Pr 1 (1-06) Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released January 31, 2006, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Agricultural Prices" see page 87, office hours 7:30 a.m. to 4:00 p.m. ET. January Farm Prices Received Index Decreased 3 Points From Last Month The preliminary All Farm Products Index of Prices Received by Farmers in January, at 112, based on 1990-92=100, decreased 3 points (2.6 percent) from December. The Crop Index is down 3 points (2.7 percent) and the Livestock Index also decreased 3 points (2.5 percent). Producers received lower commodity prices for lettuce, turkeys, eggs, and hogs. Higher prices were received for cattle, oranges, corn, and cotton. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities a producer sells. Increased average marketings of cattle, soybeans, corn, and strawberries offset decreased marketings of grapes, tomatoes, dairy, and cotton. Preliminary All Farm Products Index is up 1 point (0.9 percent) from January 2005. The Food Commodities Index, at 118, decreased 4 points (3.3 percent) from last month but increased 2 points (1.7 percent) from January 2005. Prices Paid Index Up 2 Points The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 145 percent of the 1990-92 average. The index increased 2 points (1.4 percent) from December and 8 points (5.8 percent) above January 2005. Higher prices in January for gasoline, LP gas, complete feeds, and feed supplements more than offset lower prices for feeder cattle, feed concentrates, milk cows, and potash & phosphate materials. Index Summary Table -------------------------------------------------------------------------------- : 2004 : 2005 : 2006 Index :-------------------------------------------------------------- 1990-92=100 : Dec : Jan : Dec : Jan -------------------------------------------------------------------------------- : Prices Received : 111 111 115 112 : Prices Paid : 134 137 143 145 : Ratio 1/ : 83 81 80 77 -------------------------------------------------------------------------------- 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 112 percent of its 1990-92 base, down 2.6 percent from the December index but 0.9 percent above the January 2005 index. ALL CROPS: The January index is 107, down 2.7 percent from December but 4.9 percent above January 2005. From December, index decreases for vegetables, oil-bearing crops, and food grains more than offset the index increases for fruits & nuts and cotton. Food Grains: The January index, at 115, is 1.7 percent below the previous month but 0.9 percent above a year ago. The January all wheat price, at $3.48 per bushel, is down 6 cents from December but up 5 cents from January 2005. Feed Grains & Hay: The January index is 90, unchanged from last month but 5.3 percent below a year ago. The corn price, at $1.96 per bushel, is up 4 cents from last month but 16 cents below January 2005. The all hay price, at $91.20 per ton, is 80 cents below December but up $3.40 from last January. Grain sorghum, at $3.15 per cwt, is 24 cents above December and 20 cents above January last year. Oil-Bearing Crops: The January index, at 98, is down 3.9 percent from December and 2.0 percent lower than January 2005. The soybean price, at $5.51 per bushel, decreased 26 cents from December and is 6 cents below January 2005. Cotton: The January index, at 82, is up 3.8 percent from December and 28 percent above last year. The January price, at 49.6 cents per pound, is up 1.7 cents from the previous month and 11.1 cents above last January. Potatoes & Dry Beans: The January index, at 115, is unchanged from last month but 9.5 percent above January 2005. The all potato price, at $7.00 per cwt, is up 7 cents from December and up $1.41 from last January. The all dry bean price, at $17.50 per cwt, is down $1.10 from the previous month and $9.70 below January 2005. Fruits & Nuts: The January index, at 136, is up 12 percent from December and 19 percent higher than a year ago. Price increases for oranges and grapefruit more than offset price decreases for lemons, apples, and strawberries. Commercial Vegetables: The January index, at 137, is down 19 percent from last month but 44 percent above January 2005. Price decreases during January for lettuce, cucumbers, broccoli, snap beans, and cauliflower more than offset the price increase for tomatoes. LIVESTOCK & PRODUCTS: The January index, at 117, is 2.5 percent below last month and down 3.3 percent from January 2005. Compared with a year ago, prices are lower for dairy, hogs, and broilers but higher for cattle, calves, eggs, and turkeys. Meat Animals: The January index, at 121, is unchanged from last month and from last year. The January hog price, at $41.60 per cwt, is down $2.70 from December and $11.60 lower than a year ago. The January beef cattle price of $94.40 per cwt is up 80 cents from last month and $5.00 higher than January 2005. Dairy Products: The January index, at 111, is down 1.8 percent from a month ago and 9.0 percent lower than January last year. The January all milk price of $14.50 per cwt is down 30 cents from last month and down $1.40 from January 2005. The fluid grade milk price is down 20 cents and the manufactured grade milk price is down 30 cents from the previous month. Poultry & Eggs: The January index, at 113, is down 8.1 percent from December and 7.4 percent below a year ago. January market egg prices, at 43.8 cents per dozen, decreased 12.6 cents from December but is 6.5 cents above January 2005. The January broiler price, at 38.0 cents per pound, is down 1.0 cent from December and 5.0 cents below a year ago. The January turkey price, averaging 40.8 cents per pound, is down 13.5 cents from the previous month but up 1.5 cents from a year earlier. Table of Contents U.S. Prices Received and IndexesPage 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 Steers and Heifers . . . . . 22 Citrus Fruit . . . . . . . . . 20 Corn . . . . . . . . . . . . . 17 Monthly State Prices, continuedPage Cotton . . . . . . . . . . . . 19 Cottonseed . . . . . . . . . . 19 Eggs . . . . . . . . . . . . 24 Flaxseed . . . . . . . . . . . 18 Grain Sorghum . . . . . . . . 17 Hay . . . . . . . . . . . . . 19 Hogs, All . . . . . . . . . . 23 Barrows and Gilts . . . . . 23 Sows . . . . . . . . . . . . 23 Milk . . . . . . . . . . . . . 25 Milk Cows . . . . . . . . . 25 Oats . . . . . . . . . . . . . 17 Peanuts . . . . . . . . . . . 18 Potatoes . . . . . . . . . . . 21 Sheep . . . . . . . . . . . . 24 Lambs . . . . . . . . . . . 24 Soybeans . . . . . . . . . . . 17 Sunflower, All . . . . . . . . 18 Wheat, All Classes 16Prices Received Special FeaturesPage Marketing Year for Specified Commodities 28 Monthly Price Revisions Apples see January 2006 Noncitrus Fruits and Nuts - Preliminary http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pnf-bb/ Grapes see January 2006 Noncitrus Fruits and Nuts - Preliminary http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pnf-bb/ Peaches see January 2006 Noncitrus Fruits and Nuts - Preliminary http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pnf-bb/ Pears see January 2006 Noncitrus Fruits and Nuts - Preliminary http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pnf-bb/ Rice . . . . . . . . . . . 29 Strawberries see January 2006 Vegetables Annual http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pvg-bban/ Vegetables see January 2006 Vegetables Annual http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pvg-bban/ Monthly Marketings Rice. . . . . . . . . . . . 29 Marketing Year Average Prices Rice . . . . . . . . . . . 29 Sweet Potatoes . . . . . . 28 Index of Prices Received: U.S., All Groups, Monthly and Annual, 2002-2006 . . . . . . . . . . 48 Annual Parity Price Calculations Authority for Parity Prices, Method of Computation and Prices 30 Adjusted Base Prices & January 2006 Parity Prices 32 Average Base Period Prices, U.S., 1910-14 37 Annual Average Prices Received for Parity Computations, U.S., by Years, 1996-2005 . . . . . . 38 Parity Price Equivalent for Manufacturing Grade Milk 56 Table of Contents (continued) U.S. Prices Paid, Prices Paid Indexes and RatiosPage Narrative . . . . . . . 58 Indexes and Parity Ratios 59 Charts . . . . . . . . . . . 61 Feed Price Ratios . . . 64 Reliability Statement . 86 U.S. Average Prices Prices Used to Calculate 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 Survey Estimates, Month Published and Level 85 Index of Prices Paid: 1910-14=100 and 1990-92=100 Monthly and Annual Average, United States, 2002-2006 66-84 PPITW, PITW, Production Items 66-67 Index Component Items, Interest, Taxes, Wage Rates, Farm and Non Farm Origin . . . . . . . 67-74 Ratios . . . . . . . . 75 Crop Sector, Livestock Sector, and PPITW adjusted for Productivity . . . . . . . . . . . . 76 Index Sub-Components (1990-92=100): Monthly and Annual Averages 77-84 Information Contacts . 87 Index Numbers of Prices Received, United States, January 2006, with Comparisons -------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2005 : 2006 : 2005 : 2006 :Average :--------------------------------------------- :1990-92 : Jan : Dec : Jan : Jan : Dec : Jan -------------------------------------------------------------------------------- : All Farm Products : 639 707 *728 712 111 *115 112 : All Crops : 500 504 *544 529 102 *110 107 Food Grains : 325 361 *373 365 114 *117 115 Feed Grains & Hay : 363 340 *323 322 95 *90 90 Cotton : 517 325 *405 419 64 *79 82 Tobacco : 1,263 1,857 123 Oil-Bearing Crops : 554 548 *558 539 100 *102 98 Fruits & Nuts : 716 794 *845 953 114 *121 136 Commercial Vegetables : 698 635 *1,128 917 95 *169 137 Potatoes & Dry Beans : 540 531 *584 582 105 *115 115 Other Crops : 493 578 578 586 117 117 119 : Livestock & Products : 768 931 *918 900 121 *120 117 Meat Animals : 1,021 1,229 *1,231 1,232 121 121 121 Dairy Products : 799 977 *910 891 122 113 111 Poultry & Eggs : 282 343 329 303 122 123 113 : Food Commodities : 116 *122 118 -------------------------------------------------------------------------------- * Revised. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Month, United States, 2005 and 2006 -------------------------------------------------------------------------------- : Index of Prices Received : Index of Prices Paid :---------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :---------------------------------------------------------------- :2005 :2006 :2005 : 2006 : 2005 :2006 : 2005 :2006 : 2005 : 2006 -------------------------------------------------------------------------------- Jan : 111 112 102 107 121 117 137 145 134 144 Feb : 114 107 119 137 134 Mar : 119 116 121 139 136 Apr : 121 120 122 140 138 May : 119 116 122 140 138 Jun : 119 120 118 140 140 Jul : 117 116 118 141 140 Aug : 116 115 117 141 140 Sep : 116 111 122 142 141 Oct : 111 103 122 144 144 Nov : 113 105 121 143 142 Dec : 115 110 120 143 143 -------------------------------------------------------------------------------- Prices Received, United States, January 2006, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit: 1990-92 : Jan : Dec : Jan : : : 2005 : 2005 : 2006 -------------------------------------------------------------------------------- : : Dollars : : : : Field Crops : : : : Barley, All : Bu : 2.12 2.41 2.49 2.41 Feed : Bu : 1.90 1.65 1.74 1.79 Malting : Bu : 2.43 2.73 2.70 2.72 Beans, Dry Edible : Cwt: 19.10 27.20 18.60 17.50 Chickpeas, All : Cwt: 23.60 26.10 27.20 Large : Cwt: 23.70 26.50 27.80 Small : Cwt: 4/ 4/ 4/ Corn : Bu : 2.30 2.12 1.92 1.96 Cotton, Upland : Lb : 0.606 0.385 0.479 0.496 Cottonseed 3/ : Ton: 96.00 114.00 95.10 102.00 : : Flaxseed : Bu : 4.27 8.89 5.82 5.60 Hay, All, Baled 1/ : Ton: 76.30 87.80 92.00 91.20 Alfalfa 1/ : Ton: 77.20 94.50 97.70 95.60 Other 1/ : Ton: 60.00 73.30 78.00 79.30 Lentils : Cwt: 15.00 12.30 12.40 Oats : Bu : 1.22 1.64 1.73 1.67 Peanuts, In-Shell : Lb : 0.304 0.189 0.177 0.176 Peas, Dry Edible : Cwt: 5.93 5.04 4.80 Austrian Winter : Cwt: 8.44 4/ 8.00 Potatoes : Cwt: 5.82 5.59 6.93 7.00 : : Rice, Rough : Cwt: 7.07 7.39 7.49 7.40 Sorghum Grain : Cwt: 3.75 2.95 2.91 3.15 Soybeans : Bu : 5.61 5.57 5.77 5.51 Sunflower, All : Cwt: 9.50 13.70 11.60 11.30 Tobacco, : : Types 11-37 6/ : Lb : 1.740 2.135 : : Wheat, All : Bu : 2.96 3.43 3.54 3.48 Winter : Bu : 2.93 3.28 3.46 3.38 Durum : Bu : 2.86 3.64 3.39 3.24 Other Spring : Bu : 3.11 3.61 3.69 3.67 Hard Red Winter : Bu : 3.24 3.56 Soft Red Winter : Bu : 3.12 3.02 Hard Red Spring : Bu : 3.62 3.73 White : Bu : 3.24 3.49 3.05 : : Fruit : : : : Citrus, Equiv on-tree: : Grapefruit : Box: 5.77 14.40 10.11 10.97 Lemons : Box: 10.10 7.63 6.88 5.45 Oranges : Box: 5.79 3.39 4.42 4.83 Tangelos : Box: 5.82 1.99 3.13 1.81 Tangerines : Box: 15.11 14.21 11.90 14.21 Temples : Box: 6.23 3.77 5/ 5.31 : : Noncitrus, Fresh : : Apples 2/ : Lb : 0.212 0.216 0.265 0.260 Grapes 2/ : Ton: 506.00 420.00 Peaches 2/ : Ton: 432.00 Pears 2/ : Ton: 370.00 455.00 482.00 471.00 Strawberries : Cwt: 56.00 139.00 148.00 129.00 -------------------------------------------------------------------------------- 1/ Mid-month price. 2/ Equivalent packinghouse-door returns for CA, MI, and NY (apples only), and WA (apples, peaches, and pears). Prices as sold for other states. 3/ Marketing year August - February. 4/ Price not published to avoid disclosure of individual firms. 5/ Insufficient sales to establish a price. 