Pr 1 (7-07) Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released July 31, 2007, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Agricultural Prices" see page 66, office hours 7:30 a.m. to 4:00 p.m. ET. July Farm Prices Received Index Advanced 3 Points From Last Month The preliminary All Farm Products Index of Prices Received by Farmers in July, at 142 percent, based on 1990-92=100, increased 3 points (2.2 percent) from June. The Crop Index is up 2 points (1.4 percent) and the Livestock Index increased 3 points (2.2 percent). Producers received higher commodity prices for milk, eggs, wheat, and snap beans. Lower prices were received for corn, broilers, hogs, and cantaloups. 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 grapes, wheat, hay, and tomatoes offset decreased marketings of milk, cantaloups, and potatoes. The preliminary All Farm Products Index is up 25 points (21 percent) from July 2006. The Food Commodities Index, at 144, increased 4 points (2.9 percent) from last month and increased 25 points (21 percent) from July 2006. Prices Paid Index Unchanged The July Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 158 percent of the 1990-92 average. The index is unchanged from June but 9 points (6.0 percent) above July 2006. Lower prices in July for feed grains, feeder pigs, LP gas, and gasoline offset higher prices for feeder cattle, complete feeds, milk cows, and nitrogen fertilizers. Index Summary Table -------------------------------------------------------------------------------- : 2006 : 2007 Index :-------------------------------------------------------------- 1990-92=100 : Jun : Jul : Jun : Jul -------------------------------------------------------------------------------- : Prices Received : 118 117 139 142 : Prices Paid : 149 149 158 158 : Ratio 1/ : 79 79 88 90 -------------------------------------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid by farmers. Prices Received by Farmers The July All Farm Products Index is 142 percent of its 1990-92 base, up 2.2 percent from the June index and 21 percent above the July 2006 index. ALL CROPS: The July index is 143, up 1.4 percent from June and 16 percent above July 2006. Index increases for food grains, oil-bearing crops, and commercial vegetables more than offset the index decreases for feed grains & hay, potatoes & dry beans, and fruits & nuts. Food Grains: The July index, at 179, is 7.2 percent above the previous month and 38 percent above a year ago. The July all wheat price, at $5.37 per bushel, is up 34 cents from June and $1.49 above July 2006. Feed Grains & Hay: The July index is 151, down 5.0 percent from last month but 37 percent above a year ago. The corn price, at $3.23 per bushel, is down 28 cents from last month but $1.09 above July 2006. The all hay price, at $131 per ton, is unchanged from June but up $24.00 from last July. Sorghum grain, at $5.55 per cwt, is 57 cents below June but 94 cents above July last year. Oil-Bearing Crops: The July index, at 142, is up 5.2 percent from June and 42 percent higher than July 2006. The soybean price, at $7.92 per bushel, increased 41 cents from June and is $2.31 above July 2006. Cotton: The July index, at 77, is unchanged from June and last year. The July price, at 46.8 cents per pound, is up 0.4 cent from the previous month but unchanged from last July. Potatoes & Dry Beans: The July index, at 138, is down 1.4 percent from last month and 19 percent below July 2006. The all potato price, at $8.10 per cwt, is down 17 cents from June and $2.36 below last July. The all dry bean price, at $25.10 per cwt, is up 70 cents from the previous month and $3.40 higher than July 2006. Fruits & Nuts: The July index, at 151, is down 1.3 percent from June and 12 percent lower than a year ago. Price decreases for oranges, strawberries, pears, and grapefruit more than offset a price increase for lemons. Commercial Vegetables: The July index, at 134, is up 1.5 percent from last month and 14 percent above July 2006. Price increases during July for snap beans, sweet corn, broccoli, and asparagus more than offset price declines for lettuce, carrots, cantaloups, and tomatoes. LIVESTOCK & PRODUCTS: The July index, at 140, is 2.2 percent above last month and up 26 percent from July 2006. Compared with a year ago, prices are higher for milk, broilers, eggs, cattle, turkeys, and hogs. The price for calves is