Pr 1 (1-07) Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released January 31, 2007, 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 Increased 3 Points From Last Month The preliminary All Farm Products Index of Prices Received by Farmers in January, at 124 percent, based on 1990-92=100, increased 3 points (2.5 percent) from December. The Crop Index is up 4 points (3.1 percent) and the Livestock Index increased 3 points (2.7 percent). Producers received higher commodity prices for corn, oranges, broilers, and eggs. Lower prices were received for cattle, tomatoes, calves, and grapefruit. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased average marketings of broilers, cotton, soybeans, and rice offset decreased marketings of oranges, tobacco, eggs, and cattle. The preliminary All Farm Products Index is up 11 points (9.7 percent) from January 2006. The Food Commodities Index, at 123, increased 1 point (0.8 percent) from last month and 5 points (4.2 percent) from January 2006. Prices Paid Index Increased 2 Points The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 152 percent of the 1990-92 average. The index is up 2 points (1.3 percent) from December and 4 points (2.7 percent) above January 2006. Higher prices in January for complete feeds, other services, feed supplements, and feed grains more than offset lower prices for diesel fuel, feeder cattle, cash rent, and LP gas. Index Summary Table -------------------------------------------------------------------------------- : 2005 : 2006 : 2007 Index :-------------------------------------------------------------- 1990-92=100 : Dec : Jan : Dec : Jan -------------------------------------------------------------------------------- : Prices Received : 117 113 121 124 : Prices Paid : 144 148 150 152 : Ratio 1/ : 81 76 81 82 -------------------------------------------------------------------------------- 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 124 percent of its 1990-92 base, up 2.5 percent from the December index and 9.7 percent above the January 2006 index. ALL CROPS: The January index is 132, up 3.1 percent from December and 22 percent above January 2006. From December, index increases for feed grains & hay, commercial vegetables, and oil-bearing crops more than offset the index decreases for fruits & nuts and food grains. Food Grains: The January index, at 149, is 0.7 percent below the previous month but 27 percent above a year ago. The January all wheat price, at $4.50 per bushel, is down a cent from December but 98 cents above January 2006. Feed Grains & Hay: The January index is 142, up 6.0 percent from last month and 54 percent above a year ago. The corn price, at $3.23 per bushel, is up 22 cents from last month and $1.23 above January 2006. The all hay price, at $112 per ton, is $4.00 above December and $18.90 above last January. Sorghum grain, at $6.43 per cwt, is 34 cents above December and $3.27 above January last year. Oil-Bearing Crops: The January index, at 115, is up 4.5 percent from December and 9.5 percent higher than January 2006. The soybean price, at $6.42 per bushel, increased 24 cents from December and is 55 cents above January 2006. Cotton: The January index, at 82, is up 1.2 percent from December and 2.5 percent above last year. The January price, at 49.5 cents per pound, is up 0.2 cent from the previous month and 0.9 cent above last January. Potatoes & Dry Beans: The January index, at 120, is up 1.7 percent from last month and January 2006. The all potato price, at $6.98 per cwt, is up 8 cents from December but down 9 cents from last January. The all dry bean price, at $22.70 per cwt, is up $1.10 from the previous month and $3.50 above January 2006. Fruits & Nuts: The January index, at 157, is down 2.5 percent from December but 18 percent higher than a year ago. A price decrease for strawberries more than offset a price increase for oranges. Commercial Vegetables: The January index, at 159, is up 6.0 percent from last month and 20 percent above January 2006. Price increases during January for onions, celery, and broccoli more than offset price declines for lettuce and cauliflower. LIVESTOCK & PRODUCTS: The January index, at 116, is 2.7 percent above last month but down 1.7 percent from January 2006. Compared with a year ago, prices are higher for broilers, eggs, and hogs but lower for cattle, calves, and milk. Turkeys are unchanged. Meat Animals: The January index, at 110, is up 0.9 percent from last month but 9.8 percent lower than last year. The January hog price, at $41.40 per cwt, is down $2.10 from December but 70 cents higher than a year ago. The January beef cattle price of $85.00 per cwt is up $1.40 from last month but $10.10 lower than January 2006. Dairy Products: The January index, at 110, is up 1.9 percent from a month ago but 0.9 percent lower than January last year. The January all milk price of $14.40 per cwt is up 30 cents from last month but down 10 cents from January 2006. The fluid grade milk price increased 30 cents and the manufacturing grade milk price is up 10 cents from the previous month. Poultry & Eggs: The January index, at 134, is up 7.2 percent from December and 18 percent above a year ago. January market egg prices, at 78.8 cents per dozen, increased 12.3 cents from December and 35 cents from January 2006. The January broiler price, at 43.0 cents per pound, is up 3.0 cents from December and 5.0 cents above a year ago. The January turkey price, at 40.8 cents per pound, decreased 2.6 cents from the previous month but is unchanged 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 2007 Noncitrus Fruits and Nuts - Preliminary http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1113 Grapes see January 2007 Noncitrus Fruits and Nuts - Preliminary http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1113 Peaches see January 2007 Noncitrus Fruits and Nuts - Preliminary http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1113 Pears see January 2007 Noncitrus Fruits and Nuts - Preliminary http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1113 Rice . . . . . . . . . . . 29 Strawberries see January 2007 Vegetables Annual http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1183 Vegetables see January 2007 Vegetables Annual http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1183 Monthly Marketings Rice. . . . . . . . . . . . 29 Marketing Year Average Prices Rice . . . . . . . . . . . 29 Sweet Potatoes . . . . . . 28 Index of Prices Received: U.S., All Groups, Monthly and Annual, 2003-2007 . . . . . . . . . . 48 Annual Parity Price Calculations Authority for Parity Prices, Method of Computation and Prices 30 Adjusted Base Prices & January 2007 Parity Prices 32 Average Base Period Prices, U.S., 1910-14 37 Annual Average Prices Received for Parity Computations, U.S., by Years, 1997-2006 . . . . . . 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, 2003-2007 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 2007, with Comparisons -------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2006 : 2007 : 2006 : 2007 :Average :--------------------------------------------- :1990-92 : Jan : Dec : Jan : Jan : Dec : Jan -------------------------------------------------------------------------------- : All Farm Products : 639 717 *768 788 113 121 124 : All Crops : 500 535 *632 650 108 *128 132 Food Grains : 325 372 *478 473 117 *150 149 Feed Grains & Hay : 363 329 *480 509 92 *134 142 Cotton : 517 411 *417 418 80 *81 82 Tobacco : 1,263 1,363 *1,392 1,392 90 *92 92 Oil-Bearing Crops : 554 573 *603 628 105 110 115 Fruits & Nuts : 716 929 *1,125 1,093 133 *161 157 Commercial Vegetables : 698 882 *1,002 1,062 132 *150 159 Potatoes & Dry Beans : 540 596 *596 606 118 *118 120 Other Crops : 493 586 586 586 119 119 119 : Livestock & Products : 768 902 *867 887 118 113 116 Meat Animals : 1,021 1,237 1,113 1,122 122 109 110 Dairy Products : 799 891 *866 885 111 *108 110 Poultry & Eggs : 282 319 *351 377 114 125 134 : Food Commodities : 118 *122 123 -------------------------------------------------------------------------------- * Revised. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Month, United States, 2006 and 2007 -------------------------------------------------------------------------------- : Index of Prices Received : Index of Prices Paid :---------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :---------------------------------------------------------------- :2006 :2007 :2006 : 2007 : 2006 :2007 : 2006 :2007 : 2006 : 2007 -------------------------------------------------------------------------------- Jan : 113 124 108 132 118 116 148 152 145 149 Feb : 113 113 114 147 144 Mar : 113 118 110 147 144 Apr : 111 120 105 148 145 May : 111 120 104 149 146 Jun : 118 126 110 149 147 Jul : 118 127 111 149 147 Aug : 120 125 115 149 147 Sep : 120 122 117 149 146 Oct : 116 115 117 148 145 Nov : 120 123 116 149 146 Dec : 121 128 113 150 147 -------------------------------------------------------------------------------- Prices Received, United States, January 2007, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit: 1990-92 : Jan : Dec : Jan : : : 2006 : 2006 : 2007 -------------------------------------------------------------------------------- : : Dollars : : : : Field Crops : : : : Barley, All : Bu : 2.12 2.42 2.95 3.13 Feed : Bu : 1.90 1.94 2.79 2.93 Malting : Bu : 2.43 2.56 3.02 3.21 Beans, Dry Edible : Cwt: 19.10 19.20 21.60 22.70 Chickpeas, All : Cwt: 27.40 25.00 26.90 Large : Cwt: 27.80 25.10 27.30 Small : Cwt: 4/ 4/ 4/ Corn : Bu : 2.30 2.00 3.01 3.23 Cotton, Upland : Lb : 0.606 0.486 0.493 0.495 Cottonseed 3/ : Ton: 96.00 102.00 109.00 117.00 : : Flaxseed : Bu : 4.27 5.64 5.73 6.00 Hay, All, Baled 1/ : Ton: 76.30 93.10 108.00 112.00 Alfalfa 1/ : Ton: 77.20 96.40 112.00 115.00 Other 1/ : Ton: 60.00 84.30 99.30 102.00 Lentils : Cwt: 11.10 11.50 12.00 Oats : Bu : 1.22 1.73 1.97 2.12 Peanuts, In-Shell : Lb : 0.304 0.173 0.176 0.178 Peas, Dry Edible : Cwt: 4.74 7.03 7.17 Austrian Winter : Cwt: 6.93 6.69 7.00 Potatoes : Cwt: 5.82 7.07 6.90 6.98 : : Rice, Rough : Cwt: 7.07 7.80 9.87 9.69 Sorghum Grain : Cwt: 3.75 3.16 6.09 6.43 Soybeans : Bu : 5.61 5.87 6.18 6.42 Sunflower, All : Cwt: 9.50 11.40 13.60 14.30 : : Wheat, All : Bu : 2.96 3.52 4.51 4.50 Winter : Bu : 2.93 3.45 4.51 4.47 Durum : Bu : 2.86 3.29 4.74 4.69 Other Spring : Bu : 3.11 3.70 4.48 4.52 Hard Red Winter : Bu : 3.55 4.65 Soft Red Winter : Bu : 3.24 4.28 Hard Red Spring : Bu : 3.74 4.49 White : Bu : 3.24 3.07 4.31 : : Fruit : : : : Citrus, Equiv on-tree: : Grapefruit : Box: 5.77 11.06 8.17 6.18 Lemons : Box: 10.10 3.78 13.36 11.42 Oranges 7/ : Box: 5.79 5.16 7.47 8.14 Tangelos : Box: 5.82 4.81 6.20 7.32 Tangerines : Box: 15.11 10.39 13.63 16.23 : : Noncitrus, Fresh : : Apples 2/ : Lb : 0.212 0.217 0.261 0.287 Grapes 2/ : Ton: 506.00 5/ 1,290.00 5/ Peaches 2/ : Ton: 432.00 Pears 2/ : Ton: 370.00 404.00 578.00 561.00 Strawberries : Cwt: 56.00 142.00 189.00 109.00 -------------------------------------------------------------------------------- 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. 7/ Includes Temples beginning with the 2006-07 season. Prices Received, United States, January 2007, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit : 1990-92 : Jan : Dec : Jan : : : 2006 : 2006 : 2007 -------------------------------------------------------------------------------- : : Dollars : : : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 Broccoli : Cwt : 22.50 32.50 53.10 59.30 Cantaloupes 2/ : Cwt : Carrots : Cwt : 13.20 21.40 19.10 18.80 Cauliflower : Cwt : 26.80 33.10 41.60 32.20 Celery : Cwt : 11.60 9.64 20.20 27.40 Corn, Sweet : Cwt : 15.70 36.50 14.40 29.40 Cucumbers 2/ : Cwt : 20.90 26.20 22.80 Lettuce : Cwt : 11.90 10.50 22.40 18.40 Onions : Cwt : 12.80 11.70 16.50 26.00 Snap Beans 2/ : Cwt : 44.40 67.70 66.40 Tomatoes : Cwt : 32.30 79.20 24.80 26.70 : : Livestock : : : : Calves : Cwt : 94.30 141.00 115.00 115.00 Cattle, All Beef : Cwt : 72.90 95.10 83.60 85.00 Cows 3/ : Cwt : 49.60 47.30 42.20 43.80 Steers & Heifers : Cwt : 77.10 102.00 89.30 90.30 Milk Cows 4/ : Head: 1,130.00 1,660.00 : : Hogs, All : Cwt : 47.70 40.70 43.50 41.40 Barrows & Gilts : Cwt : 48.40 41.10 44.00 42.00 Sows : Cwt : 39.50 33.20 32.20 30.70 : : Lambs : Cwt : 56.20 96.10 93.20 Sheep : Cwt : 23.40 47.70 35.30 : : Dairy and Poultry : : : : Milk, All 5/ 6/ : Cwt : 13.06 14.50 14.10 14.40 Fluid Grade 6/ : Cwt : 13.10 14.50 14.10 14.40 Mfg Grade 6/ : Cwt : 11.80 14.00 13.80 13.90 : : Broilers, Live 7/ : Lb : 0.317 0.380 0.400 0.430 Eggs, All 8/ : Doz : 0.643 0.610 0.807 0.915 Market 8/ : Doz : 0.546 0.438 0.665 0.788 Turkeys, live 7/ 8/: Lb : 0.380 0.408 0.434 0.408 : : Adjusted for Seasonal : : Variation : : Eggs, All : Doz : 0.545 0.547 0.674 0.815 Milk, All 5/ : Cwt : 9.71 14.10 13.70 14.00 -------------------------------------------------------------------------------- 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 2007 Fat test percent: all milk 3.76, fluid milk 3.76, mfg grade 4.06. 