40 90.90 75.80 72.00 112.00 98.30 ND : 50.00 47.00 99.50 96.00 87.10 86.20 112.00 112.00 OH : 45.00 42.00 83.80 78.00 79.90 74.40 90.00 85.00 OK : 49.40 45.40 99.30 88.20 88.80 79.20 112.00 106.00 OR : 48.00 44.50 88.50 80.00 76.40 69.40 100.00 95.30 PA : 48.00 46.50 92.00 85.00 80.60 75.00 120.00 110.00 SD : 46.90 44.30 98.10 90.70 84.80 82.80 115.00 114.00 TN : 45.00 45.00 89.00 85.00 71.40 69.00 99.00 99.00 TX : 45.70 45.70 94.60 76.60 89.70 73.80 110.00 102.00 VA : 41.60 41.00 87.50 83.50 67.80 65.20 98.00 98.00 WI : 51.00 47.10 87.20 81.00 66.20 61.30 128.00 122.00 WY : 49.80 42.00 104.00 85.00 87.70 76.40 124.00 112.00 : US : 49.40 45.80 95.70 81.20 90.50 77.40 112.00 105.00 -------------------------------------------------------------------------------- 1/ Beef cows and cull dairy cows sold for slaughter. 2/ Entire month. 3/ Mid-month. 4/ "Cows" and "steers and heifers" combined. Hogs: Prices Received, by States, December 2003 and January 2004 -------------------------------------------------------------------------------- : Sows : Barrows and Gilts : All Hogs :----------------------------------------------------------------------- State : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Cwt : AR : 27.90 27.90 33.50 35.00 32.90 34.30 IL : 26.00 27.00 37.00 39.00 36.10 38.00 IN : 31.40 31.30 34.50 35.60 34.20 35.20 IA : 29.90 29.60 32.60 34.00 32.50 33.90 KS : 27.80 29.40 33.50 36.30 32.80 35.40 MI : 29.00 29.00 34.00 34.50 33.60 34.10 MN : 27.50 29.00 36.20 38.00 36.10 37.90 MO : 26.80 27.70 30.80 33.20 30.60 32.80 NE : 27.90 27.50 36.40 38.00 36.20 37.80 NC : 28.00 28.40 35.60 37.80 35.50 37.70 OH : 28.50 29.00 34.90 36.00 34.50 35.60 OK : 26.50 27.00 33.20 33.80 32.20 32.80 PA : 28.50 28.50 35.90 37.10 34.80 35.80 SD : 27.00 29.00 37.40 39.00 36.30 37.70 TX : 28.00 27.50 39.00 39.80 37.40 37.50 WI : 26.30 27.80 35.00 36.60 33.90 35.50 : US : 28.10 28.80 34.60 36.10 34.20 35.70 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by States, December 2003 and January 2004 -------------------------------------------------------------------------------- : December : January State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ : Eggs 2/ 3/ -------------------------------------------------------------------------------- : ------ Dollars per Cwt ------ Dollars per Dozen : AL : 0.750 AR : 0.760 CA : 42.50 87.00 0.860 CO : 41.00 98.60 CT : 0.930 FL : 0.810 GA : 0.803 ID : 38.00 90.00 IN : 0.800 IA : 42.30 89.20 0.762 KS : 36.00 92.00 ME : 1.010 MI : 0.840 MN : 36.70 88.60 0.830 MS : 0.820 MO : 0.760 MT : 43.00 108.00 NE : 38.80 90.50 NY : 0.820 NC : 0.850 ND : 42.00 101.00 OH : 39.20 93.10 0.763 OR : 34.50 90.00 PA : 0.800 SC : 0.840 SD : 52.10 112.00 TX : 51.80 113.00 0.820 UT : 38.00 98.00 WA : 0.910 WY : 52.20 114.00 : US : 44.40 98.40 0.806 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Market (table) eggs. Milk and Milk Cows: Prices Received, by States, December 2003 and January 2004 -------------------------------------------------------------------------------- : December 1/ : January :------------------------------------------------------------------------ State : Fluid Grade : Manufacturing : All Milk : All Milk : : Milk 2/ : Grade Milk : 3/ : 3/ 4/ : Milk :---------------------------------------------------------------:Cows 5/ : : Fat : : Fat : : Fat : : Fat : : Price : Test : Price : Test : Price : Test : Price : Test : -------------------------------------------------------------------------------- :Dol/Cwt Percent Dol/Cwt Percent Dol/Cwt Percent Dol/Cwt Percent Dol/Head : AZ : 13.30 3.71 13.30 3.71 12.60 3.65 1,450 CA : 12.00 3.82 11.80 4.15 12.00 3.82 11.70 3.80 1,350 FL : 17.80 3.68 17.80 3.68 15.90 3.65 1,490 ID : 12.30 3.76 12.30 3.77 12.30 3.76 12.20 3.71 1,450 IL : 14.00 3.80 13.70 3.66 14.00 3.80 13.30 3.80 1,450 IN : 13.40 3.81 12.60 3.97 13.40 3.82 12.50 3.86 1,400 IA : 14.30 3.86 12.80 3.93 14.30 3.86 13.30 3.84 1,400 KY : 15.40 3.75 15.40 3.75 14.00 3.74 1,310 MI : 14.00 3.75 11.70 3.76 14.00 3.75 13.20 3.74 1,450 MN : 13.90 3.84 12.10 3.87 13.80 3.84 13.20 3.82 1,350 MO : 14.50 3.74 13.10 3.99 14.40 3.75 13.40 3.81 1,240 NM : 13.40 3.68 13.40 3.68 12.40 3.70 1,360 NY : 14.70 3.76 14.70 3.76 13.80 3.80 1,330 OH : 14.10 3.81 13.20 4.01 14.10 3.82 13.60 3.86 1,400 PA : 15.90 3.80 13.20 4.05 15.90 3.80 15.00 3.85 1,350 TX : 14.60 3.78 14.60 3.78 14.00 3.76 1,410 VT : 14.70 3.76 14.70 3.76 13.60 3.76 1,350 VA : 15.80 3.70 15.80 3.70 15.00 3.70 1,370 WA : 13.60 3.83 13.60 3.83 13.00 3.72 1,420 WI : 14.10 3.82 13.00 4.00 14.10 3.83 13.80 3.82 1,450 : US : 13.80 3.79 12.70 3.98 13.70 3.79 13.10 3.79 1,390 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Including milk diverted to manufacturing. 3/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 4/ Preliminary. 5/ Animals sold for dairy herd replacement only. Prices published January, April, July and October. Parity Price Equivalent for Manufacturing Milk 1/: United States, December 2003 and January 2004, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Jan 2003 : Dec 2003 : Jan 2004 -------------------------------------------------------------------------------- Parity Equivalent : Dollars per Cwt : 29.83 30.92 30.83 Average Price F.O.B 2/ : Dollars per Cwt : 10.50 12.70 12.50 Average Fat Test of Milk 2/ : Percent : 3.93 3.98 3.95 -------------------------------------------------------------------------------- 1/ The parity price equivalent during 2004 is 90.4 percent of the parity price of all milk sold to plants, compared with 90.4 percent in 2003. For additional details, see January 2004 issue of "Agricultural Prices". 2/ Preliminary for January 2004. United States Parity Prices for Farm Products and Average Prices Received as Percent of Parity Prices Based on Data for January 2004, 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 : : 2003 : 2003 : 2004 : 2003 : 2003 : 2004 -------------------------------------------------------------------------------- :---------- Dollars ---------- ---- Percent --- : Basic Commodities : All Wheat, Bu : 0.564 9.53 9.88 9.75 41 37 38 Rice, Cwt : 1.63 26.10 27.10 28.20 18 28 27 Corn, Bu : 0.379 6.51 6.75 6.55 36 34 38 Cotton, Lb : American Upland : 0.113 1.67 1.74 1.95 27 37 33 Extra Long Staple : 0.144 2.34 2.43 2.49 Peanuts, Lb : 0.0370 0.650 0.674 0.640 29 29 32 Tobacco, By Type, Lb : Flue-Cured 11-14 : 0.259 4.29 4.44 4.48 VA Fire-Cured, 21 : 0.257 4.34 4.50 4.44 42 37 26 KY-TN Fire-Cured, 22-23 : 0.322 5.36 5.56 5.57 46 Burley, 31 : 0.277 4.60 4.77 4.79 43 42 41 Maryland, 32 : 0.215 3.65 3.78 3.72 Dark Air-Cured, 35-36 : 0.282 4.62 4.79 4.88 40 Sun-Cured, 37 : 0.246 4.07 4.22 4.25 36 41 20 PA Seedleaf, 41 : 0.206 3.33 3.45 3.56 Cigar Filler & Binder, : 42-44, 54-55 : 0.225 3.70 3.84 3.89 Puerto Rican Filler, 46 : 0.162 2.73 2.83 2.80 Cigar Binder, 51-52 : 0.736 12.00 12.50 12.70 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt 2/ : 1.97 33.00 34.20 34.10 36 40 40 Honey, Extracted, Lb 3/ : 0.1050 1.57 1.63 1.82 : Wool and Mohair : Wool, Lb : 0.0880 1.52 1.58 1.52 Mohair, Lb : 0.334 5.44 5.64 5.77 : Other Nonbasic : Barley, Bu : 0.376 6.44 6.68 6.50 44 44 42 Cottonseed, Ton :15.80 261.00 271.00 273.00 40 47 47 Dry Edible Beans, Cwt : 2.92 49.70 51.60 50.50 33 33 34 Flaxseed, Bu : 0.728 11.80 12.20 12.60 48 51 49 Oats, Bu : 0.221 4.07 4.22 3.82 50 37 39 Potatoes, Cwt : 0.854 13.60 14.10 14.80 49 40 39 Rye, Bu : 0.353 5.74 5.95 6.10 Sorghum Grain, Cwt : 0.616 11.00 11.40 10.70 37 37 41 Soybeans Bu : 0.892 14.20 14.80 15.40 39 48 51 Sweetpotatoes, Cwt : 2.25 36.70 38.00 38.90 Apples, Fresh, Lb 4/ : 0.0296 0.480 0.498 0.512 54 57 59 Citrus (equiv on-tree), Box : Grapefruit : 0.387 6.50 6.74 6.69 34 43 33 Lemons : 1.10 18.40 19.10 19.00 18 20 17 Oranges : 0.618 9.54 9.90 10.70 31 25 22 Tangerines : 1.42 24.40 25.30 24.60 50 31 53 Temples (FL) : 0.451 7.75 8.04 7.80 37 27 Beef Cattle, Cwt : 9.55 158.00 164.00 165.00 46 55 47 Calves, Cwt :12.80 213.00 220.00 221.00 45 51 48 Hogs, Cwt : 5.91 101.00 105.00 102.00 33 33 35 Lambs, Cwt :11.30 182.00 189.00 195.00 51 52 Sheep, Cwt : 4.70 77.80 80.70 81.30 53 55 Eggs, Doz 2/ : 0.0949 1.56 1.62 1.64 39 48 53 Turkeys, Live, Lb : 0.0574 0.969 1.010 0.992 36 37 35 -------------------------------------------------------------------------------- --continued Parity Prices Based on Data for January 2004, United States 1/ (continued) ------------------------------------------------------------------------------- Other Nonbasic :Adj Base: Parity :: Other Nonbasic :Adj Base: Parity Commodities : Prices : Prices :: Commodities : Prices : Prices ------------------------------------------------------------------------------- :Dollars Dollars :: :Dollars Dollars : :: : Field Crops and : :: Noncitrus Fruit : Misc Commodities : :: Peaches, cont. : Hops, Lb : 0.256 4.43 :: Processing 5/ : Spearmint Oil, Lb : 1.53 26.50 :: Excl Dried : Tobacco, Lb : :: Clingstone, : Type 61 : 2.51 43.40 :: CA, Ton : 32.80 567.00 : :: Pears, Ton : Noncitrus Fruit : :: Fresh 4/ : 51.60 892.00 Apples, Ton 6/ : :: Dried, CA 6/ : 166.00 2,870.00 Processing : 17.90 309.00 :: Plums, CA, Ton : Apricots, Ton : :: Fresh, Equiv : Fresh 7/ : 99.70 1,720.00 :: on-Tree : 57.40 992.00 Dried, CA :273.00 4,720.00 :: Prunes, Dried, : Avocados, Ton 7/ :238.00 4,120.00 :: CA, Ton 6/ : 129.00 2,230.00 Cherries Bbl : :: Prunes and Plums, : Sweet, Ton :184.00 3,180.00 :: Excl CA, Ton : Tart, Lb : 0.0267 0.462:: Fresh 9/ : 56.90 984.00 Cranberry, Bbl 5/ : 5.92 102.00 :: Processing 6/ : Dates, CA, Ton 7/ :170.00 2,940.00 :: Excl Dried : 26.30 455.00 Grapes, Ton : :: : Raisin Variety :121.00 2,090.00 :: Tree Nuts 10/ : Other Dried : 68.20 1,180.00 :: Almonds, Lb : 0.204 3.53 Kiwifruit, Ton : 80.80 1,400.00 :: Hazelnuts, Ton : 130.00 2,250.00 Nectarines : :: Pistachio, Lb : 0.159 2.75 Fresh, CA, : :: Walnuts, Ton : 176.00 3,040.00 Ton 7/ : 63.00 1,090.00 :: : Olives, CA : :: Vegetables, Cwt 11/ : canning, Ton 5/ : 95.50 1,650.00 :: Fresh : Papayas (HA) : 0.0520 0.899:: Carrots 8/ : 2.21 38.20 Peaches : :: Cauliflower 8/ : 4.55 78.70 Fresh, Lb 4/ : 0.0408 0.705:: Celery 8/ : 1.98 34.20 Dried, CA, : :: Honeydew Melons : 2.79 48.20 Ton : 92.50 1,600.00 :: Lettuce : 2.50 43.20 : :: Onions 8/ : 1.68 29.00 : :: Tomatoes : 4.39 75.90 ------------------------------------------------------------------------------- 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 averages 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. Crop Marketing Seasons for Specified Field Crops Apples (Fresh): July1 to June 30 for U.S.; June 1 to May 31 for Arkansas, California, Georgia, Illinois, Iowa, Indiana, Kansas, Kentucky, Michigan, Missouri, New Mexico, North Carolina, Ohio, South Carolina, Tennessee, Wisconsin; August 1 to July 31 for Oregon and Washington; July 1 - June 30 for Arizona, Colorado, Connecticut, Idaho, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Utah, Vermont, Virginia, West Virginia. Grapes (Fresh): May 25 to April 30 for U.S.; June 5 to July 15 for Arizona; May 25 to April 30 for California; July 10 to October 31 for Arkansas, Georgia, Michigan, Missouri, New York, North Carolina, Ohio, and Pennsylvania. Peaches (Fresh): May 1 to October 31 for U.S.; May 20 to August 31 for Georgia and South Carolina; June 1 to September 30 for Alabama, Arkansas, California, Colorado, Illinois, Kentucky, Louisiana, Missouri, North Carolina, Ohio, Oklahoma, Tennessee, Texas, Utah, and Virginia, August 1 to September 30 for Connecticut, Massachusetts, Idaho, Michigan, and New York; July 1 to September 30 for Indiana, Maryland, New Jersey, Oregon, Pennsylvania, Washington, and West Virginia. Pears (Fresh): July to June for U.S.; July 1 - April 30 for California; August 10 to May 31 for Oregon and Washington; July 1 to December 15 for Colorado, Connecticut, Michigan, New York, Pennsylvania, and Utah. Rice: August 1 to July 31 for U.S.; July 1 to June 30 for Louisiana and Texas; August 1 to July 31 for Arkansas and Mississippi; October 1 to September 30 for California; September 1 to August 31 for Missouri. Sweet Potatoes: July - June for U.S.; July 1 - June 30 for Alabama and California; July 1 - May 31 for Georgia, Louisiana, North Carolina and Texas; August 1 - May 31 for South Carolina, and Virginia; and August 1 - July 31 for New Jersey. Sweet Potatoes: Marketing Year Average Prices Received, by State and United States, 2001-2003 ------------------------------------------------------------------------------- State : 2001 : 2002 : 2003 1/ ------------------------------------------------------------------------------- : Dollars per Cwt : AL : 18.20 14.80 25.40 CA : 26.90 23.10 34.50 GA 2/ : 13.00 LA : 13.30 14.50 19.40 MS : 13.60 16.50 20.30 NJ : 19.60 23.20 29.00 NC : 12.00 14.00 14.50 SC : 13.00 15.20 15.50 TX : 18.70 16.80 17.20 VA : 14.80 14.00 16.30 : US : 15.40 16.70 20.80 ------------------------------------------------------------------------------- 1/ Preliminary. 2/ Estimates discontinued in 2002. Rice: Marketing Year Average Prices Received, by States and United States, 2001 and 2002 -------------------------------------------------------------------------------- State : 2001 : 2002 -------------------------------------------------------------------------------- : : All : : Dollars per Cwt : AR : 3.93 4.16 CA : 5.28 6.32 LA : 4.47 4.14 MS : 4.15 4.94 MO : 3.70 3.90 TX : 4.61 4.16 : US 1/ : 4.25 4.49 : : Length of Grain : US: : Long : 4.10 4.15 Medium &: Short : 4.82 5.90 -------------------------------------------------------------------------------- 1/ Based on state prices weighted by marketings for August through July. All Rice: Monthly Prices Received, Monthly Farm Marketing Percentages, and Marketing Year Average Prices, United States, 2000-2001 through 2002-2003 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketings 2/ Month :-----------------------------------:----------------------------------- :2000-2001 :2001-2002 : 2002-2003 :2000-2001 :2001-2002 : 2002-2003 -------------------------------------------------------------------------------- : ----- Dollars per Cwt ----- ---------- 1,000 Cwt ---------- : Aug : 5.72 5.01 3.94 8,802 12,443 10,892 Sep : 5.53 4.67 4.09 10,616 9,496 12,313 Oct : 5.57 4.39 4.03 13,183 12,415 14,429 Nov : 5.72 4.25 4.24 12,393 11,093 12,338 Dec : 5.69 4.29 4.46 12,689 11,215 15,059 Jan 3/ : 5.86 4.30 4.66 15,204 16,415 19,860 Feb : 5.72 4.16 4.24 12,465 11,694 13,141 Mar : 5.66 3.99 4.31 11,700 9,718 14,553 Apr : 5.68 3.94 4.61 11,870 11,270 14,502 May : 5.40 3.98 4.84 9,087 9,841 10,113 Jun : 5.14 3.92 5.43 7,951 8,884 9,691 Jul : 5.32 3.81 5.31 8,588 8,288 11,755 : MYA : 5.61 4.25 4.49 134,548 132,772 158,646 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of August - July. 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 1999 - December 2003 1/ ------------------------------------------------------------------------------- Year: Jul : Aug : Sep : Oct : Nov : Dec :Jan 2/ : Feb : Mar : Apr : May : Jun ------------------------------------------------------------------------------- : Dollars per Pound : 1999 :0.124 0.184 0.232 0.235 0.233 0.237 0.235 0.211 0.205 0.197 0.182 0.163 2000 :0.162 0.188 0.237 0.206 0.179 0.175 0.158 0.152 0.146 0.157 0.152 0.149 2001 :0.152 0.173 0.212 0.248 0.235 0.231 0.221 0.216 0.220 0.218 0.215 0.220 2002 :0.206 0.245 0.300 0.301 0.268 0.263 0.258 0.246 0.226 0.234 0.218 0.224 2003 :0.200 0.258 0.251 0.273 0.274 0.285 ------------------------------------------------------------------------------- 1/ Equivalent packinghouse-door returns for CA, NY, and WA; price at point of first sale for other States. 2/ January of the following year. Peaches for Fresh Use: Monthly Prices Received, United States, May 1999 - September 2003 1/ -------------------------------------------------------------------------------- Year : May : Jun : Jul : Aug : Sep -------------------------------------------------------------------------------- : Dollars per Pound : 1999 : 0.366 0.270 0.257 0.232 0.319 2000 : 0.332 0.264 0.238 0.219 0.345 2001 : 0.395 0.338 0.288 0.216 0.318 2002 : 0.475 0.275 0.205 0.278 0.278 2003 : 0.433 0.228 0.242 0.202 0.227 -------------------------------------------------------------------------------- 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 1999 - December 2003 1/ ------------------------------------------------------------------------------- Year: Jul : Aug : Sep : Oct : Nov : Dec :Jan 2/ : Feb : Mar : Apr : May : Jun ------------------------------------------------------------------------------- : Dollars per Ton : 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 3/ 2001 : 405 394 415 390 374 363 282 276 267 267 267 337 2002 : 312 460 474 458 442 437 408 366 378 367 397 453 2003 : 320 301 346 355 342 392 ------------------------------------------------------------------------------- 1/ Equivalent packinghouse-door returns for CA, NY, and WA; price at point of first sale for other States. 2/ January of the following year. 3/ Insufficient sales to establish a price. Grapes for Fresh Use: Monthly Prices Received, United State, May 1999 - December 2003 ----------------------------------------------------------------------------- Year: May : Jun : Jul : Aug : Sep : Oct : Nov : Dec ----------------------------------------------------------------------------- : Dollars per Ton : 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 : 1,000 905 830 650 640 590 610 720 2003 : 950 1,000 790 670 630 610 660 740 ----------------------------------------------------------------------------- Parity Prices Parity prices based on data for January 2004 and adjusted base price data from which parity prices are computed, are presented in the table on pages 33 through 36. Annual average prices for 1994 through 2003 for use in parity computations, and ten-year averages for 1993-2002 and 1994-2003 are shown on pages 38 through 49. 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 2004 this is the 1994-2003 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 2004 is given below. The 120-month, January 1994-December 2003 average of prices received by farmers for corn was $2.62 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 692 (1910-14=100). Dividing $2.62 by 6.92 gives $0.379 per bushel, the adjusted base price which is multiplied by 1728 percent, the Parity Index (1910-14=100), based on data for January 2004. This gives $6.55 per bushel, the parity price of corn during February 2004. 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, 2004 -------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2004 2/ -------------------------------------------------------------------------------- : Dollars : Basic Commodities : All Wheat, Bu 3/ : 0.564 9.75 Rice, Cwt 3/ : 1.63 28.20 Corn, Bu 3/ : 0.379 6.55 Cotton, Lb : American Upland 3/ : 0.113 1.95 Extra Long Staple : 0.144 2.49 Peanuts, Lb : 0.0370 0.640 Tobacco, Lb : Flue-Cured, Types 11-14 : 0.259 4.48 VA Fire-Cured, Type 21 : 0.257 4.44 KY-TN Fire-Cured, : Types 22-23 : 0.322 5.57 Burley, Type 31 : 0.277 4.79 Maryland, Type 32 : 0.215 3.72 Dark Air-Cured, Types 35-36 : 0.282 4.88 Sun-Cured, Type 37 : 0.246 4.25 PA SeedLeaf, Type 41 : 0.206 3.56 Cigar Filler & Binder, : Types 42-44, 54-55 : 0.225 3.89 Puerto Rican Filler, Type 46 : 0.162 2.80 Cigar Binder, Types 51-52 : 0.736 12.70 : Designated Nonbasic Commodities : Soybeans, Bu 3/ : 0.892 15.40 All Milk Sold to Plants, Cwt : 1.97 34.10 Honey, Wholesale, Lb Extracted : 0.105 1.82 : Wool and Mohair : Wool, Lb 3/ : 0.0880 1.52 Mohair, Lb : 0.334 5.77 : Other Nonbasic Commodities : Field Crops and Misc : All Barley, Bu 3/ : 0.376 6.50 Cottonseed, Ton : 15.80 273.00 All Dry Edible Beans, Cwt : 2.92 50.50 Flaxseed, Bu : 0.728 12.60 All Hay, Baled, Ton : 12.90 223.00 Hops, Lb : 0.256 4.43 Oats, Bu 3/ : 0.221 3.82 Peppermint Oil 3/ : 1.78 30.80 All Potatoes, Cwt : 0.854 14.80 Rye, Bu : 0.353 6.10 Sorghum Grain, Cwt 3/ : 0.616 10.70 Spearmint Oil, Lb : 1.53 26.50 Sweetpotatoes, Cwt : 2.25 38.90 Tobacco, Cigar Wrapper Type 61, Lb : 2.51 43.40 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Prices and United States Parity Prices Based on Data for January, 2004 -------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2004 2/ -------------------------------------------------------------------------------- : Dollars : Fruit, Citrus (Equiv On-Tree) Box : Grapefruit 13/ : 0.387 6.69 Lemons 13/ : 1.100 19.00 Oranges 13/ : 0.618 10.70 Tangerines 13/ : 1.42 24.60 Temples 13/ : 0.451 7.80 : Fruit, Deciduous and Other : Apples : Fresh, Lb 4/ : 0.0296 0.512 Processing, Ton 13/ : 17.90 309.00 Apricots, Ton : Fresh : 99.70 1,720.00 Processing : Dried (CA) : 273.00 4,720.00 Excl Dried : 40.00 692.00 Avocados, Ton 13/ : 238.00 4,120.00 Cherries : Sweet, Ton : 184.00 3,180.00 Tart, Lb 13/ : 0.0267 0.462 Cranberries, Bbl 13/ : 5.92 102.00 Dates (CA) Ton 5/ : 170.00 2,940.00 Grapes, Ton : Raisin Varieties Dried (CA) : 121.00 2,090.00 Excl Raisin Varieties Dried : 68.20 1,180.00 Kiwifruit, Ton 13/ : 80.80 1,400.00 Nectarines (CA), Ton : Fresh 5/ : 63.00 1,090.00 Processing 6/ : 3.73 64.50 Olives (CA), Ton 7/ : Processing : Crushed for oil : 19.30 334.00 Excl crushed : 82.90 1,430.00 Canning : 95.50 1,650.00 Papayas (HI), Fresh, Lb : 0.0520 0.899 Peaches : Fresh, Lb 4/ 7/ : 0.0408 0.705 Processing : Dried (CA), Ton 6/ : 92.50 1,600.00 Excluding Dried, Ton : Clingstone (CA), Ton 7/ : 32.80 567.00 Freestone, Ton 6/ : 26.90 465.00 Pears : Fresh, Ton 4/ : 51.60 892.00 Processing, Ton 6/ : Dried (CA) : 166.00 2,870.00 Excluding Dried : 28.30 489.