down from last year. Meat Animals: The July index, at 121, is unchanged from last month but 4.3 percent higher than last year. The July hog price, at $52.60 per cwt, is down $1.70 from June but $2.40 higher than a year ago. The July beef cattle price, at $90.30 per cwt, is up $1.20 from last month and $4.50 above July 2006. Dairy Products: The July index, at 166, is up 7.1 percent from a month ago and 84 percent higher than July last year. The June all milk price of $20.20 is a record high milk price, up $.90 from the previous record high of $19.30 set in May of 2004. The July preliminary all milk price of $21.70 per cwt, if realized, will be a new record high, up an additional $1.50 from last month and $10.00 from July 2006. The July fluid grade milk price is up $1.60 and the manufacturing grade milk price is up 70 cents from the previous month. Poultry & Eggs: The July index, at 157, is up 4.0 percent from June and 34 percent above a year ago. The July market egg price, at 81.2 cents per dozen, increased 31.5 cents from June and is 57.5 cents above July 2006. The July broiler price, at 51.0 cents per pound, is down 1.0 cent from June but 10.0 cents above a year ago. The July turkey price, at 55.5 cents per pound, is up 3.5 cents from the previous month and 9.6 cents from a year earlier. Table of Contents U.S. Prices Received and IndexesPage Narrative . . . . . . . . 2 Price Indexes . . . . . . 5 Price Index Charts . . . . 6 U.S. Prices Received Summary 10 Charts . . . . . . . . . . 12 Selected Commodities . . . 16 Upland Cotton & Rice Marketings 19 Parity Prices . . . . . . . 26 Reliability Statement . . . 38 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 Fruit, Citrus . . . . . . 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 Marketing Year Average Prices Cranberries see July 2007 Noncitrus Fruits and Nuts 2006 Summary http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1113 Sugarbeets . . . . . . . . 28 Sugarcane. . . . . . . . . 28 Monthly Price Revisions Apples see July 2007 Noncitrus Fruits and Nuts 2006 Summary http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1113 Grapes see July 2007 Noncitrus Fruits and Nuts 2006 Summary http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1113 Onions see July 2007 Vegetables http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1177 Peaches see July 2007 Noncitrus Fruits and Nuts 2006 Summary http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1113 Pears see July 2007 Noncitrus Fruits and Nuts 2006 Summary http:/usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documen tID=1113 Seasonal Adjustment Factors . 29 Indexes of Prices Received: U.S., All Groups, Monthly and Annual, 2003-2007 . . . . . . . . . . 30 Table of Contents (continued) U.S. Prices Paid, Prices Paid Indexes and RatiosPage Narrative . . . . . . . 39 Indexes and Parity Ratios 40 Charts . . . . . . . . 42 Feed Price Ratios . . . 45 Reliability Statement . 65 U.S. Average Prices Prices Used to Calculate Feed Price Ratios 45 Feeder Livestock . . . 45 Special Features Index of Prices Paid: 1910-14=100 and 1990-92=100 Monthly and Annual Average, United States, 2003-2007 46-64 PPITW, PITW, Production Items 46-47 Index Component Items, Interest, Taxes, Wage Rates, Farm and Non Farm Origin . . . . . . . 47-54 Ratios . . . . . . . . 55 Crop Sector, Livestock Sector, and PPITW adjusted for Productivity . . . . . . . . . . . . 56 Index Sub-Components (1990-92=100): Monthly and Annual Averages 57-64 Information Contacts . 66 Index Numbers of Prices Received, United States, July 2007, with Comparisons 1/ -------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2006 : 2007 : 2006 : 2007 :Average :--------------------------------------------- :1990-92 : Jul : Jun : Jul : Jul : Jun : Jul -------------------------------------------------------------------------------- : All Farm Products : 639 741 *880 899 117 *139 142 : All Crops : 500 609 *695 705 123 *141 143 Food Grains : 325 413 *532 567 130 *167 179 Feed Grains & Hay : 363 393 *568 541 110 *159 151 Cotton : 517 396 *392 396 77 *77 77 Tobacco 2/ : 1,263 1,392 1,392 1,392 92 92 92 Oil-Bearing Crops : 554 550 *740 777 100 *135 142 Fruits & Nuts : 716 1,199 *1,071 1,057 172 *153 151 Commercial Vegetables : 698 791 *881 895 118 *132 134 Potatoes & Dry Beans : 540 859 *710 699 170 *140 138 Other Crops : 493 563 *563 563 114 *114 114 : Livestock & Products : 768 848 *1,049 1,078 111 *137 140 Meat Animals : 1,021 1,183 *1,229 1,233 116 121 121 Dairy Products : 799 719 *1,241 1,334 90 *155 166 Poultry & Eggs : 282 329 424 441 117 151 157 : Food Commodities : 119 *140 144 -------------------------------------------------------------------------------- * Revised. 