7/ Equivalent liveweight returns to producers for most States. Includes growers and contractors. 8/ Mid-month price. 9/ Seasonal adjustment factors are: All Eggs January 2006, 112; December 2006, 120; and January 2007, 112. All Milk January 2006, 102; December 2006, 103; and January~2007, 103. Wheat: Prices Received, by State, December 2006 and January 2007 -------------------------------------------------------------------------------- : All Wheat : Winter Wheat : Durum Wheat :Oth Spring Wheat State :----------------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : AR : 4.60 4.45 4.60 4.45 CA : 4.59 4.18 4.18 3/ 3/ 3/ CO : 4.51 4.50 4.51 4.50 3/ 3/ ID : 4.11 4.60 4.08 4.65 4.07 3/ 4.21 4.50 IL : 4.26 4.00 4.26 4.00 IN : 4.48 4.05 4.48 4.05 KS : 4.91 4.55 4.91 4.55 MI : 4.22 4.00 4.22 4.00 MN : 4.44 4.40 4.35 4.35 4.44 4.40 MO : 4.31 4.00 4.31 4.00 MT : 4.54 4.41 4.48 4.33 4.87 4.96 4.56 4.42 NE : 4.73 4.60 4.73 4.60 ND : 4.49 4.57 4.36 4.35 4.74 4.65 4.44 4.55 OH : 4.13 3.78 4.13 3.78 OK : 4.90 4.60 4.90 4.60 OR : 4.34 4.63 4.32 4.60 4.45 4.80 SD : 4.48 4.44 4.40 4.40 4.62 4.50 TX : 4.68 4.65 4.68 4.65 WA : 4.55 4.69 4.48 4.65 4.80 4.83 : US : 4.51 4.50 4.51 4.47 4.74 4.69 4.48 4.52 -------------------------------------------------------------------------------- 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, 2006 and 2007 1/ -------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 2/ : All Hogs Month :----------------------------------------------------------------------- : 2006 : 2007 : 2006 : 2007 : 2006 : 2007 : 2006 : 2007 : 2006 : 2007 -------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ------- Dollars per ------- : ----------- Cwt ----------- : Jan : 3.52 4.50 2.00 3.23 5.87 6.42 95.10 85.00 40.70 41.40 Feb : 3.66 2.02 5.67 92.40 42.60 Mar : 3.79 2.06 5.57 88.10 42.80 Apr : 3.81 2.11 5.52 84.80 41.30 May : 4.09 2.17 5.68 82.20 48.20 Jun : 4.01 2.14 5.62 84.20 53.80 Jul : 3.89 2.14 5.61 86.10 50.20 Aug : 3.91 2.09 5.23 87.70 51.60 Sep : 4.06 2.20 5.24 90.80 48.90 Oct : 4.59 2.54 5.52 88.50 46.50 Nov : 4.59 2.87 6.07 84.70 44.80 Dec : 4.51 3.01 6.18 83.60 43.50 -------------------------------------------------------------------------------- 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 2006 and January 2007 -------------------------------------------------------------------------------- :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 : 6.44 6.65 4/ 4/ CA : 4/ 5/ 5/ 5/ CO : 4/ 4/ 2.88 3.25 ID : 3.20 3.21 IL : 3.00 3.20 5/ 5/ 6.21 6.35 6.07 6.15 IN : 3.26 3.50 6.40 6.77 IA : 3.03 3.15 2.02 1.95 6.26 6.35 KS : 3.37 3.62 4/ 2.08 6.10 6.40 6.13 6.49 KY : 3.26 3.55 6.49 6.80 LA : 6.34 6.77 MI : 3.00 3.30 1.99 1.90 6.09 6.50 MN : 2.64 2.68 2.81 3.10 2.14 2.10 5.95 6.20 MS : 6.40 6.83 MO : 3.08 3.30 6.18 6.35 5.86 6.00 MT : 3.04 3.31 1.93 5/ NE : 2.95 3.10 1.90 2.00 5.98 6.25 5.86 6.15 NY : 1.73 1.84 NC : 3.60 3.95 6.12 6.44 ND : 2.75 3.05 2.63 2.90 2.05 2.15 5.74 6.00 OH : 3.07 3.27 4/ 5/ 6.19 6.45 OK : 6.04 6.24 OR : 3.65 3.60 5/ 5/ PA : 3.58 4.00 2.00 2.13 SD : 4/ 4/ 2.81 3.10 2.36 2.50 5.98 6.23 TN : 3.43 3.60 6.62 6.80 TX : 3.33 3.76 4/ 5/ 6.10 6.47 UT : 3.40 3.51 WA : 3.52 3.62 WI : 2.86 3.15 1.73 1.80 5.87 6.20 WY : 3.15 3.23 : US : 2.95 3.13 3.01 3.23 1.97 2.12 6.18 6.42 6.09 6.43 -------------------------------------------------------------------------------- 1/ The Three-State (MN, ND and SD) Feed Barley price in 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 2006 and January 2007 -------------------------------------------------------------------------------- : Malting Barley : Feed Barley State :-------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : ID : 3.19 3.20 3.30 3.35 MN : 2.62 2.65 2.86 2.90 MT : 3.10 3.40 2.83 2.95 ND : 2.85 3.20 2.62 2.70 SD : 4/ 4/ 3/ 3/ WY : 3/ 3/ 3/ 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 2007 -------------------------------------------------------------------------------- : 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 : 0.158 0.162 CA : 54.00 51.70 CO : 20.70 22.00 FL : 5/ 5/ GA : 0.173 0.177 ID : 20.20 21.00 KS : 12.90 14.10 MI : 20.10 21.00 MN : 24.00 5/ 15.10 16.00 NE : 20.00 22.40 NC : 0.189 0.183 ND : 19.50 20.30 13.50 14.10 5.73 6.00 SD : 13.60 14.20 6/ 6/ TX : 0.186 0.188 VA : 0.163 0.177 : US : 21.60 22.70 13.60 14.30 5.73 6.00 0.176 0.178 -------------------------------------------------------------------------------- 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 2006 and January 2007 -------------------------------------------------------------------------------- : : 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 : 0.473 0.492 78.00 AZ : 0.537 6/ 162.00 127.00 127.00 133.00 AR : 0.514 0.516 7/ CA : 0.672 0.633 153.00 112.00 120.00 82.00 0.304 CO : 139.00 140.00 126.00 GA : 0.510 0.502 91.00 ID : 114.00 116.00 93.00 IL : 99.00 104.00 79.00 IA : 88.00 92.00 65.00 KS : 113.00 122.00 80.00 KY : 85.00 125.00 70.00 LA : 0.495 0.496 7/ MI : 104.00 110.00 85.00 0.250 MN : 83.00 86.00 60.00 MS : 0.495 0.497 7/ MO : 81.00 123.00 65.00 MT : 79.00 79.00 74.00 NE : 92.00 93.00 82.00 NV : 119.00 120.00 112.00 NM : 170.00 172.00 145.00 NY : 124.00 135.00 101.00 0.297 NC : 0.486 6/ 83.00 ND : 64.00 69.00 49.00 OH : 108.00 130.00 75.00 0.395 OK : 135.00 156.00 108.00 OR : 131.00 131.00 130.00 PA : 138.00 156.00 130.00 0.152 SD : 81.00 84.00 69.00 TN : 0.504 0.508 102.00 TX : 0.477 0.479 122.00 135.00 166.00 131.00 UT : 103.00 105.00 79.00 VA : 0.260 WA : 127.00 125.00 135.00 0.288 WI : 52.00 55.00 40.00 WY : 100.00 101.00 98.00 : US : 0.493 0.495 117.00 112.00 115.00 102.00 0.287 -------------------------------------------------------------------------------- 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 2007, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Nov 2006 1/ : Dec 2006 1/ : Jan 2007 2/ -------------------------------------------------------------------------------- : : Upland Cotton : : Average Price : Dollars per Pound : 0.476 0.493 0.495 Marketings 3/ : 1,000 Bales : 1,117 2,062 NA : : Rice : : Average Price : Dollars per Cwt : 9.70 9.87 9.69 Marketings 4/ : 1,000 Cwt : 11,749 12,851 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 2007 -------------------------------------------------------------------------------- : : 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 : 19.80 10.56 10.56 7.64 7.64 CA : 24.70 13.97 15.46 -0.30 11.05 12.54 -3.22 FL : 20.40 8.34 11.94 4.16 5.72 9.59 1.23 White : 20.00 7.17 11.30 4.30 4.56 8.95 1.50 Colored : 20.50 8.74 12.10 4.10 6.11 9.75 1.10 TX : 22.00 7.30 11.40 2.77 6.10 10.17 1.59 : US : 21.20 8.55 12.26 3.80 6.18 10.04 1.23 : Lemons : AZ : 31.50 14.65 21.43 -0.42 9.23 16.01 -5.84 CA : 31.80 18.10 21.73 -0.42 12.68 16.31 -5.84 : US : 31.70 16.84 21.63 -0.42 11.42 16.21 -5.84 : Oranges : AZ : Navel and Misc: 21.10 11.52 13.19 1.48 9.02 10.69 -1.02 : CA : Navel and Misc: 22.80 13.68 14.89 1.48 11.18 12.39 -1.02 : FL : Early and Mids: 23.00 10.00 14.10 9.85 7.25 11.40 7.10 : TX : Early and Mids: 30.90 14.79 20.19 2.94 13.37 18.76 1.55 : US : 23.10 10.82 14.96 9.62 8.14 12.47 6.88 : Tangelos : FL : 20.00 10.10 10.70 9.95 7.32 8.00 7.15 : Tangerines : AZ : 32.50 23.26 23.26 20.02 20.02 CA : 33.00 17.78 23.76 0.26 14.54 20.52 -2.98 FL : 35.00 20.15 24.00 9.90 16.52 20.50 5.90 : US : 33.90 19.69 23.81 6.27 16.23 20.43 2.55 -------------------------------------------------------------------------------- 1/ Net lbs. per box: Grapefruit - AZ & CA-67, FL-85, TX-80; Lemons - 76; Oranges - AZ & CA-75, FL-90, TX-85; Tangelos~-~90; Tangerines - AZ & CA-75, FL-95. Potatoes: Prices Received, by State, December 2006 and January 2007 1/ ------------------------------------------------------------------------------- : : :: : : State : Dec : Jan :: State : Dec : Jan : : :: : : ------------------------------------------------------------------------------- : Dollars per Cwt :: : Dollars per Cwt : :: : AL : :: : AZ : :: NC : CA - All : 8.90 9.70 :: ND - All 2/ : 6.50 6.25 - Winter : 17.10 17.00 :: - Fresh 3/ : 7.65 NA - Spring : :: - Processing : 6.05 NA - Summer : :: OR : 6.65 6.75 - Fall : 8.10 8.10 :: TX : CO - All 2/ : 8.05 8.10 :: VA : - Fresh 3/ : 8.55 NA :: WA - All : 6.80 7.10 FL : :: - Processing : 6.00 NA ID - All 2/ : 5.45 5.45 :: WI - All 2/ : 7.60 7.85 - Fresh 3/ : 5.90 NA :: - Fresh 3/ : 9.05 NA - Processing : 5.20 NA :: - Processing : 6.05 NA ME : 8.05 8.10 :: : MI : 8.45 8.70 :: US - All 2/ : 6.90 6.98 MN : 6.45 6.35 :: - Fresh 3/ : 8.47 NA NY : 11.90 10.80 :: - Processing : 5.97 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. Cattle: Prices Received, by State, December 2006 and January 2007 -------------------------------------------------------------------------------- : 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 : 42.40 43.40 92.00 94.00 84.60 86.90 106.00 106.00 AR : 40.00 40.00 92.70 95.20 76.90 78.60 110.00 109.00 CA : 36.40 40.90 86.80 90.10 61.60 65.50 108.00 109.00 CO : 43.40 43.50 98.90 96.00 98.30 95.50 112.00 112.00 FL : 45.90 47.70 83.40 80.10 64.90 59.30 104.00 106.00 GA : 46.80 47.90 83.30 81.40 59.20 59.00 109.00 107.00 ID : 39.20 38.70 86.30 89.10 73.10 75.50 105.00 108.00 IL : 46.00 46.00 86.00 88.00 85.20 87.20 104.00 103.00 IA : 44.20 44.90 88.70 91.50 87.80 90.60 107.00 105.00 KS : 43.00 44.40 88.30 89.50 86.50 88.10 120.00 119.00 KY : 42.00 43.00 87.00 87.00 76.20 76.40 102.00 102.00 LA : 42.00 45.00 86.70 92.00 56.30 59.10 106.00 109.00 MI : 44.50 44.50 78.50 80.00 68.30 69.40 120.00 114.00 MN : 46.50 47.00 82.60 84.50 74.00 75.50 116.00 115.00 MO : 41.30 42.40 96.80 97.90 85.10 81.30 112.00 113.00 MT : 39.80 43.60 102.20 96.80 88.50 88.30 118.00 118.00 NE : 43.20 42.20 90.30 91.60 88.90 90.10 122.00 120.00 NM : 44.20 46.40 92.00 93.00 70.50 73.00 108.00 106.00 ND : 42.00 41.00 99.00 96.00 86.50 90.50 114.00 114.00 OH : 42.20 44.00 84.20 86.00 80.00 81.80 95.30 97.00 OK : 42.80 44.10 100.00 98.20 90.80 89.50 118.00 116.00 OR : 38.50 37.80 85.00 86.00 71.10 71.50 99.00 98.50 PA : 42.80 44.10 82.30 84.90 72.00 74.30 108.00 107.00 SD : 43.10 41.30 95.90 91.80 82.20 83.20 117.00 114.00 TN : 41.00 42.00 88.00 86.00 69.20 68.40 102.00 100.00 TX : 41.40 42.00 88.70 89.00 84.40 84.80 116.00 119.00 VA : 37.90 39.00 80.60 84.10 62.20 64.70 99.40 102.00 WI : 42.80 45.50 79.10 81.60 58.00 60.70 145.00 141.00 WY : 41.60 41.50 102.00 99.00 75.40 87.50 121.00 120.00 : US : 42.20 43.80 89.30 90.30 83.60 85.00 115.00 115.00 -------------------------------------------------------------------------------- 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 2006 and January 2007 -------------------------------------------------------------------------------- : Sows : Barrows and Gilts : All Hogs :----------------------------------------------------------------------- State : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Cwt : AR : 32.50 31.10 40.80 38.30 40.00 37.60 IL : 31.50 30.00 43.70 41.20 42.70 40.30 IN : 35.80 34.50 43.50 41.20 42.70 40.50 IA : 32.80 31.30 45.50 44.00 45.40 43.70 KS : 33.10 31.50 40.20 38.40 39.30 37.50 MN : 32.20 30.50 45.90 44.50 45.60 44.20 MO : 31.10 29.50 34.60 32.70 34.40 32.50 NE : 33.50 32.00 45.90 44.40 45.70 44.20 NC : 31.70 30.10 44.40 42.30 44.30 42.20 OH : 31.90 31.00 43.40 41.00 42.60 40.30 OK : 30.60 29.10 36.60 34.50 35.70 33.70 PA : 31.50 30.10 40.60 38.00 39.20 36.80 SD : 30.60 28.90 45.70 43.80 44.00 41.90 : US : 32.20 30.70 44.00 42.00 43.50 41.40 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by State, December 2006 and January 2007 -------------------------------------------------------------------------------- : December : January State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ : Eggs 2/ 3/ -------------------------------------------------------------------------------- : ------ Dollars per Cwt ------ Dollars per Dozen : AL : 0.700 AR : 0.778 CA : 43.00 89.50 0.820 CO : 32.00 95.00 CT : 0.900 FL : 0.750 GA : 0.760 ID : 30.00 84.00 IN : 0.860 IA : 36.90 89.00 0.760 KY : 43.00 97.00 ME : 1.010 MI : 0.770 MN : 32.00 89.60 0.820 MS : 0.800 MO : 33.80 91.10 0.730 MT : 31.00 106.00 NE : 34.00 83.70 NY : 0.810 NC : 0.742 ND : 33.00 108.00 OH : 35.50 94.10 0.867 OR : 36.00 92.00 PA : 46.40 111.00 0.690 SC : 0.720 SD : 32.90 108.00 TX : 38.20 96.90 0.740 VA : 43.00 106.00 WA : 0.840 WV : 35.00 102.00 WY : 34.00 103.00 : US : 35.30 93.20 0.788 