6/ Monthly price estimates discontinued beginning in July 2005. Prices Received, United States, January 2006, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit : 1990-92 : Jan : Dec : Jan : : : 2005 : 2005 : 2006 -------------------------------------------------------------------------------- : : Dollars : : : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 Broccoli : Cwt : 22.50 22.60 34.10 23.00 Cantaloupes 2/ : Cwt : 11.00 Carrots : Cwt : 13.20 20.30 22.00 21.80 Cauliflower : Cwt : 26.80 27.70 43.90 22.90 Celery : Cwt : 11.60 12.90 10.70 8.86 Corn, Sweet : Cwt : 15.70 21.30 21.20 Cucumbers 2/ : Cwt : 20.20 64.80 25.70 Lettuce : Cwt : 11.90 11.50 16.60 11.40 Onions : Cwt : 12.80 6.29 12.30 11.60 Snap Beans 2/ : Cwt : 71.40 72.10 44.40 Tomatoes : Cwt : 32.30 15.40 96.80 100.00 : : Livestock : : : : Calves : Cwt : 94.30 125.00 134.00 137.00 Cattle, All Beef : Cwt : 72.90 89.40 93.60 94.40 Cows 3/ : Cwt : 49.60 50.50 47.20 46.50 Steers & Heifers : Cwt : 77.10 94.40 99.90 101.00 Milk Cows 4/ : Head: 1,130.00 1,620.00 1,840.00 : : Hogs, All : Cwt : 47.70 53.20 44.30 41.60 Barrows & Gilts : Cwt : 48.40 53.50 44.50 41.90 Sows : Cwt : 39.50 45.60 38.10 35.70 : : Lambs : Cwt : 56.20 114.00 102.00 Sheep : Cwt : 23.40 53.50 46.90 : : Dairy and Poultry : : : : Milk, All 5/ 6/ : Cwt : 13.06 15.90 14.80 14.50 Fluid Grade 6/ : Cwt : 13.10 15.90 14.80 14.60 Mfg Grade 6/ : Cwt : 11.80 14.90 14.40 14.10 : : Broilers, Live 7/ : Lb : 0.317 0.430 0.390 0.380 Eggs, All 8/ : Doz : 0.643 0.558 0.719 0.610 Market 8/ : Doz : 0.546 0.373 0.564 0.438 Turkeys, live 7/ 8/: Lb : 0.380 0.393 0.543 0.408 : : Adjusted for Seasonal : : Variation : : Eggs, All : Doz : 0.545 0.526 0.636 0.570 Milk, All 5/ : Cwt : 9.71 16.22 14.95 14.80 -------------------------------------------------------------------------------- 1/ Beginning January 2006, point of first sale. F.O.B. shipping point for prior years. 2/ Monthly estimates began January 1995. 3/ Beef cows and cull dairy cows sold for slaughter. 4/ Animals sold for dairy herd replacement only. Prices available for Jan, Apr, Jul, and Oct. 5/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 6/ January 2006 Fat test percent: all milk 3.77, fluid milk 3.77, mfg grade 3.96. 7/ Equivalent liveweight returns to producers for most States. Includes growers and contractors. 8/ Mid-month price. Wheat: Prices Received, by State, December and January 2006 -------------------------------------------------------------------------------- : 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 : 3/ 3/ 3/ 3/ CA : 3.36 3.60 3.19 3.49 3/ 3/ CO : 3.54 3.49 3.54 3.49 3/ 4/ ID : 3.32 3.34 3.14 3.15 3/ 3/ 3.61 3.65 IL : 3.04 3.15 3.04 3.15 IN : 3.04 2.97 3.04 2.97 KS : 3.49 3.57 3.49 3.57 MI : 3.00 3.00 3.00 3.00 MN : 3.64 3.61 3/ 3/ 3.64 3.61 MO : 3.35 3.55 3.35 3.55 MT : 3.66 3.54 3.59 3.44 3.80 3/ 3.76 3.70 NE : 3.43 3.55 3.43 3.55 ND : 3.60 3.60 3.12 3/ 3.33 3.20 3.68 3.70 OH : 2.99 3.06 2.99 3.06 OK : 3.51 3.54 3.51 3.54 OR : 3.12 3.15 3.09 3.10 3.35 3.50 SD : 3.72 3.61 3.56 3.53 3.92 3.71 TX : 3.92 3.66 3.92 3.66 WA : 3.18 3.04 3.14 2.96 3.37 3.38 : US : 3.54 3.48 3.46 3.38 3.39 3.24 3.69 3.67 -------------------------------------------------------------------------------- 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 Month, United States, 2005 and 2006 1/ -------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 2/ : All Hogs Month :----------------------------------------------------------------------- : 2005 : 2006 : 2005 : 2006 : 2005 : 2006 : 2005 : 2006 : 2005 : 2006 -------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ------- Dollars per ------- : ----------- Cwt ----------- : Jan : 3.43 3.48 2.12 1.96 5.57 5.51 89.40 94.40 53.20 41.60 Feb : 3.36 1.95 5.42 89.00 50.70 Mar : 3.42 2.02 5.95 91.30 51.20 Apr : 3.35 2.00 6.03 94.00 51.20 May : 3.31 1.98 6.21 92.40 54.90 Jun : 3.23 2.03 6.58 88.50 49.60 Jul : 3.20 2.11 6.65 85.30 49.80 Aug : 3.24 1.95 6.15 84.50 51.00 Sep : 3.35 1.90 5.77 88.20 49.50 Oct : 3.43 1.82 5.67 91.10 47.00 Nov : 3.47 1.77 5.62 91.30 43.60 Dec : 3.54 1.92 5.77 93.60 44.30 -------------------------------------------------------------------------------- 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 State, December and January 2006 -------------------------------------------------------------------------------- :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 : 5.99 5.85 4/ 4/ CA : 4/ 5/ 5/ 5/ CO : 4/ 4/ 2.11 2.05 ID : 2.81 3.06 IL : 2.01 2.05 4/ 4/ 5.89 5.65 4/ 4/ IN : 2.04 2.05 6.01 5.53 IA : 1.87 1.85 4/ 1.70 5.66 5.35 KS : 1.90 1.91 1.61 1.45 5.50 5.30 2.84 3.02 KY : 2.11 2.15 5.97 5.65 LA : 5.89 5.80 MI : 1.66 1.80 2.12 2.00 5.67 5.50 MN : 4/ 4/ 1.72 1.78 1.50 1.52 5.65 5.31 MS : 6.01 5.65 MO : 2.05 2.05 5.93 5.60 3.56 3.60 MT : 2.85 3.07 5/ 5/ NE : 1.80 1.85 1.85 1.50 5.55 5.40 2.85 3.00 NY : 4/ 4/ NC : 2.32 2.37 5.58 5.29 ND : 2.05 2.04 1.73 1.80 1.60 1.50 5.38 5.20 OH : 1.93 1.94 4/ 5/ 5.91 5.60 OK : 3.23 3.40 OR : 2.10 2.10 4/ 4/ PA : 2.14 2.37 2.83 2.50 SD : 1.99 2.10 1.73 1.75 1.63 1.73 5.51 5.28 TN : 2.22 2.15 6.03 5.65 TX : 2.52 2.45 4/ 5/ 3.26 3.50 UT : 4/ 4/ WA : 1.88 2.11 WI : 1.80 1.85 1.69 1.75 5.54 5.30 WY : 4/ 4/ : US : 2.49 2.41 1.92 1.96 1.73 1.67 5.77 5.51 2.91 3.15 -------------------------------------------------------------------------------- 1/ The Three-State (MN, ND and SD) Feed Barley price is discontinued. 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 State, December and January 2006 -------------------------------------------------------------------------------- : Malting Barley : Feed Barley State :-------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : ID : 2.97 3/ 2.03 2.00 MN : 3/ 3/ 3/ 3/ MT : 3.04 3.28 1.65 1.67 ND : 2.21 2.25 1.47 1.40 SD : 2.06 2.10 1.47 4/ WY : 3/ 3/ 4/ 3/ -------------------------------------------------------------------------------- 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 State, December and January 2006 -------------------------------------------------------------------------------- : Dry Edible : All : : : Beans : Sunflower : Flaxseed : Peanuts 4/ State :--------------------------------------------------------------- :Dec 1/ :Jan 2/ :Dec 1/ :Jan 2/ :Dec 1/ :Jan 2/ :Dec 1/ :Jan 3/ -------------------------------------------------------------------------------- : -------- Dollars per -------- Dollars per Dollars per : ------------ Cwt ------------ --- Bushel -- ---- Pound --- : AL : 5/ 5/ CA : 44.80 45.70 CO : 17.70 19.50 FL : 5/ 5/ GA : 0.169 0.173 ID : 20.60 19.50 IN : KS : 8.49 8.09 KY : MD : MI : 20.30 20.00 MN : 19.00 5/ 16.00 15.60 MO : NE : 16.40 16.10 NC : 5/ 0.198 ND : 14.90 13.90 12.00 11.50 5.82 5.60 OH : OK : SC : SD : 12.60 11.40 6/ 6/ TN : TX : 5/ 0.177 VA : 0.218 5/ WV : : US : 18.60 17.50 11.60 11.30 5.82 5.60 0.177 0.176 -------------------------------------------------------------------------------- 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. Field Crops and Apples: Prices Received, by State, December 2005 and January 2006 -------------------------------------------------------------------------------- : : January : Upland Cotton :-------------------------------------------------- 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 : 0.506 6/ 81.00 AZ : 0.529 6/ 136.00 125.00 125.00 120.00 AR : 0.481 0.487 7/ CA : 0.679 0.780 6/ 131.00 138.00 93.00 0.473 CO : 103.00 103.00 99.00 GA : 0.501 0.510 74.00 ID : 106.00 107.00 77.00 IL : 99.00 103.00 82.00 IA : 81.00 85.00 58.00 KS : 69.00 74.00 52.00 KY : 84.00 120.00 70.00 LA : 0.473 0.488 7/ MI : 99.00 100.00 80.00 0.195 MN : 68.00 74.00 51.00 MS : 0.486 0.492 7/ MO : 65.00 107.00 53.00 MT : 62.00 62.00 62.00 NE : 50.00 50.00 46.00 NV : 119.00 119.00 115.00 NM : 6/ 123.00 125.00 102.00 NY : 121.00 135.00 90.00 0.268 NC : 0.461 0.474 86.00 ND : 49.00 55.00 39.00 OH : 111.00 130.00 74.00 0.360 OK : 91.00 106.00 71.00 OR : 111.00 120.00 92.00 PA : 139.00 164.00 127.00 0.240 SD : 63.00 65.00 51.00 TN : 0.486 0.487 7/ TX : 0.456 0.469 100.00 97.00 137.00 93.00 UT : 94.00 95.00 80.00 VA : 0.280 WA : 112.00 110.00 120.00 0.258 WI : 109.00 115.00 80.00 WY : 76.00 77.00 72.00 : US : 0.479 0.496 102.00 91.20 95.60 79.30 0.260 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Based on sales during the first half of the month. 3/ Mid-month. 4/ Equivalent packinghouse-door returns for CA, MI, NY, and WA. Price at point of first sale for other States. 5/ Marketing year August - February. 6/ Price not published to avoid disclosure of individual firms. 7/ Insufficient sales to establish a price. Upland Cotton and Rice: Prices Received and Marketings, United States, January 2006, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Nov 2005 1/ : Dec 2005 1/ : Jan 2006 2/ -------------------------------------------------------------------------------- : : Upland Cotton : : Average Price : Dollars per Pound : 0.485 0.479 0.496 Marketings 3/ : 1,000 Bales : 1,831 3,264 NA : : Rice : : Average Price : Dollars per Cwt : 7.34 7.49 7.40 Marketings 4/ : 1,000 Cwt : 15,288 16,064 NA -------------------------------------------------------------------------------- 1/ Entire month. 2/ Based on purchases for the first half of the month. 3/ Marketings based on a survey of cotton buyers in the major producing States - AL, AZ, AR, CA, GA, LA, MS, NC, TN, and TX. 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 2006 -------------------------------------------------------------------------------- : : 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 : 24.50 17.73 17.73 15.31 15.31 CA : 20.70 12.98 13.93 -0.29 10.56 11.51 -2.71 FL : 26.20 13.62 17.99 9.32 10.99 15.59 6.46 White : 27.40 13.61 18.90 10.20 11.09 16.50 7.60 Colored : 25.60 13.62 17.50 8.30 10.91 15.10 5.15 TX : 28.70 12.16 18.31 2.00 10.97 17.10 0.84 : US : 26.20 13.27 17.64 7.92 10.97 15.53 5.37 : Lemons : AZ : 24.50 8.47 13.99 -0.40 3.95 9.47 -4.92 CA : 25.70 11.05 15.19 -0.40 6.53 10.67 -4.92 : US : 25.20 9.97 14.74 -0.40 5.45 10.22 -4.92 : Oranges : AZ : Navel and Misc: 17.80 7.76 10.12 0.37 5.20 7.56 -2.19 CA : Navel and Misc: 19.80 10.14 12.12 0.37 7.58 9.56 -2.19 FL : Early and Mids: 15.30 6.22 6.70 6.20 4.01 4.30 4.00 TX : Early and Mids: 16.50 5.43 6.00 3.40 4.04 4.60 2.04 : US : 19.00 7.11 11.13 5.90 4.83 8.63 3.68 : Tangelos : FL : 18.00 4.52 8.80 3.40 1.81 6.05 0.70 : Tangerines : AZ : 29.80 18.76 22.46 0.28 16.17 19.87 -2.31 CA : 29.40 18.69 22.06 0.28 16.10 19.47 -2.31 FL : 31.50 16.43 21.20 4.45 13.06 18.00 0.65 : US : 30.70 17.29 21.62 3.40 14.21 18.68 -0.10 : Temples : FL : 20.00 7.98 10.80 3.50 5.31 8.05 0.95 -------------------------------------------------------------------------------- 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; Temples - 90. Potatoes: Prices Received, by State, December 2005 and January 2006 1/ ------------------------------------------------------------------------------- : : :: : : State : Dec : Jan :: State : Dec : Jan : : :: : : ------------------------------------------------------------------------------- : Dollars per Cwt :: : Dollars per Cwt : :: : AL : :: NC : AZ : :: ND - All 2/ : 7.55 7.05 CA - All : 10.00 13.10 :: - Fresh 3/ : 10.30 NA - Winter : 17.10 17.00 :: - Processing : 6.60 NA - Spring : :: OH 4/ : - Summer : :: OR : 5.85 5.65 - Fall : 8.10 8.10 :: PA 4/ : CO - All 2/ : 8.40 8.70 :: TX : - Fresh 3/ : 8.95 NA :: VA : FL : :: WA - All : 6.30 6.25 ID - All 2/ : 5.30 5.20 :: - Processing : 5.55 NA - Fresh 3/ : 6.20 NA :: WI - All 2/ : 8.90 8.25 - Processing : 4.80 NA :: - Fresh 3/ : 9.45 NA ME : 8.15 8.20 :: - Processing : 7.10 NA MI : 7.90 8.40 :: : MN : 6.40 6.05 :: US - All 2/ : 6.93 7.00 NY : 12.70 12.80 :: - Fresh 3/ : 8.96 NA : :: - Processing : 5.52 NA ------------------------------------------------------------------------------- 1/ Missing data indicates no potatoes being marketed. 2/ Average price of potatoes sold for all uses, including table stocks, processing, seed and livestock feed. 3/ Fresh market prices only, includes table stock prices. 4/ Estimates discontinued in 2005. Cattle: Prices Received, by State, December and January 2006 -------------------------------------------------------------------------------- : 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 : 47.60 48.50 103.00 103.00 102.00 102.00 123.00 125.00 AR : 41.00 42.20 110.00 110.00 89.30 89.70 131.00 133.00 CA : 44.80 46.50 95.60 99.10 69.20 71.70 128.00 135.00 CO : 46.80 47.70 119.00 119.00 118.00 118.00 137.00 139.00 FL : 43.50 43.00 96.70 96.30 75.30 71.70 124.00 127.00 GA : 46.60 47.50 99.80 102.00 64.70 65.50 125.00 128.00 ID : 45.70 44.70 96.80 99.10 82.50 84.40 130.00 130.00 IL : 50.00 50.00 95.00 95.00 94.10 94.10 123.00 120.00 IA : 48.40 47.00 94.40 92.00 93.50 91.10 128.00 128.00 KS : 47.20 46.50 97.90 97.20 96.40 95.20 143.00 144.00 KY : 45.00 44.00 104.00 104.00 89.80 89.60 121.00 126.00 LA : 43.60 43.00 102.00 105.00 62.30 61.60 122.00 127.00 MI : 50.00 50.00 86.00 86.00 75.20 75.20 138.00 136.00 MN : 50.90 49.00 89.00 91.00 82.10 83.40 133.00 140.00 MO : 46.90 46.20 113.00 113.00 99.10 93.00 133.00 137.00 MT : 49.20 49.40 120.00 119.00 98.80 102.00 147.00 146.00 NE : 47.70 46.80 100.00 102.00 98.40 100.00 146.00 152.00 NM : 47.20 45.40 114.00 112.00 83.90 83.40 129.00 131.00 ND : 50.00 48.00 120.00 122.00 106.00 115.00 137.00 139.00 OH : 43.50 41.00 92.50 92.50 87.60 87.40 119.00 120.00 OK : 47.70 45.00 114.00 113.00 108.00 107.00 133.00 134.00 OR : 42.00 45.00 104.00 103.00 85.40 85.60 124.00 126.00 PA : 46.50 46.20 88.50 90.40 77.60 78.90 118.00 116.00 SD : 49.10 47.40 111.00 113.00 94.90 102.00 143.00 144.00 TN : 42.00 44.00 105.00 105.00 79.80 80.60 117.00 122.00 TX : 44.00 43.00 97.70 99.00 92.30 94.00 132.00 137.00 VA : 41.70 41.10 100.00 100.00 74.90 74.70 122.00 121.00 WI : 48.50 47.60 90.80 90.10 66.30 65.50 172.00 171.00 WY : 50.80 50.00 117.00 116.00 97.10 106.00 146.00 148.00 : US : 47.20 46.50 99.90 101.00 93.60 94.40 134.00 137.00 -------------------------------------------------------------------------------- 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 State, December and January 2006 -------------------------------------------------------------------------------- : Sows : Barrows and Gilts : All Hogs :----------------------------------------------------------------------- State : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Cwt : AR : 39.20 36.70 41.00 39.10 40.80 38.90 IL : 36.50 33.90 46.00 42.20 45.20 41.50 IN : 42.80 41.30 43.80 40.50 43.70 40.60 IA : 38.50 36.50 45.30 43.30 45.20 43.20 KS : 38.00 36.50 41.90 39.90 41.40 39.50 MN : 37.60 35.50 44.70 42.50 44.70 42.50 MO : 37.50 35.50 41.10 37.90 40.90 37.70 NE : 38.50 35.50 46.00 43.20 45.90 43.00 NC : 38.50 36.20 44.60 41.30 44.50 41.20 OH : 37.90 35.20 44.30 41.00 43.90 40.70 OK : 36.10 33.90 38.90 37.10 38.50 36.60 PA : 36.10 34.80 43.10 39.50 42.10 38.80 SD : 35.80 33.20 45.40 42.90 44.30 41.60 : US : 38.10 35.70 44.50 41.90 44.30 41.60 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by