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. 2/ Monthly prices discontinued July 2005. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Month, United States, 2006 and 2007 1/ -------------------------------------------------------------------------------- : 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 : 113 124 109 131 117 116 148 151 145 148 Feb : 113 128 113 138 113 120 147 153 144 150 Mar : 113 134 117 145 110 126 147 156 144 153 Apr : 111 134 119 141 105 129 148 157 145 156 May : 111 138 120 143 104 134 149 157 146 156 Jun : 118 139 127 141 110 137 149 158 147 156 Jul : 117 142 123 143 111 140 149 158 147 157 Aug : 120 125 114 149 147 Sep : 119 121 116 149 146 Oct : 116 115 116 148 145 Nov : 119 122 116 148 145 Dec : 120 127 113 149 147 -------------------------------------------------------------------------------- 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. Prices Received, United States, July 2007, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit: 1990-92 : Jul : Jun : Jul : : : 2006 : 2007 : 2007 -------------------------------------------------------------------------------- : : Dollars : : : : Field Crops : : : : Barley, All : Bu : 2.12 2.71 3.30 3.37 Feed : Bu : 1.90 2.04 3.52 3.31 Malting : Bu : 2.43 2.95 3.26 3.40 Beans, Dry Edible : Cwt: 19.10 21.70 24.40 25.10 Chickpeas, All : Cwt: 22.80 28.40 30.60 Large : Cwt: 4/ 30.30 31.30 Small : Cwt: 4/ 4/ 5/ Corn : Bu : 2.30 2.14 3.51 3.23 Cotton, Upland : Lb : 0.606 0.468 0.464 0.468 Cottonseed 3/ : Ton: 96.00 : : Flaxseed : Bu : 4.27 5.47 7.79 8.00 Hay, All, Baled 1/ : Ton: 76.30 107.00 131.00 131.00 Alfalfa 1/ : Ton: 77.20 113.00 137.00 137.00 Other 1/ : Ton: 60.00 89.30 111.00 113.00 Lentils : Cwt: 7.80 13.20 14.40 Oats : Bu : 1.22 1.78 2.54 2.50 Peanuts, In-Shell : Lb : 0.304 0.170 0.181 0.183 Peas, Dry Edible : Cwt: 5.03 10.10 9.26 Austrian Winter : Cwt: 5/ 9.62 5/ Potatoes : Cwt: 5.82 10.46 8.27 8.10 : : Rice, Rough : Cwt: 7.07 8.18 9.77 9.84 Sorghum Grain : Cwt: 3.75 4.61 6.12 5.55 Soybeans : Bu : 5.61 5.61 7.51 7.92 Sunflower, All : Cwt: 9.50 12.00 17.00 17.40 : : Wheat, All : Bu : 2.96 3.88 5.03 5.37 Winter : Bu : 2.93 3.82 5.00 5.30 Durum : Bu : 2.86 3.83 5.50 6.25 Other Spring : Bu : 3.11 4.41 5.18 5.62 Hard Red Winter : Bu : 4.43 5.10 Soft Red Winter : Bu : 3.25 4.77 Hard Red Spring : Bu : 4.47 5.18 White : Bu : 3.24 3.55 5.42 : : Fruit : : : : Citrus, Equiv on-tree : : Grapefruit : Box: 5.77 11.16 9.76 8.79 Lemons : Box: 10.10 18.88 29.32 31.49 Oranges : Box: 5.79 6.56 11.30 8.95 Tangelos 5/ : Box: 5.82 Tangerines 5/ : Box: 15.11 : : Noncitrus, Fresh : : Apples 2/ : Lb : 0.212 0.423 0.296 0.293 Grapes 2/ 5/ : Ton: 506.00 1,030.00 850.00 730.00 Peaches 2/ 5/ : Ton: 432.00 721.00 522.00 530.00 Pears 2/ : Ton: 370.00 759.00 714.00 576.00 Strawberries : Cwt: 56.00 64.00 66.10 57.40 -------------------------------------------------------------------------------- 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. Prices Received, United States, July 2007, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit : 1990-92 : Jul : Jun : Jul : : : 2006 : 2007 : 2007 -------------------------------------------------------------------------------- : : Dollars : : : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 105.00 108.00 162.00 Broccoli : Cwt : 22.50 26.20 24.80 26.70 Cantaloups 2/ : Cwt : 16.00 12.80 10.40 Carrots : Cwt : 13.20 21.50 25.90 21.50 Cauliflower : Cwt : 26.80 26.20 30.00 22.70 Celery : Cwt : 11.60 21.00 11.60 12.60 Corn, Sweet : Cwt : 15.70 21.10 17.80 22.60 Cucumbers 2/ : Cwt : 27.00 22.80 23.40 Lettuce : Cwt : 11.90 12.20 17.80 16.70 Onions : Cwt : 12.80 16.80 27.40 27.00 Snap Beans 2/ : Cwt : 61.20 29.10 92.20 Tomatoes : Cwt : 32.30 25.10 31.50 29.30 : : Livestock : : : : Calves : Cwt : 94.30 137.00 125.00 125.00 Cattle, All Beef : Cwt : 72.90 85.80 89.10 90.30 Cows 3/ : Cwt : 49.60 46.40 50.10 51.40 Steers & Heifers : Cwt : 77.10 90.00 93.30 94.30 Milk Cows 4/ : Head: 1,130.00 1,680.00 1,950.00 : : Hogs, All : Cwt : 47.70 50.20 54.30 52.60 Barrows & Gilts : Cwt : 48.40 51.10 55.10 