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Market (table) eggs. Milk and Milk Cows: Prices Received, by State, December 2006 and January 2007 -------------------------------------------------------------------------------- : 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 : 14.10 3.74 14.10 3.74 14.40 3.70 1,800 CA : 12.60 3.80 14.00 4.32 12.64 3.82 12.70 3.80 1,600 CO : 14.30 3.63 14.30 3.63 14.40 3.62 1,900 FL : 16.50 3.69 16.50 3.69 17.60 3.67 1,770 ID : 13.30 3.78 13.10 3.98 13.30 3.78 13.30 3.74 1,600 IL : 15.00 3.90 15.20 3.80 15.00 3.90 15.00 3.85 1,630 IN : 14.20 3.78 13.40 3.98 14.20 3.78 14.50 3.75 1,650 IA : 14.40 3.79 13.50 4.11 14.40 3.80 14.40 3.75 1,660 KS : 14.00 3.78 14.00 3.78 14.30 3.75 1,630 KY : 14.70 3.78 14.70 3.78 15.40 3.75 1,590 MI : 14.50 3.70 12.10 3.76 14.50 3.70 14.90 3.66 1,800 MN : 14.90 3.84 13.20 3.93 14.80 3.84 15.00 3.81 1,580 MO : 14.50 3.80 13.60 4.00 14.50 3.81 15.00 3.75 1,460 NM : 13.60 3.76 13.60 3.76 14.10 3.72 1,720 NY : 14.50 3.77 14.50 3.77 14.80 3.76 1,540 OH : 15.10 3.78 14.10 4.03 15.10 3.79 15.50 3.76 1,670 OR : 16.00 3.79 16.00 3.79 16.60 3.75 1,750 PA : 15.50 3.80 13.40 4.00 15.50 3.80 15.70 3.75 1,700 TX : 14.50 3.85 14.50 3.85 14.50 3.82 1,690 VT : 14.90 3.81 14.90 3.81 15.30 3.80 1,700 VA : 16.00 3.73 16.00 3.73 16.10 3.70 1,660 WA : 13.80 3.79 13.80 3.79 14.30 3.75 1,600 WI : 14.90 3.78 14.10 3.99 14.90 3.79 15.10 3.78 1,730 : US : 14.10 3.78 13.80 4.12 14.10 3.79 14.40 3.76 1,660 -------------------------------------------------------------------------------- 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 2006 and January 2007, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Jan 2006 : Dec 2006 : Jan 2007 -------------------------------------------------------------------------------- Parity Equivalent : Dollars per Cwt : 34.70 35.40 35.70 Average Price F.O.B 2/ : Dollars per Cwt : 14.00 13.80 13.90 Average Fat Test of Milk 2/ : Percent : 4.00 4.12 4.06 -------------------------------------------------------------------------------- 1/ The parity price equivalent during 2007 is 92.1 percent of the parity price of all milk sold to plants, compared with 91.5 percent in 2006. For additional details, see January 2007 issue of "Agricultural Prices". 2/ Preliminary for January 2007. Parity Prices for Farm Products and Average Prices Received as Percent of Parity Prices, United States, with Comparisons 1/ -------------------------------------------------------------------------------- : : Parity Price : Price as Percent :Adjusted: : of Parity Commodity and Unit : Base :----------------------------------------- : Price : Jan : Dec : Jan : Jan : Dec : Jan : : 2006 : 2006 : 2007 : 2006 : 2006 : 2007 -------------------------------------------------------------------------------- : ---------- Dollars --------- ---- Percent ---- : Basic Commodities : All Wheat, Bu : 0.519 10.30 10.50 10.50 34 43 43 Rice, Cwt : 1.40 27.90 28.50 28.30 27 35 34 Corn, Bu : 0.384 7.66 7.82 7.76 26 38 42 Cotton, Lb : American Upland : 0.098 2.25 2.30 1.98 22 21 25 Extra Long Staple : 0.142 2.66 2.71 2.87 Peanuts, Lb : 0.031 0.674 0.688 0.627 26 26 28 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt 2/ : 1.92 37.90 38.70 38.80 39 31 31 Honey, Extracted, Lb 3/ : 0.123 2.28 2.28 2.49 : Wool and Mohair : Wool, Lb : 0.082 1.60 1.63 1.66 Mohair, Lb : 0.359 6.53 6.66 7.26 : Other Nonbasic : Barley, Bu : 0.362 7.16 7.31 7.32 34 40 43 Canola, Cwt : 1.37 26.60 27.70 27.70 Cottonseed, Ton : 14.80 296.00 303.00 299.00 34 36 39 Dry Edible Beans, Cwt : 2.72 54.10 55.20 55.00 35 39 41 Flaxseed, Bu : 0.841 15.30 15.60 17.00 37 37 35 Mustard Seed, Cwt : 1.92 37.70 38.50 38.80 Oats, Bu : 0.215 4.25 4.29 4.35 41 46 49 Potatoes, Cwt : 0.818 15.80 16.20 16.50 45 43 42 Rapeseed, Cwt : 1.59 31.00 31.70 32.10 Rye, Bu : 0.414 6.83 6.98 8.37 Safflower, Cwt : 1.84 35.80 36.60 37.30 Sorghum Grain, Cwt : 0.656 11.90 12.10 13.30 27 50 48 Soybeans, Bu : 0.850 16.90 17.30 17.20 35 36 37 All Sunflower, Cwt : 1.66 32.30 33.00 33.50 37 38 36 Sweetpotatoes, Cwt : 2.31 44.90 45.80 46.70 Apples, Fresh, Lb 4/ : 0.301 0.520 0.531 0.609 35 42 35 Citrus (equiv on-tree), Box : Grapefruit : 0.622 10.40 10.60 12.60 106 77 49 Lemons : 1.14 22.30 22.80 23.10 17 59 49 Oranges : 0.598 11.40 11.60 12.10 45 64 67 Tangerines : 1.35 26.80 27.30 27.30 39 50 59 Temples (FL) : 0.372 7.58 7.75 7.52 Beef Cattle, Cwt : 10.15 190.00 194.00 205.00 50 43 41 Calves, Cwt : 14.60 264.00 269.00 295.00 53 43 39 Hogs, Cwt : 5.83 115.00 118.00 118.00 35 37 35 Lambs, Cwt : 11.90 229.00 234.00 241.00 42 40 Sheep, Cwt : 4.90 94.10 96.10 99.10 51 37 Eggs, Doz 2/ : 0.088 1.75 1.79 1.78 31 38 46 Turkeys, Live, Lb : 0.056 1.080 1.100 1.140 38 39 36 -------------------------------------------------------------------------------- 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. Parity Prices for Farm Products, January 2007, United States 1/ ------------------------------------------------------------------------------- Other Nonbasic :Adjusted:Parity :: Other Nonbasic :Adjusted:Parity Commodities : Base : Price :: Commodities : Base : Price : Price : :: : Price : ------------------------------------------------------------------------------- :Dollars Dollars:: :Dollars Dollars : :: : Field Crops and : :: Fresh, CA, Ton 5/: 60.80 1,230.00 Misc Commodities : :: Noncitrus Fruit, : Hops, Lb : 0.250 5.06 :: Continued : Spearmint Oil, Lb : 1.40 28.30 :: Olives, CA : Tobacco, Lb : :: canning, Ton 3/ : 94.20 1,900.00 Flue-Cured, 11-14 : 0.240 4.85 :: Papayas (HI) : 0.050 1.010 VA Fire-Cured, 21 : 0.254 5.14 :: Peaches : KY-TN Fire-Cured, : :: Fresh, Ton 2/ : 83.80 1,690.00 22-23 : 0.319 6.45 :: Dried, CA, : Fire-Cured, 21-23 : 0.319 6.45 :: Ton : 77.00 1,560.00 Burley, 31 : 0.259 5.24 :: Processing 3/ : Maryland, 32 : 0.196 3.96 :: Excl Dried : Dark Air-Cured, : :: Clingstone, : 35-36 : 0.282 5.70 :: CA, Ton : 34.10 690.00 Sun-Cured, 37 : 0.235 4.75 :: Pears, Ton : Dark Air-Cured, : :: Fresh 2/ : 53.50 1,080.00 35-37 : 0.284 5.74 :: Dried, CA 4/ : 178.00 3,600.00 PA Seedleaf, 41 : 0.200 4.04 :: Plums, CA, Ton : Cigar Filler & : :: Fresh, Equiv : Binder, : :: on-Tree : 63.40 1,280.00 42-44, 54-55 : 0.222 4.49 :: Prunes, Dried, : Puerto Rican : :: CA, Ton 4/ : 139.00 2,810.00 Filler, 46 : 0.155 3.13 :: Prunes and Plums, : Cigar Binder, : :: Excl CA, Ton : 51-52 : 0.749 15.10 :: Fresh 7/ : 62.80 1,270.00 Type 61 : 3.30 66.70 :: Processing 4/ : : :: Excl Dried : 28.30 572.00 Noncitrus Fruit : :: : Apples, Ton 4/ : :: Tree Nuts 8/ : Processing : 16.70 338.00 :: Almonds, Lb : 0.214 4.33 Apricots, Ton : :: Hazelnuts, Ton : 154.00 3,110.00 Fresh 5/ :104.00 2,100.00 :: Pistachio, Lb : 0.180 3.64 Dried, CA :264.00 5,340.00 :: Walnuts, Ton : 174.00 3,520.00 Avocados, Ton 5/ :231.00 4,670.00 :: : Cherries : :: Vegetables, Cwt 9/ : Sweet, Ton :197.00 3,980.00 :: Fresh : Tart, Lb : 0.034 0.694:: Carrots 6/ : 2.38 48.10 Cranberry, Bbl 3/ : 5.02 101.00 :: Cauliflower 6/ : 4.45 90.00 Dates, CA, Ton 5/ :188.00 3,800.00 :: Celery 6/ : 2.00 40.40 Grapes, Ton : :: Honeydew Melons : 2.67 54.00 Raisin Variety :121.00 2,450.00 :: Lettuce : 2.35 47.50 Other Dried : 71.50 1,450.00 :: Onions 6/ : 1.63 33.00 Kiwifruit, Ton : 90.50 1,830.00 :: Tomatoes : 4.77 96.50 Nectarines : :: : ------------------------------------------------------------------------------- 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/ Equivalent packinghouse-door returns for CA, NY (apples only), OR (except peaches), and WA. Price at point of first sale for other states. 3/ Equivalent returns for bulk fruit at first delivery point. 4/ Equivalent returns at processing plant door. 5/ Equivalent returns at packinghouse door. 6/ Includes some processing. 7/ Based on "as sold" prices for fresh fruit in all states. 8/ Prices in-shell basis except almonds which are shelled basis. 9/ F.O.B. shipping point prices. Marketing Year for Specified Commodities 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 to June 30 for Alabama and California; July 1 to May 31 for Georgia, Louisiana, North Carolina and Texas; August 1 to May 31 for South Carolina, and Virginia; and August 1 to July 31 for New Jersey. Sweet Potatoes: Marketing Year Average Prices Received, by State and United States, 2004-2006 ------------------------------------------------------------------------------- State : 2004 : 2005 : 2006 1/ ------------------------------------------------------------------------------- : Dollars per Cwt : AL : 20.80 21.40 25.50 CA : 25.00 25.30 20.10 LA : 17.70 16.20 17.80 MS : 17.70 18.30 19.80 NJ : 26.30 26.80 26.80 NC : 13.50 14.20 16.30 SC : 15.00 17.30 18.30 TX : 16.80 11.30 10.50 VA : 12.80 11.40 11.60 : US : 17.50 18.00 18.10 ------------------------------------------------------------------------------- 1/ Preliminary. Rice: Marketing Year Average Prices Received, by State and United States, 2004 and 2005 -------------------------------------------------------------------------------- State : 2004 : 2005 -------------------------------------------------------------------------------- : : All : : Dollars per Cwt : AR : 7.13 7.27 CA : 7.34 10.10 LA : 7.77 7.47 MS : 7.48 7.36 MO : 6.98 6.87 TX : 7.96 7.77 : US 1/ : 7.33 7.65 : : Length of Grain : US: : Long : 7.34 7.30 Medium &: Short : 7.29 9.49 -------------------------------------------------------------------------------- 1/ Based on state prices weighted by marketings for August through July. All Rice: Monthly Prices Received, Marketing Year Average Prices and Monthly Farm Marketings, United States, 2004-2005 through 2006-2007 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketings 2/ Month :-----------------------------------:----------------------------------- :2004-2005 :2005-2006 :2006-2007 4/ :2004-2005 :2005-2006 :2006-2007 4/ -------------------------------------------------------------------------------- : ----- Dollars per Cwt ----- ---------- 1,000 Cwt --------- : Aug : 8.93 6.59 8.67 9,104 14,130 12,801 Sep : 8.46 6.77 9.01 12,719 14,753 10,176 Oct : 7.59 7.02 9.57 13,590 15,023 13,122 Nov : 7.38 7.56 9.70 11,343 14,596 11,749 Dec : 7.37 7.54 9.87 13,310 16,242 12,851 Jan 3/ : 7.39 7.80 21,859 21,076 Feb : 6.90 8.02 15,622 17,666 Mar : 6.97 8.05 15,959 18,304 Apr : 6.98 8.16 14,859 13,414 May : 6.98 8.03 14,193 12,975 Jun : 6.96 8.11 13,841 13,224 Jul : 6.82 8.18 13,536 11,834 : MYA : 7.33 7.65 169,935 183,237 -------------------------------------------------------------------------------- 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~2006 - November~2006. Parity Prices Parity prices based on data for January 2007 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 1996 through 2005 for use in parity computations, and ten-year averages for 1996-2005 and 1997-2006 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 2007 this is the 1997-2006 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 2007 is given below. The 120-month, January 1997-December 2006 average of prices received by farmers for corn was $2.78 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 724 (1910-14=100). Dividing $2.78 by 7.24 gives $0.384 per bushel, the adjusted base price which is multiplied by 2022 percent, the Parity Index (1910-14=100), based on data for January 2007. This gives $7.76 per bushel, the parity price of corn during January 2007. 