State, December and January 2006 -------------------------------------------------------------------------------- : December : January State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ : Eggs 2/ 3/ -------------------------------------------------------------------------------- : ------ Dollars per Cwt ------ Dollars per Dozen : AL : 0.450 AR : 0.420 CA : 48.00 89.50 0.540 CO : 44.40 102.00 CT : 0.550 FL : 0.500 GA : 0.480 ID : 42.00 95.00 IN : 0.405 IA : 49.70 90.00 0.356 KY : 52.00 108.00 ME : 0.660 MI : 0.360 MN : 44.00 90.00 0.411 MS : 0.420 MO : 50.00 101.00 0.360 MT : 45.70 124.00 NE : 51.20 90.00 NY : 0.410 NC : 0.420 ND : 47.00 114.00 OH : 46.30 105.00 0.510 OR : 47.50 95.90 PA : 54.00 115.00 0.450 SC : 0.520 SD : 50.70 123.00 TX : 56.40 117.00 0.390 VA : 43.00 113.00 WA : 0.490 WV : 45.20 113.00 WY : 43.60 122.00 : US : 46.90 102.00 0.438 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Market (table) eggs. Milk and Milk Cows: Prices Received, by State, December and January 2006 -------------------------------------------------------------------------------- : 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 : 14.40 3.70 14.40 3.70 14.30 3.68 1,950 CA : 13.70 3.79 14.60 4.19 13.73 3.80 13.20 3.80 1,800 CO : 14.30 3.70 14.30 3.70 14.10 3.65 2,100 FL : 18.00 3.73 18.00 3.73 17.80 3.73 1,980 ID : 13.80 3.82 14.40 4.17 13.80 3.82 13.60 3.79 1,900 IL : 15.50 3.94 15.40 3.80 15.50 3.94 15.30 3.90 1,780 IN : 15.20 3.89 13.70 4.06 15.10 3.90 14.90 3.86 1,800 IA : 15.60 3.83 14.20 3.98 15.60 3.83 15.20 3.80 1,750 KS : 14.20 3.80 14.20 3.80 13.90 3.80 1,730 KY : 15.50 3.83 15.50 3.83 15.30 3.80 1,810 MI : 15.10 3.77 13.30 3.82 15.10 3.77 15.10 3.73 2,000 MN : 15.20 3.86 13.50 3.95 15.10 3.86 14.90 3.84 1,790 MO : 15.30 3.85 14.30 4.08 15.30 3.86 14.90 3.77 1,660 NM : 14.00 3.76 14.00 3.76 13.40 3.68 1,860 NY : 15.20 3.84 15.20 3.84 14.70 3.82 1,710 OH : 15.70 3.84 14.60 4.05 15.60 3.85 15.50 3.86 1,840 OR : 14.70 3.85 14.70 3.85 14.50 3.83 1,880 PA : 16.60 3.85 13.70 3.90 16.60 3.85 16.50 3.85 1,900 TX : 15.10 3.93 15.10 3.93 14.90 3.90 1,900 VT : 15.50 3.85 15.50 3.85 15.30 3.81 1,850 VA : 16.50 3.77 16.50 3.77 16.00 3.70 1,850 WA : 14.70 3.85 14.70 3.85 14.50 3.83 1,850 WI : 15.30 3.86 14.50 4.05 15.30 3.87 15.10 3.84 1,880 : US : 14.80 3.82 14.40 4.08 14.80 3.83 14.50 3.81 1,840 -------------------------------------------------------------------------------- 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 and January 2006, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Jan 2005 : Dec 2005 : Jan 2006 -------------------------------------------------------------------------------- Parity Equivalent : Dollars per Cwt : 32.08 34.28 34.15 Average Price F.O.B 2/ : Dollars per Cwt : 14.90 14.40 14.10 Average Fat Test of Milk 2/ : Percent : 3.93 4.08 4.03 -------------------------------------------------------------------------------- 1/ The parity price equivalent during 2006 is 90.1 percent of the parity price of all milk sold to plants, compared with 91.4 percent in 2005. For additional details, see January 2006 issue of "Agricultural Prices". 2/ Preliminary for January 2006. United States Parity Prices for Farm Products and Average Prices Received as Percent of Parity Prices Based on Data for January 2006, with Comparisons 1/ -------------------------------------------------------------------------------- : : Parity Price : Price as Percent :Adjusted: Based on Data for : of Parity Commodity and Unit : Base :----------------------------------------- : Price : Jan : Dec : Jan : Jan : Dec : Jan : : 2005 : 2006 : 2006 : 2005 : 2006 : 2006 -------------------------------------------------------------------------------- :---------- Dollars ---------- ---- Percent ---- : Basic Commodities : All Wheat, Bu : 0.535 9.75 10.60 10.30 35 33 34 Rice, Cwt : 1.45 28.20 26.20 27.90 26 29 27 Corn, Bu : 0.398 6.55 7.08 7.66 32 27 26 Cotton, Lb : American Upland : 0.117 1.95 1.81 2.25 20 26 22 Extra Long Staple : 0.138 2.49 2.70 2.66 Peanuts, Lb : 0.0350 0.640 0.666 0.674 30 27 26 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt 2/ : 1.97 34.10 37.50 37.90 48 40 39 Honey, Extracted, Lb 3/ : 0.1210 1.82 2.28 2.28 : Wool and Mohair : Wool, Lb : 0.0830 1.52 1.73 1.60 Mohair, Lb : 0.339 5.77 6.33 6.53 : Other Nonbasic : Barley, Bu : 0.372 6.50 7.17 7.16 37 35 34 Canola, Cwt : 1.38 28.00 29.60 26.60 Cottonseed, Ton :15.40 273.00 295.00 296.00 42 32 34 Dry Edible Beans, Cwt : 2.81 50.50 53.60 54.10 54 35 32 Flaxseed, Bu : 0.795 12.60 14.30 15.30 71 41 37 Mustard Seed, Cwt : 1.96 37.80 40.30 37.70 Oats, Bu : 0.221 3.82 4.20 4.25 43 41 39 Potatoes, Cwt : 0.823 14.80 15.90 15.80 38 44 44 Rapeseed, Cwt : 1.61 31.00 33.10 31.00 Rye, Bu : 0.355 6.10 6.75 6.83 Safflower, Cwt : 1.86 36.90 39.40 35.80 Sorghum Grain, Cwt : 0.617 10.70 11.50 11.90 28 25 26 Soybeans, Bu : 0.880 15.40 17.10 16.90 36 34 33 All Sunflower, Cwt : 1.68 30.00 31.60 32.30 46 37 35 Sweetpotatoes, Cwt : 2.33 38.90 43.90 44.90 Apples, Fresh, Lb 4/ : 0.0270 0.510 0.555 0.520 31 40 42 Citrus (equiv on-tree), Box : Grapefruit : 0.510 6.69 7.49 10.40 215 135 105 Lemons : 1.16 19.00 21.30 22.30 40 32 24 Oranges : 0.591 10.70 10.90 11.40 32 41 42 Tangerines : 1.39 24.60 25.70 26.80 58 46 53 Temples (FL) : 0.394 7.80 7.21 7.58 48 50 Beef Cattle, Cwt : 9.87 165.00 184.00 190.00 54 51 50 Calves, Cwt :13.70 221.00 249.00 264.00 57 54 52 Hogs, Cwt : 5.99 102.00 114.00 115.00 52 39 36 Lambs, Cwt :11.90 195.00 223.00 229.00 58 46 Sheep, Cwt : 4.89 81.30 89.80 94.10 66 52 Eggs, Doz 2/ : 0.0910 1.64 1.79 1.75 32 36 33 Turkeys, Live, Lb : 0.0560 0.990 1.070 1.080 40 51 38 -------------------------------------------------------------------------------- --continued Parity Prices Based on Data for January 2006, United States 1/ (continued) ------------------------------------------------------------------------------- Other Nonbasic : Adj :Parity :: Other Nonbasic : Adj :Parity Commodities : Base : Price :: Commodities : Base : Price : Base : :: : Base : ------------------------------------------------------------------------------- :Dollars Dollars:: :Dollars Dollars : :: : Field Crops and : :: Noncitrus Fruit, : Misc Commodities : :: Continued : Hops, Lb : 0.247 4.75 :: Olives, CA : Spearmint Oil, Lb : 1.44 27.70 :: canning, Ton 5/ : 92.30 1,777.00 Tobacco, Lb : :: Papayas (HA) : 0.0510 0.982 Flue-Cured, 11-14 : 0.247 4.75 :: Peaches : VA Fire-Cured, 21 : 0.258 4.97 :: Fresh, Ton 4/ : 83.09 1,600.00 KY-TN Fire-Cured, : :: Dried, CA, : 22-23 : 0.323 6.22 :: Ton : 77.00 1,480.00 Burley, 31 : 0.266 5.12 :: Processing 5/ : Maryland, 32 : 0.202 3.89 :: Excl Dried : Dark Air-Cured, : :: Clingstone, : 35-36 : 0.285 5.49 :: CA, Ton : 33.40 643.00 Sun-Cured, 37 : 0.237 4.56 :: Pears, Ton : PA Seedleaf, 41 : 0.201 3.87 :: Fresh 4/ : 54.50 1,050.00 Cigar Filler & : :: Dried, CA 6/ : 171.00 3,290.00 Binder, : :: Plums, CA, Ton : 42-44, 54-55 : 0.222 4.27 :: Fresh, Equiv : Puerto Rican : :: on-Tree : 60.10 1,160.00 Filler, 46 : 0.159 3.06 :: Prunes, Dried, : Cigar Binder, : :: CA, Ton 6/ : 132.00 2,540.00 51-52 : 0.760 14.60 :: Prunes and Plums, : Type 61 : 3.21 61.80 :: Excl CA, Ton : : :: Fresh 9/ : 62.40 1,200.00 Noncitrus Fruit : :: Processing 6/ : Apples, Ton 6/ : :: Excl Dried : 28.80 554.00 Processing : 17.60 339.00 :: : Apricots, Ton : :: Tree Nuts 10/ : Fresh 7/ :101.00 1,940.00 :: Almonds, Lb : 0.221 4.25 Dried, CA :270.00 5,200.00 :: Hazelnuts, Ton : 150.00 2,890.00 Avocados, Ton 7/ :233.00 4,490.00 :: Pistachio, Lb : 0.168 3.23 Cherries : :: Walnuts, Ton : 173.00 3,330.00 Sweet, Ton :195.00 3,750.00 :: : Tart, Lb : 0.0340 0.655:: Vegetables, Cwt 11/ : Cranberry, Bbl 5/ : 5.35 103.00 :: Fresh : Dates, CA, Ton 7/ :214.00 4,120.00 :: Carrots 8/ : 2.30 44.30 Grapes, Ton : :: Cauliflower 8/ : 4.44 85.50 Raisin Variety :121.00 2,330.00 :: Celery 8/ : 1.91 36.80 Other Dried : 70.80 1,360.00 :: Honeydew Melons : 2.64 50.80 Kiwifruit, Ton : 89.20 1,720.00 :: Lettuce : 2.36 45.40 Nectarines : :: Onions 8/ : 1.65 31.80 Fresh, CA, Ton 7/: 61.20 1,180.00 :: Tomatoes : 4.61 88.70 ------------------------------------------------------------------------------- 1/ Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January "Agricultural Prices" for details on adjusted base price and parity price computations. 2/ Seasonally adjusted price as percentage of parity price. 3/ Wholesale extracted. Adjusted base price derived from state annual 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. Marketing Year for Specified Commodities 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, 2003-2005 ------------------------------------------------------------------------------- State : 2003 : 2004 : 2005 1/ ------------------------------------------------------------------------------- : Dollars per Cwt : AL : 25.50 20.80 16.20 CA : 25.20 25.00 29.50 LA : 20.00 17.70 18.70 MS : 20.80 17.70 20.90 NJ : 25.80 26.30 23.70 NC : 14.50 13.50 14.00 SC : 12.50 15.00 15.90 TX : 19.00 16.80 10.40 VA : 12.20 12.80 11.30 : US : 19.20 17.50 19.60 ------------------------------------------------------------------------------- 1/ Preliminary. Rice: Marketing Year Average Prices Received, by State and United States, 2003 and 2004 -------------------------------------------------------------------------------- State : 2003 : 2004 -------------------------------------------------------------------------------- : : All : : Dollars per Cwt : AR : 7.70 7.13 CA : 10.40 7.34 LA : 7.68 7.77 MS : 7.34 7.48 MO : 7.20 6.98 TX : 7.35 7.96 : US 1/ : 8.08 7.33 : : Length of Grain : US: : Long : 7.60 7.34 Medium &: Short : 9.94 7.29 -------------------------------------------------------------------------------- 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, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketings 2/ Month :-----------------------------------:----------------------------------- :2003-2004 :2004-2005 :2005-2006 4/ :2003-2004 :2004-2005 :2005-2006 4/ -------------------------------------------------------------------------------- : : Aug : 5.93 8.93 6.55 8,542 9,104 13,952 Sep : 6.56 8.46 6.71 13,489 12,719 15,083 Oct : 7.15 7.59 6.93 16,507 13,590 15,566 Nov : 7.80 7.38 7.34 11,217 11,343 15,288 Dec : 8.55 7.37 7.49 16,408 13,310 16,064 Jan 3/ : 8.57 7.39 19,554 21,859 Feb : 8.23 6.90 12,641 15,622 Mar : 8.45 6.97 12,861 15,959 Apr : 8.65 6.98 10,176 14,859 May : 8.82 6.98 8,723 14,193 Jun : 9.30 6.96 9,021 13,841 Jul : 9.37 6.82 8,180 13,536 : MYA : 8.08 7.33 147,319 169,935 -------------------------------------------------------------------------------- 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. 4/ Prices and marketings include late reports and revised data for August~2005 - November~2005. Parity Prices Parity prices based on data for January 2006 and adjusted base price data from which parity prices are computed, are presented in the table on pages 32 through 35. Annual average prices for 1995 through 2004 for use in parity computations, and ten-year averages for 1995-2004 and 1996-2005 are shown on pages 38 through 47. Parity Prices shown on the following pages are computed under the provisions of Title III. Subtitle A, Section 301(a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, 1954, and 1956. The major provisions of the amended Act relating to the calculation of parity prices are as follows: "(1) (A) The 'parity price' for any agricultural commodity, as of any date, shall be determined by multiplying the adjusted base price of such commodity as of such date by the parity index as of such date. "(B) The 'adjusted base price' of any agricultural commodity, as of any date, shall be (i) the average of the prices received by farmers for such commodity, at such time as the Secretary may select during each year of the ten-year period ending on the 31st of December last before such date, or during each marketing season beginning in such period if the Secretary determines use of a calendar year basis to be impracticable, divided by (ii) the ratio of the general level of prices received by farmers for agricultural commodities during the period January 1910 to December 1914, inclusive. "(C) The 'parity index', as of any date, shall be the ratio of (i) the general level of prices for articles and services that farmers buy, wages paid hired farm labor, interest on farm indebtedness secured by farm real estate, and taxes on farm real estate, for the calendar month ending last before such date to (ii) the general level of such prices, wages, rates, and taxes during the period January 1910 to December 1914, inclusive. "(D) The prices and indexes provided for herein, and the data used in computing them, shall be determined by the Secretary, whose determination shall be final." Section 301(a) (1) (F) outlines authority for the Secretary of Agriculture to make special adjustments in the method of computing parity prices for particular commodities if the method outlined in the Act results in parity prices seriously out of line with those of other commodities. The parity prices shown in this report are based on the provisions of the amended Act. Briefly, the actual method of computation is as follows: a. The average of prices received by farmers for individual commodities for the 10 preceding years is calculated (for 2006 this is the 1996-2005 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 2006 is given below. The 120-month, January 1996-December 2005 average of prices received by farmers for corn was $2.85 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 716 (1910-14=100). Dividing $2.85 by 7.16 gives $0.398 per bushel, the adjusted base price which is multiplied by 1925 percent, the Parity Index (1910-14=100), based on data for January 2006. This gives $7.76 per bushel, the parity price of corn during January 2006. 