53.40 Sows : Cwt : 39.50 32.10 37.50 36.50 : : Lambs : Cwt : 56.20 93.40 96.30 Sheep : Cwt : 23.40 27.60 27.50 : : Dairy and Poultry : : : : Milk, All 5/ 6/ : Cwt : 13.06 11.70 20.20 21.70 Fluid Grade 6/ : Cwt : 13.10 11.70 20.20 21.80 Mfg Grade 6/ : Cwt : 11.80 10.80 20.00 20.70 : : Broilers, Live 7/ : Lb : 0.317 0.410 0.520 0.510 Eggs, All 8/ : Doz : 0.643 0.435 0.677 0.946 Market 8/ : Doz : 0.546 0.237 0.497 0.812 Turkeys, live 7/ 8/: Lb : 0.380 0.459 0.520 0.555 : : Adjusted for Seasonal : : Variation 9/ : : Eggs, All : Doz : 0.545 0.480 0.756 1.020 Milk, All 5/ : Cwt : 9.71 12.10 20.60 22.40 -------------------------------------------------------------------------------- 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/ July 2007 Fat test percent: all milk, 3.55; fluid milk, 3.55; mfg grade, 3.75. 7/ Equivalent live weight returns to producers. 8/ Mid-month price. 9/ Seasonal adjustment factors are: All Eggs July 2006, 92; June 2007, 90; and July 2007, 93. All Milk July 2006, 97; June~2007, 98; and July~2007, 97. Wheat: Prices Received, by State, June and July 2007 -------------------------------------------------------------------------------- : All Wheat : Winter Wheat : Durum Wheat :Oth Spring Wheat State :----------------------------------------------------------------------- : Jun 1/ : Jul 2/ : Jun 1/ : Jul 2/ : Jun 1/ : Jul 2/ : Jun 1/ : Jul 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : AR : 4.60 5.45 4.60 5.45 CA : 5.17 5.32 5.02 5.25 5.35 3/ CO : 5.13 5.33 5.13 5.33 ID : 5.23 5.50 5.24 5.50 4/ 4/ 5.22 5.50 IL : 4.92 5.10 4.92 5.10 IN : 4.90 5.30 4.90 5.30 KS : 5.06 5.52 5.06 5.52 MI : 4.41 4.75 4.41 4.75 MN : 5.18 5.44 4.26 4.30 5.19 5.45 MO : 4.65 4.80 4.65 4.80 MT : 5.07 5.47 5.04 5.23 5.40 6.47 5.08 5.60 NE : 4.94 5.20 4.94 5.20 ND : 5.22 5.81 3/ 4.85 5.69 6.95 5.18 5.55 OH : 4.63 5.17 4.63 5.17 OK : 5.00 5.50 5.00 5.50 OR : 5.59 6.04 5.57 6.00 5.74 6.30 SD : 5.06 5.56 4.75 5.23 5.17 5.67 TX : 5.23 5.43 5.23 5.43 WA : 5.54 6.13 5.48 6.05 5.65 6.30 : US : 5.03 5.37 5.00 5.30 5.50 6.25 5.18 5.62 -------------------------------------------------------------------------------- 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 4.53 2.00 3.05 5.87 6.38 95.00 84.30 40.70 42.70 Feb : 3.66 4.71 2.02 3.44 5.67 6.87 92.40 86.60 42.60 47.30 Mar : 3.79 4.75 2.06 3.43 5.57 6.95 87.90 92.00 42.80 45.00 Apr : 3.81 4.89 2.11 3.39 5.52 6.88 84.80 94.30 41.30 47.30 May : 4.09 4.88 2.17 3.49 5.68 7.13 82.20 93.20 48.20 53.00 Jun : 3.98 5.03 2.14 3.51 5.62 7.51 84.00 89.10 53.80 54.30 Jul : 3.88 5.37 2.14 3.23 5.61 7.92 85.80 90.30 50.20 52.60 Aug : 3.91 2.09 5.23 87.20 51.60 Sep : 4.06 2.20 5.24 90.00 48.90 Oct : 4.59 2.54 5.52 88.20 46.50 Nov : 4.59 2.87 6.07 84.40 44.90 Dec : 4.52 3.01 6.18 83.10 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, June and July 2007 -------------------------------------------------------------------------------- :All Barley 1/: Corn : Oats : Soybeans : Sorghum Grain Month :----------------------------------------------------------------------- :Jun 2/:Jul 3/:Jun 2/:Jul 3/:Jun 2/:Jul 3/:Jun 2/:Jul 3/:Jun 2/ :Jul 3/ -------------------------------------------------------------------------------- :----------------- Dollars per Bushel ----------------- Dollars per Cwt : AL : AR : 7.82 8.25 5/ 5/ CA : 3.73 4/ 5/ 5/ CO : 5/ 5/ 3.56 3.45 ID : 3.24 3.20 IL : 3.64 3.30 5/ 5/ 7.64 8.10 6.82 6.10 IN : 3.73 3.42 7.83 8.33 IA : 3.38 3.05 2.71 2.60 7.54 7.95 KS : 3.84 3.46 2.82 2.69 7.57 8.10 6.33 5.51 KY : 3.87 3.40 7.71 8.00 LA : 7.37 8.30 MI : 3.75 3.40 2.67 2.50 7.45 8.00 MN : 3.44 3.36 3.19 3.08 2.38 2.33 7.19 7.44 MS : 7.61 8.40 MO : 3.84 3.50 7.55 8.00 6.78 5.80 MT : 3.22 3.39 2.41 2.50 NE : 3.64 3.40 3.06 2.90 7.18 7.40 6.37 5.85 NY : 2.05 1.96 NC : 3.86 4.00 8.22 8.60 ND : 3.28 3.32 3.33 3.25 2.26 2.20 7.08 7.20 OH : 3.68 3.40 4/ 5/ 7.72 8.28 OK : 6.14 5.50 OR : 3.81 3.80 5/ 5/ PA : 4.32 4.03 2.17 2.04 SD : 4/ 4/ 3.42 3.20 2.88 2.70 7.09 7.38 TN : 4.15 3.65 7.67 8.35 TX : 4.25 3.67 4/ 2.82 6.03 5.54 UT : 4/ 4/ WA : 3.70 3.63 WI : 3.31 3.20 2.25 2.25 7.37 7.70 WY : 2.88 2.88 : US : 3.30 3.37 3.51 3.23 2.54 2.50 7.51 7.92 6.12 5.55 -------------------------------------------------------------------------------- 1/ The Three-State (MN, ND and SD) Feed Barley price is discontinued. 2/ Entire month. 3/ Mid-month. 4/ Price not published to avoid disclosure of individual firms. 