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, 2007 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2007 2/ -------------------------------------------------------------------------------- : Dollars : Basic Commodities : All Wheat, Bu 3/ : 0.519 10.50 Rice, Cwt 3/ : 1.40 28.30 Corn, Bu 3/ : 0.384 7.76 Cotton, Lb : American Upland 3/ : 0.098 1.98 Extra Long Staple : 0.142 2.87 Peanuts, Lb : 0.031 0.627 Tobacco, Lb : Flue-Cured, Types 11-14 : 0.240 4.85 VA Fire-Cured, Type 21 : 0.254 5.14 KY-TN Fire-Cured, : Types 22-23 : 0.319 6.45 Fire-Cured, Types 21-23 : 0.319 6.45 Burley, Type 31 : 0.259 5.24 Maryland, Type 32 : 0.196 3.96 Dark Air-Cured, Types 35-36 : 0.282 5.70 Sun-Cured, Type 37 : 0.235 4.75 Dark Air-Cured, Types 35-37 : 0.284 5.74 PA SeedLeaf, Type 41 : 0.200 4.04 Puerto Rican Filler, Type 46 : 0.155 3.13 Cigar Binder, Types 51-52 : 0.749 15.10 : Designated Nonbasic Commodities : Soybeans, Bu 3/ : 0.850 17.20 All Milk Sold to Plants, Cwt : 1.92 38.80 Honey, Wholesale, Lb Extracted : 0.123 2.49 : Wool and Mohair : Wool, Lb 3/ : 0.082 1.66 Mohair, Lb : 0.359 7.26 : Other Nonbasic Commodities : Field Crops and Misc : All Barley, Bu 3/ : 0.362 7.32 Canola, Cwt : 1.37 27.70 Cottonseed, Ton : 14.80 299.00 All Dry Edible Beans, Cwt : 2.72 55.00 Flaxseed, Bu : 0.841 17.00 All Hay, Baled, Ton : 12.70 257.00 Hops, Lb : 0.250 5.06 Mustard Seed, Cwt : 1.92 38.80 Oats, Bu 3/ : 0.215 4.35 Peppermint Oil, Lb 3/ : 1.63 32.96 All Potatoes, Cwt : 0.818 16.50 Rapeseed, Cwt : 1.59 32.10 Rye, Bu : 0.414 8.37 Safflower, Cwt : 1.84 37.30 Sorghum Grain, Cwt 3/ : 0.656 13.30 Spearmint Oil, Lb : 1.40 28.30 All Sunflower, Cwt : 1.66 33.50 Sweet Potatoes, Cwt : 2.31 46.70 Tobacco, Cigar Wrapper Type 61, Lb : 3.30 66.70 -------------------------------------------------------------------------------- Adjusted Base Prices and United States Parity Prices Based on Data for January, 2007 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2007 2/ -------------------------------------------------------------------------------- : Dollars : Fruit, Citrus (Equiv On-Tree) Box : Grapefruit 13/ : 0.622 12.60 Lemons 13/ : 1.144 23.10 Oranges 13/ : 0.598 12.10 Tangerines 13/ : 1.350 27.30 Temples 13/ : 0.372 7.52 : Fruit, Deciduous and Other : Apples : Fresh, Lb 4/ : 0.301 0.609 Processing, Ton 13/ : 16.70 338.00 Apricots, Ton : Fresh : 104.00 2,100.00 Processing : Dried (CA) : 264.00 5,340.00 Excl Dried : 38.10 770.00 Avocados, Ton 13/ : 231.00 4,670.00 Cherries : Sweet, Ton : 197.00 3,980.00 Tart, Lb 13/ : 0.034 0.694 Cranberries, Bbl 13/ : 5.02 101.00 Dates (CA), Ton 5/ : 188.00 3,800.00 Grapes, Ton : Raisin Varieties Dried (CA) : 121.00 2,450.00 Excl Raisin Varieties Dried : 71.50 1,450.00 Kiwifruit, Ton 13/ : 90.50 1,830.00 Nectarines (CA), Ton : Fresh 5/ : 60.80 1,230.00 Processing 6/ : 3.96 80.10 Olives (CA), Ton 7/ : Processing : Crushed for oil : 35.80 724.00 Excl crushed : 81.90 1,656.00 Canning : 94.20 1,900.00 Papayas (HI), Fresh, Lb : 0.050 1.010 Peaches : Fresh, Ton 4/ 7/ : 83.80 1,690.00 Processing : Dried (CA), Ton 6/ : 77.00 1,560.00 Excluding Dried, Ton : Clingstone (CA), Ton 7/ : 34.10 690.00 Freestone, Ton 6/ : 27.90 564.00 Pears : Fresh, Ton 4/ : 53.50 1,080.00 Processing, Ton 6/ : Dried (CA) : 178.00 3,600.00 Excluding Dried : 26.90 544.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Prices and United States Parity Prices Based on Data for January, 2007 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2007 2/ -------------------------------------------------------------------------------- : Dollars : Fruit, Deciduous and Other, Cont : Plums (CA) Equiv On-Tree : Fresh, Ton 8/ : 63.40 1,280.00 Processing, Ton : 8.27 167.00 Prunes, Dried (CA), Ton 13/ : 139.00 2,810.00 Prunes & Plums (EX CA), Ton : Fresh 8/ : 62.80 1,270.00 Processing 6/ : 28.30 572.00 Strawberries, Lb : Fresh 6/ : 0.098 1.98 Processing : 0.040 0.810 Sugar Crops, Ton : Sugarbeets 10/ 13/ : 5.43 110.00 Sugarcane 10/ 13/ : 3.85 77.90 : Tree Nuts 11/ : Almonds, Lb : 0.214 4.33 Hazelnuts, Ton : 154.00 3,110.00 Pecans, All, Ton : 312.00 6,309.00 Pistachio, All, Lb : 0.180 3.64 Walnuts, Ton 13/ : 174.00 3,520.00 : Vegetables, Fresh, Cwt 9/ : Asparagus : 15.10 305.00 Broccoli 12/ : 4.17 84.30 Carrots 12/ : 2.38 48.10 Cauliflower 12/ : 4.45 90.00 Celery 12/ : 2.00 40.40 Honeydew Melons : 2.67 54.00 Lettuce : 2.35 47.50 Onions 12/ : 1.63 33.00 Sweet Corn : 2.67 54.00 Tomatoes : 4.77 96.50 : Vegetables, Processing, Ton 6/ : Asparagus : 158.00 3,203.00 Green Peas : 36.20 732.00 Snap Beans : 22.40 453.00 Sweet Corn : 9.82 199.00 Tomatoes : 8.50 172.00 : Livestock and Products : Beef Cattle, Cwt : 10.15 205.00 Calves, Cwt : 14.60 295.00 Eggs, Doz : 0.088 1.78 Hogs, Cwt : 5.83 118.00 Lambs, Cwt : 11.90 241.00 Sheep, Cwt : 4.90 99.10 Turkeys, Lb : 0.056 1.14 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Prices and United States Parity Prices Based on Data for January, 2007 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2007 2/ -------------------------------------------------------------------------------- : Dollars : Discontinued Nonbasic Commodities 14/ : Field Crops and Misc : Crude Pine Gum, Bbl : 13.90 281.00 Dry Field Peas, Cwt : 1.89 38.22 Popcorn, Cwt : 1.81 36.60 Tobacco, Type 62, Lb 15/ : 0.858 17.40 Cigar Filler & Binder : Types 42-44, 54-55 : 0.222 4.49 Puerto Rican Filler, Type 46, Lb : 0.155 3.13 : Fruit, Deciduous and Other : Berries, Processing, Lb : Blackberries : 0.620 12.50 Black Raspberries : 0.106 2.14 Boysenberries/Youngberries : 0.088 1.78 Gooseberries : 0.037 0.750 Loganberries : 0.060 1.22 Red Raspberries : 0.084 1.71 : Seed Crops, Cwt : Alfalfa : 19.30 390.00 Bentgrass : 18.90 382.00 Chewings Fescue : 10.00 202.00 Crimson Clover : 8.40 170.00 Hairy Vetch : 5.81 117.00 Ladino Clover : 24.70 499.00 Lespedeza : 8.31 168.00 Merion KY Bluegrass : 22.00 445.00 Orchardgrass : 7.16 145.00 Red Clover : 12.00 243.00 Red Fescue : 10.10 204.00 Tall Fescue : 3.67 74.20 Timothy : 6.40 129.00 : Vegetables, Fresh, Cwt : Artichokes : 4.55 92.00 Cabbage : 1.38 27.90 Cantaloupes : 2.13 43.10 Cucumbers : 2.28 46.10 Eggplant : 2.41 48.70 Escarole : 3.10 62.70 Garlic : 2.93 59.20 Green Peppers : 3.60 72.80 Snap Beans : 4.51 91.20 Spinach : 3.95 79.90 Watermelon : 0.846 17.10 : Vegetables, Processing, Ton : Beets : 7.79 158.00 Cabbage : 6.01 122.00 Lima Beans : 67.00 1,355.00 Spinach : 14.50 293.00 : Livestock and Products : Beeswax, Lb : 0.291 5.90 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Price and United States Parity Prices Based on data for January 2007 (continued) 1/ Adjusted base price 1910-14 derived by dividing the average of 10 season average prices 1997-2006, including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations, by 724 percent (120-month, Jan 1997-Dec 2006 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 1997-Dec 2006 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 2006 marketing year average prices are not yet available for these commodities. Therefore, the adjusted base prices are brought forward from 2005, 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, 1997 - 2006 1/ --------------------------------------------------------------------------- : : : : : : : Commodity and Unit : 1997 : 1998 : 1999 : 2000 : 2001 : 2002 : 2003 --------------------------------------------------------------------------- : (1910-14=100) Index of Prices : Received by Farmers : 678 645 607 611 650 620 677 --------------------------------------------------------------------------- : Calendar Year Average Prices 3/ : : Dollars : Basic Commodities : Corn, Bu : 2.60 2.20 1.89 1.86 1.89 2.13 2.27 Cotton, Upland, Lb : 0.678 0.646 0.516 0.498 0.389 0.336 0.517 All Wheat, Bu : 3.71 2.90 2.58 2.57 2.83 3.41 3.45 Rice, Cwt :10.01 9.40 7.60 5.69 5.12 4.07 5.78 : Designated Nonbasic Comm : All Milk, Cwt :13.30 15.50 14.40 12.30 15.00 12.10 12.50 : Other Nonbasic Comm : Field Crops and Misc : All Barley, Bu : 2.39 2.13 1.99 2.14 2.14 2.39 2.86 All Dry Beans, Cwt :20.90 20.40 17.90 15.10 17.50 22.60 17.70 Flaxseed, Bu : 6.11 5.72 4.38 3.45 4.00 5.23 6.00 All Hay, Baled, Ton 102.80 89.70 78.70 80.40 95.20 93.70 88.80 Oats, Bu : 1.72 1.34 1.15 1.17 1.42 1.88 1.71 Sorghum, Cwt : 4.10 3.54 2.86 3.10 3.38 3.80 3.96 Soybeans, Bu : 7.40 5.93 4.57 4.73 4.43 4.93 6.08 All Sunflower, Cwt :11.50 12.50 9.23 7.58 8.30 11.60 11.80 : Fruit : Apples, Fresh, Lb 4/ : 0.194 0.184 0.176 0.195 0.180 0.241 0.257 : Livestock and Products : Beef Cattle, Cwt :63.30 59.70 63.30 68.40 71.20 66.60 80.00 Calves, Cwt :82.30 82.30 89.60 105.80 106.70 97.60 103.60 Eggs, Doz : 0.696 0.665 0.608 0.635 0.611 0.607 0.746 All Hogs, Cwt :52.00 32.50 32.30 42.90 44.10 33.30 37.50 Lambs, Cwt :90.50 72.50 74.50 80.30 67.60 73.30 94.80 Sheep, Cwt :38.10 31.90 30.70 33.80 35.80 28.90 35.90 Turkeys, Lb : 0.401 0.379 0.407 0.414 0.391 0.365 0.360 --------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1997 - 2006 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1997-06 Average : : : : 1996-05 :---------------------- Commodity and Unit : 2004 : 2005 : 2006 : Average : As : For Parity : : : : :Computed :Purposes 2/ -------------------------------------------------------------------------------- : (1910-14=100) Index of Prices : Received by Farmers : 757 736 738 669 672 724 -------------------------------------------------------------------------------- : Calendar Year Average Prices 3/ : : Dollars : Basic Commodities : Corn, Bu : 2.47 1.96 2.28 2.28 2.15 2.78 Cotton, Upland, Lb : 0.543 0.427 0.477 0.529 0.503 0.707 All Wheat, Bu : 3.57 3.36 4.04 3.31 3.24 3.76 Rice, Cwt : 8.43 7.04 8.60 7.27 7.17 10.10 : Designated Nonbasic Comm : All Milk, Cwt : 16.10 15.10 12.90 14.10 13.90 : Other Nonbasic Comm : Field Crops and Misc : All Barley, Bu : 2.61 2.43 2.70 2.41 2.38 2.62 All Dry Beans, Cwt : 21.20 24.10 19.50 20.10 19.70 Flaxseed, Bu : 7.18 8.87 5.51 5.69 5.64 6.09 All Hay, Baled, Ton : 89.50 96.30 104.50 90.40 92.00 Oats, Bu : 1.52 1.64 1.82 1.56 1.54 1.56 Sorghum, Cwt : 4.13 3.21 4.34 3.80 3.64 4.75 Soybeans, Bu : 7.56 5.95 5.65 5.89 5.72 6.16 All Sunflower, Cwt : 13.10 14.10 12.00 11.20 11.20 12.00 : Fruit : Apples, Fresh, Lb 4/ : 0.273 0.214 0.264 0.216 0.218 : Livestock and Products : Beef Cattle, Cwt : 85.50 89.60 87.35 70.70 73.50 Calves, Cwt :121.60 135.40 132.20 98.20 105.70 Eggs, Doz : 0.698 0.545 0.589 0.657 0.640 All Hogs, Cwt : 51.20 49.60 46.20 42.90 42.20 Lambs, Cwt :101.50 111.30 93.70 85.40 85.90 86.00 Sheep, Cwt : 38.80 46.00 34.60 35.00 35.50 Turkeys, Lb : 0.419 0.448 0.481 0.402 0.407 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1997-2006 1/ ------------------------------------------------------------------------------ Commodity and Unit : 1997 : 1998 : 1999 : 2000 : 2001 : 2002 : : : : : : ------------------------------------------------------------------------------ : Marketing Year Average Prices 5/ : : Dollars : Basic Commodities : Cotton, Long Staple, Lb : 1.014 0.924 0.852 1.003 0.856 0.860 Peanuts, Lb 17/ : 0.283 0.284 0.254 0.274 0.234 0.182 Tobacco, Lb : Types 11-14 : 1.720 1.756 1.737 1.793 1.857 1.820 Type 21 21/ : 2.125 1.936 1.819 1.637 1.759 1.884 Ky-Tn Fire-Cured, : Types 22-23 21/ : 2.256 2.225 2.298 2.163 2.149 2.378 Types 21-23 : 2.250 2.208 2.264 2.137 2.130 2.357 Burley, Type 31 : 1.885 1.903 1.899 1.963 1.973 1.974 Type 32 : 1.576 1.291 1.345 1.387 1.554 1.348 Types 35-36 2/ : 2.017 2.017 2.039 1.965 1.829 2.101 Sun-Cured, Type 37 20/ 21/: 1.908 1.709 1.590 1.800 1.686 1.778 Types 35-37 : 2.016 1.951 2.033 1.964 1.827 2.098 PA Seedleaf, Type 41 : 1.600 1.300 1.300 19/ 1.650 1.450 Types 51-52 : 7.273 5.499 4.737 4.916 5.589 5.372 : Designated Nonbasic Comm : Honey, Lb : 0.752 0.660 0.600 0.600 0.710 1.327 : Wool and Mohair 8/ : Wool, Lb : 0.840 0.600 0.380 0.330 0.350 0.530 Mohair, Lb : 2.25 2.49 3.46 4.04 2.13 1.58 : Other Nonbasic Comm : Field Crops and Misc : Canola, Cwt : 11.30 10.30 7.82 6.71 8.77 10.60 Cottonseed, Ton :121.00 129.00 89.00 105.00 90.50 101.00 Hops, Lb : 1.60 1.69 1.69 1.87 1.85 1.91 Mustard Seed, Cwt : 15.90 13.60 11.40 10.10 12.10 15.40 Peppermint Oil, Lb : 12.90 11.90 10.70 10.80 10.90 11.90 Potatoes, Cwt : 5.64 5.56 5.76 5.08 6.99 6.67 Rapeseed, Cwt : 13.20 10.30 8.68 9.74 10.80 9.73 Rye, Bu : 3.75 2.49 2.27 2.60 2.86 3.32 Safflower, Cwt : 15.40 14.20 13.70 10.60 10.90 12.20 Spearmint Oil, Lb : 11.90 11.00 9.75 9.06 9.09 9.11 Sweet Potatoes, Cwt : 15.80 15.30 17.60 15.30 15.30 16.80 ------------------------------------------------------------------------------ See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1997-2006 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1996-05 :1997-06 Commodity and Unit : 2003 : 2004 : 2005 : 2006 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Basic Commodities : Cotton, Long Staple, Lb : 1.210 0.993 1.244 1.030 0.985 1.026 Peanuts, Lb 17/ : 0.193 0.189 0.173 0.172 0.247 0.224 Tobacco, Lb : Types 11-14 : 1.851 1.845 1.474 1.497 1.769 1.735 Type 21 21/ : 1.641 1.798 1.974 6/ 1.803 6/ Ky-Tn Fire-Cured, : Types 22-23 21/ : 2.475 2.540 2.377 6/ 2.290 6/ Types 21-23 : 2.455 2.513 2.369 2.392 2.068 2.308 Burley, Type 31 : 1.977 1.994 1.564 1.638 1.905 1.877 Type 32 : 1.463 1.308 1.350 1.550 1.448 1.417 Types 35-36 21/ : 2.157 2.194 2.137 6/ 2.003 6/ Sun-Cured, Type 37 20/ 21/: 1.707 1.476 6/ 6/ 6/ 6/ Types 35-37 : 2.154 2.187 2.137 2.200 1.837 2.057 PA Seedleaf, Type 41 : 1.400 1.450 1.450 1.550 1.451 1.451 Types 51-52 : 3.584 5.309 5.645 6.750 5.245 5.420 : Designated Nonbasic Comm : Honey, Lb : 1.387 1.069 0.904 6/ 0.890 6/ : Wool and Mohair 8/ : Wool, Lb : 0.730 0.800 0.710 0.680 0.597 0.595 Mohair, Lb : 1.66 1.96 2.78 3.67 2.43 2.60 : Other Nonbasic Comm : Field Crops and Misc : Canola, Cwt : 10.60 10.70 9.62 11.10 9.93 9.75 Cottonseed, Ton :117.00 107.00 96.00 110.00 108.00 107.00 Hops, Lb : 1.86 1.88 1.94 2.06 1.79 1.81 Mustard Seed, Cwt : 16.00 15.20 13.50 13.00 14.00 13.60 Peppermint Oil, Lb : 12.00 11.90 12.20 12.80 11.90 11.80 Potatoes, Cwt : 5.89 5.66 7.06 6/ 5.92 6/ Rapeseed, Cwt : 11.00 14.10 14.30 11.90 11.50 11.40 Rye, Bu : 2.93 3.22 3.30 3.25 3.05 3.01 Safflower, Cwt : 13.70 12.10 12.60 13.50 13.40 12.90 Spearmint Oil, Lb : 9.29 9.62 10.70 11.30 10.20 10.10 Sweet Potatoes, Cwt : 19.20 17.50 18.00 18.10 16.30 16.70 -------------------------------------------------------------------------------- 1/ Average used to compute "adjusted base prices". 