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 :: Sweet Potatoes :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 ----------------------------------------------------------------------------- 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, 2006 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2006 2/ -------------------------------------------------------------------------------- : Dollars : Basic Commodities : All Wheat, Bu 3/ : 0.535 10.30 Rice, Cwt 3/ : 1.45 27.90 Corn, Bu 3/ : 0.398 7.66 Cotton, Lb : American Upland 3/ : 0.117 2.25 Extra Long Staple : 0.138 2.66 Peanuts, Lb : 0.035 0.674 Tobacco, Lb : Flue-Cured, Types 11-14 : 0.247 4.75 VA Fire-Cured, Type 21 : 0.258 4.97 KY-TN Fire-Cured, : Types 22-23 : 0.323 6.22 Burley, Type 31 : 0.266 5.12 Maryland, Type 32 : 0.202 3.89 Dark Air-Cured, Types 35-36 : 0.285 5.49 Sun-Cured, Type 37 : 0.237 4.56 PA SeedLeaf, Type 41 : 0.201 3.87 Cigar Filler & Binder, : Types 42-44, 54-55 : 0.222 4.27 Puerto Rican Filler, Type 46 : 0.159 3.06 Cigar Binder, Types 51-52 : 0.760 14.60 : Designated Nonbasic Commodities : Soybeans, Bu 3/ : 0.880 16.90 All Milk Sold to Plants, Cwt : 1.97 37.90 Honey, Wholesale, Lb Extracted : 0.121 2.28 : Wool and Mohair : Wool, Lb 3/ : 0.083 1.60 Mohair, Lb : 0.339 6.53 : Other Nonbasic Commodities : Field Crops and Misc : All Barley, Bu 3/ : 0.372 7.16 Canola, Cwt : 1.38 26.60 Cottonseed, Ton : 15.40 296.00 All Dry Edible Beans, Cwt : 2.81 54.10 Flaxseed, Bu : 0.795 15.30 All Hay, Baled, Ton : 12.60 243.00 Hops, Lb : 0.247 4.75 Mustard Seed, Cwt : 1.96 37.70 Oats, Bu 3/ : 0.221 4.25 Peppermint Oil, Lb 3/ : 1.68 32.30 All Potatoes, Cwt : 0.823 15.80 Rapeseed, Cwt : 1.61 31.00 Rye, Bu : 0.355 6.83 Safflower, Cwt : 1.86 35.80 Sorghum Grain, Cwt 3/ : 0.617 11.90 Spearmint Oil, Lb : 1.44 27.70 All Sunflower, Cwt : 1.68 32.30 Sweet Potatoes, Cwt : 2.33 44.90 Tobacco, Cigar Wrapper Type 61, Lb : 3.21 61.80 -------------------------------------------------------------------------------- Adjusted Base Prices and United States Parity Prices Based on Data for January, 2006 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2006 2/ -------------------------------------------------------------------------------- : Dollars : Fruit, Citrus (Equiv On-Tree) Box : Grapefruit 13/ : 0.510 10.40 Lemons 13/ : 1.161 22.30 Oranges 13/ : 0.591 11.40 Tangerines 13/ : 1.390 26.80 Temples 13/ : 0.394 7.58 : Fruit, Deciduous and Other : Apples : Fresh, Lb 4/ : 0.027 0.520 Processing, Ton 13/ : 17.60 339.00 Apricots, Ton : Fresh : 101.00 1,940.00 Processing : Dried (CA) : 270.00 5,200.00 Excl Dried : 38.10 733.40 Avocados, Ton 13/ : 233.00 4,490.00 Cherries : Sweet, Ton : 195.00 3,750.00 Tart, Lb 13/ : 0.034 0.655 Cranberries, Bbl 13/ : 5.35 103.00 Dates (CA), Ton 5/ : 214.00 4,120.00 Grapes, Ton : Raisin Varieties Dried (CA) : 121.00 2,330.00 Excl Raisin Varieties Dried : 70.80 1,360.00 Kiwifruit, Ton 13/ : 89.20 1,720.00 Nectarines (CA), Ton : Fresh 5/ : 61.20 1,180.00 Processing 6/ : 3.69 71.00 Olives (CA), Ton 7/ : Processing : Crushed for oil : 30.70 591.20 Excl crushed : 78.60 1,513.00 Canning : 92.30 1,777.00 Papayas (HI), Fresh, Lb : 0.051 0.982 Peaches : Fresh, Ton 4/ 7/ : 83.09 1,600.00 Processing : Dried (CA), Ton 6/ : 77.00 1,480.00 Excluding Dried, Ton : Clingstone (CA), Ton 7/ : 33.40 643.00 Freestone, Ton 6/ : 27.50 529.00 Pears : Fresh, Ton 4/ : 54.50 1,050.00 Processing, Ton 6/ : Dried (CA) : 171.00 3,290.00 Excluding Dried : 27.70 533.20 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Prices and United States Parity Prices Based on Data for January, 2006 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2006 2/ -------------------------------------------------------------------------------- : Dollars : Fruit, Deciduous and Other, Cont : Plums (CA) Equiv On-Tree : Fresh, Ton 8/ : 60.10 1,160.00 Processing, Ton : 5.77 111.10 Prunes, Dried (CA), Ton 13/ : 132.00 2,540.00 Prunes & Plums (EX CA), Ton : Fresh 8/ : 62.40 1,200.00 Processing 6/ : 28.80 554.00 Strawberries, Lb : Fresh 6/ : 0.098 1.89 Processing : 0.040 0.760 Sugar Crops, Ton : Sugarbeets 10/ 13/ : 5.42 104.30 Sugarcane 10/ 13/ : 3.91 75.80 : Tree Nuts 11/ : Almonds, Lb : 0.221 4.25 Hazelnuts, Ton : 150.00 2,890.00 Pecans, All, Ton : 291.00 5,602.00 Pistachio, All, Lb : 0.168 3.23 Walnuts, Ton 13/ : 173.00 3,330.00 : Vegetables, Fresh, Cwt 9/ : Asparagus : 16.00 308.00 Broccoli 12/ : 4.06 78.20 Carrots 12/ : 2.30 44.30 Cauliflower 12/ : 4.44 85.50 Celery 12/ : 1.91 36.80 Honeydew Melons : 2.64 50.80 Lettuce : 2.36 45.40 Onions 12/ : 1.65 31.80 Sweet Corn : 2.63 50.60 Tomatoes : 4.61 88.70 : Vegetables, Processing, Ton 6/ : Asparagus : 99.00 1,906.00 Green Peas : 37.20 716.10 Snap Beans : 22.90 440.80 Sweet Corn : 10.10 194.40 Tomatoes : 8.60 165.60 : Livestock and Products : Beef Cattle, Cwt : 9.87 190.00 Calves, Cwt : 13.70 264.00 Eggs, Doz : 0.091 1.75 Hogs, Cwt : 5.99 115.00 Lambs, Cwt : 11.90 229.00 Sheep, Cwt : 4.89 94.10 Turkeys, Lb : 0.056 1.08 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Prices and United States Parity Prices Based on Data for January, 2006 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2006 2/ -------------------------------------------------------------------------------- : Dollars : Discontinued Nonbasic Commodities 14/ : Field Crops and Misc : Crude Pine Gum, Bbl : 13.90 267.60 Dry Field Peas, Cwt : 1.89 36.40 Popcorn, Cwt : 1.81 34.80 Tobacco, Type 62, Lb 15/ : 0.858 16.52 Puerto Rican Filler, Type 46, Lb : 0.159 3.06 : Fruit, Deciduous and Other : Berries, Processing, Lb : Blackberries : 0.620 11.94 Black Raspberries : 0.106 2.04 Boysenberries/Youngberries : 0.088 1.69 Gooseberries : 0.037 0.720 Loganberries : 0.060 1.16 Red Raspberries : 0.084 1.62 : Seed Crops, Cwt : Alfalfa : 19.30 371.53 Bentgrass : 18.90 363.83 Chewings Fescue : 8.40 161.70 Crimson Clover : 10.00 192.50 Hairy Vetch : 5.81 111.84 Ladino Clover : 24.70 475.48 Lespedeza : 8.31 159.97 Merion KY Bluegrass : 22.00 423.50 Orchardgrass : 7.16 137.83 Red Clover : 12.00 231.00 Red Fescue : 10.10 194.43 Tall Fescue : 3.67 70.65 Timothy : 6.40 123.20 : Vegetables, Fresh, Cwt : Artichokes : 4.55 87.59 Cabbage : 1.38 26.57 Cantaloupes : 2.13 41.00 Cucumbers : 2.28 43.89 Eggplant : 2.41 46.39 Escarole : 3.10 59.68 Garlic : 2.93 56.40 Green Peppers : 3.60 69.30 Snap Beans : 4.51 86.82 Spinach : 3.95 76.04 Watermelon : 0.846 16.29 : Vegetables, Processing, Ton : Beets : 7.79 149.96 Cabbage : 6.01 115.69 Lima Beans : 67.00 1,289.75 Spinach : 14.50 279.13 : Livestock and Products : Beeswax, Lb : 0.291 5.60 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Price and United States Parity Prices Based on data for January 2006 (continued) 1/ Adjusted base price 1910-14 derived by dividing the average of 10 season average prices 1996-2005, including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations, by 716 percent (120-month, Jan 1996-Dec 2005 average of the index of prices received by farmers adjusted to include an allowance for unredeemed loans and other supplemental payments) unless otherwise noted. 2/ These parity prices are the legally applicable parity prices for the following calendar month. 3/ Adjusted base price 1910-14 derived from 120-month, Jan 1996-Dec 2005 average including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations. 4/ Equivalent packinghouse-door returns for CA, 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 2005 marketing year average prices are not yet available for these commodities. Therefore, the adjusted base prices are brought forward from 2004, 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. 15/ Monthly and/or season average prices are no longer estimated for this item. The adjusted base price is brought forward from 1988. This page intentionally left blank Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996 - 2005 1/ --------------------------------------------------------------------------- : : : : : : : Commodity and Unit : 1996 : 1997 : 1998 : 1999 : 2000 : 2001 : 2002 --------------------------------------------------------------------------- : (1910-14=100) Index of Prices : Received by Farmers : 712 678 645 607 611 650 620 --------------------------------------------------------------------------- : Calendar Year Average Prices 3/ : : Dollars : Basic Commodities : Corn, Bu : 3.55 2.60 2.20 1.89 1.86 1.89 2.13 Cotton, Upland, Lb : 0.741 0.679 0.646 0.516 0.498 0.389 0.336 All Wheat, Bu : 4.77 3.71 2.90 2.58 2.57 2.83 3.41 Rice, Cwt : 9.62 10.01 9.40 7.60 5.69 5.12 4.07 : Designated Nonbasic Comm : All Milk, Cwt :14.90 13.30 15.50 14.40 12.30 15.00 12.10 : Other Nonbasic Comm : Field Crops and Misc : All Barley, Bu : 3.07 2.39 2.13 1.99 2.14 2.14 2.39 All Dry Beans, Cwt :23.70 20.90 20.40 17.90 15.10 17.50 22.60 Flaxseed, Bu : 5.92 6.11 5.72 4.38 3.45 4.00 5.23 All Hay, Baled, Ton :88.90 102.80 89.70 78.70 80.40 95.20 93.70 Oats, Bu : 2.01 1.72 1.34 1.15 1.17 1.42 1.88 Sorghum, Cwt : 5.93 4.10 3.54 2.86 3.10 3.38 3.80 Soybeans, Bu : 7.27 7.40 5.93 4.57 4.73 4.43 4.93 All Sunflower, Cwt :12.40 11.50 12.50 9.23 7.58 8.30 11.60 : Fruit : Apples, Fresh, Lb 4/ : 0.242 0.194 0.184 0.176 0.195 0.180 0.241 : Livestock and Products : Beef Cattle, Cwt :59.30 63.30 59.70 63.30 68.40 71.20 66.60 Calves, Cwt :58.70 82.30 82.30 89.60 105.80 106.70 97.60 Eggs, Doz : 0.758 0.696 0.665 0.609 0.636 0.604 0.598 All Hogs, Cwt :53.30 52.00 32.50 32.30 42.90 44.10 33.30 Lambs, Cwt :88.30 90.50 72.50 74.50 80.30 67.60 73.30 Sheep, Cwt :30.30 38.10 31.90 30.70 33.80 35.80 28.90 Turkeys, Lb : 0.435 0.401 0.379 0.407 0.414 0.391 0.365 --------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996 - 2005 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1996-05 Average : : : : 1995-04 :---------------------- Commodity and Unit : 2003 : 2004 : 2005 : Average : As : For Parity : : : : :Computed :Purposes 2/ -------------------------------------------------------------------------------- : (1910-14=100) Index of Prices : Received by Farmers : 677 757 737 660 669 716 -------------------------------------------------------------------------------- : Calendar Year Average Prices 3/ : : Dollars : Basic Commodities : Corn, Bu : 2.27 2.47 1.97 2.34 2.28 2.85 Cotton, Upland, Lb : 0.517 0.543 0.427 0.564 0.529 0.837 All Wheat, Bu : 3.45 3.57 3.36 3.39 3.31 3.83 Rice, Cwt : 5.78 8.43 7.02 7.33 7.27 10.40 : Designated Nonbasic Comm : All Milk, Cwt : 12.50 16.10 15.15 13.90 14.10 : Other Nonbasic Comm : Field Crops and Misc : All Barley, Bu : 2.86 2.61 2.44 2.42 2.42 2.66 All Dry Beans, Cwt : 17.70 21.20 24.18 19.90 20.10 Flaxseed, Bu : 6.00 7.18 8.92 5.30 5.69 All Hay, Baled, Ton : 88.80 89.50 96.40 89.10 90.40 Oats, Bu : 1.71 1.52 1.64 1.54 1.56 1.58 Sorghum, Cwt : 3.96 4.13 3.21 3.93 3.80 4.42 Soybeans, Bu : 6.08 7.56 5.95 5.88 5.89 6.33 All Sunflower, Cwt : 11.80 13.10 14.20 10.90 11.20 12.00 : Fruit : Apples, Fresh, Lb 4/ : 0.185 0.200 0.158 0.200 0.196 : Livestock and Products : Beef Cattle, Cwt : 80.00 85.60 89.88 68.00 70.70 Calves, Cwt :103.60 121.60 133.67 92.30 98.20 Eggs, Doz : 0.746 0.698 0.545 0.665 0.655 All Hogs, Cwt : 37.50 51.20 49.67 42.10 42.90 Lambs, Cwt : 94.80 101.50 111.17 82.10 85.40 85.50 Sheep, Cwt : 35.90 38.80 45.27 33.30 35.00 Turkeys, Lb : 0.360 0.419 0.452 0.398 0.402 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996-2005 1/ -------------------------------------------------------------------------- Commodity and Unit : 1996 : 1997 : 1998 : 1999 : 2000 : 2001 : : : : : : -------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Basic Commodities : Cotton, Long Staple, Lb : 1.070 1.014 0.924 0.852 1.003 0.856 Peanuts, Lb 17/ : 0.281 0.283 0.284 0.254 0.274 0.234 Tobacco, Lb : Types 11-14 : 1.834 1.720 1.756 1.737 1.793 1.857 Type 21 : 1.790 2.125 1.936 1.819 1.637 1.759 Ky-Tn Fire-Cured, : Types 22-23 : 2.245 2.256 2.225 2.298 2.163 2.149 Burley, Type 31 : 1.922 1.885 1.903 1.899 1.963 1.973 Type 32 : 1.856 1.576 1.291 1.345 1.387 1.554 Types 35-36 : 1.952 2.017 2.017 2.039 1.965 1.829 Sun-Cured, Type 37 20/: 1.782 1.908 1.709 1.590 1.800 1.686 PA Seedleaf, Type 41 : 1.550 1.600 1.300 1.300 19/ 1.650 Cigar Filler & Binder : Types 42-44, : 54-55 21/ : 1.486 1.505 1.498 1.490 1.550 1.650 Types 51-52 : 6.279 7.273 5.499 4.737 4.916 5.589 : Designated Nonbasic Comm : Honey, Lb : 0.888 0.752 0.660 0.600 0.600 0.710 : Wool and Mohair 8/ : Wool, Lb : 0.700 0.840 0.600 0.380 0.330 0.350 Mohair, Lb : 1.92 2.25 2.49 3.46 4.04 2.13 : Other Nonbasic Comm : Field Crops and Misc : Canola, Cwt : 12.90 11.30 10.30 7.82 6.71 8.77 Cottonseed, Ton :126.00 121.00 129.00 89.00 105.00 90.50 Hops, Lb : 1.65 1.60 1.69 1.69 1.87 1.85 Mustard Seed, Cwt : 16.90 15.90 13.60 11.40 10.10 12.10 Peppermint Oil, Lb : 13.60 12.90 11.90 10.70 10.80 10.90 Potatoes, Cwt : 4.91 5.64 5.56 5.76 5.08 6.99 Rapeseed, Cwt : 13.30 13.20 10.30 8.68 9.74 10.80 Rye, Bu : 3.70 3.75 2.50 2.27 2.60 2.86 Safflower, Cwt : 18.10 15.40 14.20 13.70 10.60 10.90 Spearmint Oil, Lb : 12.00 11.90 11.00 9.75 9.06 9.09 Sweet Potatoes, Cwt : 14.40 15.80 15.30 17.60 15.30 15.30 -------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996-2005 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : : 1995-04 : 1996-05 Commodity and Unit : 2002 : 2003 : 2004 : 2005 : Average : Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Basic Commodities : Cotton, Long Staple, Lb : 0.860 1.210 0.878 1.180 0.990 0.985 Peanuts, Lb 17/ : 0.182 0.193 0.189 0.174 0.247 0.247 Tobacco, Lb : Types 11-14 : 1.820 1.851 1.845 1.452 1.800 1.767 Type 21 : 1.884 1.641 1.798 2.100 1.803 1.849 Ky-Tn Fire-Cured, : Types 22-23 : 2.378 2.475 2.540 2.377 2.290 2.311 Burley, Type 31 : 1.974 1.977 1.994 1.564 1.934 1.905 Type 32 : 1.348 1.463 1.308 1.300 1.470 1.443 Types 35-36 : 2.101 2.157 2.194 2.137 2.003 2.041 Sun-Cured, Type 37 20/: 1.778 1.707 1.476 6/ 1.699 6/ PA Seedleaf, Type 41 : 1.450 1.400 1.450 1.350 1.451 1.441 Cigar Filler & Binder : Types 42-44, : 54-55 21/ : 1.750 1.746 1.750 6/ 1.558 6/ Types 51-52 : 5.372 3.584 5.309 5.850 5.245 5.441 : Designated Nonbasic Comm : Honey, Lb : 1.327 1.387 1.085 6/ 0.814 6/ : Wool and Mohair 8/ : Wool, Lb : 0.530 0.730 0.800 0.710 0.630 0.597 Mohair, Lb : 1.58 1.66 1.96 2.78 2.33 2.43 : Other Nonbasic Comm : Field Crops and Misc : Canola, Cwt : 10.60 10.60 10.70 9.40 10.10 9.92 Cottonseed, Ton :101.00 117.00 107.00 95.00 110.00 110.00 Hops, Lb : 1.91 1.86 1.88 1.95 1.77 1.77 Mustard Seed, Cwt : 15.40 16.00 15.20 13.50 13.90 14.00 Peppermint Oil, Lb : 11.90 12.00 11.90 12.00 12.00 12.00 Potatoes, Cwt : 6.67 5.89 5.67 6/ 5.89 6/ Rapeseed, Cwt : 9.73 11.00 14.10 14.30 11.30 11.50 Rye, Bu : 3.32 2.93 3.22 3.32 2.50 2.54 Safflower, Cwt : 12.20 13.70 12.10 12.60 13.60 13.40 Spearmint Oil, Lb : 9.11 9.29 9.48 10.30 10.30 10.30 Sweet Potatoes, Cwt : 16.80 19.20 17.50 19.60 16.70 16.30 -------------------------------------------------------------------------------- 1/ Average used to compute "adjusted base prices". 