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Prices and United States Parity Prices Based on Data for January, 2004 -------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2004 2/ -------------------------------------------------------------------------------- : Dollars : Fruit, Deciduous and Other, Cont : Plums (CA) Equiv On-Tree : Fresh, Ton 8/ : 57.40 992.00 Processing, Ton : 3.67 63.50 Prunes, Dried (CA), Ton 13/ : 129.00 2,230.00 Prunes & Plums (EX CA) Ton : Fresh 8/ : 56.90 984.00 Processing 6/ : 26.30 455.00 Strawberries, Lb : Fresh 6/ : 0.0980 1.690 Processing : 0.0409 0.707 Sugar Crops, Ton : Sugarbeets 10/ 13/ : 5.59 96.70 Sugarcane 10/ 13/ : 4.05 70.00 : Tree Nuts 11/ : Almonds, Lb : 0.204 3.53 Hazelnuts, Ton : 130.00 2,250.00 Pecans, All, Ton : 266.00 4,600.00 Pistachio, All, Lb : 0.159 2.75 Walnuts, Ton 13/ : 176.00 3,040.00 : Vegetables, Fresh, Cwt 9/ : Asparagus : 16.60 287.00 Broccoli 12/ : 4.12 71.20 Carrots 12/ : 2.21 38.20 Cauliflower 12/ : 4.55 78.70 Celery 12/ : 1.98 34.20 Honeydew Melons : 2.79 48.20 Lettuce : 2.50 43.20 Onions 12/ : 1.68 29.00 Sweet Corn : 2.62 45.30 Tomatoes : 4.39 75.90 : Vegetables, Processing, Ton 6/ : Asparagus : 166.00 2,870.00 Green Peas : 38.40 664.00 Snap Beans : 24.30 420.00 Sweet Corn : 10.50 182.00 Tomatoes : 8.97 155.00 : Livestock and Products : Beef Cattle, Cwt : 9.55 165.00 Calves, Cwt : 12.80 221.00 Eggs, Doz : 0.0949 1.64 Hogs, Cwt : 5.91 102.00 Lambs, Cwt : 11.30 195.00 Sheep, Cwt : 4.70 81.30 Turkeys, Lb : 0.0574 0.992 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Prices and United States Parity Prices Based on Data for January, 2004 -------------------------------------------------------------------------------- : Adjusted : Parity Prices Commodity and Unit : Base : Based on : Prices : data for : 1/ : Jan 2004 2/ -------------------------------------------------------------------------------- : Dollars : Discontinued Nonbasic Commodities : Field Crops and Misc 14/ : Crude Pine Gum, Bbl : 13.90 240.00 Dry Field Peas, Cwt : 1.89 32.70 Popcorn, Cwt : 1.81 31.30 Tobacco, Type 62, Lb : 0.858 14.80 : Fruit, Deciduous and Other 16/ : Berries, Processing, Lb : Blackberries : 0.620 1.07 Black Raspberries : 0.106 1.83 Boysenberries/Youngberries : 0.0879 1.52 Gooseberries : 0.0373 0.645 Loganberries : 0.0603 1.04 Red Raspberries : 0.0844 1.46 : Seed Crops, Cwt 14/ : Alfalfa : 19.30 334.00 Bentgrass : 18.90 327.00 Chewings Fescue : 10.00 173.00 Crimson Clover : 8.40 145.00 Hairy Vetch : 5.81 100.00 Ladino Clover : 24.70 427.00 Lespedeza : 8.31 144.00 Merion KY Bluegrass : 22.00 380.00 Orchardgrass : 7.16 124.00 Red Clover : 12.00 207.00 Red Fescue : 10.10 175.00 Tall Fescue : 3.67 63.50 Timothy : 6.40 111.00 : Vegetables, Fresh, Cwt 14/ : Artichokes : 4.55 78.70 Cabbage : 1.38 23.90 Cantaloupes : 2.13 36.80 Cucumbers : 2.28 39.40 Eggplant : 2.41 41.70 Escarole : 3.10 53.60 Garlic : 2.93 50.70 Green Peppers : 3.60 62.20 Snap Beans : 4.51 78.00 Spinach : 3.95 68.30 Watermelon : 0.846 14.60 : Vegetables, Processing, Ton 14/ : Beets : 7.79 135.00 Cabbage : 6.01 104.00 Lima Beans : 67.00 1,160.00 Spinach : 14.50 251.00 : Livestock and Products 14/ : Beeswax, Lb : 0.291 5.03 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Price and United States Parity Prices Based on data for January 2004 (continued) 1/ Adjusted base price 1910-14 derived by dividing the average of 10 season average prices 1994-2003, including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations, by 692 percent (120-month, Jan 1994-Dec 2003 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/ Equivalent packinghouse-door returns for CA, MI, NY (apples only), and WA (apples, peaches, and pears). Prices as sold for other states. 4/ Equivalent packinghouse-door returns for CA, MI, NY (apples only), and WA(apples, peaches, and pears). 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 2003 marketing year average prices are not yet available for these commodities. Therefore, the adjusted base prices are brought forward from 2002, 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 : 0.880 :: Sweetpotatoes :Dol/Cwt: 1.61 Rice Rough :Dol/Cwt: 1.81 :: Dry Edible Beans :Dol/Cwt: 3.39 Corn :Dol/Bu : 0.649 :: All Beef Cattle :Dol/Cwt: 5.52 Oats :Dol/Bu : 0.399 :: Calves :Dol/Cwt: 6.84 All Barley :Dol/Bu : 0.617 :: 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, 1994 - 2003 1/ --------------------------------------------------------------------------- : : : : : : : Commodity and Unit : 1994 : 1995 : 1996 : 1997 : 1998 : 1999 : 2000 --------------------------------------------------------------------------- : (1910-14=100) Index of Prices : Received by Farmers : 634 646 712 678 644 607 611 --------------------------------------------------------------------------- : Calendar Year Average Prices 3/ : : Dollars : Basic Commodities : Corn, Bu : 2.41 2.56 3.55 2.60 2.20 1.89 1.86 Cotton, Upland, Lb : 0.661 0.772 0.741 0.679 0.646 0.516 0.498 Cotton, Long Staple, Lb : 1.025 1.228 1.070 1.014 0.924 0.852 1.003 Tobacco, Type 32, Lb : 1.481 1.573 1.856 1.576 1.291 1.345 1.387 All Wheat, Bu : 3.52 4.09 4.77 3.71 2.90 2.58 2.57 Rice, Cwt : 8.20 7.60 9.62 10.01 9.40 7.60 5.69 : Designated Nonbasic Comm : All Milk, Cwt :13.00 12.80 14.90 13.30 15.50 14.40 12.30 : Other Nonbasic Comm : Field Crops and Misc : All Barley, Bu : 2.01 2.47 3.07 2.39 2.13 1.99 2.14 All Dry Beans, Cwt :24.60 21.90 23.70 20.90 20.40 17.90 15.10 Flaxseed, Bu : 4.49 5.05 5.92 6.11 5.72 4.38 3.45 All Hay, Baled, Ton :88.90 83.20 88.90 102.80 89.70 78.70 80.40 Oats, Bu : 1.29 1.45 2.01 1.72 1.34 1.15 1.17 Rye, Bu : 2.70 2.90 3.70 3.75 2.49 2.28 2.49 Sorghum, Cwt : 3.97 4.51 5.93 4.10 3.54 2.86 3.10 Soybeans, Bu : 6.11 5.85 7.27 7.40 5.93 4.57 4.73 Sweetpotatoes, Cwt :14.00 15.90 14.40 15.80 15.30 17.60 15.30 : Fruit : Apples, Fresh, Lb 4/ : 0.183 0.205 0.242 0.194 0.184 0.176 0.195 : Livestock and Products : Beef Cattle, Cwt :66.50 62.20 59.30 63.30 59.70 63.30 68.40 Calves, Cwt :87.10 74.80 58.70 82.30 82.30 89.60 105.80 Eggs, Doz : 0.609 0.639 0.758 0.696 0.665 0.609 0.636 All Hogs, Cwt :39.50 41.80 53.30 52.00 32.50 32.30 42.90 Lambs, Cwt :64.80 78.30 88.30 90.50 72.50 74.50 80.30 Sheep, Cwt :31.60 28.60 30.30 38.10 31.90 30.70 33.80 Turkeys, Lb : 0.407 0.411 0.435 0.401 0.379 0.407 0.414 --------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1994 - 2003 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1994-03 Average : : : : 1993-02 :---------------------- Commodity and Unit : 2001 : 2002 : 2003 : Average : As : For Parity : : : : :Computed :Purposes 2/ -------------------------------------------------------------------------------- : (1910-14=100) Index of Prices : Received by Farmers : 650 622 677 645 648 692 -------------------------------------------------------------------------------- : Calendar Year Average Prices 3/ : : Dollars : Basic Commodities : Corn, Bu : 1.89 2.13 2.27 2.33 2.34 2.62 Cotton, Upland, Lb : 0.389 0.336 0.518 0.578 0.576 0.780 Cotton, Long Staple, Lb: 0.856 0.860 1.150 0.970 0.998 0.999 Tobacco, Type 32, Lb : 1.554 1.364 1.432 1.486 1.486 All Wheat, Bu : 2.83 3.41 3.44 3.36 3.38 3.90 Rice, Cwt : 5.12 4.07 5.48 7.33 7.28 11.30 : Designated Nonbasic Comm : All Milk, Cwt : 15.00 12.10 12.50 13.60 13.60 : Other Nonbasic Comm : Field Crops and Misc : All Barley, Bu : 2.14 2.39 2.87 2.27 2.36 2.60 All Dry Beans, Cwt : 17.50 22.60 17.80 20.50 20.20 Flaxseed, Bu : 4.00 5.23 6.02 4.86 5.04 All Hay, Baled, Ton : 95.20 93.70 88.80 88.40 89.00 Oats, Bu : 1.42 1.88 1.72 1.48 1.51 1.53 Rye, Bu : 2.60 2.93 3.38 2.37 2.44 Sorghum, Cwt : 3.38 3.80 3.97 3.88 3.91 4.26 Soybeans, Bu : 4.43 4.93 6.09 5.73 5.73 6.17 Sweetpotatoes, Cwt : 15.40 16.70 20.80 15.60 16.10 : Fruit : Apples, Fresh, Lb 4/ : 0.180 0.241 0.246 0.198 0.205 : Livestock and Products : Beef Cattle, Cwt : 71.20 66.60 80.20 65.40 66.10 Calves, Cwt :106.70 97.60 104.00 88.10 88.90 Eggs, Doz : 0.604 0.598 0.752 0.644 0.657 All Hogs, Cwt : 44.10 33.30 37.60 41.70 40.90 Lambs, Cwt : 67.60 73.30 94.60 75.50 78.50 78.50 Sheep, Cwt : 35.80 28.90 35.50 31.90 32.50 Turkeys, Lb : 0.391 0.365 0.355 0.400 0.397 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1994-2003 1/ -------------------------------------------------------------------------- Commodity and Unit : 1994 : 1995 : 1996 : 1997 : 1998 : 1999 : : : : : : -------------------------------------------------------------------------- : Marketing Year Average Prices 3/ : : Dollars : Basic Commodities : Peanuts, Lb 18/ : 0.289 0.293 0.281 0.283 0.284 0.254 Tobacco, Lb : Types 11-14 : 1.698 1.790 1.834 1.720 1.756 1.737 Type 21 : 1.612 1.640 1.790 2.125 1.936 1.819 Ky-Tn Fire-Cured, : Types 22-23 : 2.092 2.172 2.245 2.256 2.225 2.298 Burley, Type 31 : 1.841 1.854 1.922 1.885 1.903 1.899 Types 35-36 : 1.685 1.762 1.952 2.017 2.017 2.039 Sun-Cured, Type 37 : 1.476 1.555 1.782 1.908 1.709 1.590 PA Seedleaf, Type 41 : 1.000 1.450 1.550 1.600 1.300 1.300 Cigar Filler & Binder : Types 42-44, 54-55 : 1.450 1.450 1.486 1.505 1.498 1.490 Puerto Rican Filler, : Type 46 7/ : Types 51-52 : 3.060 3.890 6.279 7.273 5.499 4.737 : Designated Nonbasic Comm : Honey, Wholesale, Lb : Extracted 8/ : 0.528 0.685 0.888 0.752 0.655 0.601 : Wool and Mohair 9/ : Wool, Lb : 0.780 1.040 0.700 0.840 0.600 0.380 Mohair, Lb : 2.56 1.84 1.92 2.25 2.49 3.46 : Other Nonbasic Comm : Field Crops and Misc : Cottonseed, Ton :101.00 106.00 126.00 121.00 129.00 89.00 Hops, Lb : 1.81 1.71 1.65 1.60 1.69 1.69 Peppermint Oil, Lb : 14.60 13.80 13.60 12.90 11.90 10.70 Potatoes, Cwt : 5.56 6.75 4.91 5.64 5.56 5.77 Spearmint Oil, Lb : 12.50 12.30 12.00 11.90 11.00 9.70 -------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1994-2003 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : : 1993-02 : 1994-03 Commodity and Unit : 2000 : 2001 : 2002 : 2003 : Average : Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 3/ : : Dollars : Basic Commodities : Peanuts, Lb 18/ : 0.274 0.234 0.182 0.188 0.268 0.256 Tobacco, Lb : Types 11-14 : 1.793 1.857 1.820 1.853 1.769 1.786 Type 21 : 1.637 1.759 1.884 1.641 1.792 1.784 Ky-Tn Fire-Cured, : Types 22-23 : 2.163 2.149 2.378 2.301 2.217 2.228 Burley, Type 31 : 1.963 1.973 1.974 1.990 1.903 1.920 Types 35-36 : 1.965 1.829 2.101 2.165 1.908 1.953 Sun-Cured, Type 37 : 1.800 1.686 1.778 1.707 1.681 1.699 PA Seedleaf, Type 41 : 20/ 1.650 1.450 1.600 1.361 1.426 Cigar Filler & Binder : Types 42-44, 54-55 : 1.550 1.650 1.750 1.750 1.526 1.558 Puerto Rican Filler, : Type 46 7/ : Types 51-52 : 4.916 5.589 5.369 4.250 4.961 5.086 : Designated Nonbasic Comm : Honey, Wholesale, Lb : Extracted 8/ : 0.597 0.704 1.286 6/ 0.724 6/ : Wool and Mohair 9/ : Wool, Lb : 0.330 0.360 0.530 6/ 0.607 6/ Mohair, Lb : 4.04 2.13 1.58 6/ 2.31 6/ : Other Nonbasic Comm : Field Crops and Misc : Cottonseed, Ton :105.00 90.50 101.00 117.00 108.00 109.00 Hops, Lb : 1.87 1.85 1.91 1.90 1.75 1.77 Peppermint Oil, Lb : 10.80 10.90 11.90 12.00 12.40 12.30 Potatoes, Cwt : 5.08 6.99 6.69 6/ 5.91 6/ Spearmint Oil, Lb : 9.06 9.10 9.12 9.50 10.90 10.60 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1994-2003 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1994 : 1995 : 1996 : 1997 : 1998 : 1999 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 3/ : : Dollars : Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 17.80 6/ 6/ 6/ 6/ 6/ : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 2.30 2.32 1.93 2.00 3.17 3.87 Lemons : 7.52 6.37 8.36 6.57 8.85 9.49 Oranges : 4.23 4.79 4.22 4.29 5.47 3.58 Tangerines : 12.21 11.10 9.48 8.84 12.55 7.15 Temples : 3.47 4.44 3.22 3.07 5.12 2.55 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 114.00 159.00 171.00 130.00 94.60 128.00 Apricots, Ton : Fresh 14/ : 546.00 900.00 1,170.00 558.00 579.00 638.00 Processing 11/ : Dried (CA) :1,890.00 2,090.00 2,240.00 1,810.00 1,860.00 20/ Excl Dried : 305.00 282.00 285.00 273.00 260.00 295.00 Avocados, Ton :1,380.00 1,300.00 1,430.00 1,560.00 2,160.00 1,940.00 Cherries : Sweet, Ton :1,040.00 1,260.00 1,470.00 1,250.00 1,090.00 1,100.00 Tart, Lb : 0.163 0.059 0.161 0.159 0.145 0.218 Cranberries, Bbl : 49.30 53.40 65.90 63.70 36.60 17.20 Dates, (CA) Ton : 750.00 780.00 1,090.00 1,100.00 1,220.00 1,240.