2006 and 1997-2006 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 1996-2005 and 1997-2006 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 1996-2005 and 1997-2006 averages for parity purposes include this allowance. 9/ Consistent with legislation quoted in this report, citrus prices shown for 2005 relate to the citrus crop designated as 2005-2006 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 or 2006. 21/ Estimates discontinued in 2006. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1997-2006 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1997 : 1998 : 1999 : 2000 : 2001 : 2002 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 6/ 6/ 6/ 25.30 23.00 22.50 : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 2.00 3.17 3.87 2.50 2.64 3.03 Lemons : 6.57 8.85 9.49 4.96 11.40 6.53 Oranges : 4.29 5.47 3.58 3.85 4.25 3.56 Tangerines : 8.84 12.60 7.15 7.92 9.59 10.06 Temples : 3.07 5.12 2.55 2.05 2.19 2.01 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 130.00 95.10 128.00 101.00 108.00 130.00 Apricots, Ton : Fresh 14/ : 558.00 579.00 638.00 573.00 650.00 678.00 Processing 11/ : Dried (CA) :1,810.00 1,860.00 20/1,860.00 1,960.00 1,590.00 Excl Dried : 274.00 259.00 295.00 283.00 257.00 268.00 Avocados, Ton :1,560.00 2,160.00 1,950.00 1,400.00 1,670.00 1,920.00 Cherries : Sweet, Ton :1,250.00 1,100.00 1,100.00 1,340.00 1,230.00 1,550.00 Tart, Lb : 0.159 0.145 0.218 0.187 0.186 0.448 Cranberries, Bbl : 63.70 36.60 17.20 18.10 23.80 32.20 Dates, (CA) Ton :1,100.00 1,220.00 1,240.00 1,230.00 1,360.00 1,550.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 908.00 1,250.00 1,220.00 569.00 570.00 393.00 Excl Raisin Var Dr : 497.00 508.00 522.00 510.00 558.00 490.00 Kiwifruit, Ton 12/ : 518.00 744.00 634.00 455.00 667.00 783.00 Nectarines, Ton : Fresh 12/ : 20/ 20/ 437.00 407.00 480.00 382.00 Processing 11/ : 20/ 20/ 27.90 24.00 26.00 20/ Olives (CA), Ton : Processing 13/ : Crushed for Oil : 11.00 11.00 200.00 300.00 300.00 240.00 Excl Crushed : 665.00 481.00 394.00 677.00 681.00 594.00 Canning 13/ : 760.00 590.00 513.00 769.00 770.00 662.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1997-2006 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1996-05 :1997-06 Commodity and Unit : 2003 : 2004 : 2005 : 2006 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 26.00 25.30 21.00 20/ 23.60 6/ : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 3.66 12.65 9.53 6/ 4.50 6/ Lemons : 8.01 8.17 10.49 6/ 8.28 6/ Oranges : 3.74 4.41 5.96 6/ 4.33 6/ Tangerines : 8.36 13.01 10.64 6/ 9.77 6/ Temples : 1.07 2.48 3.16 6/ 2.69 6/ : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 131.00 107.00 106.00 6/ 126.00 6/ Apricots, Ton : Fresh 14/ : 618.00 672.00 1,100.00 1,450.00 720.00 750.00 Processing 11/ : Dried (CA) :1,760.00 1,950.00 2,060.00 2,600.00 1,870.00 1,910.00 Excl Dried : 262.00 279.00 266.00 313.00 273.00 276.00 Avocados, Ton :1,690.00 1,620.00 1,120.00 6/1,670.00 6/ Cherries : Sweet, Ton :1,400.00 1,570.00 1,990.00 1,700.00 1,400.00 1,423.00 Tart, Lb : 0.354 0.328 0.238 0.213 0.242 0.248 Cranberries, Bbl : 33.90 32.90 34.50 37.20 35.90 33.00 Dates, (CA) Ton :1,380.00 1,310.00 1,560.00 1,640.00 1,304.00 1,359.00 Grapes, Ton : Raisin Varieties : Dried (CA) : 563.00 1,210.00 1,000.00 1,110.00 875.00 879.00 Excl Raisin Var Dr : 491.00 522.00 506.00 574.00 509.00 518.00 Kiwifruit, Ton 12/ : 853.00 809.00 620.00 6/ 584.00 6/ Nectarines, Ton : Fresh 12/ : 436.00 342.00 507.00 521.00 437.00 440.00 Processing 11/ : 20/ 20/ 20/ 20/ 20/ 20/ Olives (CA), Ton : Processing 13/ : Crushed for Oil : 238.00 361.00 526.00 405.00 220.00 259.00 Excl Crushed : 420.00 589.00 568.00 858.00 569.00 593.00 Canning 13/ : 458.00 701.00 667.00 929.00 664.00 682.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1997-2006 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1997 : 1998 : 1999 : 2000 : 2001 : 2002 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Papayas (HI), Fresh, Lb : 0.529 0.350 0.402 0.316 0.279 0.277 : Peaches : Fresh, Ton 14/ : 488.00 602.00 572.00 552.00 614.00 612.00 Processing 11/ : Dried (CA), Ton : 612.00 544.50 620.00 728.00 514.00 456.00 Excluding Dried, Ton : Clingstone CA, Ton : 260.00 219.00 225.00 250.00 244.00 247.00 Freestone, Ton : 206.00 196.00 196.00 206.00 207.00 199.00 : Pears : Fresh, Ton 4/ : 329.00 375.00 388.00 321.00 334.00 361.00 Processing, Ton 11/ : Dried (CA) :1,020.00 1,500.00 1,040.00 909.00 1,210.001,315.00 Excluding Dried : 213.00 199.00 184.00 190.00 175.00 202.00 : Plums (CA), Ton : Fresh 20/ : 20/ 20/ 20/ 20/ 20/ 20/ Processing 20/ : 20/ 20/ 20/ 20/ 20/ 20/ : Prunes, Dried, CA, Ton 11/: 883.00 764.00 861.00 770.00 726.00 810.00 : Prunes & Plums, Ex CA, Ton: Fresh 14/ : 448.00 476.00 232.00 321.00 345.00 396.00 Processing 11/ : 134.00 162.00 182.00 178.00 185.00 204.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.656 0.741 0.744 0.649 0.758 0.713 Processing : 0.271 0.319 0.330 0.245 0.292 0.331 : Sugar Crops, Ton 17/ : Sugarbeets : 38.80 36.40 37.20 34.20 39.80 39.60 Sugarcane : 28.10 27.30 25.60 26.10 29.00 28.40 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1997-2006 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1996-05 :1997-06 Commodity and Unit : 2003 : 2004 : 2005 : 2006 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Papayas (HI), Fresh, Lb : 0.319 0.361 0.364 0.423 0.365 0.362 : Peaches : Fresh, Ton 14/ : 581.00 548.00 718.00 780.00 595.00 607.00 Processing 11/ : Dried (CA), Ton : 446.00 382.00 504.00 802.00 553.00 561.00 Excluding Dried, Ton : Clingstone CA, Ton : 215.00 263.00 254.00 292.00 240.00 247.00 Freestone, Ton : 204.00 182.00 187.00 241.00 197.00 202.00 : Pears : Fresh, Ton 4/ : 358.00 430.00 461.00 511.00 385.00 387.00 Processing, Ton 11/ : Dried (CA) :1,350.00 1,030.00 1,620.00 1,406.00 1,276.001,288.00 Excluding Dried : 197.00 201.00 193.00 200.00 198.00 195.00 : Plums (CA), Ton : Fresh 20/ : 20/ 20/ 20/ 20/ 20/ 20/ Processing 20/ : 20/ 20/ 20/ 20/ 20/ 20/ : Prunes, Dried, CA, Ton 11/: 772.00 1,500.00 1,470.00 1,490.00 940.001,005.00 : Prunes & Plums, Ex CA, Ton: Fresh 14/ : 446.00 468.00 759.00 654.00 447.00 455.00 Processing 11/ : 254.00 228.00 257.00 267.00 205.00 205.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.749 0.684 0.689 0.720 0.695 0.710 Processing : 0.281 0.263 0.289 0.284 0.283 0.291 : Sugar Crops, Ton 17/ : Sugarbeets : 41.40 36.90 43.50 6/ 38.80 6/ Sugarcane : 29.50 6/ 6/ 6/ 6/ 6/ -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1997-2006 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1997 : 1998 : 1999 : 2000 : 2001 : 2002 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Tree Nuts 18/ : Almonds, Lb : 1.56 1.41 0.86 0.97 0.91 1.11 Hazelnuts, Ton : 899.00 964.00 890.00 891.00 701.001,000.00 Pecans, All, Lb : 0.774 1.210 0.814 1.140 0.594 0.955 Pistachio, All, Lb : 1.13 1.03 1.33 1.01 1.01 1.10 Walnuts, Ton :1,430.00 1,050.00 886.00 1,240.00 1,120.001,170.00 : Vegetables, Fresh, Cwt 15/: Asparagus : 108.00 124.00 131.00 117.00 140.00 110.00 Broccoli : 29.10 30.20 24.10 31.20 26.50 31.40 Carrots : 12.90 12.20 16.80 13.10 17.10 19.10 Cauliflower : 31.60 34.50 29.70 32.10 29.20 32.20 Celery 19/ : 14.70 11.70 12.00 18.50 14.40 12.80 Honeydew Melons : 18.90 21.60 21.10 19.20 21.10 18.10 Lettuce : 17.50 16.20 13.30 17.30 17.90 21.10 Onions 19/ : 12.60 13.00 9.74 11.20 10.70 12.10 Sweet Corn : 17.70 17.20 16.90 18.50 19.50 19.20 Tomatoes : 31.70 35.20 25.80 30.70 30.00 31.60 : Vegetables, Proc., Ton 11/: Asparagus :1,220.00 1,200.00 1,180.00 1,180.00 1,040.001,110.00 Green Peas : 288.00 282.00 275.00 248.00 264.00 253.00 Snap Beans : 176.00 172.00 173.00 171.00 161.00 151.00 Sweet Corn : 74.90 73.30 71.10 73.40 73.00 68.00 Tomatoes : 60.70 65.30 71.10 59.80 59.20 58.20 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1997-2006 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1996-05 :1997-06 Commodity and Unit : 2003 : 2004 : 2005 : 2006 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Tree Nuts 18/ : Almonds, Lb : 1.57 2.21 2.81 2.05 1.55 1.55 Hazelnuts, Ton :1,030.00 1,440.00 2,240.00 1,100.00 1,092.001,116.00 Pecans, All, Lb : 0.984 1.760 1.450 1.590 1.036 1.131 Pistachio, All, Lb : 1.22 1.34 2.05 1.92 1.20 1.30 Walnuts, Ton :1,160.00 1,390.00 1,570.00 6/1,240.00 6/ : Vegetables, Fresh, Cwt 15/: Asparagus : 105.00 81.30 87.40 91.30 109.70 109.50 Broccoli 19/ : 32.70 33.20 20/ 33.70 6/ 30.10 Carrots : 19.00 20.20 20.90 20.60 16.50 17.20 Cauliflower : 35.10 30.80 20/ 35.00 6/ 32.10 Celery 19/ : 13.40 14.80 13.90 18.50 13.70 14.50 Honeydew Melons : 18.80 17.60 18.80 18.00 19.20 19.30 Lettuce : 18.10 16.90 15.50 16.60 16.90 17.00 Onions 19/ : 13.70 9.06 12.40 13.10 11.50 11.80 Sweet Corn : 19.30 19.30 22.10 23.20 18.70 19.30 Tomatoes : 37.40 37.60 41.80 43.30 33.00 34.50 : Vegetables, Proc., Ton 11/: Asparagus :1,170.00 1,170.00 1,050.00 1,150.00 1,153.001,147.00 Green Peas : 250.00 250.00 266.00 243.00 266.00 262.00 Snap Beans : 157.00 158.00 140.00 157.00 164.00 162.00 Sweet Corn : 70.40 72.10 68.40 66.80 72.30 71.10 Tomatoes : 58.70 58.60 60.90 63.80 61.50 61.60 -------------------------------------------------------------------------------- 1/ Average used to compute "adjusted base prices". 2006 and 1997-2006 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 1996-2005 and 1997-2006 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 1996-2005 and 1997-2006 averages for parity purposes include this allowance. 10/ Consistent with legislation quoted in this report, citrus prices shown for 2005 relate to the citrus crop designated as 2005-2006 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : All Farm Products : : 1910-14 = 100 : 2003 : 631 627 629 638 667 680 666 693 704 718 745 722 677 2004 : 708 733 771 791 816 815 783 766 739 724 732 709 757 2005 : 708 722 754 769 754 743 736 736 737 709 722 745 736 2006 : 717 721 721 708 706 747 751 761 759 736 761 768 738 2007 : 788 788 : : 1990-92 = 100 : 2003 : 99 99 99 100 105 107 105 109 111 113 117 114 107 2004 : 111 115 121 125 128 128 123 121 116 114 115 112 119 2005 : 112 114 119 121 119 117 116 116 116 112 114 117 116 2006 : 113 113 113 111 111 118 118 120 120 116 120 121 116 2007 : 124 124 : : All Crops : : 1910-14 = 100 : 2003 : 506 509 523 540 569 576 537 558 549 549 580 567 547 2004 : 557 590 597 605 606 607 584 589 565 549 551 516 576 2005 : 505 527 570 591 569 573 564 563 545 514 528 568 551 2006 : 535 559 581 593 590 623 625 619 601 570 606 632 595 2007 : 650 650 : : 1990-92 = 100 : 2003 : 103 103 106 109 115 117 109 113 111 111 118 115 111 2004 : 113 120 121 123 123 123 118 120 114 111 112 105 117 2005 : 102 107 116 120 115 116 114 114 111 104 107 115 112 2006 : 108 113 118 120 120 126 127 125 122 115 123 128 120 2007 : 132 132 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Food Grains : : 1910-14 = 100 : 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 : 361 347 352 347 347 344 341 342 352 357 361 372 352 2006 : 372 384 395 397 423 426 414 416 431 481 480 478 425 2007 : 473 473 : : 1990-92 = 100 : 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 : 114 109 111 109 109 108 107 108 111 112 114 117 111 2006 : 117 121 124 125 133 134 130 131 136 151 151 150 134 2007 : 149 149 : : Feed Grains and Hay : : 1910-14 = 100 : 2003 : 375 380 380 382 391 392 365 364 360 342 353 368 371 2004 : 376 404 421 445 454 438 405 389 362 344 331 333 392 2005 : 340 326 339 342 353 366 376 357 335 306 297 323 338 2006 : 329 343 350 363 384 390 394 383 380 414 458 480 389 2007 : 509 509 : : 1990-92 = 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 99 102 105 100 94 85 83 90 95 2006 : 92 96 98 101 107 109 110 107 106 116 128 134 109 2007 : 142 142 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Cotton : : 1910-14 = 100 : 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 : 325 324 341 350 335 354 347 356 374 410 410 406 361 2006 : 411 414 426 411 396 403 398 387 400 390 402 417 405 2007 : 418 418 : : 1990-92 = 100 : 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 : 80 81 83 80 77 79 78 76 78 76 79 81 79 2007 : 82 82 : : Tobacco 2/ : : 1910-14 = 100 : 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 1265 1265 1363 1363 1363 1363 1363 1363 1418 2006 :1363 1363 1363 1363 1363 1363 1392 1392 1392 1392 1392 1392 1378 2007 :1392 1392 : : 1990-92 = 100 : 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 84 84 90 90 90 90 90 90 94 2006 : 90 90 90 90 90 90 92 92 92 92 92 92 91 2007 : 92 92 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. 