2005 and 1996-2005 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 1995-2004 and 1996-2005 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/ Average local market price; does not include incentive payment per pound, the 1995-2004 and 1996-2005 averages for parity purposes include this allowance. 9/ Consistent with legislation quoted in this report, citrus prices shown for 2004 relate to the citrus crop designated as 2004-2005 in the production reports. 10/ Equivalent returns at processing plant door. 11/ Equivalent returns at packinghouse-door. 12/ Equivalent returns for bulk fruit at first delivery point. 13/ Based on "as sold" prices for fresh fruit in all states. 14/ Average F.O.B. shipping point prices. 15/ Includes strawberries for processing in states where the processing crop is not estimated separately. 16/ Prices include average conditional payments per ton made under the sugar acts of 1937 and 1948. Crop deficiency and abandonment payments not included. 17/ Prices on in-shell basis except almonds which are on shelled basis. 18/ Includes some processing. 19/ Marketing year average prices not published to avoid disclosure of individual firms. 20/ None grown in 2005. 21/ Estimates discontinued in 2005. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996-2005 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1996 : 1997 : 1998 : 1999 : 2000 : 2001 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 6/ 6/ 6/ 6/ 25.30 23.00 : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 1.93 2.00 3.17 3.87 2.50 3.03 Lemons : 8.36 6.57 8.85 9.49 4.96 11.40 Oranges : 4.22 4.29 5.47 3.58 3.85 4.25 Tangerines : 9.48 8.84 12.60 7.15 7.92 9.59 Temples : 3.22 3.07 5.12 2.55 2.05 2.19 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 171.00 130.00 95.10 128.00 101.00 108.00 Apricots, Ton : Fresh 14/ :1,170.00 558.00 579.00 638.00 573.00 650.00 Processing 11/ : Dried (CA) :2,240.00 1,810.00 1,860.00 20/1,860.00 1,960.00 Excl Dried : 285.00 274.00 259.00 295.00 283.00 257.00 Avocados, Ton :1,430.00 1,560.00 2,160.00 1,950.00 1,400.00 1,670.00 Cherries : Sweet, Ton :1,470.00 1,250.00 1,100.00 1,100.00 1,340.00 1,230.00 Tart, Lb : 0.161 0.159 0.145 0.218 0.187 0.186 Cranberries, Bbl : 65.90 63.70 36.60 17.20 18.10 23.80 Dates, (CA) Ton :1,090.00 1,100.00 1,220.00 1,240.00 1,230.00 1,360.00 Grapes, Ton : Raisin Varieties : Dried (CA) :1,070.00 908.00 1,250.00 1,220.00 569.00 570.00 Excl Raisin Var Dr : 483.00 497.00 508.00 522.00 510.00 558.00 Kiwifruit, Ton 12/ : 470.00 518.00 744.00 634.00 455.00 667.00 Nectarines, Ton : Fresh 12/ : 20/ 20/ 20/ 437.00 407.00 480.00 Processing 11/ : 20/ 20/ 20/ 27.90 24.00 26.00 Olives (CA), Ton : Processing 13/ : Crushed for Oil : 11.00 11.00 11.00 200.00 300.00 300.00 Excl Crushed : 643.00 665.00 481.00 394.00 677.00 673.00 Canning 13/ : 745.00 760.00 590.00 513.00 769.00 770.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996-2005 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1995-04 :1996-05 Commodity and Unit : 2002 : 2003 : 2004 : 2005 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 22.50 26.00 6/ 6/ 6/ 6/ : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 3.03 3.84 13.40 6/ 2.76 6/ Lemons : 6.53 8.57 12.00 6/ 7.86 6/ Oranges : 3.56 3.75 4.57 6/ 4.20 6/ Tangerines : 10.10 8.90 13.70 6/ 9.78 6/ Temples : 2.01 1.07 2.48 6/ 2.82 6/ : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 130.00 131.00 107.00 6/ 127.00 6/ Apricots, Ton : Fresh 14/ : 678.00 618.00 672.00 1,110.00 700.00 720.00 Processing 11/ : Dried (CA) :1,590.00 1,760.00 1,950.00 2,410.00 1,900.00 1,930.00 Excl Dried : 268.00 262.00 279.00 267.00 274.00 273.00 Avocados, Ton :1,920.00 1,690.00 1,630.00 6/1,650.00 6/ Cherries : Sweet, Ton :1,550.00 1,400.00 1,570.00 1,980.00 1,327.00 1,399.00 Tart, Lb : 0.448 0.354 0.326 0.243 0.224 0.243 Cranberries, Bbl : 32.20 33.90 32.30 34.00 37.70 35.80 Dates, (CA) Ton :1,550.00 2,300.00 2,260.00 2,000.00 1,413.00 1,535.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 393.00 563.00 1,210.00 940.00 873.00 869.00 Excl Raisin Var Dr : 490.00 491.00 522.00 487.00 498.00 507.00 Kiwifruit, Ton 12/ : 783.00 853.00 809.00 6/ 574.00 6/ Nectarines, Ton : Fresh 12/ : 382.00 436.00 342.00 521.00 441.00 438.00 Processing 11/ : 20/ 20/ 20/ 20/ 26.00 20/ Olives (CA), Ton : Processing 13/ : Crushed for Oil : 240.00 238.00 361.00 527.00 168.30 219.90 Excl Crushed : 573.00 409.00 571.00 548.00 577.00 563.00 Canning 13/ : 662.00 458.00 701.00 645.00 675.00 661.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996-2005 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1996 : 1997 : 1998 : 1999 : 2000 : 2001 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Papayas (HI), Fresh, Lb : 0.448 0.529 0.350 0.402 0.316 0.279 : Peaches : Fresh, Ton 14/ : 662.00 488.00 602.00 572.00 552.00 614.00 Processing 11/ : Dried (CA), Ton : 726.00 612.00 544.50 620.00 728.00 514.00 Excluding Dried, Ton : Clingstone CA, Ton : 219.00 260.00 219.00 225.00 250.00 244.00 Freestone, Ton : 191.00 206.00 196.00 196.00 206.00 207.00 : Pears : Fresh, Ton 4/ : 496.00 329.00 375.00 388.00 321.00 334.00 Processing, Ton 11/ : Dried (CA) :1,290.00 1,020.00 1,500.00 1,040.00 909.00 1,210.00 Excluding Dried : 223.00 213.00 199.00 184.00 190.00 175.00 : Plums (CA), Ton : Fresh 20/ : 20/ 20/ 20/ 20/ 20/ 20/ Processing 20/ : 20/ 20/ 20/ 20/ 20/ 20/ : Prunes, Dried, CA, Ton 11/: 839.00 883.00 764.00 861.00 770.00 726.00 : Prunes & Plums, Ex CA, Ton: Fresh 14/ : 575.00 448.00 476.00 232.00 321.00 345.00 Processing 11/ : 267.00 134.00 162.00 182.00 178.00 185.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.565 0.656 0.741 0.744 0.649 0.758 Processing : 0.204 0.271 0.319 0.330 0.245 0.292 : Sugar Crops, Ton 17/ : Sugarbeets : 45.40 38.80 36.40 37.20 34.20 39.80 Sugarcane : 28.30 28.10 27.30 25.60 26.10 29.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996-2005 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1995-04 :1996-05 Commodity and Unit : 2002 : 2003 : 2004 : 2005 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Papayas (HI), Fresh, Lb : 0.277 0.319 0.361 0.361 0.372 0.364 : Peaches : Fresh, Ton 14/ : 612.00 581.00 548.00 718.00 575.10 594.90 Processing 11/ : Dried (CA), Ton : 456.00 446.00 382.00 504.00 592.00 553.00 Excluding Dried, Ton : Clingstone CA, Ton : 247.00 215.00 263.00 252.00 236.00 239.00 Freestone, Ton : 199.00 204.00 182.00 179.00 199.00 197.00 : Pears : Fresh, Ton 4/ : 361.00 358.00 437.00 501.00 374.00 390.00 Processing, Ton 11/ : Dried (CA) :1,315.00 1,350.00 1,030.00 1,600.00 1,158.001,226.00 Excluding Dried : 202.00 197.00 201.00 194.00 196.00 198.00 : Plums (CA), Ton : Fresh 20/ : 20/ 20/ 20/ 20/ 20/ 20/ Processing 20/ : 20/ 20/ 20/ 20/ 20/ 20/ : Prunes, Dried, CA, Ton 11/: 810.00 772.00 1,500.00 1,500.00 897.00 943.00 : Prunes & Plums, Ex CA, Ton: Fresh 14/ : 396.00 446.00 468.00 759.00 415.00 447.00 Processing 11/ : 204.00 254.00 228.00 261.00 194.00 206.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.713 0.749 0.781 0.682 0.696 0.704 Processing : 0.331 0.281 0.263 0.289 0.280 0.283 : Sugar Crops, Ton 17/ : Sugarbeets : 39.60 41.40 36.90 6/ 39.00 6/ Sugarcane : 28.40 29.50 28.30 6/ 28.10 6/ -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996-2005 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1996 : 1997 : 1998 : 1999 : 2000 : 2001 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Tree Nuts 18/ : Almonds, Lb : 2.08 1.56 1.41 0.86 0.97 0.91 Hazelnuts, Ton : 860.00 899.00 964.00 890.00 891.00 701.00 Pecans, All, Lb : 0.641 0.774 1.210 0.814 1.140 0.594 Pistachio, All, Lb : 1.16 1.13 1.03 1.33 1.01 1.01 Walnuts, Ton :1,580.00 1,430.00 1,050.00 886.00 1,240.001,120.00 : Vegetables, Fresh, Cwt 15/: Asparagus : 92.90 108.00 124.00 131.00 117.00 140.00 Broccoli : 27.10 28.50 30.20 24.10 31.20 26.50 Carrots : 13.40 12.90 12.20 16.80 13.10 17.10 Cauliflower : 32.90 31.60 34.50 29.70 32.10 29.20 Celery 19/ : 10.50 14.70 11.70 12.00 18.50 14.40 Honeydew Melons : 17.00 18.90 21.60 21.10 19.20 21.10 Lettuce : 14.70 17.50 16.20 13.30 17.30 17.90 Onions 19/ : 10.50 12.60 13.00 9.74 11.20 10.70 Sweet Corn : 16.90 17.70 17.20 16.90 18.50 19.50 Tomatoes : 28.10 31.70 35.20 25.80 30.70 30.00 : Vegetables, Proc., Ton 11/: Asparagus :1,210.00 1,220.00 1,200.00 1,180.00 1,180.001,040.00 Green Peas : 284.00 288.00 282.00 275.00 248.00 264.00 Snap Beans : 178.00 176.00 172.00 173.00 171.00 161.00 Sweet Corn : 78.50 74.90 73.30 71.10 73.40 73.00 Tomatoes : 62.30 60.70 65.30 71.10 59.80 59.20 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1996-2005 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1995-04 :1996-05 Commodity and Unit : 2002 : 2003 : 2004 : 2005 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Tree Nuts 18/ : Almonds, Lb : 1.11 1.57 2.21 3.08 1.52 1.58 Hazelnuts, Ton :1,000.00 1,030.00 1,440.00 2,040.00 959.001,072.00 Pecans, All, Lb : 0.955 0.984 1.760 1.540 0.990 1.040 Pistachio, All, Lb : 1.10 1.22 1.34 2.03 1.10 1.20 Walnuts, Ton :1,170.00 1,160.00 1,390.00 6/1,210.00 6/ : Vegetables, Fresh, Cwt 15/: Asparagus : 110.00 105.00 122.00 97.50 116.30 114.70 Broccoli 19/ : 31.40 31.60 32.20 28.50 29.20 29.10 Carrots : 19.10 19.00 20.20 20.90 16.10 16.50 Cauliflower : 32.20 34.60 30.50 30.30 32.10 31.80 Celery 19/ : 12.80 13.40 14.80 14.30 13.90 13.70 Honeydew Melons : 18.10 18.80 17.60 15.30 19.40 18.90 Lettuce : 21.10 18.10 16.90 15.60 17.70 16.90 Onions 19/ : 12.10 13.70 10.50 13.70 11.40 11.80 Sweet Corn : 19.20 19.30 20.80 22.10 18.40 18.80 Tomatoes : 31.60 37.40 37.50 41.50 31.40 33.00 : Vegetables, Proc., Ton 11/: Asparagus :1,110.00 1,170.00 1,170.00 1,050.00 1,163.001,153.00 Green Peas : 253.00 250.00 250.00 267.00 266.00 266.00 Snap Beans : 151.00 157.00 158.00 141.00 167.00 164.00 Sweet Corn : 68.00 70.40 72.10 68.40 73.00 72.30 Tomatoes : 58.20 58.70 58.60 61.00 61.70 61.50 -------------------------------------------------------------------------------- 1/ Average used to compute "adjusted base prices". 2005 and 1996-2005 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 1995-2004 and 1996-2005 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 1995-2004 and 1996-2005 averages for parity purposes include this allowance. 10/ Consistent with legislation quoted in this report, citrus prices shown for 2004 relate to the citrus crop designated as 2004-2005 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 Month and Annual Average, United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : All Farm Products : : 1910-14 = 100 : 2002 : 604 625 667 597 608 614 626 632 623 606 616 619 620 2003 : 631 627 629 638 667 681 666 693 704 718 738 728 677 2004 : 709 737 774 792 816 813 789 761 735 721 729 706 757 2005 : 707 723 755 770 757 757 742 738 740 706 717 728 737 2006 : 712 712 : : 1990-92 = 100 : 2002 : 95 98 105 94 96 97 99 100 98 95 97 98 98 2003 : 99 99 99 100 105 107 105 109 111 113 116 115 107 2004 : 112 116 122 125 128 128 124 120 116 114 115 111 119 2005 : 111 114 119 121 119 119 117 116 116 111 113 115 116 2006 : 112 112 : : All Crops : : 1910-14 = 100 : 2002 : 462 501 580 493 511 515 537 555 537 500 510 507 517 2003 : 506 509 523 540 569 576 538 558 549 549 570 577 547 2004 : 559 596 602 607 607 603 593 582 559 545 546 512 576 2005 : 504 528 570 591 572 594 571 566 549 509 520 544 552 2006 : 529 529 : : 1990-92 = 100 : 2002 : 94 102 118 100 104 104 109 113 109 101 103 103 105 2003 : 103 103 106 109 115 117 109 113 111 111 116 117 111 2004 : 113 121 122 123 123 122 120 118 113 111 111 104 117 2005 : 102 107 116 120 116 120 116 115 111 103 105 110 112 2006 : 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 Month and Annual Average, United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Food Grains : : 1910-14 = 100 : 2002 : 284 270 271 267 274 302 333 365 411 410 394 396 331 2003 : 372 336 326 316 326 323 311 349 353 359 379 393 345 2004 : 393 395 402 408 407 384 366 357 364 363 362 359 380 2005 : 361 347 352 347 347 344 341 342 353 357 364 373 352 2006 : 365 365 : : 1990-92 = 100 : 2002 : 89 85 85 84 86 95 105 115 129 129 124 125 104 2003 : 117 106 102 99 102 102 98 110 111 113 119 124 109 2004 : 124 124 127 129 128 121 115 112 114 114 114 113 120 2005 : 114 109 111 109 109 108 107 108 111 112 115 117 111 2006 : 115 115 : : Feed Grains and Hay : : 1910-14 = 100 : 2002 : 322 325 327 328 339 346 364 394 398 377 370 378 356 2003 : 375 380 380 382 391 392 365 363 360 342 353 368 371 2004 : 376 404 421 445 454 438 405 389 362 345 331 333 392 2005 : 340 326 339 342 353 369 376 357 335 306 297 323 339 2006 : 322 322 : : 1990-92 = 100 : 2002 : 90 91 91 92 95 97 102 110 111 105 104 106 100 2003 : 105 106 106 107 109 110 102 102 101 96 99 103 104 2004 : 105 113 118 124 127 123 113 109 101 96 93 93 110 2005 : 95 91 95 96 99 103 105 100 94 85 83 90 95 2006 : 90 90 -------------------------------------------------------------------------------- 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 Month and Annual Average, United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Cotton : : 1910-14 = 100 : 2002 : 231 237 240 230 226 285 298 292 303 333 363 374 284 2003 : 385 393 411 384 388 385 391 391 471 573 533 535 437 2004 : 526 523 521 510 505 506 455 411 428 428 365 332 459 2005 : 325 324 341 350 335 354 347 356 374 410 410 405 361 2006 : 419 419 : : 1990-92 = 100 : 2002 : 45 46 47 45 44 56 58 57 59 65 71 73 56 2003 : 75 77 80 75 76 75 76 76 92 112 104 104 85 2004 : 103 102 102 100 99 99 89 80 83 83 71 65 90 2005 : 64 63 67 68 65 69 68 69 73 80 80 79 70 2006 : 82 82 : : Tobacco 3/ : : 1910-14 = 100 : 2002 :1761 1704 1478 1609 1561 1574 1609 1739 1735 1641 2003 :1817 1800 1570 1065 1557 1570 1635 1643 1726 1735 1612 2004 :1822 1891 1830 574 1648 1661 1726 1743 1421 2005 :1857 1917 1265 1265 1369 : : 1990-92 = 100 : 2002 : 116 113 98 106 103 104 106 115 115 108 2003 : 120 119 104 70 103 104 108 109 114 115 107 2004 : 120 125 121 38 109 110 114 115 94 2005 : 123 127 84 84 91 -------------------------------------------------------------------------------- 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. 