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 923.00 980.00 1,070.00 908.00 1,250.00 1,220.00 Excl Raisin Var Dr : 376.00 399.00 483.00 497.00 508.00 522.00 Kiwifruit, Ton 12/ : 491.00 459.00 470.00 518.00 744.00 634.00 Nectarines, (CA) Ton : Fresh 12/ : 286.00 20/ 20/ 20/ 20/ 437.00 Processing 11/ : 25.00 20/ 20/ 20/ 20/ 27.90 Olives (CA), Ton : Processing 13/ : Crushed for Oil : 11.00 11.00 11.00 11.00 11.00 200.00 Excl Crushed : 489.00 681.00 643.00 665.00 481.00 394.00 Canning 13/ : 551.00 779.00 745.00 760.00 590.00 513.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1994-2003 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1993-02 :1994-03 Commodity and Unit : 2000 : 2001 : 2002 : 2003 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 3/ : : Dollars : Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 6/ 6/ 6/ 6/ 17.40 6/ : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 2.50 2.64 2.75 6/ 2.68 6/ Lemons : 4.96 11.36 6.59 6/ 7.63 6/ Oranges : 3.85 4.25 3.73 6/ 4.28 6/ Tangerines : 7.92 9.59 10.06 6/ 9.85 6/ Temples : 2.05 2.19 2.35 6/ 3.12 6/ : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 101.00 108.00 130.00 20/ 124.00 6/ Apricots, Ton : Fresh 14/ : 573.00 650.00 678.00 618.00 710.00 690.00 Processing 11/ : Dried (CA) :1,860.00 1,960.00 1,590.00 1,760.00 1,950.00 1,890.00 Excl Dried : 283.00 257.00 268.00 261.00 278.00 277.00 Avocados, Ton :1,380.00 1,670.00 1,920.00 6/1,650.00 6/ Cherries : Sweet, Ton :1,340.00 1,230.00 1,550.00 1,390.00 1,252.00 1,272.00 Tart, Lb : 0.187 0.186 0.448 0.371 0.185 0.210 Cranberries, Bbl : 18.10 23.80 30.20 31.80 40.80 39.00 Dates, (CA) Ton :1,230.00 1,360.00 1,550.00 1,430.00 1,111.00 1,175.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 569.00 570.00 393.00 520.00 882.00 840.00 Excl Raisin Var Dr : 510.00 558.00 490.00 6/ 472.00 6/ Kiwifruit, Ton 12/ : 455.00 667.00 783.00 6/ 559.00 6/ Nectarines, (CA) Ton : Fresh 12/ : 407.00 480.00 382.00 436.00 443.00 436.00 Processing 11/ : 24.00 26.00 20/ 20/ 26.10 25.80 Olives (CA), Ton : Processing 13/ : Crushed for Oil : 300.00 300.00 240.00 238.00 110.60 133.30 Excl Crushed : 677.00 681.00 593.00 439.00 579.00 574.00 Canning 13/ : 769.00 770.00 662.00 475.00 670.00 661.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1994-2003 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1994 : 1995 : 1996 : 1997 : 1998 : 1999 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 3/ : : Dollars : Papayas (HI), Fresh, Lb : 0.243 0.435 0.448 0.529 0.350 0.402 : Peaches : Fresh, Lb 14/ : 0.188 0.260 0.331 0.244 0.306 0.290 Processing 11/ : Dried (CA), Ton : 856.00 894.00 726.00 612.00 544.50 619.50 Excluding Dried, Ton : Clingstone CA, Ton : 180.00 213.00 219.00 260.00 219.00 225.00 Freestone, Ton : 187.00 187.00 181.00 194.00 186.00 185.00 : Pears : Fresh, Ton 4/ : 258.00 343.00 496.00 329.00 373.00 393.00 Processing, Ton 11/ : Dried (CA) : 942.00 919.00 1,290.00 1,020.00 1,500.001,040.00 Excluding Dried : 184.00 177.00 223.00 213.00 199.00 184.00 : Plums (CA), Ton : Fresh 20/ : 20/ 20/ 20/ 20/ 20/ 20/ Processing 20/ : 20/ 20/ 20/ 20/ 20/ 20/ : Prunes, Dried, CA, Ton 11/:1,090.00 1,040.00 839.00 883.00 764.00 861.00 : Prunes & Plums, Ex CA, Ton: Fresh 14/ : 255.00 441.00 575.00 448.00 476.00 232.00 Processing 11/ : 105.00 145.00 267.00 134.00 162.00 182.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.602 0.604 0.565 0.656 0.741 0.735 Processing : 0.291 0.262 0.204 0.271 0.319 0.330 : Sugar Crops, Ton 17/ : Sugarbeets : 38.80 38.10 45.40 38.80 36.40 37.20 Sugarcane : 29.20 29.50 28.30 28.10 27.30 25.60 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1994-2003 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1993-02 :1994-03 Commodity and Unit : 2000 : 2001 : 2002 : 2003 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 3/ : : Dollars : Papayas (HI), Fresh, Lb : 0.316 0.279 0.277 0.324 0.351 0.360 : Peaches : Fresh, Lb 14/ : 0.279 0.309 0.311 0.301 0.274 0.282 Processing 11/ : Dried (CA), Ton : 728.00 514.00 456.00 446.00 666.00 640.00 Excluding Dried, Ton : Clingstone CA, Ton : 250.00 244.00 247.00 215.00 228.00 227.00 Freestone, Ton : 176.00 190.00 184.00 194.00 186.00 186.00 : Pears : Fresh, Ton 4/ : 318.00 333.00 359.00 369.00 348.00 357.00 Processing, Ton 11/ : Dried (CA) : 909.00 1,210.00 1,315.00 1,350.00 1,112.001,150.00 Excluding Dried : 190.00 175.00 206.00 207.00 196.00 196.00 : Plums (CA), Ton : Fresh 20/ : 20/ 20/ 20/ 20/ 395.00 397.00 Processing 20/ : 20/ 20/ 20/ 20/ 22.00 25.40 : Prunes, Dried, CA, Ton 11/: 770.00 726.00 810.00 730.00 890.00 851.00 : Prunes & Plums, Ex CA, Ton: Fresh 14/ : 321.00 345.00 396.00 446.00 370.00 394.00 Processing 11/ : 178.00 185.00 204.00 257.00 172.00 182.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.649 0.758 0.714 0.755 0.656 0.678 Processing : 0.245 0.292 0.331 0.281 0.283 0.283 : Sugar Crops, Ton 17/ : Sugarbeets : 34.20 39.80 39.30 6/ 38.70 6/ Sugarcane : 26.10 29.00 28.40 6/ 28.00 6/ -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1994-2003 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1994 : 1995 : 1996 : 1997 : 1998 : 1999 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 3/ : : Dollars : Tree Nuts 18/ : Almonds, Lb : 1.34 2.48 2.08 1.56 1.41 0.86 Hazelnuts, Ton : 835.00 913.00 860.00 899.00 964.00 890.00 Pecans, All, Ton :2,080.00 2,020.00 1,282.00 1,548.00 2,420.001,628.00 Pistachio, All Lb : 0.92 1.09 1.16 1.13 1.03 1.33 Walnuts, Ton :1,030.00 1,400.00 1,580.00 1,430.00 1,050.00 886.00 : Vegetables, Fresh, Cwt 15/: Asparagus : 100.00 113.00 92.90 108.00 124.00 131.00 Broccoli 19/ : 27.50 29.30 27.10 28.50 29.50 24.10 Carrots 19/ : 12.90 16.70 13.40 12.90 12.00 16.80 Cauliflower 19/ : 28.20 33.20 32.90 31.60 32.80 30.00 Celery 19/ : 11.80 16.30 10.50 14.70 12.30 12.00 Honeydew Melons : 16.40 20.60 17.00 18.90 21.10 21.60 Lettuce : 13.30 23.50 14.70 17.50 16.10 13.30 Onions 19/ : 9.80 9.90 10.50 12.60 13.80 9.78 Sweet Corn : 17.20 18.30 16.90 17.70 17.20 17.20 Tomatoes : 27.40 25.50 28.10 31.70 35.20 25.90 : Vegetables, Proc. Ton 11/ : Asparagus :1,050.00 1,150.00 1,210.00 1,220.00 1,200.001,180.00 Green Peas : 254.00 267.00 284.00 288.00 282.00 275.00 Snap Beans : 166.00 173.00 178.00 176.00 172.00 173.00 Sweet Corn : 68.50 75.60 78.50 74.90 73.30 71.10 Tomatoes : 62.10 63.20 62.30 60.70 65.30 71.10 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1994-2003 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1993-02 :1994-03 Commodity and Unit : 2000 : 2001 : 2002 : 2003 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 3/ : : Dollars : Tree Nuts 18/ : Almonds, Lb : 0.97 0.91 1.11 1.42 1.47 1.41 Hazelnuts, Ton : 891.00 701.00 1,000.00 1,050.00 859.00 900.00 Pecans, All, Ton :2,280.00 1,188.00 1,910.00 2,000.00 1,750.001,840.00 Pistachio, All Lb : 1.01 1.01 1.10 1.15 1.10 1.10 Walnuts, Ton :1,240.00 1,120.00 1,080.00 6/ 1,220.00 6/ : Vegetables, Fresh, Cwt 15/: Asparagus : 117.00 140.00 110.00 116.00 113.20 115.20 Broccoli 19/ : 30.40 26.00 30.70 31.50 28.00 28.50 Carrots 19/ : 13.10 17.20 19.00 19.10 14.60 15.30 Cauliflower 19/ : 32.00 29.20 32.00 33.00 31.20 31.50 Celery 19/ : 18.50 14.40 12.80 13.60 13.80 13.70 Honeydew Melons : 19.20 21.10 18.00 18.90 19.20 19.30 Lettuce : 17.40 17.90 21.20 18.20 17.10 17.30 Onions 19/ : 11.30 11.40 12.40 15.00 11.60 11.60 Sweet Corn : 18.20 19.50 19.20 19.10 17.90 18.10 Tomatoes : 30.80 30.40 32.30 37.00 29.90 30.40 : Vegetables, Proc. Ton 11/ : Asparagus :1,180.00 1,040.00 1,110.00 1,170.00 1,135.001,151.00 Green Peas : 248.00 264.00 252.00 250.00 267.00 266.00 Snap Beans : 171.00 161.00 151.00 157.00 170.00 168.00 Sweet Corn : 73.40 72.90 68.20 70.80 72.90 72.70 Tomatoes : 59.80 59.20 58.20 58.60 62.20 62.10 -------------------------------------------------------------------------------- 1/ Average used to compute "adjusted base prices". 2004 and 1994-2003 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 1993-2002 and 1994-2003 columns. 4/ Equivalent packinghouse-door returns for CA, NY (applies 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 1993-2002 and 1994-2003 averages for parity purposes include this allowance. 10/ Consistent with legislation quoted in this report, citrus prices shown for 2002 relate to the citrus crop designated as 2002-2003 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 Farmers, by Months and Annual Average, United States, 2000-2004 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : All Farm Products : : 1910-14 = 100 : 2000 : 573 584 601 637 635 624 613 612 618 592 622 622 611 2001 : 613 635 656 672 684 682 684 699 674 600 595 600 650 2002 : 602 625 667 598 610 616 626 633 623 606 618 636 622 2003 : 632 628 628 643 671 682 665 693 702 718 745 720 677 2004 : 708 708 : : 1990-92 = 100 : 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 95 102 2002 : 95 98 105 94 96 97 98 100 98 95 97 100 98 2003 : 100 99 99 101 106 107 105 109 110 113 117 113 107 2004 : 111 111 : : All Crops : : 1910-14 = 100 : 2000 : 436 450 469 504 508 485 466 476 479 448 477 472 473 2001 : 465 484 489 506 517 502 512 537 505 435 441 471 489 2002 : 462 501 580 494 515 517 537 556 537 501 513 530 520 2003 : 508 511 522 548 574 577 537 558 546 547 579 566 548 2004 : 569 569 : : 1990-92 = 100 : 2000 : 88 91 95 102 103 98 94 96 97 91 97 96 96 2001 : 94 98 99 103 105 102 104 109 102 88 89 95 99 2002 : 94 102 118 100 104 105 109 113 109 102 104 107 106 2003 : 103 104 106 111 116 117 109 113 111 111 117 115 111 2004 : 115 115 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Months and Annual Average, United States, 2000-2004 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Food Grains : : 1910-14 = 100 : 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 : 284 270 271 267 274 302 333 365 411 410 394 396 331 2003 : 372 336 326 316 326 323 311 344 350 353 368 386 343 2004 : 389 389 : : 1990-92 = 100 : 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 95 105 115 129 129 124 125 104 2003 : 117 106 102 99 102 102 98 108 110 111 116 122 108 2004 : 122 122 : : Feed Grains and Hay : : 1910-14 = 100 : 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 : 322 325 327 328 337 351 364 394 398 377 370 378 356 2003 : 375 380 380 381 392 391 366 364 359 343 352 370 371 2004 : 384 384 : : 1990-92 = 100 : 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 94 98 102 110 111 105 104 106 100 2003 : 105 106 106 107 110 109 102 102 101 96 99 104 104 2004 : 107 107 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Months and Annual Average, United States, 2000-2004 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Cotton : : 1910-14 = 100 : 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 : 231 237 240 230 226 285 298 292 303 333 363 374 284 2003 : 385 393 411 384 388 385 391 391 471 575 536 542 438 2004 : 539 539 : : 1990-92 = 100 : 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 57 59 65 71 73 56 2003 : 75 77 80 75 76 75 76 76 92 112 105 106 85 2004 : 105 105 : : Tobacco : : 1910-14 = 100 : 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 1561 1574 1609 1704 1735 1638 2003 :1817 1796 1552 1065 1570 1578 1635 1639 1726 1717 1610 2004 :1713 1713 : : 1990-92 = 100 : 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 98 107 103 104 106 113 115 108 2003 : 120 119 103 70 104 104 108 108 114 114 106 2004 : 113 113 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. 