2/ Monthly prices discontinued July 2005. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Oil-Bearing Crops : : 1910-14 = 100 : 2003 : 540 548 550 571 594 597 570 552 529 607 664 692 585 2004 : 714 805 901 935 930 882 824 661 518 529 528 544 731 2005 : 548 539 587 594 610 648 653 599 509 531 539 561 577 2006 : 573 555 546 541 556 552 550 511 475 521 584 603 547 2007 : 628 628 : : 1990-92 = 100 : 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 99 107 108 111 119 119 109 93 97 98 102 105 2006 : 105 102 100 99 102 101 100 93 87 95 107 110 100 2007 : 115 115 : : Fruit and Nuts : : 1910-14 = 100 : 2003 : 548 551 605 664 744 809 843 871 880 880 832 680 742 2004 : 633 705 739 677 841 935 939 1008 1085 1166 1067 842 886 2005 : 807 868 810 718 822 944 949 1019 1059 1027 1002 862 907 2006 : 929 995 950 912 970 1205 1137 1149 1205 1254 1164 1125 1083 2007 :1093 1093 : : 1990-92 = 100 : 2003 : 79 79 87 95 107 116 121 125 126 126 119 97 106 2004 : 91 101 106 97 120 134 134 144 155 167 153 121 127 2005 : 116 124 116 103 118 135 136 146 152 147 144 123 130 2006 : 133 142 136 131 139 173 163 165 173 180 167 161 155 2007 : 157 157 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Commercial Vegetables : : 1910-14 = 100 : 2003 : 752 755 824 865 924 1015 797 920 964 959 1201 1059 920 2004 : 853 958 771 880 746 738 703 882 898 1065 1087 799 865 2005 : 633 813 1119 1231 892 840 742 768 856 862 947 1406 926 2006 : 882 832 1000 996 825 880 933 981 1074 859 796 1002 922 2007 :1062 1062 : : 1990-92 = 100 : 2003 : 112 113 123 129 138 152 119 138 144 143 180 159 138 2004 : 128 143 115 132 112 110 105 132 134 159 163 120 129 2005 : 95 122 167 184 133 126 111 115 128 129 142 210 139 2006 : 132 125 150 149 123 132 140 147 161 128 119 150 138 2007 : 159 159 : : Potatoes and Dry Beans : : 1910-14 = 100 : 2003 : 533 554 567 592 590 559 570 483 458 443 479 493 527 2004 : 488 504 530 569 558 558 552 495 485 444 477 506 514 2005 : 534 535 578 566 576 572 622 574 491 472 532 574 552 2006 : 596 623 684 671 679 717 902 672 542 520 579 596 648 2007 : 606 606 : : 1990-92 = 100 : 2003 : 105 110 112 117 117 110 113 96 90 87 95 97 104 2004 : 96 100 105 112 110 110 109 98 96 88 94 100 102 2005 : 106 106 114 112 114 113 123 113 97 93 105 113 109 2006 : 118 123 135 133 134 142 178 133 107 103 114 118 128 2007 : 120 120 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Crops : : 1910-14 = 100 : 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 : 586 586 586 586 586 586 586 586 586 586 586 586 586 2007 : 586 586 : : 1990-92 = 100 : 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 : 119 119 119 119 119 119 119 119 119 119 119 119 119 2007 : 119 119 : : Food Commodities : : 1990-92 = 100 : 2003 : 97 96 96 98 104 106 104 110 112 116 122 116 106 2004 : 112 116 123 126 131 131 126 124 119 118 122 117 122 2005 : 116 118 123 125 122 119 118 119 120 117 121 125 120 2006 : 118 116 115 112 111 119 120 123 123 117 121 122 118 2007 : 123 123 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Products : : 1910-14 = 100 : 2003 : 735 728 715 717 740 758 775 809 847 887 895 859 789 2004 : 842 859 934 967 1021 1020 981 933 908 902 916 918 933 2005 : 932 915 930 937 931 901 901 901 936 933 927 918 922 2006 : 902 871 844 803 799 845 848 881 897 894 892 867 862 2007 : 887 887 : : 1990-92 = 100 : 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 : 121 119 121 122 121 117 117 117 122 122 121 120 120 2006 : 118 114 110 105 104 110 111 115 117 117 116 113 113 2007 : 116 116 : : Meat Animals : : 1910-14 = 100 : 2003 : 946 963 946 972 1014 1027 1025 1054 1100 1169 1179 1123 1043 2004 :1058 1060 1134 1151 1232 1248 1234 1226 1205 1202 1201 1193 1179 2005 :1226 1214 1241 1273 1273 1205 1172 1177 1206 1230 1222 1230 1222 2006 :1237 1219 1170 1132 1134 1181 1185 1214 1229 1199 1145 1113 1180 2007 :1122 1122 : : 1990-92 = 100 : 2003 : 93 95 93 96 100 101 101 104 108 115 116 110 103 2004 : 104 104 112 113 121 123 121 121 119 118 118 117 116 2005 : 121 119 122 125 125 119 115 116 119 121 120 121 120 2006 : 122 120 115 111 112 116 117 119 121 118 113 109 116 2007 : 110 110 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Dairy Products : : 1910-14 = 100 : 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 : 989 946 953 934 903 885 910 910 940 959 928 910 931 2006 : 891 830 774 744 737 731 725 737 793 830 854 866 793 2007 : 885 885 : : 1990-92 = 100 : 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 : 123 118 119 116 113 110 113 113 117 119 116 113 116 2006 : 111 103 96 93 92 91 90 92 99 103 106 108 99 2007 : 110 110 : : Poultry and Eggs : : 1910-14 = 100 : 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 : 343 338 342 341 344 345 353 350 377 351 358 345 349 2006 : 319 305 317 287 284 327 325 349 351 349 375 351 328 2007 : 377 377 : : 1990-92 = 100 : 2003 : 108 104 104 99 103 109 109 112 115 118 124 121 111 2004 : 133 139 147 139 141 146 145 130 117 115 118 118 132 2005 : 122 120 122 121 122 123 126 125 134 125 127 123 124 2006 : 114 109 113 102 101 116 116 124 125 124 133 125 117 2007 : 134 134 -------------------------------------------------------------------------------- 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 2007 is 92.1, up 0.6 points from 2006. The parity price for all milk sold to plants is $38.80 per cwt. This price multiplied by 92.1 percent, results in $35.70 per cwt as the parity price equivalent for manufacturing milk of average milkfat content. In 2006, the simple average of monthly fat tests for manufacturing grade milk was 3.93 percent. The fat test ranged from a low of 3.71 in July to a high of 4.12 percent in December. Average price January 1997 - December 2006 a. Manufacturing grade milk 12.80 b. All milk sold at wholesale to plants and dealers 13.90 c. Ratio a/b . . . . . . . 92.1 Parity price equivalent for manufacturing grade milk - United States a. January 2006 . . . . . . 34.70 b. December 2006 . . . . . 35.40 c. January 2007 . . . . . . 35.70 Manufacturing Grade Milk: Average Price Per Cwt Received 1/, by Month, United States, January 1997-December 2006 -------------------------------------------------------------------------------- : : : : : : : : : : : : Year : Jan : Feb : Mar : Apr : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec : : : : : : : : : : : : -------------------------------------------------------------------------------- : : Dollars : 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 :15.30 14.90 14.70 14.70 14.00 14.00 14.10 13.80 14.70 14.80 14.30 14.40 2006 :14.00 12.60 11.50 11.30 11.30 11.30 10.80 11.10 12.30 12.70 13.60 13.80 -------------------------------------------------------------------------------- 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 152 (1990-92=100), increased 1.3 percent from December 2006 and 2.7 percent from January 2006. PRODUCTION INDEX: The January index, at 149, increased 1.4 percent from last month and increased 2.8 percent from last year. Higher prices in January for complete feeds, other services, feed supplements, and feed grains more than offset lower prices for diesel fuel, feeder cattle, cash rent, and LP gas. Feed: The January index, at 154, increased 5.5 percent from December and 26 percent from last January. Since December, higher prices for complete feeds, feed supplements, feed grains, and hay & forages more than offset lower prices for feed concentrates. Livestock & Poultry: The January index, at 122, decreased 0.8 percent from last month and 14 percent from last year. Since December, lower prices for feeder cattle more than offset higher prices for feeder pigs. The January feeder cattle price, at $99.30 per cwt, is down $2.20 per cwt from the December price. January feeder pigs averaged $144.00 per cwt, up $12.00 per cwt from December. Fertilizer: The January index, at 173, is up 2.4 percent from December but 8.5 percent below January a year ago. Since December, prices are higher for nitrogen fertilizers, mixed fertilizers, and potash & phosphate materials. Agricultural Chemicals: The January index, at 128, decreased 0.8 percent from December but increased 0.8 percent from last January. Since December, prices are lower for herbicides, insecticides, and fungicides. Fuels: The January index, at 218, is down 3.5 percent from a month earlier and 1.4 percent below January 2006. Compared with last month, prices are lower for diesel fuel, LP gas, and gasoline. Farm Machinery: The January index, at 183, is unchanged from December but 2.8 percent above last January. CONSUMER PRICE INDEX: The December 2006 Consumer Price Index for all urban consumers (CPI-U) increased 0.1 percent before seasonal adjustment to a level of 201.8 (1982-84=100). This compares with the November index of 201.5. For the 12-month period ending in December, the overall index has increased 2.5 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, January 2007 With Comparisons -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2006 : 2007 : 2006 : 2007 Ratios :---------------------------------------------- : Jan : Dec : Jan : Jan : Dec : Jan : Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1,967 1,995 2,022 148 150 152 Production : 1,404 1,431 1,448 145 147 149 Feed : 594 715 754 122 146 154 Livestock and Poultry : 1,815 1,576 1,564 142 123 122 Seeds : 1,694 1,838 1,838 171 186 186 Fertilizer : 691 621 635 189 169 173 Agricultural Chemicals : 783 798 793 127 129 128 Fuels : 1,704 1,742 1,685 221 226 218 Farm Supplies & Repairs : 1,014 1,037 1,037 143 146 146 Autos & Trucks : 3,036 2,967 2,975 114 112 112 Farm Machinery : 4,458 4,580 4,579 178 183 183 Building Material : 2,013 2,072 2,070 148 153 152 Farm Services & Rent : 1,560 1,569 1,580 Farm Services : 136 138 140 Rent : 121 121 119 Interest 1/ : 3,452 3,452 3,778 138 138 151 Taxes 2/ : 4,343 4,343 4,570 162 162 171 Wage Rates : 6,526 6,429 6,429 174 172 172 Production, Interest, Taxes, : & Wage Rates (PITW) : 1,986 2,013 2,045 148 150 152 Family Living-CPI 3/ : 1,883 1,917 1,917 147 150 150 : : :---------------------------------------------- Ratio (Received\Paid) : 76 81 82 Parity Ratio 4/ : 36 38 39 Parity Ratio Adjusted 5/ : 39 41 41 PPITW Adjusted for : Productivity 6/ : 1334 1337 1334 : : :---------------------------------------------- Crop Sector (PPITW) : 152 153 154 Livestock Sector (PPITW) : 143 147 149 : : :---------------------------------------------- Farm Sector (Production) : 137 145 149 Non-Farm Sector (Production) : 149 149 150 -------------------------------------------------------------------------------- 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 2007 and the revised factor is 1.096 for 2006. 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 2007 With Comparisons -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 1/ : 2006 : 2007 :----------------------------------------------------- : 2006 : 2007 : Jan : Dec : Jan -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 66.8 67.4 145 147 149 : Feed : 10.9 10.9 122 146 154 Feed Grains : 1.6 1.6 87 133 142 Complete Feeds : 5.3 5.3 122 142 152 Hay/Forages : 1.4 1.4 123 144 148 Concentrates : 1.7 1.7 132 146 145 Supplements : 0.9 0.9 154 199 219 Livestock & Poultry : 7.6 7.7 142 123 122 Feeder Cattle : 6.0 6.0 139 120 117 Feeder Pigs : 0.6 0.6 174 144 157 Milk Cow Replacements : 0.6 0.6 163 146 147 Poultry : 0.5 0.5 109 109 109 Seeds : 3.6 3.7 171 186 186 Field Crops : 3.3 3.4 177 191 191 Grasses/Legumes : 0.3 0.4 118 133 133 Fertilizer : 4.3 4.4 189 169 173 Mixed Fertilizer : 1.9 1.9 149 149 151 Nitrogen : 1.8 1.8 236 192 198 Potash & Phosphate : 0.6 0.6 168 164 167 Agricultural Chemicals : 3.5 3.4 127 129 128 Herbicides : 2.2 2.2 121 125 124 Insecticides : 0.8 0.8 142 143 142 Fungicides/Other : 0.5 0.5 124 126 125 Fuels : 2.9 3.1 221 226 218 Diesel : 1.7 1.9 236 248 238 Gasoline : 0.8 0.7 192 189 185 LP Gas : 0.4 0.4 217 207 187 Farm Supplies & Repairs : 5.0 4.8 143 146 146 Supplies : 1.7 1.6 134 139 139 Repairs : 3.3 3.2 147 150 150 Autos & Trucks : 1.8 1.8 114 112 112 Autos : 0.2 0.2 110 110 110 Trucks : 1.6 1.6 115 112 112 Farm Machinery : 4.4 4.5 178 183 183 Tractors : 1.0 1.0 158 163 163 Self-Propelled : 1.7 1.8 185 189 189 Other Machinery : 1.7 1.7 182 187 187 Building Materials : 4.0 4.3 148 153 152 Farm Services : 12.2 12.2 136 138 140 Custom Rates : 1.3 1.3 123 123 123 Other Services : 10.9 10.9 138 139 142 Rent : 6.7 6.7 121 121 119 Cash : 3.6 3.6 144 144 140 Share : 3.1 3.1 95 95 95 Interest : 4.2 4.0 138 138 151 Taxes : 2.9 2.9 162 162 171 Wage Rates : 7.8 7.8 174 172 172 Family Living-CPI : 18.4 18.0 147 150 150 -------------------------------------------------------------------------------- 