3/ Monthly prices discontinued July 2005. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Oil-Bearing Crops : : 1910-14 = 100 : 2002 : 415 419 432 440 455 483 528 538 483 494 530 537 480 2003 : 540 548 550 571 594 597 570 552 529 607 664 692 585 2004 : 714 805 901 935 930 882 824 661 518 529 528 545 731 2005 : 548 539 588 594 610 649 653 599 511 531 537 558 576 2006 : 539 539 : : 1990-92 = 100 : 2002 : 76 77 79 80 83 88 96 98 88 90 97 98 88 2003 : 99 100 101 104 109 109 104 101 97 111 121 127 107 2004 : 131 147 165 171 170 161 151 121 95 97 97 100 134 2005 : 100 99 107 109 111 119 119 109 93 97 98 102 105 2006 : 98 98 : : Fruit and Nuts : : 1910-14 = 100 : 2002 : 585 580 668 632 729 794 831 849 866 861 768 644 734 2003 : 549 553 606 664 745 811 845 872 880 884 847 700 746 2004 : 670 768 793 697 843 885 885 935 1019 1103 989 791 865 2005 : 794 885 837 731 833 999 991 1022 1067 1059 1059 845 927 2006 : 953 953 : : 1990-92 = 100 : 2002 : 84 83 96 91 104 114 119 122 124 123 110 92 105 2003 : 79 79 87 95 107 116 121 125 126 127 121 100 107 2004 : 96 110 114 100 121 127 127 134 146 158 142 113 124 2005 : 114 127 120 105 119 143 142 146 153 152 152 121 133 2006 : 136 136 -------------------------------------------------------------------------------- 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 Month and Annual Average, United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Commercial Vegetables : : 1910-14 = 100 : 2002 :1054 1283 1816 803 770 731 771 807 795 704 735 694 914 2003 : 752 755 824 865 924 1015 797 920 964 955 1041 1171 915 2004 : 842 960 770 879 749 742 830 886 899 1065 1110 805 878 2005 : 635 805 1095 1225 894 938 761 798 881 764 787 1128 893 2006 : 917 917 : : 1990-92 = 100 : 2002 : 158 192 272 120 115 109 115 121 119 105 110 104 137 2003 : 112 113 123 129 138 152 119 138 144 143 156 175 137 2004 : 126 144 115 131 112 111 124 133 134 159 166 121 131 2005 : 95 121 164 183 134 140 114 119 132 114 118 169 134 2006 : 137 137 : : Potatoes and Dry Beans : : 1910-14 = 100 : 2002 : 620 645 715 699 748 806 884 651 520 466 524 547 652 2003 : 533 554 567 592 590 559 570 483 458 443 479 493 527 2004 : 488 504 530 568 558 558 552 485 492 450 486 510 515 2005 : 531 533 560 564 616 675 743 591 524 484 537 584 579 2006 : 582 582 : : 1990-92 = 100 : 2002 : 123 127 141 138 148 159 175 129 103 92 104 108 129 2003 : 105 110 112 117 117 110 113 96 90 87 95 97 104 2004 : 96 100 105 112 110 110 109 96 97 89 96 101 102 2005 : 105 105 111 111 122 133 147 117 104 96 106 115 114 2006 : 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 Month and Annual Average, United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Crops : : 1910-14 = 100 : 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 : 569 569 569 569 569 569 569 569 569 569 569 569 569 2005 : 578 578 578 578 578 578 578 578 578 578 578 578 578 2006 : 586 586 : : 1990-92 = 100 : 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 : 115 115 115 115 115 115 115 115 115 115 115 115 115 2005 : 117 117 117 117 117 117 117 117 117 117 117 117 117 2006 : 119 119 : : Food Commodities : : 1990-92 = 100 : 2002 : 96 100 108 93 94 95 97 97 95 93 96 95 97 2003 : 97 96 96 98 104 106 104 110 112 116 120 117 106 2004 : 113 117 124 127 131 130 127 123 119 117 121 116 122 2005 : 116 118 123 126 122 122 119 120 121 116 120 122 120 2006 : 118 118 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Products : : 1910-14 = 100 : 2002 : 742 734 723 684 681 689 678 669 655 664 684 698 692 2003 : 735 728 715 717 740 758 776 809 847 887 895 859 789 2004 : 842 859 934 967 1021 1020 981 933 908 902 916 918 933 2005 : 931 917 932 938 934 905 903 901 937 935 929 918 923 2006 : 900 900 : : 1990-92 = 100 : 2002 : 97 96 94 89 89 90 88 87 85 87 89 91 90 2003 : 96 95 93 93 96 99 101 105 110 116 117 112 103 2004 : 110 112 122 126 133 133 128 122 118 118 119 120 122 2005 : 121 119 121 122 122 118 118 117 122 122 121 120 120 2006 : 117 117 : : Meat Animals : : 1910-14 = 100 : 2002 : 916 948 937 884 867 868 882 859 821 857 869 896 884 2003 : 946 963 946 972 1014 1027 1025 1054 1100 1169 1179 1123 1043 2004 :1058 1060 1134 1152 1232 1248 1235 1228 1206 1203 1202 1195 1179 2005 :1229 1216 1244 1277 1275 1210 1175 1177 1207 1237 1224 1231 1225 2006 :1232 1232 : : 1990-92 = 100 : 2002 : 90 93 92 87 85 85 87 84 81 84 86 88 87 2003 : 93 95 93 96 100 101 101 104 108 115 116 110 103 2004 : 104 104 112 113 121 123 121 121 119 118 118 118 116 2005 : 121 120 122 126 125 119 116 116 119 122 120 121 121 2006 : 121 121 -------------------------------------------------------------------------------- 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 Month and Annual Average, United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Dairy Products : : 1910-14 = 100 : 2002 : 836 805 774 768 744 707 682 694 713 744 731 731 744 2003 : 725 701 676 676 676 676 744 817 891 922 885 848 770 2004 : 811 836 953 1112 1186 1118 989 916 953 959 996 1008 986 2005 : 977 953 959 934 910 891 910 910 940 953 928 910 931 2006 : 891 891 : : 1990-92 = 100 : 2002 : 104 100 96 96 93 88 85 87 89 93 91 91 93 2003 : 90 87 84 84 84 84 93 102 111 115 110 106 96 2004 : 101 104 119 139 148 139 123 114 119 119 124 126 123 2005 : 122 119 119 116 113 111 113 113 117 119 116 113 116 2006 : 111 111 : : Poultry and Eggs : : 1910-14 = 100 : 2002 : 295 271 271 244 257 280 265 262 258 243 269 270 265 2003 : 303 291 291 279 289 307 307 316 322 330 350 339 310 2004 : 373 390 414 392 397 411 406 367 330 322 331 332 372 2005 : 343 338 342 341 344 345 354 351 359 334 341 329 343 2006 : 303 303 : : 1990-92 = 100 : 2002 : 105 96 96 87 92 100 94 93 92 86 96 96 94 2003 : 108 104 104 99 103 109 109 112 115 118 124 121 111 2004 : 133 139 147 139 141 146 144 130 117 114 118 118 132 2005 : 122 120 122 121 122 123 126 125 134 125 127 123 124 2006 : 113 113 -------------------------------------------------------------------------------- 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 2006 is 90.1, down 1.3 points from 2005. The parity price for all milk sold to plants is $37.90 per cwt. This price multiplied by 90.1 percent, results in $34.15 per cwt as the parity price equivalent for manufacturing milk of average milkfat content. In 2005, the simple average of monthly fat tests for manufacturing grade milk was 3.86 percent. The fat test ranged from a low of 3.68 in July to a high of 4.08 percent in December. Average price January 1996 - December 2005 a. Manufacturing grade milk 12.70 b. All milk sold at wholesale to plants and dealers 14.10 c. Ratio a/b . . . . . . . 90.1 Parity price equivalent for manufacturing grade milk - United States a. January 2005 . . . . . . 32.08 b. December 2005 . . . . . 34.28 c. January 2006 . . . . . . 34.15 Manufacturing Grade Milk: Average Price Per Cwt Received 1/, by Month, United States, January 1996-December 2005 -------------------------------------------------------------------------------- : : : : : : : : : : : : Year : Jan : Feb : Mar : Apr : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec : : : : : : : : : : : : -------------------------------------------------------------------------------- : : Dollars : 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 11.40 11.30 11.10 10.30 9.60 9.90 10.40 11.30 10.70 10.70 2003 :10.70 10.40 9.90 10.00 10.20 10.20 11.80 13.20 14.10 14.60 13.70 12.70 2004 :12.40 12.80 15.50 19.00 18.80 16.80 14.20 14.20 14.70 14.90 15.90 16.10 2005 :14.90 14.90 14.80 14.70 14.20 13.80 14.20 13.80 14.60 14.90 14.40 14.40 -------------------------------------------------------------------------------- 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 about 2000 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 Field 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), at 145 (1990-92=100), increased 1.4 percent from December 2005 and is up 5.8 percent from January 2005. PRODUCTION INDEX: The January index, at 144, increased 0.7 percent from last month and 7.5 percent from last year. Higher prices in January for gasoline, LP gas, complete feeds, and feed supplements more than offset lower prices for feeder cattle, feed concentrates, milk cows, and potash & phosphate materials. Feed: The January index, at 118, increased 0.9 percent from December and 5.4 percent from last January. Since December, higher prices for complete feeds, feed supplements, and feed grains more than offset lower prices for feed concentrates. Livestock & Poultry: The January index for livestock and poultry purchases, at 145, decreased 1.4 percent from last month but increased 8.2 percent from last year. Since December, lower prices for feeder cattle and milk cows more than offset higher prices for feeder pigs. The January feeder cattle price, at $120.70 per cwt, is down $3.10 per cwt from the December price. January feeder pigs averaged $161.00 per cwt, up $5.00 per cwt from December. Fertilizer: The January index, at 180, is up 0.6 percent from December and 18 percent above January a year ago. Since December, higher prices for nitrogen fertilizers more than offset lower prices for potash & phosphate materials. Agricultural Chemicals: The January index, at 121, is unchanged from December but increased 1.7 percent from January 2005. Fuels: The January index, at 243, is up 2.5 percent from a month earlier and 43 percent above January 2005. Compared with last month, prices are higher for gasoline, LP gas, and diesel fuel. Farm Machinery: The January index, at 172, is unchanged from December but 1.8 percent above last January. CONSUMER PRICE INDEX: The December 2005 Consumer Price Index for all urban consumers (CPI-U) decreased 0.4 percent before seasonal adjustment to a level of 196.8 (198-84=100). This compares with the November index of 197.6. For the 12-month period ending in December, the overall index has increased 3.4 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, January 2006 With Comparisons -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2005 : 2006 : 2005 : 2006 Ratios :---------------------------------------------- : Jan : Dec : Jan : Jan : Dec : Jan : Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1,818 *1,904 1,925 137 143 145 Production : 1,298 *1,383 1,397 134 *143 144 Feed : 545 *571 577 112 *117 118 Livestock and Poultry : 1,710 *1,885 1,852 134 147 145 Seeds : 1,564 1,694 1,694 158 171 171 Fertilizer : 562 *656 659 153 *179 180 Agricultural Chemicals : 735 *750 747 119 *121 121 Fuels : 1,316 *1,827 1,877 170 *237 243 Farm Supplies & Repairs : 1,006 *1,036 1,036 142 146 146 Autos & Trucks : 3,091 *3,019 3,022 116 114 114 Farm Machinery : 4,247 *4,315 4,317 169 172 172 Building Material : 1,892 *1,987 1,997 139 *146 147 Farm Services & Rent : 1,498 *1,513 1,543 Farm Services : 127 128 129 Rent : 125 *125 131 Interest 1/ : 2,731 *2,731 2,981 109 *109 119 Taxes 2/ : 3,383 *3,383 3,426 126 *126 128 Wage Rates : 6,319 6,209 6,209 169 166 166 Production, Interest, Taxes, : & Wage Rates (PITW) : 1,819 *1,912 1,937 135 142 144 Family Living-CPI 3/ : 1,811 *1,869 1,869 141 *146 146 : : :---------------------------------------------- Ratio (Received\Paid) : 81 80 77 Parity Ratio 4/ : 39 38 37 Parity Ratio Adjusted 5/ : 43 42 40 PPITW Adjusted for : Productivity 6/ : 1238 *1254 1260 : : :---------------------------------------------- Crop Sector (PPITW) : 140 *146 148 Livestock Sector (PPITW) : 133 139 140 : : :---------------------------------------------- Farm Sector (Production) : 127 *136 136 Non-Farm Sector (Production) : 137 146 148 -------------------------------------------------------------------------------- * Revised. 1/ Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. 2/ Farm real estate taxes payable per acre. 3/ Bureau of Labor Statistics, Consumer Price Index for all urban consumers (CPI-U), for the previous month converted by the USDA. 4/ Ratio of index of prices received to PPITW (1910-14=100). 5/ Based on estimated cash receipts, from marketings and government payments, the preliminary adjustment factor is 1.079 for 2006 and the revised factor is 1.096 for 2005. 6/ PPITW is adjusted based on productivity trend for the prior 15 years. Prices Paid Indexes and Annual Weights for Input Components and Sub-Components United States, January 2006 With Comparisons -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 1/ : 2005 : 2006 :----------------------------------------------------- : 2005 : 2006 : Jan : Dec : Jan -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 66.4 66.8 134 *143 144 : Feed : 10.7 10.9 112 *117 118 Feed Grains : 1.5 1.6 90 *83 85 Complete Feeds : 5.2 5.3 111 *116 117 Hay/Forages : 1.3 1.4 115 120 120 Concentrates : 1.7 1.7 114 *132 130 Supplements : 0.9 0.9 146 148 155 Livestock & Poultry : 7.7 7.6 134 147 145 Feeder Cattle : 6.0 6.0 129 146 143 Feeder Pigs : 0.6 0.6 185 *170 175 Milk Cow Replacements : 0.6 0.6 144 166 163 Poultry : 0.5 0.5 110 110 110 Seeds : 3.5 3.6 158 171 171 Field Crops : 3.2 3.3 163 177 177 Grasses/Legumes : 0.3 0.3 111 118 118 Fertilizer : 4.3 4.3 153 *179 180 Mixed Fertilizer : 1.9 1.9 133 *144 144 Nitrogen : 1.8 1.8 176 *219 222 Potash & Phosphate : 0.6 0.6 150 *167 166 Agricultural Chemicals : 3.6 3.5 119 *121 121 Herbicides : 2.3 2.2 114 *114 114 Insecticides : 0.8 0.8 132 *140 140 Fungicides/Other : 0.5 0.5 120 *121 121 Fuels : 2.7 2.9 170 *237 243 Diesel : 1.6 1.7 179 *253 255 Gasoline : 0.8 0.8 152 *201 211 LP Gas : 0.4 0.4 173 *243 262 Farm Supplies & Repairs : 5.2 5.0 142 146 146 Supplies : 1.7 1.7 130 *139 139 Repairs : 3.5 3.3 148 149 149 Autos & Trucks : 1.8 1.8 116 114 114 Autos : 0.2 0.2 109 *109 110 Trucks : 1.5 1.6 117 *114 114 Farm Machinery : 4.0 4.4 169 172 172 Tractors : 0.9 1.0 152 *158 158 Self-Propelled : 1.6 1.7 176 177 177 Other Machinery : 1.5 1.7 172 175 175 Building Materials : 3.6 4.0 139 *146 147 Farm Services : 12.4 12.2 127 128 129 Custom Rates : 1.3 1.3 125 125 125 Other Services : 11.1 10.9 127 129 129 Rent : 6.9 6.7 125 *125 131 Cash : 3.7 3.6 151 *151 159 Share : 3.2 3.1 94 94 98 Interest : 4.5 4.2 109 *109 119 Taxes : 2.9 2.9 126 *126 128 Wage Rates : 7.6 7.8 169 166 166 Family Living-CPI : 18.6 18.4 141 *146 146 -------------------------------------------------------------------------------- * Revised. 