5/ Insufficient sales to establish a price. Malting and Feed Barley: Prices Received Selected State, June and July 2007 -------------------------------------------------------------------------------- : Malting Barley : Feed Barley State :-------------------------------------------------------------- : Jun 1/ : Jul 2/ : Jun 1/ : Jul 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : ID : 3.23 3.20 3.38 3.40 MN : 3/ 3.60 3.34 3.24 MT : 3.23 3/ 3.11 2.97 ND : 3.29 3.45 3.12 3.00 SD : 3/ 3/ 4/ 4/ WY : 4/ 4/ 2.88 2.88 -------------------------------------------------------------------------------- 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, June and July 2007 -------------------------------------------------------------------------------- : Dry Edible : All : : : Beans : Sunflower : Flaxseed : Peanuts 4/ State :--------------------------------------------------------------- :Jun 1/ :Jul 2/ :Jun 1/ :Jul 2/ :Jun 1/ :Jul 2/ :Jun 1/ :Jul 3/ -------------------------------------------------------------------------------- : -------- Dollars per -------- Dollars per Dollars per : ------------ Cwt ------------ --- Bushel -- ---- Pound --- : AL : 0.174 0.177 CA : 42.70 5/ CO : 26.20 26.00 FL : 0.174 5/ GA : 0.178 0.183 ID : 25.60 23.40 KS : 15.40 5/ MI : 24.00 26.00 MN : 25.80 5/ 17.40 18.10 NE : 26.20 26.90 NC : 0.189 0.190 ND : 22.80 22.30 16.30 17.10 7.80 8.00 SD : 17.70 18.60 5/ 6/ TX : 5/ 0.193 VA : 0.168 5/ : US : 24.40 25.10 17.00 17.40 7.79 8.00 0.181 0.183 -------------------------------------------------------------------------------- 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, June and July 2007 -------------------------------------------------------------------------------- : : July : Cotton, Upland :-------------------------------------------------- State : : Cotton- : Hay, Baled 3/ : Apples :-------------------: seed :-----------------------------: Fresh : Jun 1/ : Jul 2/ : 5/ : All : Alfalfa : Other : Use 1/4/ -------------------------------------------------------------------------------- : Dollars per Pound -------- Dollars per Ton -------- Dol/Lb : AL : 0.444 0.444 AZ : 6/ 6/ 150.00 151.00 138.00 AR : 0.445 0.470 CA : 6/ 7/ 153.00 162.00 124.00 CO : 135.00 135.00 135.00 GA : 0.459 0.455 ID : 139.00 140.00 115.00 IL : 119.00 123.00 94.00 IA : 106.00 109.00 79.00 KS : 99.00 102.00 88.00 KY : 90.00 140.00 80.00 LA : 0.452 0.448 MI : 102.00 105.00 80.00 MN : 95.00 97.00 84.00 MS : 0.445 0.457 MO : 101.00 148.00 85.00 MT : 81.00 77.00 105.00 NE : 95.00 96.00 89.00 NV : 137.00 138.00 129.00 NM : 164.00 167.00 136.00 NY : 123.00 150.00 105.00 NC : 0.447 0.444 ND : 56.00 58.00 40.00 OH : 138.00 160.00 103.00 0.425 OK : 105.00 145.00 77.00 OR : 155.00 151.00 166.00 PA : 147.00 161.00 137.00 SD : 89.00 92.00 76.00 TN : 0.472 0.494 TX : 0.490 0.497 144.00 165.00 135.00 UT : 121.00 123.00 105.00 VA : WA : 140.00 140.00 140.00 0.293 WI : 56.00 60.00 40.00 WY : 114.00 114.00 111.00 : US : 0.464 0.468 131.00 137.00 113.00 0.293 -------------------------------------------------------------------------------- 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, July 2007, with Comparisons -------------------------------------------------------------------------------- Item : Unit : May 2007 1/ : Jun 2007 1/ : Jul 2007 2/ -------------------------------------------------------------------------------- : : Cotton, Upland : : Average Price : Dollars per Pound : 0.448 0.464 0.468 Marketings 3/ : 1,000 Bales : 1,550 1,067 NA : : Rice : : Average Price : Dollars per Cwt : 9.72 9.77 9.84 Marketings 4/ : 1,000 Cwt : 12,344 9,979 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, July 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 : CA : 23.30 11.71 14.06 -0.30 8.79 11.14 -3.22 : Lemons : CA : 56.40 36.91 46.33 -0.42 31.49 40.91 -5.84 : Oranges : CA : Valencia : 27.40 11.49 19.37 1.64 8.95 16.83 -0.90 -------------------------------------------------------------------------------- 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, June and July 2007 1/ ------------------------------------------------------------------------------- : : :: : : State : Jun : Jul :: State : Jun : Jul : : :: : : ------------------------------------------------------------------------------- : Dollars per Cwt :: : Dollars per Cwt : :: : AL : 18.20 14.80 :: : AZ : 4/ 4/ :: NC : 8.00 7.65 CA - All 2/ : 13.00 12.30 :: ND - All 2/ : 6.45 5.65 - Winter : :: - Fresh 3/ : 5.00 NA - Spring : 13.70 12.60 :: - Processing : 6.55 NA - Summer : 12.90 12.20 :: OR : 7.90 7.30 - Fall : 8.20 7.90 :: TX : 10.40 4/ CO - All 2/ : 7.60 7.60 :: VA : 14.10 - Fresh 3/ : 8.75 NA :: WA - All 2/ : 7.20 7.15 FL : 13.50 :: - Processing : 6.50 NA ID - All 2/ : 6.10 5.95 :: WI - All 2/ : 7.55 - Fresh 3/ : 6.40 NA :: - Fresh 3/ : 4/ NA - Processing : 5.90 NA :: - Processing : 4/ NA ME : 8.00 7.95 :: : MI : :: US - All 2/ : 8.27 8.10 MN : 5.35 4.85 :: - Fresh 3/ : 11.78 NA NY : :: - Processing : 6.75 NA ------------------------------------------------------------------------------- 1/ Missing data indicates no potatoes being marketed. 2/ Average price of potatoes sold for all uses, including table stocks, processing, seed, and livestock feed. 3/ Fresh market prices only, includes table stock prices. 4/ Price not published to avoid disclosure of individual firms. Cattle: Prices Received, by State, June and July 2007 -------------------------------------------------------------------------------- : Cows 1/ :Steers & Heifers : Beef Cattle 4/ : Calves State :----------------------------------------------------------------------- : Jun 2/ : Jul 3/ : Jun 2/ : Jul 3/ : Jun 2/ : Jul 3/ : Jun 2/ : Jul 3/ -------------------------------------------------------------------------------- : Dollars per Cwt : AZ : 51.00 52.00 95.00 91.00 84.40 81.60 109.00 120.00 AR : 47.50 49.50 103.00 103.00 86.40 87.00 114.00 118.00 CA : 47.80 48.70 90.40 92.40 73.40 74.90 112.00 111.00 CO : 51.70 52.50 101.00 101.00 100.00 100.00 121.00 121.00 FL : 49.00 50.00 96.30 98.60 81.40 77.90 112.00 116.00 GA : 49.20 50.50 94.40 97.20 64.60 66.40 114.00 118.00 ID : 49.60 51.40 90.50 89.10 80.70 80.40 111.00 113.00 IL : 52.00 52.00 91.00 90.00 90.20 89.20 111.00 112.00 IA : 54.40 56.00 87.50 88.50 86.80 87.90 116.00 116.00 KS : 53.10 54.50 91.60 92.90 91.20 92.50 128.00 129.00 KY : 46.00 47.00 96.00 103.00 84.00 89.60 109.00 114.00 LA : 47.80 51.00 95.30 99.00 62.50 67.30 111.00 114.00 MI : 51.00 51.00 90.00 85.00 78.30 74.80 125.00 120.00 MN : 51.60 53.50 88.10 85.00 83.10 80.70 128.00 121.00 MO : 49.50 52.10 107.00 110.00 90.90 95.50 118.00 120.00 MT : 52.00 54.60 90.40 90.90 73.10 82.90 112.00 116.00 NE : 52.20 54.00 93.60 96.10 92.40 94.80 129.00 131.00 NM : 52.00 54.00 98.00 97.00 81.90 80.20 128.00 124.00 ND : 52.50 54.00 93.00 90.00 64.70 66.60 121.00 120.00 OH : 48.40 50.00 87.40 86.00 83.50 82.40 102.00 103.00 OK : 52.00 53.10 102.00 105.00 98.00 101.00 121.00 129.00 OR : 50.00 50.50 93.00 92.00 80.10 79.60 100.00 95.00 PA : 50.70 50.70 89.00 86.90 79.00 77.50 117.00 119.00 SD : 50.00 52.00 94.90 97.00 84.60 85.80 107.00 111.00 TN : 46.00 49.00 97.00 102.00 76.60 80.80 106.00 111.00 TX : 49.20 51.00 94.80 95.10 90.70 92.00 126.00 126.00 VA : 44.40 45.60 93.70 97.90 75.00 79.60 113.00 108.00 WI : 49.60 51.10 87.40 86.00 65.50 65.80 158.00 156.00 WY : 52.00 52.60 100.00 103.00 80.80 95.40 124.00 128.00 : US : 50.10 51.40 93.30 94.30 89.10 90.30 125.00 125.00 -------------------------------------------------------------------------------- 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, June and July 2007 -------------------------------------------------------------------------------- : Sows : Barrows and Gilts : All Hogs :----------------------------------------------------------------------- State : Jun 1/ : Jul 2/ : Jun 1/ : Jul 2/ : Jun 1/ : Jul 2/ -------------------------------------------------------------------------------- : Dollars per Cwt : AR : 37.70 37.20 52.40 50.40 50.90 49.10 IL : 36.00 35.20 53.80 51.30 52.40 50.00 IN : 41.50 40.50 55.00 52.50 53.90 51.50 IA : 38.00 37.50 56.00 55.00 55.60 54.70 KS : 37.70 36.60 50.30 48.10 48.70 46.60 MN : 40.00 39.00 56.10 54.50 56.00 54.40 MO : 36.90 35.70 50.40 49.00 49.50 47.70 NE : 38.50 37.50 56.30 53.50 55.90 53.20 NC : 36.90 36.50 56.90 55.90 56.70 55.70 OH : 37.00 36.00 53.40 51.40 51.90 50.00 OK : 35.90 35.30 48.40 47.00 46.50 45.20 PA : 36.20 36.00 49.80 48.50 47.80 46.60 SD : 36.60 35.80 56.70 54.00 53.90 51.30 : US : 37.50 36.50 55.10 53.40 54.30 52.60 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by State, June and July 2007 -------------------------------------------------------------------------------- : June : July State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ : Market Eggs 2/ 3/ -------------------------------------------------------------------------------- : ------ Dollars per Cwt ------ Dollars per Dozen : AL : 0.830 AR : 0.811 CA : 23.50 91.00 0.840 CO : 30.00 98.00 CT : 0.810 FL : 0.790 GA : 0.790 ID : 24.00 94.00 IN : 0.800 IA : 31.00 100.00 0.769 KY : 28.00 96.00 ME : 1.010 MI : 0.800 MN : 25.00 104.00 0.860 MS : 0.790 MO : 33.60 93.50 0.760 MT : 28.90 102.00 NE : 28.60 93.10 NY : 0.890 NC : 0.800 ND : 25.00 101.00 OH : 24.50 97.00 0.890 OR : 31.00 94.00 PA : 38.00 110.00 0.760 SC : 0.800 SD : 24.90 109.00 TX : 31.30 87.60 0.820 VA : 33.00 104.00 WA : 0.894 WV : 27.00 99.00 WY : 26.70 100.00 : US : 27.50 96.30 0.812 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Also referred to as Table eggs. Milk and Milk Cows: Prices Received, by State, June and July 2007 -------------------------------------------------------------------------------- : June 1/ : July :------------------------------------------------------------------------ State : Fluid Grade : Manufacturing : All Milk : All Milk : : Milk 2/ : Grade Milk 3/ : 4/ : 4/ 5/ : Milk :---------------------------------------------------------------:Cows 6/ : : 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 : 20.40 3.54 20.40 3.54 22.30 3.54 1,850 CA : 19.60 3.56 20.90 3.99 19.64 3.57 20.60 3.56 1,850 CO : 20.20 3.45 20.20 3.45 21.90 3.45 2,200 FL : 21.80 3.58 21.80 3.58 24.20 3.60 2,050 ID : 19.50 3.52 19.50 3.52 20.50 3.48 2,250 IL : 20.90 3.63 20.50 3.55 20.90 3.63 22.00 3.61 1,870 IN : 19.70 3.51 17.90 3.54 19.70 3.51 22.20 3.50 1,950 IA : 19.90 3.58 19.60 3.61 19.90 3.58 21.80 3.54 2,020 KS : 19.50 3.54 19.50 3.54 21.80 3.54 1,850 KY : 20.70 3.56 20.70 3.56 23.10 3.55 1,820 MI : 20.40 3.49 20.40 3.49 22.50 3.45 1,950 MN : 20.50 3.66 19.60 3.66 20.50 3.66 21.50 3.57 1,900 MO : 20.10 3.55 19.10 3.61 20.10 3.55 22.50 3.54 1,780 NM : 19.80 3.51 19.80 3.51 22.00 3.51 2,000 NY : 20.30 3.58 20.30 3.58 22.10 3.58 1,820 OH : 20.60 3.56 17.00 3.67 20.50 3.56 22.30 3.53 1,910 OR : 18.50 3.60 18.50 3.60 20.10 3.59 2,100 PA : 21.30 3.60 21.30 3.60 23.50 3.60 2,000 TX : 20.80 3.64 20.80 3.64 22.20 3.65 2,100 VT : 21.00 3.63 21.00 3.63 22.80 3.57 2,100 VA : 21.60 3.55 21.60 3.55 23.40 3.50 1,850 WA : 20.30 3.60 20.30 3.60 22.20 3.59 2,100 WI : 20.50 3.58 19.60 3.63 20.50 3.58 22.00 3.54 1,960 : US : 20.20 3.57 20.00 3.80 20.20 3.57 21.70 3.55 1,950 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Including milk diverted to manufacturing. 3/ ID, MI, and PA are no longer published due to insufficient manufacturing grade milk volume. 4/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 5/ Preliminary. 6/ Animals sold for dairy herd replacement only. Prices published January, April, July and October. Parity Price Equivalent for Manufacturing Grade Milk 1/: United States, June and July 2007, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Jul 2006 : Jun 2007 : Jul 2007 -------------------------------------------------------------------------------- Parity Equivalent : Dollars per Cwt : 35.50 36.80 37.30 Average Price F.O.B 2/ : Dollars per Cwt : 10.80 20.00 20.70 Average Fat Test of Milk 2/ : Percent : 3.73 3.80 3.75 -------------------------------------------------------------------------------- 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 July 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 : Jul : Jun : Jul : Jul : Jun : Jul : : 2006 : 2007 : 2007 : 2006 : 2007 : 2007 -------------------------------------------------------------------------------- : ---------- Dollars --------- ---- Percent ---- : Basic Commodities : All Wheat, Bu : 0.519 10.50 10.80 10.90 37 47 49 Rice, Cwt : 1.40 28.50 29.10 29.50 29 34 33 Corn, Bu : 0.384 7.83 7.99 8.09 27 44 40 Cotton, Lb : American Upland : 0.098 2.30 2.04 2.06 20 23 23 Extra Long Staple : 0.142 2.72 2.96 2.99 Peanuts, Lb : 0.031 0.689 0.645 0.653 25 28 28 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt 2/ : 1.92 38.80 40.00 40.50 31 52 55 Honey, Extracted, Lb 3/ : 0.123 2.28 2.56 2.59 : Wool and Mohair : Wool, Lb : 0.082 1.63 1.71 1.73 Mohair, Lb : 0.359 6.67 7.47 7.56 : Other Nonbasic : Barley, Bu : 0.362 7.32 7.54 7.63 37 44 44 Canola, Cwt : 1.37 27.20 28.50 28.90 Cottonseed, Ton : 14.80 303.00 308.00 312.00 32 41 40 Dry Edible Beans, Cwt : 2.72 55.30 56.60 57.30 39 43 44 Flaxseed, Bu : 0.841 15.60 17.50 17.70 35 45 45 Mustard Seed, Cwt : 1.92 38.60 40.00 40.50 Oats, Bu : 0.215 4.35 4.48 4.53 41 57 55 Potatoes, Cwt : 0.818 