1/ Weights may not add due to rounding. Feed Price Ratios: United States, January 2007 with Comparisons -------------------------------------------------------------------------------- : 2006 : 2007 Feed Price Ratio 1/ :----------------------------- : Jan : Dec : Jan -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 6.1 5.4 5.5 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 8.5 10.1 11.3 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 20.4 *14.5 12.8 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 3.17 *2.41 2.34 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 51.0 *29.7 28.0 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 7.0 6.0 5.4 -------------------------------------------------------------------------------- * 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 2007 with Comparisons -------------------------------------------------------------------------------- : : 2006 : 2007 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.380 0.400 0.430 Eggs, Market : Doz : 0.438 0.665 0.788 : : Hogs, All : Cwt : 40.70 43.50 41.40 Milk, All : Cwt : 14.50 14.10 14.40 : : Steers and Heifers : Cwt : 102.00 89.30 90.30 Turkeys, Live : Lb : 0.408 0.434 0.408 : : Corn : Bu : 2.00 3.01 3.23 Hay, Alfalfa, Baled : Ton : 96.40 112.00 115.00 : : Soybeans : Bu : 5.87 6.18 6.42 Wheat, All : Bu : 3.52 4.51 4.50 -------------------------------------------------------------------------------- Feeder Livestock: Prices Paid, United States January 2007 with Comparisons -------------------------------------------------------------------------------- : : 2006 : 2007 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 117.70 *101.50 99.30 Feeder Pigs : Cwt : 160.00 *132.00 144.00 -------------------------------------------------------------------------------- * Revised. Grazing Fee Rates for Cattle by Selected States and Regions -------------------------------------------------------------------------------- : Survey Average Rates 1/ :-------------------------------------------------------------- State : Animal Unit 2/ : Cow-Calf : Per Head :-------------------------------------------------------------- : 2005 : 2006 : 2005 : 2006 : 2005 : 2006 -------------------------------------------------------------------------------- : Dollars per Month : AZ : 8.00 8.00 7/ 7/ 9.50 10.00 : CA : 15.40 16.50 20.50 21.00 17.00 17.00 : CO : 14.50 14.50 16.00 16.00 14.30 15.00 : ID : 12.50 12.80 14.60 15.00 13.00 13.50 : KS : 13.50 13.50 16.50 16.50 14.00 14.00 : MT : 16.20 16.20 18.70 18.70 17.30 18.30 : NE : 22.50 24.00 27.50 28.50 25.00 26.00 : NV : 12.20 13.00 12.50 13.50 12.50 13.00 : NM : 9.50 10.00 11.50 12.00 10.80 11.50 : ND : 13.70 14.50 16.00 16.00 14.50 15.00 : OK : 8.00 8.30 10.00 10.50 8.00 8.50 : OR : 13.00 12.50 15.70 15.00 12.80 12.80 : SD : 18.40 20.30 21.90 24.00 19.50 21.00 : TX : 9.40 10.00 9.00 10.00 9.90 9.90 : UT : 11.60 11.70 13.60 14.60 13.00 13.50 : WA : 9.70 9.60 12.50 12.00 12.20 12.20 : WY : 14.80 15.10 17.00 17.30 15.50 15.80 : 17-State 3/ : 13.20 13.80 15.20 15.80 14.00 14.40 : 16-State 4/ : 14.60 15.20 17.60 18.00 15.60 16.20 : 11-State 5/ : 13.70 13.90 16.20 16.40 14.60 15.10 : 9-State 6/ : 13.00 13.70 14.80 15.60 13.80 14.20 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : 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 : 2003 :1678 1687 1692 1694 1691 1692 1686 1686 1704 1714 1719 1715 1697 2004 :1728 1735 1753 1770 1787 1791 1790 1784 1785 1796 1793 1784 1775 2005 :1839 1843 1863 1879 1877 1884 1887 1896 1917 1935 1918 1922 1888 2006 :1967 1960 1963 1972 1980 1987 1989 1990 1983 1973 1980 1995 1978 2007 :2022 2022 : : 1990-92 = 100 : 2003 : 126 127 127 127 127 127 127 127 128 129 129 129 128 2004 : 130 130 132 133 134 135 134 134 134 135 135 134 133 2005 : 138 138 140 141 141 141 142 142 144 145 144 144 142 2006 : 148 147 147 148 149 149 149 149 149 148 149 150 149 2007 : 152 152 : : Items Used for Production, Interest, Taxes, and Wage Rates : (PITW) : : 1910-14 = 100 : 2003 :1668 1675 1679 1683 1680 1681 1673 1671 1692 1704 1711 1708 1685 2004 :1720 1728 1747 1767 1785 1789 1788 1780 1781 1792 1788 1779 1770 2005 :1845 1847 1869 1886 1884 1892 1894 1903 1923 1945 1927 1934 1896 2006 :1986 1976 1977 1985 1993 2000 2002 2002 1995 1985 1995 2013 1992 2007 :2045 2045 : : 1990-92 = 100 : 2003 : 124 125 125 125 125 125 124 124 126 127 127 127 125 2004 : 128 129 130 132 133 133 133 133 133 133 133 132 132 2005 : 137 138 139 140 140 141 141 142 143 145 143 144 141 2006 : 148 147 147 148 148 149 149 149 149 148 149 150 148 2007 : 152 152 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Items Used for Production : : 1910-14 = 100 : 2003 :1183 1190 1193 1200 1197 1197 1196 1194 1213 1220 1227 1223 1203 2004 :1226 1232 1250 1271 1287 1290 1293 1286 1287 1291 1287 1279 1273 2005 :1302 1304 1323 1346 1345 1352 1353 1361 1379 1394 1378 1384 1352 2006 :1404 1396 1397 1410 1417 1423 1426 1426 1420 1407 1415 1431 1414 2007 :1448 1448 : : 1990-92 = 100 : 2003 : 122 123 123 124 123 123 123 123 125 126 126 126 124 2004 : 126 127 129 131 133 133 133 133 133 133 133 132 131 2005 : 134 134 136 139 139 139 139 140 142 144 142 143 139 2006 : 145 144 144 145 146 147 147 147 146 145 146 147 146 2007 : 149 149 : : Feed : : 1910-14 = 100 : 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 : 545 538 559 569 577 589 596 593 579 572 562 576 571 2006 : 594 591 599 602 604 601 606 599 597 625 681 715 618 2007 : 754 754 : : 1990-92 = 100 : 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 : 112 110 115 116 118 121 122 122 119 117 115 118 117 2006 : 122 121 123 123 124 123 124 123 122 128 140 146 127 2007 : 154 154 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Poultry : : 1910-14 = 100 : 2003 :1340 1298 1254 1308 1303 1322 1353 1371 1492 1604 1564 1521 1394 2004 :1441 1405 1472 1548 1615 1715 1740 1756 1766 1798 1752 1706 1643 2005 :1698 1695 1752 1819 1783 1752 1682 1697 1752 1818 1823 1828 1758 2006 :1815 1764 1704 1665 1651 1708 1706 1720 1760 1681 1571 1576 1693 2007 :1564 1564 : : 1990-92 = 100 : 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 : 133 133 137 142 140 137 132 133 137 142 143 143 138 2006 : 142 138 133 130 129 134 133 135 138 132 123 123 133 2007 : 122 122 : : Seeds : : 1910-14 = 100 : 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 1694 1838 1838 1838 1838 1838 1838 1838 1838 1838 1802 2007 :1838 1838 : : 1990-92 = 100 : 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 : 171 171 171 186 186 186 186 186 186 186 186 186 182 2007 : 186 186 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fertilizer : : 1910-14 = 100 : 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 : 562 564 565 579 586 591 588 590 609 641 659 679 601 2006 : 691 673 664 659 648 635 622 616 619 610 607 621 639 2007 : 635 635 : : 1990-92 = 100 : 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 : 153 154 154 158 160 161 160 161 166 175 180 185 164 2006 : 189 183 181 180 177 173 170 168 169 166 166 169 174 2007 : 173 173 : : Agricultural Chemicals : : 1910-14 = 100 : 2003 : 752 752 744 746 746 747 746 746 745 748 753 744 747 2004 : 746 749 749 745 746 748 753 744 745 741 741 743 746 2005 : 753 745 746 747 750 754 759 770 777 783 788 777 762 2006 : 783 783 781 777 797 795 797 799 812 799 802 798 794 2007 : 793 793 : : 1990-92 = 100 : 2003 : 122 122 120 121 121 121 121 121 121 121 122 120 121 2004 : 121 121 121 121 121 121 122 120 120 120 120 120 121 2005 : 122 120 121 121 121 122 123 124 126 127 127 126 123 2006 : 127 127 126 126 129 129 129 129 131 129 130 129 128 2007 : 128 128 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fuels : : 1910-14 = 100 : 2003 :1061 1192 1226 1105 1041 1037 1035 1074 1067 1061 1043 1049 1083 2004 :1113 1103 1134 1168 1242 1231 1249 1307 1336 1484 1493 1387 1271 2005 :1361 1416 1555 1624 1547 1581 1652 1758 2002 2091 1741 1694 1669 2006 :1704 1679 1743 1882 1987 1995 2043 2079 1867 1687 1698 1742 1842 2007 :1685 1685 : : 1990-92 = 100 : 2003 : 137 154 159 143 135 134 134 139 138 138 135 136 140 2004 : 144 143 147 151 161 159 162 169 173 192 193 180 165 2005 : 176 183 201 210 200 205 214 228 259 271 226 219 216 2006 : 221 218 226 244 257 259 265 269 242 219 220 226 239 2007 : 218 218 : : Farm Supplies and Repairs : : 1910-14 = 100 : 2003 : 914 915 915 920 920 920 924 924 924 928 926 927 921 2004 : 937 938 936 944 945 946 949 949 955 959 960 964 948 2005 : 980 981 981 989 991 991 993 1002 1003 1006 1011 1012 995 2006 :1014 1018 1020 1027 1028 1028 1033 1034 1034 1035 1036 1037 1029 2007 :1037 1037 : : 1990-92 = 100 : 2003 : 129 129 129 130 130 130 130 130 130 131 131 131 130 2004 : 132 132 132 133 133 133 134 134 135 135 135 136 134 2005 : 138 138 138 139 140 140 140 141 141 142 142 143 140 2006 : 143 143 144 145 145 145 146 146 146 146 146 146 145 2007 : 146 146 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Autos and Trucks : : 1910-14 = 100 : 2003 :3003 2991 2993 2979 2966 2949 2936 2938 2931 2934 2956 2966 2962 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 :3036 3040 3031 3019 2999 2985 2976 2961 2952 2963 2958 2967 2991 2007 :2975 2975 : : 1990-92 = 100 : 2003 : 113 112 113 112 112 111 110 110 110 110 111 112 111 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 : 114 114 114 114 113 112 112 111 111 111 111 112 112 2007 : 112 112 : : Farm Machinery : : 1910-14 = 100 : 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 4301 4314 4331 4350 4363 4376 4399 4415 4330 2006 :4458 4477 4496 4511 4531 4531 4540 4547 4546 4548 4580 4580 4529 2007 :4579 4579 : : 1990-92 = 100 : 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 : 169 171 171 171 171 172 173 173 174 174 175 176 173 2006 : 178 178 179 180 181 181 181 181 181 181 183 183 181 2007 : 183 183 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Building Materials : : 1910-14 = 100 : 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 1959 1976 1986 1930 2006 :2013 2022 2028 2041 2057 2068 2079 2084 2092 2086 2075 2072 2060 2007 :2070 2070 : : 1990-92 = 100 : 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 : 139 141 141 141 141 141 141 141 142 144 145 146 142 2006 : 148 149 149 150 151 152 153 153 154 154 153 153 152 2007 : 152 152 : : Farm Services and Rent 2/ : : 1910-14 = 100 : 2003 :1469 1469 1470 1473 1474 1483 1485 1485 1485 1475 1470 1470 1476 2004 :1458 1458 1459 1460 1464 1475 1475 1479 1478 1470 1466 1470 1468 2005 :1517 1518 1518 1521 1525 1538 1540 1540 1542 1536 1536 1534 1530 2006 :1560 1561 1564 1565 1568 1584 1584 1585 1586 1573 1570 1569 1572 2007 :1580 1580 : : Farm Services : : 1990-92 = 100 : 2003 : 123 124 124 124 124 125 126 126 126 124 124 124 125 2004 : 127 127 127 127 127 129 129 129 129 128 128 128 128 2005 : 130 130 130 131 131 133 133 133 133 133 133 132 132 2006 : 136 137 137 137 138 140 140 140 140 138 138 138 138 2007 : 140 140 : : Rent : : 1990-92 = 100 : 2003 : 123 123 123 123 123 123 123 123 123 123 123 123 123 2004 : 115 115 115 115 115 115 115 115 115 115 115 115 115 2005 : 123 123 123 123 123 123 123 123 123 123 123 123 123 2006 : 121 121 121 121 121 121 121 121 121 121 121 121 121 2007 : 119 119 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Interest : : 1910-14 = 100 : 2003 :2377 2377 2377 2377 2377 2377 2377 2377 2377 2377 2377 2377 2377 2004 :2411 2411 2411 2411 2411 2411 2411 2411 2411 2411 2411 2411 2411 2005 :2979 2979 2979 2979 2979 2979 2979 2979 2979 2979 2979 2979 2979 2006 :3452 3452 3452 3452 3452 3452 3452 3452 3452 3452 3452 3452 3452 2007 :3778 3778 : : 1990-92 = 100 : 2003 : 95 95 95 95 95 95 95 95 95 95 95 95 95 2004 : 96 96 96 96 96 96 96 96 96 96 96 96 96 2005 : 119 119 119 119 119 119 119 119 119 119 119 119 119 2006 : 138 138 138 138 138 138 138 138 138 138 138 138 138 2007 : 151 151 : : Taxes : : 1910-14 = 100 : 2003 :3450 3450 3450 3450 3450 3450 3450 3450 3450 3450 3450 3450 3450 2004 :3426 3426 3426 3426 3426 3426 3426 3426 3426 3426 3426 3426 3426 2005 :4131 4131 4131 4131 4131 4131 4131 4131 4131 4131 4131 4131 4131 2006 :4343 4343 4343 4343 4343 4343 4343 4343 4343 4343 4343 4343 4343 2007 :4570 4570 : : 1990-92 = 100 : 2003 : 129 129 129 129 129 129 129 129 129 129 129 129 129 2004 : 128 128 128 128 128 128 128 128 128 128 128 128 128 2005 : 154 154 154 154 154 154 154 154 154 154 154 154 154 2006 : 162 162 162 162 162 162 162 162 162 162 162 162 162 2007 : 171 171 : : Wage Rates : : 1910-14 = 100 : 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 :6526 6526 6526 6319 6326 6326 6281 6281 6281 6429 6429 6429 6390 2007 :6429 6429 : : 1990-92 = 100 : 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 : 174 174 174 169 169 169 168 168 168 172 172 172 171 2007 : 172 172 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Family