1/ Weights may not add due to rounding. Feed Price Ratios: United States, January 2006 with Comparisons -------------------------------------------------------------------------------- : 2005 : 2006 Feed Price Ratio 1/ :----------------------------- : Jan : Dec : Jan -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 7.1 *6.5 6.5 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 7.2 *11.3 8.9 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 25.1 *23.1 21.2 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 3.45 *3.27 3.24 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 44.5 *52.0 51.5 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 6.9 *9.6 7.3 -------------------------------------------------------------------------------- * 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 2006 with Comparisons -------------------------------------------------------------------------------- : : 2005 : 2006 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.430 0.390 0.380 Eggs, Market : Doz : 0.373 0.564 0.438 : : Hogs, All : Cwt : 53.20 *44.30 41.60 Milk, All : Cwt : 15.90 *14.80 14.50 : : Steers and Heifers : Cwt : 94.40 *99.90 101.00 Turkeys, Live : Lb : 0.393 0.543 0.408 : : Corn : Bu : 2.12 *1.92 1.96 Hay, Alfalfa, Baled : Ton : 94.50 97.70 95.60 : : Soybeans : Bu : 5.57 *5.77 5.51 Wheat, All : Bu : 3.43 *3.54 3.48 -------------------------------------------------------------------------------- * Revised. Feeder Livestock: Prices Paid, United States January 2006 with Comparisons -------------------------------------------------------------------------------- : : 2005 : 2006 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 109.50 123.80 120.70 Feeder Pigs : Cwt : 170.00 *156.00 161.00 -------------------------------------------------------------------------------- * Revised. Grazing Fee Rates for Cattle by Selected States and Regions -------------------------------------------------------------------------------- : Survey Average Rates 1/ :-------------------------------------------------------------- State : Animal Unit 2/ : Cow-Calf : Per Head :-------------------------------------------------------------- : 2004 : 2005 : 2004 : 2005 : 2004 : 2005 -------------------------------------------------------------------------------- : Dollars per Month : AZ : 8.00 8.00 7/ 7/ 9.00 9.50 : CA : 14.50 15.40 19.50 20.50 15.50 17.00 : CO : 13.50 14.50 15.00 16.00 14.00 14.30 : ID : 12.20 12.50 14.20 14.60 12.60 13.00 : KS : 13.00 13.50 16.50 16.50 13.50 14.00 : MT : 15.90 16.20 17.40 18.70 16.20 17.30 : NE : 23.00 22.50 27.50 27.50 25.20 25.00 : NV : 10.60 12.20 12.00 12.50 12.00 12.50 : NM : 9.70 9.50 11.90 11.50 11.00 10.80 : ND : 13.00 13.70 14.20 16.00 13.50 14.50 : OK : 8.00 8.00 10.00 10.00 8.50 8.00 : OR : 13.00 13.00 15.10 15.70 12.50 12.80 : SD : 17.60 18.40 21.50 21.90 19.20 19.50 : TX : 10.00 9.40 10.80 9.00 9.80 9.90 : UT : 11.80 11.60 13.80 13.60 13.10 13.00 : WA : 10.80 9.70 12.50 12.50 10.80 12.20 : WY : 13.90 14.80 16.00 17.00 14.30 15.50 : 17-State 3/ : 13.10 13.20 15.30 15.20 13.70 14.00 : 16-State 4/ : 14.30 14.60 17.10 17.60 15.20 15.60 : 11-State 5/ : 13.30 13.70 15.50 16.20 13.80 14.60 : 9-State 6/ : 13.00 13.00 15.10 14.80 13.60 13.80 -------------------------------------------------------------------------------- 1/ The average rates are estimates based on survey indications of monthly lease rates for private, non-irrigated grazing land from the January Cattle 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. Prices Paid Indexes: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : 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 : 2002 :1628 1628 1635 1640 1634 1637 1640 1648 1657 1666 1662 1666 1645 2003 :1682 1696 1702 1698 1692 1695 1689 1689 1706 1718 1720 1717 1700 2004 :1733 1737 1756 1775 1791 1792 1793 1788 1789 1802 1796 1781 1778 2005 :1818 1823 1845 1858 1858 1870 1873 1878 1892 1923 1904 1904 1871 2006 :1925 1925 : : 1990-92 = 100 : 2002 : 122 122 123 123 123 123 123 124 125 125 125 125 124 2003 : 126 127 128 128 127 127 127 127 128 129 129 129 128 2004 : 130 131 132 133 135 135 135 134 134 135 135 134 134 2005 : 137 137 139 140 140 140 141 141 142 144 143 143 141 2006 : 145 145 : : Items Used for Production, Interest, Taxes, and Wage Rates : (PITW) : : 1910-14 = 100 : 2002 :1616 1615 1621 1625 1618 1621 1625 1634 1644 1653 1648 1655 1631 2003 :1673 1687 1692 1688 1681 1684 1676 1675 1694 1709 1713 1710 1690 2004 :1727 1730 1750 1772 1790 1789 1791 1785 1785 1800 1791 1775 1774 2005 :1819 1823 1847 1861 1860 1875 1877 1881 1893 1930 1910 1912 1874 2006 :1937 1937 : : 1990-92 = 100 : 2002 : 120 120 121 121 120 121 121 122 122 123 123 123 121 2003 : 125 126 126 126 125 125 125 125 126 127 128 127 126 2004 : 129 129 130 132 133 133 133 133 133 134 133 132 132 2005 : 135 136 138 139 138 140 140 140 141 144 142 142 140 2006 : 144 144 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Items Used for Production : : 1910-14 = 100 : 2002 :1139 1138 1143 1149 1143 1146 1154 1162 1171 1172 1168 1173 1155 2003 :1183 1196 1200 1200 1194 1196 1195 1193 1210 1221 1224 1221 1203 2004 :1228 1231 1249 1272 1287 1287 1292 1287 1287 1295 1287 1272 1273 2005 :1298 1301 1322 1343 1342 1355 1357 1360 1371 1399 1382 1383 1351 2006 :1397 1397 : : 1990-92 = 100 : 2002 : 117 117 118 118 118 118 119 120 121 121 120 121 119 2003 : 122 123 124 124 123 123 123 123 125 126 126 126 124 2004 : 127 127 129 131 133 133 133 133 133 133 133 131 131 2005 : 134 134 136 138 138 140 140 140 141 144 142 143 139 2006 : 144 144 : : Feed : : 1910-14 = 100 : 2002 : 529 524 530 534 529 539 555 568 576 566 557 556 547 2003 : 556 559 556 555 560 556 541 523 546 545 576 574 554 2004 : 573 592 606 639 658 632 626 583 567 543 533 525 590 2005 : 545 538 559 568 574 590 596 591 567 567 562 571 569 2006 : 577 577 : : 1990-92 = 100 : 2002 : 108 107 109 109 108 110 114 116 118 116 114 114 112 2003 : 114 114 114 114 115 114 111 107 112 112 118 117 114 2004 : 117 121 124 131 135 129 128 119 116 111 109 108 121 2005 : 112 110 115 116 118 121 122 121 116 116 115 117 117 2006 : 118 118 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Poultry : : 1910-14 = 100 : 2002 :1394 1405 1361 1301 1251 1213 1223 1245 1259 1287 1341 1395 1306 2003 :1340 1298 1254 1308 1303 1322 1353 1371 1492 1604 1564 1521 1394 2004 :1439 1403 1470 1546 1613 1714 1739 1754 1764 1796 1750 1704 1641 2005 :1710 1710 1760 1806 1789 1783 1733 1704 1769 1887 1902 1885 1787 2006 :1852 1852 : : 1990-92 = 100 : 2002 : 109 110 106 102 98 95 96 97 99 101 105 109 102 2003 : 105 102 98 102 102 103 106 107 117 125 122 119 109 2004 : 113 110 115 121 126 134 136 137 138 141 137 133 128 2005 : 134 134 138 141 140 139 136 133 138 148 149 147 140 2006 : 145 145 : : Seeds : : 1910-14 = 100 : 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 1553 1564 1564 1564 1564 1564 1564 1564 1564 1564 1561 2005 :1564 1564 1564 1694 1694 1694 1694 1694 1694 1694 1694 1694 1662 2006 :1694 1694 : : 1990-92 = 100 : 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 : 157 157 157 158 158 158 158 158 158 158 158 158 158 2005 : 158 158 158 171 171 171 171 171 171 171 171 171 168 2006 : 171 171 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fertilizer : : 1910-14 = 100 : 2002 : 394 395 394 391 392 397 394 393 391 394 398 400 394 2003 : 412 427 463 471 466 454 449 453 457 461 463 469 454 2004 : 481 493 504 502 496 500 504 516 523 539 550 556 514 2005 : 562 564 565 579 585 588 584 585 603 618 652 656 595 2006 : 659 659 : : 1990-92 = 100 : 2002 : 108 108 107 107 107 108 107 107 107 107 109 109 108 2003 : 112 117 126 129 127 124 123 124 125 126 126 128 124 2004 : 131 134 137 137 135 136 138 141 143 147 150 152 140 2005 : 153 154 154 158 160 160 159 160 165 169 178 179 162 2006 : 180 180 : : Agricultural Chemicals : : 1910-14 = 100 : 2002 : 739 731 735 733 734 736 738 739 741 736 738 750 738 2003 : 752 752 744 746 746 747 747 746 746 748 750 744 747 2004 : 745 747 747 745 743 742 744 741 739 735 732 731 741 2005 : 735 727 725 740 740 741 743 747 750 750 753 750 742 2006 : 747 747 : : 1990-92 = 100 : 2002 : 120 118 119 119 119 119 119 120 120 119 119 121 119 2003 : 122 122 120 121 121 121 121 121 121 121 121 120 121 2004 : 121 121 121 121 120 120 120 120 120 119 118 118 120 2005 : 119 118 117 120 120 120 120 121 121 121 122 121 120 2006 : 121 121 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fuels : : 1910-14 = 100 : 2002 : 644 661 783 878 852 836 868 900 997 1074 949 950 866 2003 :1080 1322 1371 1105 983 1011 1020 1050 1012 1054 988 1001 1083 2004 :1121 1055 1096 1168 1226 1156 1236 1303 1333 1553 1492 1271 1251 2005 :1316 1393 1593 1624 1570 1667 1743 1861 2035 2323 1847 1827 1733 2006 :1877 1877 : : 1990-92 = 100 : 2002 : 83 86 101 114 110 108 112 117 129 139 123 123 112 2003 : 140 171 178 143 127 131 132 136 131 137 128 130 140 2004 : 145 137 142 151 159 150 160 169 173 201 193 165 162 2005 : 170 180 206 210 203 216 226 241 264 301 239 237 224 2006 : 243 243 : : Farm Supplies and Repairs : : 1910-14 = 100 : 2002 : 915 918 917 925 927 927 929 929 929 935 935 935 927 2003 : 941 941 942 947 947 948 952 952 952 956 954 954 949 2004 : 965 965 963 971 972 972 975 976 981 985 986 989 975 2005 :1006 1007 1007 1014 1016 1016 1018 1027 1021 1024 1034 1036 1019 2006 :1036 1036 : : 1990-92 = 100 : 2002 : 129 129 129 130 131 131 131 131 131 132 132 132 131 2003 : 133 133 133 133 133 134 134 134 134 135 134 134 134 2004 : 136 136 136 137 137 137 137 137 138 139 139 139 137 2005 : 142 142 142 143 143 143 143 145 144 144 146 146 144 2006 : 146 146 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Autos and Trucks : : 1910-14 = 100 : 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 :3052 3060 3046 3042 3029 3021 2994 2969 2969 2985 3034 3067 3022 2005 :3091 3093 3071 3062 3060 3042 2991 2959 2974 3000 3016 3019 3032 2006 :3022 3022 : : 1990-92 = 100 : 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 : 115 115 115 114 114 114 113 112 112 112 114 115 114 2005 : 116 116 115 115 115 114 112 111 112 113 113 114 114 2006 : 114 114 : : Farm Machinery : : 1910-14 = 100 : 2002 :3668 3674 3694 3700 3703 3699 3704 3705 3719 3724 3730 3730 3704 2003 :3731 3732 3733 3737 3751 3766 3784 3815 3831 3846 3861 3875 3789 2004 :3901 3919 4049 4040 4048 4042 4049 4049 4108 4134 4188 4215 4062 2005 :4247 4290 4286 4282 4288 4289 4293 4298 4298 4298 4312 4315 4291 2006 :4317 4317 : : 1990-92 = 100 : 2002 : 146 146 147 147 148 147 148 148 148 148 149 149 148 2003 : 149 149 149 149 150 150 151 152 153 153 154 154 151 2004 : 156 156 161 161 161 161 161 161 164 165 167 168 162 2005 : 169 171 171 171 171 171 171 171 171 171 172 172 171 2006 : 172 172 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Building Materials : : 1910-14 = 100 : 2002 :1642 1642 1647 1652 1655 1656 1658 1669 1663 1658 1653 1652 1654 2003 :1655 1663 1665 1671 1671 1672 1679 1680 1694 1696 1701 1701 1679 2004 :1704 1738 1757 1800 1824 1824 1831 1856 1868 1867 1866 1872 1817 2005 :1892 1910 1914 1917 1913 1918 1921 1917 1935 1960 1977 1987 1930 2006 :1997 1997 : : 1990-92 = 100 : 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 : 125 128 129 133 134 134 135 137 137 137 137 138 134 2005 : 139 141 141 141 141 141 141 141 142 144 146 146 142 2006 : 147 147 : : Farm Services and Rent 2/ : : 1910-14 = 100 : 2002 :1422 1422 1421 1420 1421 1432 1432 1433 1432 1426 1424 1425 1426 2003 :1440 1441 1441 1444 1446 1455 1457 1457 1457 1447 1442 1442 1447 2004 :1451 1451 1452 1452 1456 1467 1467 1470 1468 1460 1456 1456 1459 2005 :1498 1499 1499 1501 1505 1518 1520 1519 1521 1513 1513 1513 1510 2006 :1543 1543 : : Farm Services : : 1990-92 = 100 : 2002 : 120 120 120 119 120 121 121 121 121 120 120 120 120 2003 : 121 122 122 122 122 123 124 124 124 122 122 122 123 2004 : 123 123 123 123 124 125 125 125 125 124 124 124 124 2005 : 127 127 127 127 127 129 129 129 129 129 128 128 128 2006 : 129 129 : : Rent : : 1990-92 = 100 : 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 : 120 120 120 120 120 120 120 120 120 120 120 120 120 2005 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2006 : 131 131 -------------------------------------------------------------------------------- 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, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Interest : : 1910-14 = 100 : 2002 :2619 2619 2619 2619 2619 2619 2619 2619 2619 2619 2619 2619 2619 2003 :2566 2566 2566 2566 2566 2566 2566 2566 2566 2566 2566 2566 2566 2004 :2597 2597 2597 2597 2597 2597 2597 2597 2597 2597 2597 2597 2597 2005 :2731 2731 2731 2731 2731 2731 2731 2731 2731 2731 2731 2731 2731 2006 :2981 2981 : : 1990-92 = 100 : 2002 : 104 104 104 104 104 104 104 104 104 104 104 104 104 2003 : 102 102 102 102 102 102 102 102 102 102 102 102 102 2004 : 104 104 104 104 104 104 104 104 104 104 104 104 104 2005 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2006 : 119 119 : : Taxes : : 1910-14 = 100 : 2002 :3387 3387 3387 3387 3387 3387 3387 3387 3387 3387 3387 3387 3387 2003 :3368 3368 3368 3368 3368 3368 3368 3368 3368 3368 3368 3368 3368 2004 :3339 3339 3339 3339 3339 3339 3339 3339 3339 3339 3339 3339 3339 2005 :3383 3383 3383 3383 3383 3383 3383 3383 3383 3383 3383 3383 3383 2006 :3426 3426 : : 1990-92 = 100 : 2002 : 126 126 126 126 126 126 126 126 126 126 126 126 126 2003 : 126 126 126 126 126 126 126 126 126 126 126 126 126 2004 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2005 : 126 126 126 126 126 126 126 126 126 126 126 126 126 2006 : 128 128 : : Wage Rates : : 1910-14 = 100 : 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 :6080 6080 6080 5964 5964 5964 5841 5841 5841 6022 6022 6022 5977 2005 :6319 6319 6319 6041 6041 6041 6061 6061 6061 6209 6209 6209 6158 2006 :6209 6209 : : 1990-92 = 100 : 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 : 163 163 