2/ Missing data indicates insufficient sales volume to establish a price. Indexes of Prices Received by Farmers, by Months and Annual Average, United States, 2000-2004 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Oil-Bearing Crops : : 1910-14 = 100 : 2000 : 451 471 479 487 507 480 442 432 464 444 464 481 467 2001 : 458 438 428 412 423 437 468 473 445 407 422 427 437 2002 : 415 419 432 440 455 483 528 538 483 494 530 537 480 2003 : 540 548 550 571 594 597 570 554 529 608 665 692 585 2004 : 758 758 : : 1990-92 = 100 : 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 98 88 90 97 98 88 2003 : 99 100 101 104 109 109 104 101 97 111 122 126 107 2004 : 139 139 : : Fruit and Nuts : : 1910-14 = 100 : 2000 : 598 614 611 677 609 732 753 761 790 776 698 564 682 2001 : 601 588 677 731 671 852 888 907 900 884 794 669 764 2002 : 589 582 670 633 732 798 815 864 869 863 765 649 736 2003 : 567 575 605 679 752 813 841 848 854 849 794 645 735 2004 : 612 612 : : 1990-92 = 100 : 2000 : 86 88 88 97 87 105 108 109 113 111 100 81 98 2001 : 86 84 97 105 96 122 127 130 129 127 114 96 109 2002 : 84 83 96 91 105 114 117 124 124 124 110 93 105 2003 : 81 82 87 97 108 117 120 122 122 122 114 92 105 2004 : 88 88 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Months and Annual Average, United States, 2000-2004 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Commercial Vegetables : : 1910-14 = 100 : 2000 : 655 572 718 906 873 785 795 862 957 834 963 769 807 2001 : 815 988 920 916 953 796 829 961 896 682 676 1008 870 2002 :1055 1271 1810 808 801 739 779 799 791 712 775 1031 948 2003 : 768 753 813 911 947 1022 794 934 969 969 1229 1082 933 2004 : 924 924 : : 1990-92 = 100 : 2000 : 98 86 107 136 131 117 119 129 143 125 144 115 121 2001 : 122 148 138 137 143 119 124 144 134 102 101 151 130 2002 : 158 190 271 121 120 111 117 120 118 106 116 154 142 2003 : 115 113 122 136 142 153 119 140 145 145 184 162 140 2004 : 138 138 : : Potatoes and Dry Beans : : 1910-14 = 100 : 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 : 620 645 715 699 748 806 884 651 520 466 524 547 652 2003 : 549 560 557 630 606 544 541 532 437 418 474 481 527 2004 : 489 489 : : 1990-92 = 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 : 123 127 141 138 148 159 175 129 103 92 104 108 129 2003 : 108 111 110 124 120 108 107 105 86 83 94 95 104 2004 : 97 97 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Months and Annual Average, United States, 2000-2004 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Crops : : 1910-14 = 100 : 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 : 561 561 561 561 561 561 561 561 561 561 561 561 561 2003 : 564 564 564 564 564 564 564 564 564 564 564 564 564 2004 : 569 569 : : 1990-92 = 100 : 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 : 114 114 114 114 114 114 114 114 114 114 114 114 114 2003 : 114 114 114 114 114 114 114 114 114 114 114 114 114 2004 : 115 115 : : Food Commodities : : 1990-92 = 100 : 2000 : 90 91 94 101 100 98 98 98 99 94 100 98 97 2001 : 97 101 105 108 110 109 109 113 109 96 97 96 104 2002 : 96 99 108 93 95 95 97 97 95 93 96 99 97 2003 : 98 96 96 99 105 107 104 110 112 116 122 115 107 2004 : 112 112 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Months and Annual Average, United States, 2000-2004 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Products : : 1910-14 = 100 : 2000 : 710 710 723 756 745 754 757 738 750 744 763 775 744 2001 : 764 780 821 833 846 864 857 852 848 798 760 716 812 2002 : 735 734 723 684 681 689 678 669 655 664 684 698 691 2003 : 734 728 716 717 741 759 775 810 846 889 900 858 789 2004 : 822 822 : : 1990-92 = 100 : 2000 : 93 93 94 98 97 98 99 96 98 97 99 101 97 2001 : 100 102 107 109 110 113 112 111 111 104 99 93 106 2002 : 96 96 94 89 89 90 88 87 85 87 89 91 90 2003 : 96 95 93 93 97 99 101 106 110 116 117 112 103 2004 : 107 107 : : Meat Animals : : 1910-14 = 100 : 2000 : 913 933 962 1009 991 983 975 938 916 933 939 968 955 2001 : 987 999 1047 1052 1046 1055 1033 1016 976 925 873 862 989 2002 : 916 947 937 884 868 868 882 859 821 857 869 896 884 2003 : 949 964 948 973 1014 1028 1026 1060 1102 1175 1183 1124 1046 2004 :1014 1014 : : 1990-92 = 100 : 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 86 88 87 2003 : 93 95 93 96 100 101 101 104 108 116 116 111 103 2004 : 100 100 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Months and Annual Average, United States, 2000-2004 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Dairy Products : : 1910-14 = 100 : 2000 : 737 725 725 731 737 756 774 768 793 768 774 799 757 2001 : 799 805 854 897 953 996 996 1014 1051 959 885 830 920 2002 : 836 805 774 768 744 707 682 694 713 744 731 731 744 2003 : 719 701 676 676 682 682 737 811 885 922 891 842 769 2004 : 805 805 : : 1990-92 = 100 : 2000 : 92 90 90 91 92 94 96 96 99 96 96 100 94 2001 : 100 100 106 112 119 124 124 126 131 119 110 103 115 2002 : 104 100 96 96 93 88 85 87 89 93 91 91 93 2003 : 90 87 84 84 85 85 92 101 110 115 111 105 96 2004 : 100 100 : : Poultry and Eggs : : 1910-14 = 100 : 2000 : 282 273 276 297 287 297 299 296 320 311 334 319 299 2001 : 296 312 326 325 324 330 335 337 341 338 329 278 323 2002 : 284 271 271 244 257 280 265 262 258 243 269 270 265 2003 : 303 291 291 279 288 307 307 316 322 330 352 339 310 2004 : 373 373 : : 1990-92 = 100 : 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 99 115 2002 : 101 96 96 87 92 100 94 93 92 86 96 96 94 2003 : 108 104 103 99 102 109 109 112 115 117 125 121 110 2004 : 133 133 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Parity Price Equivalent for Manufacturing Grade Milk By direction of the Secretary of Agriculture, the parity price equivalent for manufacturing grade milk is determined as follows: (1) Based on data for the 10 calendar years immediately preceding, compute the ratio of (a) the average price received by farmers, f.o.b. plant, for all manufacturing grade milk to (b) the average price 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 2004 is 90.4, unchanged from 2003. The parity price for all milk sold to plants is $34.00 per cwt. This price multiplied by 90.4 percent, results in $30.74 per cwt as the parity price equivalent for manufacturing milk of average milkfat content. In 2003, the simple average of monthly fat tests for manufacturing grade milk was 3.82 percent. The fat test ranged from a low of 3.62 in July to a high of 3.98 percent in December. Average price January 2003 - December 2003 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 2003 . . . . . . . . . . . . . . . . . . . 29.83 b. December 2003 . . . . . . . . . . . . . . . . . . 30.92 c. January 2004 . . . . . . . . . . . . . . . . . . . 30.74 Manufacturing Grade Milk: Average Price Per Cwt Received 1/, by Months, United States, January 1994-December 2003 -------------------------------------------------------------------------------- : : : : : : : : : : : : Year : Jan : Feb : Mar : Apr : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec : : : : : : : : : : : : -------------------------------------------------------------------------------- : : Dollars : 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 :12.50 11.90 11.30 11.30 11.10 10.30 9.60 9.90 10.40 11.30 10.70 10.70 2003 :10.50 10.30 9.80 9.90 10.10 10.20 11.50 13.20 14.10 14.70 13.80 12.70 -------------------------------------------------------------------------------- 1/ Before hauling costs are deducted and including premiums paid to farmers. 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 130 (1990-92=100), unchanged from December 2003 but 3.2 percent above January 2003. PRODUCTION INDEX: The index, at 127, is unchanged from last month but 4.1 percent above last year. Lower prices in January for feeder cattle, feed concentrates, herbicides, and insecticides offset higher prices paid for complete feeds, nitrogen fertilizers, feed grains, and LP gas. Feed: The index, at 123, is 0.8 percent above December and 7.9 percent above last January. Since December, lower prices for feed concentrates and hay & forages partially offset higher prices for complete feeds, feed grains, and feed supplements. Livestock & Poultry: The index for livestock and poultry purchases, at 112, is 5.9 percent lower than last month but 6.7 percent above last year. Since December, lower prices for feeder cattle more than offset higher prices for feeder pigs and milk cows. The January feeder cattle price, at $95.30 per cwt, is down $7.70 per cwt from the December price. The January feeder pig price increased $6.00 to $94.00 per cwt. Milk cows, at $1,390 per head, are up $20 since October. Fertilizer: The index, at 132, is up 2.3 percent from December and 18 percent more than January a year ago. Since December, prices are higher for nitrogen fertilizers and potash & phosphate materials. Agricultural Chemicals: The index, at 119, is down 1.7 percent from last month and 2.5 percent below last January. Prices for herbicides, insecticides, and other chemicals are lower. Fuels: The index, at 148, is up 5.0 percent from a month earlier and 5.7 percent above January 2003. Compared to last month, prices are higher for LP gas, diesel fuel, and gasoline. Farm Machinery: The index is 150, unchanged from December but 0.7 percent above last January. CONSUMER PRICE INDEX: The December 2003 Consumer Price Index for all urban consumers (CPI-U) decreased 0.1 percent before seasonal adjustment to a level of 184.3 (1982-84=100). This compares to the November index of 184.5. For the 12-month period ending in December, the overall index has increased 1.9 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, January 2004 With Comparisons -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2003 : 2004 : 2003 : 2004 Ratios :---------------------------------------------- : Jan : Dec : Jan : Jan : Dec : Jan : Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1,684 *1,727 1,729 126 130 130 Production : 1,183 *1,230 1,230 122 *127 127 Feed : 556 *596 599 114 *122 123 Livestock and Poultry : 1,340 *1,520 1,438 105 119 112 Seeds : 1,426 1,553 1,553 144 157 157 Fertilizer : 412 *472 482 112 *129 132 Agricultural Chemicals : 752 *745 737 122 *121 119 Fuels : 1,080 *1,088 1,143 140 *141 148 Supplies & Repairs : 941 *949 949 133 *134 134 Autos & Trucks : 3,083 *3,050 3,061 116 115 115 Farm Machinery : 3,731 *3,760 3,760 149 150 150 Building Material : 1,655 *1,701 1,701 122 *125 125 Farm Services & Rent : 1,440 1,442 1,447 Farm Services : 121 122 122 Rent : 120 120 120 Interest 1/ : 2,599 2,599 2,616 104 104 104 Taxes 2/ : 3,426 3,426 3,474 128 128 130 Wage Rates : 6,035 5,848 5,848 161 156 156 Production, Interest, Taxes, : & Wage Rates (PITW) : 1,675 *1,722 1,725 125 *128 128 Family Living-CPI 3/ : 1,726 *1,750 1,750 135 137 137 : : :---------------------------------------------- Ratio (Received\Paid) : 79 *87 85 Parity Ratio 4/ : 38 42 41 Parity Ratio Adjusted : 41 *45 43 PPITW Adjusted for : Productivity 5/ : 1177 *1175 1189 : : :---------------------------------------------- Crop Sector (PPITW) : 129 *132 132 Livestock Sector (PPITW) : 123 *128 127 : : :---------------------------------------------- Farm Sector (Production) : 115 *126 124 Non-Farm Sector (Production) : 125 127 128 -------------------------------------------------------------------------------- * 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/ 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 2004 With Comparisons -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 1/ : 2003 : 2004 :----------------------------------------------------- : 2003 : 2004 : Jan : Dec : Jan -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 66.7 66.2 122 *127 127 : Feed : 11.0 10.7 114 *122 123 Feed Grains : 1.6 1.5 102 *102 107 Complete Feeds : 5.4 5.2 115 *123 126 Hay/Forages : 1.4 1.3 121 106 106 Concentrates : 1.7 1.7 104 *140 131 Supplements : 0.9 0.9 135 *140 141 Livestock & Poultry : 7.2 7.4 105 119 112 Feeder Cattle : 5.6 5.8 99 122 113 Feeder Pigs : 0.6 0.6 138 *96 102 Milk Cow Replacements : 0.6 0.6 121 121 123 Poultry : 0.4 0.4 111 111 111 Seeds : 3.2 3.3 144 157 157 Field Crops : 2.9 3.0 147 162 162 Grasses/Legumes : 0.3 0.3 118 109 109 Fertilizer : 4.5 4.4 112 *129 132 Mixed Fertilizer : 2.0 1.9 107 114 114 Nitrogen : 1.9 1.8 122 *150 156 Potash & Phosphate : 0.6 0.6 102 *111 114 Agricultural Chemicals : 3.8 3.7 122 *121 119 Herbicides : 2.4 2.4 112 *112 110 Insecticides : 0.9 0.9 145 *148 147 Fungicides/Other : 0.5 0.5 125 *115 113 Fuels : 2.7 2.7 140 *141 148 Diesel : 1.5 1.5 136 *135 139 Gasoline : 0.8 0.8 132 *132 138 LP Gas : 0.4 0.4 173 *184 204 Farm Supplies & Repairs : 5.5 5.4 133 *134 134 Supplies : 1.8 1.8 124 125 125 Repairs : 3.6 3.6 137 138 138 Autos & Trucks : 1.8 1.8 116 115 115 Autos : 0.2 0.2 109 108 108 Trucks : 1.5 1.6 117 116 116 Farm Machinery : 4.0 4.0 149 150 150 Tractors : 0.9 0.9 140 143 143 Self-Propelled : 1.6 1.6 148 149 149 Other Machinery : 1.5 1.5 155 155 155 Building Materials : 3.1 3.3 122 *125 125 Farm Services : 12.4 12.4 121 122 122 Custom Rates : 1.3 1.3 125 125 125 Other Services : 11.1 11.1 121 *121 122 Rent : 7.4 7.1 120 120 120 Cash : 4.0 3.8 145 145 145 Share : 3.4 3.3 91 91 91 Interest : 4.7 4.7 104 104 104 Taxes : 3.0 3.0 128 128 130 Wage Rates : 7.4 7.6 161 156 156 Family Living-CPI : 18.2 18.5 135 137 137 -------------------------------------------------------------------------------- * Revised. 1/ Weights may not add due to rounding. Feed Price Ratios: United States, January 2004 with Comparisons -------------------------------------------------------------------------------- : 2003 : 2004 Feed Price Ratio 1/ :----------------------------- : Jan : Dec : Jan -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 5.6 5.1 5.4 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 9.0 *12.1 12.3 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 14.2 *14.7 14.5 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 2.40 *2.81 2.62 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 33.4 *41.3 33.0 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 5.7 5.6 4.9 -------------------------------------------------------------------------------- * Revised. 1/ Effective January 1995, prices of commercial prepared feeds are based on current U.S. prices received for corn, soybeans, alfalfa hay, and all wheat. Prices Used to Calculate Feed Price Ratios: United States, January 2004 with Comparisons -------------------------------------------------------------------------------- : : 2003 : 2004 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.350 0.380 0.430 Eggs, Market : Doz : 0.489 0.739 0.806 : : Hogs, All : Cwt : 33.00 *34.20 35.70 Milk, All : Cwt : 11.70 13.70 13.10 : : Steers and Heifers : Cwt : 77.80 *95.70 81.20 Turkeys, Live : Lb : 0.346 0.377 0.349 : : Corn : Bu : 2.33 2.32 2.46 Hay, Alfalfa, Baled : Ton : 98.50 87.90 83.60 : : Soybeans : Bu : 5.51 *7.17 7.82 Wheat, All : Bu : 3.89 *3.69 3.73 -------------------------------------------------------------------------------- * Revised. Feeder Livestock: Prices Paid, United States January 2004 with Comparisons -------------------------------------------------------------------------------- : : 2003 : 2004 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 84.00 103.00 95.30 Feeder Pigs : Cwt : 127.00 *88.00 94.00 -------------------------------------------------------------------------------- * Revised. Grazing Fee Rates for Cattle by Selected States and Regions -------------------------------------------------------------------------------- : Survey Average Rates 1/ :-------------------------------------------------------------- State : Animal Unit 2/ : Cow-Calf : Per Head :-------------------------------------------------------------- : 2002 : 2003 : 2002 : 2003 : 2002 : 2003 -------------------------------------------------------------------------------- : Dollars per Month : AZ : 7.30 7.50 7/ 7/ 7.80 8.50 : CA : 12.80 13.50 16.50 17.50 14.00 14.30 : CO : 12.60 13.00 14.90 14.60 12.80 13.50 : ID : 11.70 12.00 13.70 14.00 12.20 12.60 : KS : 13.00 13.50 16.00 16.50 13.00 13.50 : MT : 15.10 15.20 17.30 17.40 16.30 15.90 : NE : 20.90 21.60 25.00 26.00 22.00 23.40 : NV : 10.50 10.50 11.50 11.80 11.50 11.80 : NM : 8.80 8.60 10.70 12.40 9.90 10.00 : ND : 12.50 13.50 13.50 14.50 12.00 14.00 : OK : 7.50 7.00 8.50 9.00 7.50 7.50 : OR : 11.80 12.50 12.60 14.80 10.20 12.20 : SD : 16.90 17.30 19.10 20.20 18.00 19.20 : TX : 9.00 8.50 10.00 9.00 9.20 9.00 : UT : 11.60 11.60 13.70 13.40 12.10 12.50 : WA : 9.60 11.20 11.00 11.70 9.60 11.20 : WY : 13.50 13.40 15.60 15.50 14.00 13.90 : 17-State 3/ : 12.30 12.30 14.20 14.40 12.70 13.10 : 16-State 4/ : 13.50 13.80 15.80 16.40 14.00 14.60 : 11-State 5/ : 12.50 12.80 14.60 15.10 13.00 13.40 : 9-State 6/ : 12.20 12.10 14.10 14.10 12.60 12.90 -------------------------------------------------------------------------------- 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/ 17 Western States: All States listed. 4/ 16 Western States: All States except Texas. 5/ 11 Western States: AZ, CA, CO, ID, MT, NV, NM, OR, UT, WA, and WY. 6/ 9 Great Plains States: CO, KS, NE, NM, ND, OK, SD, TX, and 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. 2003 Prices Paid Index for Beef Cattle Production (1964-68=100) 1/: 593 1/ The Index of Prices Paid by Farmers and Ranchers for Beef Cattle Production input items is for the period of November 2002 through October 2003. 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. Beef Cattle: Prices Received, Selected Regions, 2003 1/ -------------------------------------------------------------------------------- State : Beef Cattle -------------------------------------------------------------------------------- : Dollars Per Cwt : 9 Great Plains States 2/ : 77.56 11 Western States 3/ : 75.33 16 Western States 4/ : 76.53 17 Western States 5/ : 76.45 -------------------------------------------------------------------------------- 1/ Average for November 2002 through October 2003, except NV, UT, and WA which are marketing year averages. 2/ CO, KS, NE, NM, ND, OK, SD, TX, and WY. 3/ AZ, CA, CO, ID, MT, NM, NV, OR, UT, WA, and WY. 4/ Eleven Western States plus KS, NE, ND, OK, and SD. 5/ Sixteen Western States plus TX. Prices Paid Indexes: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : 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 : 2000 :1567 1577 1585 1587 1587 1594 1593 1583 1596 1611 1616 1626 1594 2001 :1656 1651 1646 1646 1646 1647 1641 1642 1644 1636 1626 1620 1642 2002 :1628 1628 1634 1639 1634 1637 1640 1648 1657 1666 1661 1666 1645 2003 :1684 1698 1704 1700 1696 1699 1694 1695 1711 1725 1727 1727 1705 2004 :1729 1729 : : 1990-92 = 100 : 2000 : 118 118 119 119 119 120 120 119 120 121 121 122 120 2001 : 124 124 124 124 124 124 123 123 123 123 122 122 123 2002 : 122 122 123 123 123 123 123 124 124 125 125 125 124 2003 : 126 128 128 128 127 128 127 127 129 130 130 130 128 2004 : 130 130 : : Items Used for Production, Interest, Taxes, and Wage Rates : (PITW) : : 1910-14 = 100 : 2000 :1560 1569 1576 1579 1578 1585 1583 1570 1585 1602 1609 1620 1585 2001 :1654 1647 1640 1639 1637 1638 1631 1632 1633 1625 1614 1608 1633 2002 :1616 1615 1620 1624 1618 1621 1625 1633 1643 1653 1648 1654 1631 2003 :1675 1689 1694 1690 1686 1688 1683 1682 1701 1718 1722 1722 1696 2004 :1725 1725 : : 1990-92 = 100 : 2000 : 116 117 117 118 117 118 118 117 118 119 120 121 118 2001 : 123 123 122 122 122 122 121 122 122 121 120 120 122 2002 : 120 120 121 121 120 121 121 122 122 123 123 123 121 2003 : 125 126 126 126 126 126 125 125 127 128 128 128 126 2004 : 128 128 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Items Used for Production : : 1910-14 = 100 : 2000 :1102 1110 1116 1119 1118 1124 1125 1114 1127 1136 1142 1152 1124 2001 :1176 1170 1164 1169 1167 1168 1162 1164 1165 1152 1142 1137 1161 2002 :1139 1138 1143 1149 1143 1146 1154 1162 1171 1172 1168 1173 1155 2003 :1183 1196 1200 1200 1196 1198 1199 1198 1215 1227 1230 1230 1206 2004 :1230 1230 : : 1990-92 = 100 : 2000 : 114 114 115 115 115 116 116 115 116 117 118 119 116 2001 : 121 121 120 121 120 120 120 120 120 119 118 117 120 2002 : 117 117 118 118 118 118 119 120 121 121 120 121 119 2003 : 122 123 124 124 123 124 124 123 125 126 127 127 124 2004 : 127 127 : : Feed : : 1910-14 = 100 : 2000 : 480 492 499 497 513 506 490 469 484 495 504 529 497 2001 : 545 529 520 518 518 521 529 542 538 533 532 534 530 2002 : 529 524 530 534 529 539 555 568 576 566 557 556 547 2003 : 556 559 556 555 567 562 551 534 558 562 592 596 562 2004 : 599 599 : : 1990-92 = 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 : 108 107 109 109 108 110 114 116 118 116 114 114 112 2003 : 114 114 114 114 116 115 113 109 114 115 121 122 115 2004 : 123 123 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Poultry : : 1910-14 = 100 : 2000 :1417 1391 1374 1428 1349 1381 1423 1372 1344 1415 1436 1465 1400 2001 :1418 1387 1399 1440 1403 1442 1454 1440 1430 1446 1373 1401 1419 2002 :1394 1405 1361 1301 1250 1212 1223 1245 1259 1287 1340 1394 1306 2003 :1340 1297 1254 1309 1303 1322 1353 1371 1493 1603 1564 1520 1394 2004 :1438 1438 : : 1990-92 = 100 : 2000 : 111 109 107 112 106 108 111 107 105 111 112 115 110 2001 : 111 109 109 113 110 113 114 113 112 113 107 110 111 2002 : 109 110 106 102 98 95 96 97 99 101 105 109 102 2003 : 105 101 98 102 102 103 106 107 117 125 122 119 109 2004 : 112 112 : : Seeds : : 1910-14 = 100 : 2000 :1196 1196 1196 1238 1238 1238 1238 1238 1238 1238 1238 1238 1228 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 1426 1553 1553 1553 1553 1553 1553 1553 1553 1553 1521 2004 :1553 1553 : : 1990-92 = 100 : 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 : 144 144 144 157 157 157 157 157 157 157 157 157 