Living : : 1910-14 = 100 : 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 :1883 1887 1898 1914 1923 1927 1933 1937 1927 1917 1914 1917 1915 2007 :1917 1917 : : 1990-92 = 100 : 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 : 147 147 148 149 150 151 151 151 151 150 149 150 150 2007 : 150 150 : : Production Items With Farm Origin 2/ : : 1990-92 = 100 : 2003 : 115 115 113 116 117 117 116 115 120 123 125 124 118 2004 : 122 123 126 132 135 136 136 132 130 129 126 124 129 2005 : 127 126 129 134 134 134 133 133 133 135 134 135 132 2006 : 137 135 134 136 136 137 137 137 138 139 141 145 138 2007 : 149 149 : : Production Items With Non-Farm Origin 3/ : : 1990-92 = 100 : 2003 : 125 126 127 127 126 126 126 127 127 127 127 127 127 2004 : 128 129 130 131 131 132 132 133 134 135 136 135 132 2005 : 138 139 140 141 141 142 142 144 146 148 146 146 143 2006 : 149 148 149 150 151 151 152 152 151 148 148 149 150 2007 : 150 150 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Parity Ratio 2/ : : 1910-14 = 100 : 2003 : 38 37 37 38 39 40 40 41 41 42 43 42 40 2004 : 41 42 44 45 46 46 44 43 41 40 41 40 43 2005 : 38 39 40 41 40 39 39 39 38 37 38 39 39 2006 : 36 37 37 36 36 38 38 38 38 37 38 38 37 2007 : 39 39 : : Adjusted Parity Ratio 3/ : : 1910-14 = 100 : 2003 : 40 40 40 41 42 43 43 44 44 45 47 45 43 2004 : 43 45 46 47 48 48 46 45 44 43 43 42 45 2005 : 42 43 45 45 44 43 43 43 42 40 41 43 43 2006 : 39 39 39 38 38 40 40 41 41 40 41 41 40 2007 : 41 41 : : Ratio : : 1990-92 = 100 : 2003 : 79 78 78 79 83 84 83 86 87 88 91 88 84 2004 : 85 88 92 94 96 95 92 90 87 84 85 84 89 2005 : 81 83 85 86 84 83 82 82 81 77 79 81 82 2006 : 76 77 77 75 74 79 79 81 81 78 81 81 78 2007 : 82 82 -------------------------------------------------------------------------------- 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, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Crop Sector (PPITW) : : 1990-92 = 100 : 2003 : 129 130 131 131 131 131 130 130 131 131 131 131 131 2004 : 133 133 134 134 135 135 135 135 136 137 137 137 135 2005 : 142 142 143 144 144 145 145 146 148 149 148 148 145 2006 : 152 151 152 153 154 154 154 154 153 152 152 153 153 2007 : 154 154 : : Livestock Sector (PPITW) : : 1990-92 = 100 : 2003 : 123 123 123 123 123 123 123 122 125 126 127 126 124 2004 : 127 127 129 132 134 134 134 132 132 132 131 130 131 2005 : 134 134 136 138 138 138 138 139 140 141 140 140 138 2006 : 143 143 143 143 144 144 145 145 144 144 145 147 144 2007 : 149 149 : : Commodities and Services, Interest, Taxes, and Wage Rates : : Adjusted for Productivity : : 1910-14 = 100 : 2003 :1153 1156 1159 1151 1150 1150 1137 1138 1142 1151 1151 1150 1149 2004 :1196 1199 1204 1199 1204 1205 1196 1195 1196 1212 1211 1209 1202 2005 :1272 1274 1279 1264 1263 1265 1268 1271 1278 1292 1287 1287 1275 2006 :1334 1334 1336 1324 1328 1329 1327 1328 1325 1333 1334 1337 1331 2007 :1334 1334 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Feed Sub-Components : : Feed Grains : 1990-92 = 100 : 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 : 87 88 90 93 96 95 97 94 97 113 127 133 101 2007 : 142 142 : : Complete Feeds : 1990-92 = 100 : 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 : 111 112 114 116 118 119 121 123 120 119 115 117 117 2006 : 122 121 122 121 120 120 121 121 120 123 133 142 124 2007 : 152 152 : : Hay and Forages : 1990-92 = 100 : 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 : 115 115 121 128 136 125 126 127 127 126 122 122 124 2006 : 123 127 130 138 146 141 139 138 140 141 141 144 137 2007 : 148 148 : : Concentrates : 1990-92 = 100 : 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 : 114 113 122 124 128 140 138 136 129 128 126 133 128 2006 : 132 131 131 130 129 129 128 126 121 129 147 146 132 2007 : 145 145 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Supplements : 1990-92 = 100 : 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 : 146 135 142 140 133 137 141 137 136 138 145 151 140 2006 : 154 151 157 153 150 150 158 151 149 164 181 199 160 2007 : 219 219 : : Livestock and Poultry Sub-Components : : Feeder Cattle : 1990-92 = 100 : 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 : 128 128 133 138 137 137 132 134 138 143 142 141 136 2006 : 139 135 129 127 127 133 135 137 140 132 120 120 131 2007 : 117 117 : : Feeder Pigs : 1990-92 = 100 : 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 : 174 163 163 150 137 134 122 114 125 125 133 144 140 2007 : 157 157 : : Milk Cow Replacements : 1990-92 = 100 : 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 : 163 163 163 157 157 157 149 149 149 146 146 146 154 2007 : 147 147 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Poultry : 1990-92 = 100 : 2003 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2004 : 112 112 112 112 112 112 112 112 112 112 112 112 112 2005 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2006 : 109 109 109 109 109 109 109 109 109 109 109 109 109 2007 : 109 109 : : Seeds Sub-Components : : Field Crops : 1990-92 = 100 : 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 : 177 177 177 191 191 191 191 191 191 191 191 191 188 2007 : 191 191 : : Grasses and Legumes : 1990-92 = 100 : 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 : 118 118 118 133 133 133 133 133 133 133 133 133 129 2007 : 133 133 : : Fertilizer Sub-Components : : Mixed Fertilizer : 1990-92 = 100 : 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 : 133 133 134 135 136 135 137 138 143 146 147 148 139 2006 : 149 149 149 151 150 150 150 150 150 147 148 149 149 2007 : 151 151 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Nitrogen : 1990-92 = 100 : 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 : 176 176 176 183 187 189 185 185 192 210 220 232 193 2006 : 236 226 220 213 209 201 192 188 191 189 186 192 204 2007 : 198 198 : : Potash and Phosphate : 1990-92 = 100 : 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 : 150 152 152 155 155 160 160 162 160 160 161 163 158 2006 : 168 162 167 171 165 165 166 164 161 161 161 164 165 2007 : 167 167 : : Agricultural Chemicals Sub-Components : : Herbicides : 1990-92 = 100 : 2003 : 112 112 112 112 112 112 112 112 112 113 114 112 112 2004 : 113 113 114 113 113 113 114 113 113 112 112 112 113 2005 : 114 113 113 113 114 114 116 118 119 120 121 120 116 2006 : 121 122 122 121 125 124 125 125 127 125 125 125 124 2007 : 124 124 : : Insecticides : 1990-92 = 100 : 2003 : 145 146 146 147 147 147 147 146 146 146 147 145 146 2004 : 145 145 144 143 143 144 145 143 143 142 142 143 144 2005 : 145 143 143 143 143 143 143 144 145 145 145 142 144 2006 : 142 142 140 139 143 142 143 143 145 143 143 143 142 2007 : 142 142 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fungicides and Other : 1990-92 = 100 : 2003 : 125 126 114 115 115 115 115 115 115 116 117 116 117 2004 : 116 117 117 116 117 117 118 117 118 117 117 118 117 2005 : 120 119 119 120 120 120 121 123 124 125 125 123 122 2006 : 124 124 124 123 126 126 126 126 129 126 127 126 126 2007 : 125 125 : : Fuels Sub-Components : : Diesel : 1990-92 = 100 : 2003 : 134 150 156 141 133 130 131 135 133 134 133 133 137 2004 : 138 141 144 149 156 154 158 168 177 199 202 190 165 2005 : 187 195 215 224 215 223 231 242 273 299 248 235 232 2006 : 236 237 244 259 275 276 279 290 265 240 242 248 258 2007 : 238 238 : : Gasoline : 1990-92 = 100 : 2003 : 127 141 148 140 132 131 132 141 145 135 131 127 136 2004 : 135 141 148 152 168 167 162 160 159 170 169 158 157 2005 : 157 164 178 192 184 183 194 209 243 227 188 182 192 2006 : 192 188 199 224 237 235 243 241 209 184 183 189 210 2007 : 185 185 : : LP Gas : 1990-92 = 100 : 2003 : 173 201 192 158 149 159 152 153 146 159 152 163 163 2004 : 188 157 157 158 170 167 178 197 186 212 211 182 180 2005 : 173 176 195 191 174 174 187 205 238 247 211 235 201 2006 : 217 200 207 220 224 236 250 245 216 203 206 207 219 2007 : 187 187 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Supplies & Repairs Sub-Components : : Supplies : 1990-92 = 100 : 2003 : 118 118 118 118 118 118 119 119 119 119 119 119 119 2004 : 120 120 120 120 121 121 121 122 122 123 123 123 121 2005 : 124 124 125 126 127 127 127 131 131 132 133 134 128 2006 : 134 134 135 136 136 137 137 138 138 139 139 139 137 2007 : 139 139 : : Repairs : 1990-92 = 100 : 2003 : 134 134 135 135 136 136 136 136 136 137 136 136 136 2004 : 138 138 138 139 139 139 140 140 141 141 141 142 140 2005 : 145 145 145 146 146 146 146 146 146 147 147 147 146 2006 : 147 148 148 149 149 149 150 150 150 150 150 150 149 2007 : 150 150 : : Autos and Trucks Sub-Components : : Autos : 1990-92 = 100 : 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 : 110 110 110 109 109 109 109 108 109 109 109 110 109 2007 : 110 110 : : Trucks : 1990-92 = 100 : 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 : 115 115 115 114 113 113 112 112 111 112 112 112 113 2007 : 112 112 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Farm Machinery Sub-Components : : Tractors : 1990-92 = 100 : 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 : 158 159 159 159 161 161 163 162 160 161 163 163 161 2007 : 163 163 : : Self Propelled : 1990-92 = 100 : 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 : 176 176 176 176 177 178 178 180 180 181 182 182 179 2006 : 185 185 186 187 188 188 188 188 188 188 189 189 187 2007 : 189 189 : : Other Machinery : 1990-92 = 100 : 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 : 172 176 176 175 176 176 177 178 178 179 179 180 177 2006 : 182 183 184 185 185 185 185 186 186 186 187 187 185 2007 : 187 187 : : Farm Services Sub-Components : : Custom Rates : 1990-92 = 100 : 2003 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2004 : 120 120 120 120 120 120 120 120 120 120 120 120 120 2005 : 121 121 121 121 121 121 121 121 121 121 121 121 121 2006 : 123 123 123 123 123 123 123 123 123 123 123 123 123 2007 : 123 123 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2003-2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Services : 1990-92 = 100 : 2003 : 123 123 123 124 124 125 126 126 126 124 124 124 124 2004 : 128 128 128 128 128 130 130 131 130 129 129 129 129 2005 : 131 131 131 132 132 134 135 135 135 134 134 134 133 2006 : 138 138 139 139 139 142 141 142 142 140 140 139 140 2007 : 142 142 : : Rent Sub-Components : : Cash : 1990-92 = 100 : 2003 : 147 147 147 147 147 147 147 147 147 147 147 147 147 2004 : 132 132 132 132 132 132 132 132 132 132 132 132 132 2005 : 147 147 147 147 147 147 147 147 147 147 147 147 147 2006 : 144 144 144 144 144 144 144 144 144 144 144 144 144 2007 : 140 140 : : Share : 1990-92 = 100 : 2003 : 95 95 95 95 95 95 95 95 95 95 95 95 95 2004 : 95 95 95 95 95 95 95 95 95 95 95 95 95 2005 : 94 94 94 94 94 94 94 94 94 94 94 94 94 2006 : 95 95 95 95 95 95 95 95 95 95 95 95 95 2007 : 95 95 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Survey Estimates, Month Published and Level Survey 2006 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 Kevin Barnes, Chief, Environmental, Economics and Demographics Branch at (202) 720-6146. Below are the commodity specialists to contact for additional information. Crop Prices Received Jeff Geuder, Chief, Crops Branch (202) 720-2127 Greg Thessen, Field Crops Section (202) 720-2127 Todd Ballard - Wheat, Rye (202) 690-8533 Ty Kalaus - Corn, Proso Millet, Flaxseed (202) 720-9526 Shiela Corley - Cotton, Cottonseed (202) 720-5944 Travis Thorson - Soybeans, Sunflower, Other Oilseeds (202) 720-7369 King Whetstone - Hay, Oats, Sorghum (202) 690-3234 Dennis Koong - Peanuts, Rice (202) 720-7688 Brian Young - Sugarcane, Sugarbeets, Barley (202) 720-7621 Lance Honig, Fruit and Vegetable Section (202) 720-2127 Dan Norris - Peaches, Pears, Hops, Pulses, Mint (202) 720-3250 Rich Holcomb - Citrus (202) 720-5412 Faye Propsom - 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 Debbie Flippin - Vegetables, Onions, Strawberries (202) 720-2157 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 Jason Hardegree- 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 Fleming Gibson - Turkeys (202) 720-0585 Sharyn Lavender - Broilers (202) 720-3244 Mark Aitken - Eggs (202) 690-8632 Indexes, Prices Paid, and Parity Prices Kevin Barnes, Chief, Environmental, Economics and Demographics Branch (202) 720-6146 Kevin Hintzman, Economics Section (202) 720-6146 Jen Brown - Prices Paid Indexes, Prices Paid for Feed, Fertilizer, Agricultural Chemicals, Seeds, Farm Supplies and Repairs, Farm Machinery, Fuels, Feeder Livestock, Poultry Chicks, Feed Price Ratios, Autos & Trucks (202) 720-5446 Daryl Brinkman - Prices Received Indexes, Parity Prices (202) 720-8844 Jennifer Sissom - Grazing Fees (202) 690-3229 ACCESS TO REPORTS!! 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