163 159 159 159 156 156 156 161 161 161 160 2005 : 169 169 169 161 161 161 162 162 162 166 166 166 165 2006 : 166 166 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Family Living : : 1910-14 = 100 : 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 :1759 1768 1780 1786 1796 1802 1799 1800 1804 1813 1814 1807 1794 2005 :1811 1822 1836 1848 1846 1847 1856 1865 1888 1892 1877 1869 1855 2006 :1869 1869 : : 1990-92 = 100 : 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 : 137 138 139 139 140 141 141 141 141 142 142 141 140 2005 : 141 142 143 144 144 144 145 146 147 148 147 146 145 2006 : 146 146 : : Production Items With Farm Origin 2/ : : 1990-92 = 100 : 2002 : 112 112 112 112 110 110 112 114 116 115 116 117 113 2003 : 115 115 113 116 117 117 116 115 120 123 125 124 118 2004 : 122 123 126 132 135 135 136 132 130 129 126 124 129 2005 : 127 126 130 134 134 135 135 133 133 136 136 136 133 2006 : 136 136 : : Production Items With Non-Farm Origin 3/ : : 1990-92 = 100 : 2002 : 120 120 121 121 121 122 122 122 123 123 123 123 122 2003 : 125 127 129 127 126 126 126 127 127 127 127 127 127 2004 : 129 129 130 131 131 131 132 133 134 136 136 134 132 2005 : 137 138 140 141 140 142 142 143 145 148 146 146 142 2006 : 148 148 -------------------------------------------------------------------------------- 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, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Parity Ratio 2/ : : 1910-14 = 100 : 2002 : 37 38 41 36 37 38 38 38 38 36 37 37 38 2003 : 38 37 37 38 39 40 39 41 41 42 43 42 40 2004 : 41 42 44 45 46 45 44 43 41 40 41 40 43 2005 : 39 40 41 41 41 40 40 39 39 37 38 38 39 2006 : 37 37 : : Adjusted Parity Ratio 3/ : : 1910-14 = 100 : 2002 : 39 41 43 39 39 40 40 41 40 38 39 39 40 2003 : 40 40 40 41 43 43 43 44 45 45 46 46 43 2004 : 43 45 47 47 48 48 46 45 43 42 43 42 45 2005 : 43 43 45 45 45 44 43 43 43 40 41 42 43 2006 : 40 40 : : Ratio : : 1990-92 = 100 : 2002 : 78 80 85 76 78 79 80 81 78 76 78 78 79 2003 : 79 78 77 78 83 84 83 86 87 88 90 89 84 2004 : 86 89 92 94 95 95 92 90 87 84 85 83 89 2005 : 81 83 86 86 85 85 83 82 82 77 79 80 82 2006 : 77 77 -------------------------------------------------------------------------------- 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, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Crop Sector (PPITW) : : 1990-92 = 100 : 2002 : 124 125 125 126 126 126 126 126 127 128 127 127 126 2003 : 129 131 132 131 131 131 130 131 131 131 131 131 131 2004 : 133 133 134 135 135 135 135 136 136 138 138 137 135 2005 : 140 141 142 143 143 143 144 144 146 148 147 146 144 2006 : 148 148 : : Livestock Sector (PPITW) : : 1990-92 = 100 : 2002 : 120 120 120 120 119 119 120 121 122 122 122 123 121 2003 : 123 124 124 123 123 123 123 123 125 126 127 126 124 2004 : 127 127 129 132 134 134 134 132 132 133 132 130 131 2005 : 133 133 135 136 136 137 138 137 138 141 139 139 137 2006 : 140 140 : : Commodities and Services, Interest, Taxes, and Wage Rates : : Adjusted for Productivity : : 1910-14 = 100 : 2002 :1139 1140 1143 1139 1138 1139 1128 1130 1132 1151 1150 1151 1140 2003 :1173 1177 1180 1170 1169 1170 1156 1157 1161 1171 1170 1170 1169 2004 :1202 1205 1210 1205 1210 1211 1202 1201 1202 1218 1217 1214 1208 2005 :1238 1241 1247 1231 1230 1232 1236 1238 1244 1260 1255 1254 1242 2006 :1260 1260 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Feed Sub-Components : : Feed Grains : 1990-92 = 100 : 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 97 101 99 2004 : 104 113 119 124 123 119 108 101 94 91 88 87 106 2005 : 90 84 87 86 85 90 93 86 84 79 78 83 85 2006 : 85 85 : : Complete Feeds : 1990-92 = 100 : 2002 : 111 110 111 112 110 113 115 116 118 117 116 115 114 2003 : 115 114 114 112 112 112 111 107 111 111 118 119 113 2004 : 119 123 122 130 132 130 131 123 120 113 111 108 122 2005 : 111 112 114 116 118 119 121 123 120 118 115 116 117 2006 : 117 117 : : Hay and Forages : 1990-92 = 100 : 2002 : 120 118 119 125 127 121 118 119 119 121 120 120 121 2003 : 121 122 120 125 123 122 113 109 108 109 106 105 115 2004 : 106 107 108 116 129 122 119 118 118 119 116 113 116 2005 : 115 115 121 128 132 128 127 127 125 126 119 120 124 2006 : 120 120 : : Concentrates : 1990-92 = 100 : 2002 : 105 102 105 104 106 109 118 121 121 110 105 104 109 2003 : 104 110 110 112 118 115 114 106 123 123 137 127 117 2004 : 125 126 143 149 159 140 142 118 114 107 105 104 128 2005 : 114 113 122 124 128 140 138 136 117 126 133 132 127 2006 : 130 130 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Supplements : 1990-92 = 100 : 2002 : 123 124 124 123 118 123 126 128 129 133 134 135 127 2003 : 135 134 134 131 129 132 130 126 127 130 135 135 132 2004 : 135 134 135 138 136 136 134 131 135 133 135 138 135 2005 : 146 135 142 140 133 136 140 135 133 137 142 148 139 2006 : 155 155 : : Livestock and Poultry Sub-Components : : Feeder Cattle : 1990-92 = 100 : 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 : 113 107 113 119 126 137 139 141 141 143 137 130 129 2005 : 129 129 133 137 138 140 137 135 140 150 150 146 139 2006 : 143 143 : : Feeder Pigs : 1990-92 = 100 : 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 : 104 120 125 126 122 116 109 108 116 129 150 175 125 2005 : 185 186 195 194 164 139 115 110 122 139 148 170 156 2006 : 175 175 : : Milk Cow Replacements : 1990-92 = 100 : 2002 : 143 143 143 152 152 152 148 148 148 127 127 127 143 2003 : 122 122 122 115 115 115 116 116 116 122 122 122 119 2004 : 123 123 123 140 140 140 152 152 152 145 145 145 140 2005 : 144 144 144 157 157 157 162 162 162 166 166 166 157 2006 : 163 163 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Poultry : 1990-92 = 100 : 2002 : 111 111 111 111 111 111 111 111 111 111 111 111 111 2003 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2004 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2005 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2006 : 110 110 : : Seeds Sub-Components : : Field Crops : 1990-92 = 100 : 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 : 162 162 162 163 163 163 163 163 163 163 163 163 163 2005 : 163 163 163 177 177 177 177 177 177 177 177 177 174 2006 : 177 177 : : Grasses and Legumes : 1990-92 = 100 : 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 : 109 109 109 111 111 111 111 111 111 111 111 111 111 2005 : 111 111 111 118 118 118 118 118 118 118 118 118 116 2006 : 118 118 : : Fertilizer Sub-Components : : Mixed Fertilizer : 1990-92 = 100 : 2002 : 105 104 104 104 104 104 105 105 106 106 106 106 105 2003 : 107 107 112 113 113 113 113 113 114 114 115 115 112 2004 : 117 119 122 122 122 122 122 124 125 128 130 130 124 2005 : 133 133 134 135 135 134 135 135 140 141 144 144 137 2006 : 144 144 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Nitrogen : 1990-92 = 100 : 2002 : 111 111 110 110 110 113 111 110 108 110 113 115 111 2003 : 122 131 147 150 146 141 138 139 141 142 144 147 141 2004 : 152 156 158 157 153 156 158 163 164 170 174 176 161 2005 : 176 176 176 183 186 188 184 184 190 199 217 219 190 2006 : 222 222 : : Potash and Phosphate : 1990-92 = 100 : 2002 : 106 109 109 108 106 106 105 105 105 105 104 102 106 2003 : 102 103 112 113 113 108 107 110 110 111 110 111 109 2004 : 114 119 124 123 124 124 124 128 133 137 143 146 128 2005 : 150 152 152 155 155 160 161 163 166 166 167 167 160 2006 : 166 166 : : Agricultural Chemicals Sub-Components : : Herbicides : 1990-92 = 100 : 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 : 113 113 113 113 113 113 114 113 113 113 113 113 113 2005 : 114 113 113 113 113 113 113 114 114 114 115 114 114 2006 : 114 114 : : Insecticides : 1990-92 = 100 : 2002 : 139 138 138 137 138 139 140 140 141 142 143 144 140 2003 : 145 146 146 147 147 148 147 147 146 146 146 145 146 2004 : 144 144 144 143 142 141 140 138 137 135 134 133 140 2005 : 132 130 129 139 139 139 139 140 140 140 141 140 137 2006 : 140 140 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fungicides and Other : 1990-92 = 100 : 2002 : 120 120 119 119 120 121 121 122 123 123 124 124 121 2003 : 125 126 114 115 115 115 115 115 116 116 116 116 117 2004 : 116 116 117 116 117 117 118 118 118 118 118 119 117 2005 : 120 119 119 120 120 120 120 121 121 121 122 121 120 2006 : 121 121 : : Fuels Sub-Components : : Diesel : 1990-92 = 100 : 2002 : 84 86 100 110 106 104 110 114 130 139 120 121 110 2003 : 136 172 179 141 120 122 125 129 121 133 125 127 136 2004 : 140 132 138 149 151 143 154 170 178 210 202 172 162 2005 : 179 190 221 224 219 239 243 257 272 339 264 253 242 2006 : 255 255 : : Gasoline : 1990-92 = 100 : 2002 : 81 85 103 118 115 114 117 119 123 136 120 113 112 2003 : 132 156 168 140 131 136 137 142 145 134 123 120 139 2004 : 136 138 143 152 169 155 163 154 157 178 167 143 155 2005 : 152 163 182 192 187 188 208 224 253 247 198 201 200 2006 : 211 211 : : LP Gas : 1990-92 = 100 : 2002 : 87 88 107 121 118 113 113 124 139 149 142 152 121 2003 : 173 201 193 158 149 159 152 153 147 159 153 163 163 2004 : 188 157 157 158 170 167 178 197 186 212 211 182 180 2005 : 173 176 195 191 175 176 192 212 252 256 224 243 205 2006 : 262 262 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Supplies & Repairs Sub-Components : : Supplies : 1990-92 = 100 : 2002 : 121 122 122 123 124 124 124 124 124 124 124 124 123 2003 : 124 124 124 124 124 124 125 125 125 125 125 126 125 2004 : 126 126 126 127 127 127 127 127 128 129 129 129 127 2005 : 130 130 131 131 132 132 132 136 134 135 138 139 133 2006 : 139 139 : : Repairs : 1990-92 = 100 : 2002 : 133 133 133 134 134 134 134 134 134 136 136 136 134 2003 : 137 137 137 138 138 138 139 139 139 139 139 139 138 2004 : 141 141 140 142 142 142 143 143 144 144 144 145 143 2005 : 148 148 147 149 149 149 149 149 149 149 149 149 149 2006 : 149 149 : : Autos and Trucks Sub-Components : : Autos : 1990-92 = 100 : 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 : 108 108 108 108 108 107 106 106 106 106 108 108 107 2005 : 109 109 109 109 108 108 107 106 107 108 109 109 108 2006 : 110 110 : : Trucks : 1990-92 = 100 : 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 : 116 116 116 115 115 115 114 113 113 113 115 116 115 2005 : 117 117 117 116 116 115 113 112 113 114 114 114 115 2006 : 114 114 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Machinery Sub-Components : : Tractors : 1990-92 = 100 : 2002 : 140 140 140 140 140 140 140 140 140 140 140 140 140 2003 : 140 140 141 141 141 141 142 143 144 144 145 145 142 2004 : 145 145 146 146 147 147 148 148 148 149 149 149 147 2005 : 152 153 153 153 154 154 155 155 155 155 157 158 155 2006 : 158 158 : : Self Propelled : 1990-92 = 100 : 2002 : 145 146 146 147 147 147 147 147 147 147 148 148 147 2003 : 148 148 148 148 149 150 152 154 156 157 158 160 152 2004 : 162 164 165 167 167 166 167 167 171 174 173 176 168 2005 : 176 176 176 176 176 176 176 177 177 177 177 177 176 2006 : 177 177 : : Other Machinery : 1990-92 = 100 : 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 : 155 155 167 164 164 164 164 163 165 165 171 170 164 2005 : 172 176 176 175 175 175 175 175 175 175 175 175 175 2006 : 175 175 : : Farm Services Sub-Components : : Custom Rates : 1990-92 = 100 : 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 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2005 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2006 : 125 125 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2002-2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Services : 1990-92 = 100 : 2002 : 120 120 120 119 120 121 121 121 121 120 120 120 120 2003 : 121 121 121 122 122 123 124 124 124 122 121 121 122 2004 : 123 123 123 123 123 125 125 125 125 124 124 123 124 2005 : 127 127 127 127 128 130 130 130 130 129 129 129 129 2006 : 129 129 : : Rent Sub-Components : : Cash : 1990-92 = 100 : 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 : 145 145 145 145 145 145 145 145 145 145 145 145 145 2005 : 151 151 151 151 151 151 151 151 151 151 151 151 151 2006 : 159 159 : : Share : 1990-92 = 100 : 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 91 91 91 91 91 91 91 91 91 91 91 2005 : 94 94 94 94 94 94 94 94 94 94 94 94 94 2006 : 98 98 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Survey Estimates, Month Published and Level Survey 2005 Program Schedule 1/ 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 Field 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 Scott Cox - Wheat, Rye (202) 720-8068 Ty Kalaus - Corn, Proso Millet, Flaxseed (202) 720-9526 Shiela Corley - Cotton, Cottonseed (202) 720-5944 Travis Thorson - Hay, Oats, Sorghum (202) 690-3234 Jason Lamprecht - Soybeans, Sunflower, Other Oilseeds (202) 720-7369 Dennis Koong - Peanuts, Rice (202) 720-7688 Brian Young - Sugarcane, Sugarbeets, Barley (202) 720-7621 Jim Smith, Fruit and Vegetable Section (202) 720-2127 Debbie Flippin - Peaches, Pears, Hops, Pulses, Mint (202) 720-3250 Rich Holcomb - Citrus (202) 720-5412 Terry O'Connor - Apples, Apricots, Cherries, Cranberries, Plums, Prunes (202) 720-4288 Leslie Colburn - Grapes, Tobacco (202) 720-7235 Cathy Scherrer, Potatoes, Dry Edible Beans, Sweet Potatoes (202) 720-4285 Jim Smith - Vegetables, Onions, Strawberries (202) 720-2127 Livestock Prices Received Dan Kerestes, Chief, Livestock Branch (202) 720-3570 Bill Weaver, Livestock Section (202) 720-3570 Scott Hollis - Sheep, Lambs, Wool, Mohair (202) 720-4751 Ann Summa - Milk, Milk Cows (202) 720-3278 Bruce Boess - Hogs (202) 720-3106 Mike Miller - Cattle (202) 720-3040 Darin Jantzi, Poultry and Specialty Commodities Section (202) 720-3570 John Lange - Turkeys (202) 720-0585 Sharyn Lavender - Eggs (202) 720-3244 Jody Roberts - Broilers (202) 690-8632 Indexes, Prices Paid, and Parity Prices Linda Hutton, Chief, Environmental, Economics and Demographics Branch (202) 720-6146 Kevin Hintzman, Economics Section (202) 720-6146 Eric Barnes - Farm Supplies and Repairs, Farm Machinery, Fuels, Feeder Livestock, Poultry Chicks, Feed Price Ratios, Grazing Fees, Autos & Trucks (202) 690-4752 Daryl Brinkman - Prices Received Indexes, Parity Prices (202) 720-8844 Tara Jackson - Prices Paid Indexes, Prices Paid for Feed, Fertilizer, Agricultural Chemicals, Seeds (202) 690-3229 ACCESS TO REPORTS!! 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