154 2004 : 157 157 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fertilizer : : 1910-14 = 100 : 2000 : 384 388 388 390 391 391 403 406 414 422 427 440 404 2001 : 497 513 513 495 473 452 436 421 412 403 398 393 451 2002 : 394 395 394 391 392 397 394 393 391 394 398 400 394 2003 : 412 427 463 471 465 454 448 452 455 459 462 472 453 2004 : 482 482 : : 1990-92 = 100 : 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 : 108 108 107 107 107 108 107 107 107 107 109 109 108 2003 : 112 117 126 129 127 124 122 123 124 125 126 129 124 2004 : 132 132 : : Agricultural Chemicals : : 1910-14 = 100 : 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 : 739 731 735 733 734 736 738 739 741 736 738 750 738 2003 : 752 752 744 746 746 748 748 748 746 752 753 745 748 2004 : 737 737 : : 1990-92 = 100 : 2000 : 119 120 120 119 120 120 120 120 120 120 120 120 120 2001 : 123 121 121 121 121 120 120 120 120 120 120 120 121 2002 : 120 118 119 119 119 119 119 120 120 119 119 121 119 2003 : 122 122 120 121 121 121 121 121 121 122 122 121 121 2004 : 119 119 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fuels : : 1910-14 = 100 : 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 : 644 661 783 878 852 836 868 900 997 1074 949 950 866 2003 :1080 1322 1371 1105 992 1031 1050 1092 1063 1114 1058 1088 1114 2004 :1143 1143 : : 1990-92 = 100 : 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 86 101 114 110 108 112 117 129 139 123 123 112 2003 : 140 171 178 143 129 134 136 142 138 144 137 141 144 2004 : 148 148 : : Farm Supplies and Repairs : : 1910-14 = 100 : 2000 : 869 871 872 878 878 879 882 882 883 886 891 893 880 2001 : 895 895 896 900 905 906 911 912 912 912 913 913 906 2002 : 915 918 917 925 927 927 929 929 929 935 935 935 927 2003 : 941 941 942 947 947 948 952 952 950 953 947 949 947 2004 : 949 949 : : 1990-92 = 100 : 2000 : 122 123 123 124 124 124 124 124 124 125 125 126 124 2001 : 126 126 126 127 128 128 128 128 128 129 129 129 128 2002 : 129 129 129 130 131 131 131 131 131 132 132 132 131 2003 : 133 133 133 133 133 134 134 134 134 134 133 134 134 2004 : 134 134 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Autos and Trucks : : 1910-14 = 100 : 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 :3083 3074 3076 3061 3047 3029 3018 3020 3016 3014 3040 3050 3044 2004 :3061 3061 : : 1990-92 = 100 : 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 : 116 116 116 115 115 114 113 114 113 113 114 115 115 2004 : 115 115 : : Farm Machinery : : 1910-14 = 100 : 2000 :3442 3452 3461 3474 3481 3484 3489 3495 3511 3521 3530 3538 3490 2001 :3544 3561 3568 3580 3589 3594 3602 3607 3627 3643 3649 3654 3602 2002 :3668 3674 3694 3700 3703 3699 3704 3705 3719 3724 3730 3730 3704 2003 :3731 3732 3733 3737 3737 3737 3742 3757 3742 3759 3760 3760 3744 2004 :3760 3760 : : 1990-92 = 100 : 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 : 146 146 147 147 148 147 148 148 148 148 149 149 148 2003 : 149 149 149 149 149 149 149 150 149 150 150 150 149 2004 : 150 150 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Building Materials : : 1910-14 = 100 : 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 1663 1658 1653 1652 1654 2003 :1655 1663 1665 1671 1671 1672 1679 1680 1695 1696 1701 1701 1679 2004 :1701 1701 : : 1990-92 = 100 : 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 : 121 121 121 122 122 122 122 123 122 122 122 122 122 2003 : 122 122 123 123 123 123 124 124 125 125 125 125 124 2004 : 125 125 : : Farm Services and Rent 2/ : : 1910-14 = 100 : 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 1426 1424 1425 1426 2003 :1440 1441 1441 1444 1446 1455 1457 1457 1457 1448 1442 1442 1448 2004 :1447 1447 : : Farm Services : : 1990-92 = 100 : 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 : 121 122 122 122 122 123 124 124 124 123 122 122 123 2004 : 122 122 : : Rent : : 1990-92 = 100 : 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 : 120 120 120 120 120 120 120 120 120 120 120 120 120 2004 : 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, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Interest : : 1910-14 = 100 : 2000 :2825 2825 2825 2825 2825 2825 2825 2825 2825 2825 2825 2825 2825 2001 :2738 2738 2738 2738 2738 2738 2738 2738 2738 2738 2738 2738 2738 2002 :2615 2615 2615 2615 2615 2615 2615 2615 2615 2615 2615 2615 2615 2003 :2599 2599 2599 2599 2599 2599 2599 2599 2599 2599 2599 2599 2599 2004 :2616 2616 : : 1990-92 = 100 : 2000 : 113 113 113 113 113 113 113 113 113 113 113 113 113 2001 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2002 : 104 104 104 104 104 104 104 104 104 104 104 104 104 2003 : 104 104 104 104 104 104 104 104 104 104 104 104 104 2004 : 104 104 : : Taxes : : 1910-14 = 100 : 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 3426 3426 3426 3426 3426 3426 3426 3426 3426 3426 3426 2004 :3474 3474 : : 1990-92 = 100 : 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 : 128 128 128 128 128 128 128 128 128 128 128 128 128 2004 : 130 130 : : Wage Rates : : 1910-14 = 100 : 2000 :5234 5234 5234 5227 5227 5227 5124 5124 5124 5357 5357 5357 5236 2001 :5596 5596 5596 5369 5369 5369 5357 5357 5357 5550 5550 5550 5468 2002 :5796 5796 5796 5705 5705 5705 5537 5537 5537 5783 5783 5783 5705 2003 :6035 6035 6035 5919 5919 5919 5738 5738 5738 5848 5848 5848 5885 2004 :5848 5848 : : 1990-92 = 100 : 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 : 155 155 155 153 153 153 148 148 148 155 155 155 153 2003 : 161 161 161 158 158 158 153 153 153 156 156 156 157 2004 : 156 156 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Family Living : : 1910-14 = 100 : 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 1709 2003 :1726 1739 1749 1746 1743 1745 1747 1753 1759 1757 1752 1750 1747 2004 :1750 1750 : : 1990-92 = 100 : 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 : 135 136 137 136 136 136 136 137 137 137 137 137 136 2004 : 137 137 : : Production Items With Farm Origin 2/ : : 1990-92 = 100 : 2000 : 105 106 106 108 108 108 107 104 105 108 109 113 107 2001 : 113 111 110 112 111 113 114 115 114 114 112 113 113 2002 : 112 112 112 112 110 110 112 114 116 115 116 117 113 2003 : 115 115 113 116 117 117 117 116 122 125 127 126 119 2004 : 124 124 : : Production Items With Non-Farm Origin 3/ : : 1990-92 = 100 : 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 : 120 120 121 121 121 122 122 122 123 123 123 123 122 2003 : 125 127 129 127 126 126 127 127 127 127 127 127 127 2004 : 128 128 -------------------------------------------------------------------------------- 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, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Parity Ratio 2/ : : 1910-14 = 100 : 2000 : 37 37 38 40 40 39 38 39 39 37 38 38 38 2001 : 37 38 40 41 42 41 42 43 41 37 37 37 40 2002 : 37 38 41 36 37 38 38 38 38 36 37 38 38 2003 : 38 37 37 38 40 40 39 41 41 42 43 42 40 2004 : 41 41 : : Adjusted Parity Ratio 3/ : : 1910-14 = 100 : 2000 : 41 41 42 45 45 44 43 43 43 41 43 43 43 2001 : 41 42 44 45 46 46 46 47 45 40 40 41 44 2002 : 39 41 43 39 39 40 40 41 40 38 39 40 40 2003 : 41 40 40 41 43 43 42 44 44 45 47 45 43 2004 : 43 43 : : Ratio : : 1990-92 = 100 : 2000 : 76 78 80 84 84 82 81 81 81 77 81 80 80 2001 : 78 81 83 85 87 86 88 89 86 76 77 78 83 2002 : 78 80 85 76 78 79 80 81 79 76 78 80 79 2003 : 79 77 77 79 83 84 83 86 85 87 90 87 83 2004 : 85 85 -------------------------------------------------------------------------------- 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, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Crop Sector (PPITW) : : 1990-92 = 100 : 2000 : 120 121 121 121 121 122 122 122 123 124 124 124 122 2001 : 127 127 127 127 127 126 125 125 125 125 124 124 126 2002 : 124 125 125 126 126 126 126 126 127 128 127 127 126 2003 : 129 131 132 131 131 131 130 131 131 132 131 132 131 2004 : 132 132 : : Livestock Sector (PPITW) : : 1990-92 = 100 : 2000 : 115 116 117 117 117 117 117 116 117 118 119 120 117 2001 : 122 121 120 120 120 121 121 121 121 121 120 120 121 2002 : 120 120 120 120 119 119 120 121 122 122 122 123 121 2003 : 123 124 124 124 124 124 124 123 126 127 128 128 125 2004 : 127 127 : : Commodities and Services, Interest, Taxes, and Wage Rates : : Adjusted for Productivity : : 1910-14 = 100 : 2000 :1079 1083 1086 1086 1086 1089 1083 1081 1084 1103 1104 1105 1089 2001 :1131 1131 1131 1117 1118 1119 1116 1116 1118 1128 1126 1124 1123 2002 :1140 1141 1143 1139 1139 1139 1129 1131 1133 1152 1151 1151 1141 2003 :1177 1181 1184 1174 1173 1174 1161 1162 1166 1175 1175 1175 1173 2004 :1189 1189 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Feed Sub-Components : : Feed Grains : 1990-92 = 100 : 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 94 104 107 103 101 103 94 2003 : 102 103 102 102 104 101 94 95 96 94 97 102 99 2004 : 107 107 : : Complete Feeds : 1990-92 = 100 : 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 : 111 110 111 112 110 113 115 116 118 117 116 115 114 2003 : 115 114 114 112 113 113 113 110 113 113 121 123 115 2004 : 126 126 : : Hay and Forages : 1990-92 = 100 : 2000 : 97 99 100 102 109 108 105 104 107 108 109 109 105 2001 : 110 113 117 127 130 122 121 123 124 123 123 123 121 2002 : 120 118 119 125 125 121 118 119 119 121 120 120 120 2003 : 121 122 120 125 129 122 117 110 109 110 105 106 116 2004 : 106 106 : : Concentrates : 1990-92 = 100 : 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 : 105 102 105 104 106 109 118 121 121 110 105 104 109 2003 : 104 110 110 112 119 118 118 112 129 132 150 140 121 2004 : 131 131 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Supplements : 1990-92 = 100 : 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 : 123 124 124 123 118 123 126 128 129 133 134 135 127 2003 : 135 134 134 131 130 134 132 128 134 138 138 140 134 2004 : 141 141 : : Livestock and Poultry Sub-Components : : Feeder Cattle : 1990-92 = 100 : 2000 : 109 105 102 107 101 106 111 107 104 111 113 114 108 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 96 92 99 99 102 107 111 122 130 126 122 109 2004 : 113 113 : : Feeder Pigs : 1990-92 = 100 : 2000 : 126 137 147 159 136 118 114 103 98 101 106 118 122 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 : 138 127 123 119 109 104 82 64 73 97 94 96 102 2004 : 102 102 : : Milk Cow Replacements : 1990-92 = 100 : 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 : 143 143 143 152 152 152 148 148 148 127 127 127 143 2003 : 121 121 121 115 115 115 116 116 116 121 121 121 118 2004 : 123 123 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Poultry : 1990-92 = 100 : 2000 : 107 107 107 107 107 107 107 107 107 107 107 107 107 2001 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2002 : 111 111 111 111 111 111 111 111 111 111 111 111 111 2003 : 111 111 111 111 111 111 111 111 111 111 111 111 111 2004 : 111 111 : : Seeds Sub-Components : : Field Crops : 1990-92 = 100 : 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 : 147 147 147 162 162 162 162 162 162 162 162 162 158 2004 : 162 162 : : Grasses and Legumes : 1990-92 = 100 : 2000 : 121 121 121 115 115 115 115 115 115 115 115 115 117 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 : 118 118 118 109 109 109 109 109 109 109 109 109 111 2004 : 109 109 : : Fertilizer Sub-Components : : Mixed Fertilizer : 1990-92 = 100 : 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 : 105 104 104 104 104 104 105 105 106 106 106 106 105 2003 : 107 107 112 113 113 113 112 113 113 113 113 114 112 2004 : 114 114 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Nitrogen : 1990-92 = 100 : 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 : 111 111 110 110 110 113 111 110 108 110 113 115 111 2003 : 122 131 147 150 147 141 138 139 141 143 145 150 141 2004 : 156 156 : : Potash and Phosphate : 1990-92 = 100 : 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 : 106 109 109 108 106 106 105 105 105 105 104 102 106 2003 : 102 103 112 113 112 108 107 109 109 109 109 111 109 2004 : 114 114 : : Agricultural Chemicals Sub-Components : : Herbicides : 1990-92 = 100 : 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 : 112 111 112 112 111 111 111 111 112 110 110 112 111 2003 : 112 112 112 112 112 112 112 112 112 113 113 112 112 2004 : 110 110 : : Insecticides : 1990-92 = 100 : 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 : 139 138 138 137 138 139 140 140 141 142 143 144 140 2003 : 145 146 146 147 147 148 148 148 148 149 149 148 147 2004 : 147 147 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fungicides and Other : 1990-92 = 100 : 2000 : 119 119 119 119 119 119 120 120 120 120 120 120 120 2001 : 120 120 121 121 121 121 121 120 120 120 120 120 120 2002 : 120 120 119 119 120 121 121 122 123 123 124 124 121 2003 : 125 126 114 115 115 115 115 115 115 116 116 115 117 2004 : 113 113 : : Fuels Sub-Components : : Diesel : 1990-92 = 100 : 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 86 100 110 106 104 110 114 130 139 120 121 110 2003 : 136 172 179 141 121 124 128 133 126 140 132 135 139 2004 : 139 139 : : Gasoline : 1990-92 = 100 : 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 85 103 118 115 114 117 119 123 136 120 113 112 2003 : 132 156 168 140 132 139 142 149 154 144 133 132 143 2004 : 138 138 : : LP Gas : 1990-92 = 100 : 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 88 107 121 118 113 113 124 139 149 142 152 121 2003 : 173 201 193 158 151 163 158 160 154 165 166 184 169 2004 : 204 204 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Supplies & Repairs Sub-Components : : Supplies : 1990-92 = 100 : 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 : 124 124 124 124 124 124 125 125 124 125 125 125 124 2004 : 125 125 : : Repairs : 1990-92 = 100 : 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 : 133 133 133 134 134 134 134 134 134 136 136 136 134 2003 : 137 137 137 138 138 138 139 139 139 139 138 138 138 2004 : 138 138 : : Autos and Trucks Sub-Components : : Autos : 1990-92 = 100 : 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 : 109 109 109 108 108 107 107 107 107 107 108 108 108 2004 : 108 108 : : Trucks : 1990-92 = 100 : 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 : 117 117 117 116 116 115 114 115 114 114 115 116 116 2004 : 116 116 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Machinery Sub-Components : : Tractors : 1990-92 = 100 : 2000 : 135 136 136 136 136 136 136 136 137 138 138 138 137 2001 : 138 138 138 138 138 138 138 138 139 139 139 140 138 2002 : 140 140 140 140 140 140 140 140 140 140 140 140 140 2003 : 140 140 141 141 141 141 142 142 142 142 143 143 142 2004 : 143 143 : : Self Propelled : 1990-92 = 100 : 2000 : 136 136 136 137 137 137 138 138 139 140 140 140 138 2001 : 141 142 142 143 143 143 143 144 145 145 145 145 143 2002 : 145 146 146 147 147 147 147 147 147 147 148 148 147 2003 : 148 148 148 148 148 148 148 149 148 149 149 149 148 2004 : 149 149 : : Other Machinery : 1990-92 = 100 : 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 : 151 151 152 153 153 153 153 153 154 154 155 155 153 2003 : 155 155 155 155 155 155 155 155 155 155 155 155 155 2004 : 155 155 : : Farm Services Sub-Components : : Custom Rates : 1990-92 = 100 : 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 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2004 : 125 125 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2000-04 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Services : 1990-92 = 100 : 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 : 121 121 121 122 122 123 124 124 124 122 122 121 122 2004 : 122 122 : : Rent Sub-Components : : Cash : 1990-92 = 100 : 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 : 145 145 145 145 145 145 145 145 145 145 145 145 145 2004 : 145 145 : : Share : 1990-92 = 100 : 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 91 91 91 91 91 91 91 91 91 91 91 2004 : 91 91 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Survey Estimates, Month Published and Level -------------------------------------------------------------------------------- : 2004 Program Schedule 1/ :--------------------------------------------------------- Survey : Survey and : : Publication Month : Level of Estimates ----------------------:--------------------------------------------------------- : Feed : Apr Farm Production Regions and US : Feeder Livestock : Monthly US : Seed : Apr US : Fertilizer : Apr Fertilizer Regions and US : Agricultural Chemicals: Apr US : Fuels : Apr Farm Production Regions and US : Farm Machinery : Apr US : Grazing Fees : Jan 2/ States and Regions ---------------------------------------------------------------------------- 1/ Data collection and publication schedule for average prices paid by producers. 2/ Survey estimates for previous year. Prices Paid by Farmers Definition: Prices paid by farmers represent the average costs of inputs purchased by farmers and ranchers to produce agricultural commodities. Conceptually, the average price when multiplied by quantity purchased should equal total producer expenditures for the item. Survey Procedures: The prices paid data are obtained from establishments that sell goods and services to farmers and ranchers. Annually, about 8,500 firms are randomly selected from lists by type of item sold with an average response rate in the range of 75-80 percent. Firms are asked to report the price for the specified item "most commonly bought by farmers" or that was the "volume seller". Approximately 135 items are surveyed each April to represent all production input items purchased. The survey reference period for most items is the 5 business days centered around the 15th of the month. Separate prices paid surveys are conducted for, agricultural chemicals, fuels, feed, fertilizer, machinery, and seed. Summary and Estimation Procedures: The annual April Prices Paid Survey is summarized as a nonprobability survey. Average prices reported are aggregated to the region and U.S. level using weights available from expenditure data and other administrative sources. Price recommendations are prepared by the State Statistical Offices and Headquarters for review by the Agricultural Statistics Board in Washington, D.C. Also, the change in price level for individual items surveyed are combined to the regional and U.S. levels, and are published as prices paid indexes referenced to a specific base period. Prices paid indexes for new autos and trucks, building materials, farm supplies, motor supplies, and marketing containers are updated based on price changes measured in selected Bureau of Labor Statistics (BLS) indexes. Revisions: Any revisions are published in the monthly and in annual issues of Agricultural Prices. The basis for revision must be supported by additional data that directly affect the level of the estimate. More revisions are likely in April when separate prices paid surveys are conducted, in lieu of BLS indexes, by the USDA to measure price change. Reliability: Current methods of summarization in April are not designed directly to calculate sampling errors. However, analytical measures approximate the U.S. relative sampling errors for major items around 10 percent. Any nonsampling errors are attributed to such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these nonsampling errors. Program Change: Effective January 1, 1995, the National Agricultural Statistics Service updated the weights and changed the construction of its prices paid and received by farmers indexes. A Federal Register Notice dated October 28, 1994 discussed these program modifications. A 1990-92 reference and base period replaced the 1977 reference and 1971-73 base weight period. Five-year moving average weights replaced the current fixed 1971-73 base period weights. The 1910-14=100 price indexes, required by statute for computing parity prices, were linked forward based on the changes in the new 1990-92=100 indexes. The new indexes were constructed by multiplying the ratios of the current prices to the base period prices by the moving average weights (adjusted for seasonal marketing patterns for the prices received indexes). 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 Received Joe Prusacki Chief, Crops Branch . . . . . . . . . . . . . . .(202) 720-2127 Greg Thessen, Field Crops Section. . . . . . . . . . . . . . .(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, Flaxseed. . . . . . . . .(202) 720-9526 Troy Joshua - Hay, Oats, Sorghum . . . . . . . . . . . . . .(202) 690-3234 Mark R. Miller - Peanuts, Rice . . . . . . . . . . . . . . .(202) 720-7688 Brian Young - Sugarcane, Sugarbeets, Barley. . . . . . . . .(202) 720-7621 Jim Smith, Fruit and Vegetable Section . . . . . . . . . . . .(202) 720-2127 Kathy Broussard - Citrus . . . . . . . . . . . . . . . . . .(202) 720-5412 Debbie Flippin - Peaches, Pears, Hops, Pulses, Mint. . . . .(202) 720-3250 Terry O'Connor - Apples, Cherries, Apricots, Cranberries . .(202) 720-4288 Mike Miller - Grapes, Tobacco. . . . . . . . . . . . . . . .(202) 720-7235 Cathy Scherrer, Potatoes, Dry Edible Beans, Sweet Potatoes .(202) 720-4285 Biz Wallingsford - Vegetables, Onions, Strawberries. . . . .(202) 720-2157 Livestock Prices Received Dan Kerestes, Chief, Livestock Branch. . . . . . . . . . . . .(202) 720-3570 Wil Hundl, Livestock Section . . . . . . . . . . . . . . . . .(202) 720-3570 Steve Anderson - Cattle. . . . . . . . . . . . . . . . . . .(202) 720-3040 Scott Hollis - Sheep, Lambs, Wool, Mohair. . . . . . . . . .(202) 720-4751 Ty Kalaus - Milk, Milk Cows. . . . . . . . . . . . . . . . .(202) 690-3236 Dan Lofthus - Hogs . . . . . . . . . . . . . . . . . . . . .(202) 720-3106 Nathan Crisp, Poultry and Specialty Commodities Section. . . .(202) 720-3570 Tom Kruchten - Broilers, Eggs. . . . . . . . . . . . . . . .(202) 690-4870 John Lange - Turkeys . . . . . . . . . . . . . . . . . . . .(202) 720-0585 Indexes, Prices Paid, and Parity Prices Linda Hutton, Chief, Environmental, Economics and Demographics Branch. . . . . . . . . . . . . . . . . . . . .(202) 720-6146 Kevin Hintzman, Economics Section. . . . . . . . . . . . . . .(202) 720-6146 Tara Jackson - Feed, Fertilizer, Ag 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 p.m. ET on February 27, 2004. 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. 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