16.20 17.00 17.20 65 49 47 Rapeseed, Cwt : 1.59 31.70 33.10 33.50 Rye, Bu : 0.414 6.99 8.62 8.72 Safflower, Cwt : 1.84 36.60 38.30 38.80 Sorghum Grain, Cwt : 0.656 12.10 13.70 13.80 38 45 40 Soybeans, Bu : 0.850 17.30 17.70 17.90 32 42 44 All Sunflower, Cwt : 1.66 33.00 34.60 35.00 36 49 50 Sweetpotatoes, Cwt : 2.31 45.90 48.10 48.70 Apples, Fresh, Lb 4/ : 0.030 0.531 0.627 0.634 80 47 46 Citrus (equiv on-tree), Box : Grapefruit : 0.622 10.60 13.00 13.10 105 75 67 Lemons : 1.14 22.80 23.70 24.00 83 124 131 Oranges : 0.598 11.60 12.50 12.60 57 90 71 Tangerines : 1.35 27.40 28.10 28.40 Temples (FL) : 0.372 7.75 7.75 7.84 Beef Cattle, Cwt : 10.15 194.00 211.00 214.00 44 42 42 Calves, Cwt : 14.60 270.00 304.00 308.00 51 41 41 Hogs, Cwt : Lambs, Cwt : 11.90 234.00 248.00 251.00 40 39 Sheep, Cwt : 4.90 96.20 102.00 103.00 29 27 Eggs, Doz 2/ : 0.088 1.79 1.83 1.85 26 42 55 Turkeys, Live, Lb : 0.056 1.100 1.170 1.180 42 44 47 -------------------------------------------------------------------------------- 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, July 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 1,280.00 Misc Commodities : :: Noncitrus Fruit, : Hops, Lb : 0.250 5.27 :: Continued : Spearmint Oil, Lb : 1.40 29.50 :: Olives, CA : Tobacco, Lb : :: canning, Ton 3/ : 94.20 1,980.00 Flue-Cured, 11-14 : 0.240 5.06 :: Papayas (HI) : 0.050 1.050 VA Fire-Cured, 21 : 0.254 5.35 :: Peaches : KY-TN Fire-Cured, : :: Fresh, Ton 2/ : 83.80 1,770.00 22-23 : 0.319 6.72 :: Dried, CA, : Fire-Cured, 21-23 : 0.319 6.72 :: Ton : 77.00 1,620.00 Burley, 31 : 0.259 5.46 :: Processing 3/ : Maryland, 32 : 0.196 4.13 :: Excl Dried : Dark Air-Cured, : :: Clingstone, : 35-36 : 0.282 5.94 :: CA, Ton : 34.10 718.00 Sun-Cured, 37 : 0.235 4.95 :: Pears, Ton : Dark Air-Cured, : :: Fresh 2/ : 53.50 1,130.00 35-37 : 0.284 5.98 :: Dried, CA 4/ : 178.00 3,750.00 PA Seedleaf, 41 : 0.200 4.21 :: Plums, CA, Ton : Cigar Filler & : :: Fresh, Equiv : Binder, : :: on-Tree : 63.40 1,340.00 42-44, 54-55 : 0.222 4.68 :: Prunes, Dried, : Puerto Rican : :: CA, Ton 4/ : 139.00 2,930.00 Filler, 46 : 0.155 3.27 :: Prunes and Plums, : Cigar Binder, : :: Excl CA, Ton : 51-52 : 0.749 15.80 :: Fresh 7/ : 62.80 1,320.00 Type 61 : 3.30 69.50 :: Processing 4/ : : :: Excl Dried : 28.30 596.00 Noncitrus Fruit : :: : Apples, Ton 4/ : :: Tree Nuts 8/ : Processing : 16.70 352.00 :: Almonds, Lb : 0.214 4.51 Apricots, Ton : :: Hazelnuts, Ton : 154.00 3,240.00 Fresh 5/ :104.00 2,190.00 :: Pistachio, Lb : 0.180 3.79 Dried, CA :264.00 5,560.00 :: Walnuts, Ton : 174.00 3,670.00 Avocados, Ton 5/ :231.00 4,870.00 :: : Cherries : :: Vegetables, Cwt 9/ : Sweet, Ton :197.00 4,150.00 :: Fresh : Tart, Lb : 0.034 0.716:: Carrots 6/ : 2.38 50.10 Cranberry, Bbl 3/ : 5.02 106.00 :: Cauliflower 6/ : 4.45 93.80 Dates, CA, Ton 5/ :188.00 3,960.00 :: Celery 6/ : 2.00 42.10 Grapes, Ton : :: Honeydew Melons : 2.67 56.30 Raisin Variety :121.00 2,550.00 :: Lettuce : 2.35 49.50 Other Dried : 71.50 1,510.00 :: Onions 6/ : 1.63 34.30 Kiwifruit, Ton : 90.50 1,910.00 :: Tomatoes : 4.77 101.00 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 Sugarbeets: September 1 to August 31 for US and all estimating States. Estimating States are California, Colorado, Idaho, Michigan, Minnesota, Montana, Nebraska, North Dakota, Ohio, Oregon, Washington, and Wyoming. Sugarcane: October 1 to September 30 for US and all estimating States. Estimating States are Florida, Hawaii, Louisiana, and Texas. Sugar Crops: Marketing Year Average Price Received and Value of Production, United States, 2006 Crop 1/ -------------------------------------------------------------------------------- : Sugarbeets 2/ : Sugarcane 3/ -------------------------------------------------------------------------------- : : : For Sugar :Sugar and Seed : Price : Value :-------------------------------------------- : : of : Price : Value of : Value of : : Production : : Production : Production -------------------------------------------------------------------------------- : Dollars 1,000 Dollars Dollars ---- 1,000 Dollars --- : per Ton per Ton : US : 42.20 1,436,653 28.50 795,847 840,914 -------------------------------------------------------------------------------- 1/ Preliminary. Final prices and value of production by States will be published in "Crop Values" February 2008. 2/ Includes CA, CO, ID, MI, MN, MT, NE, ND, OH, OR, WA, and WY 3/ Includes FL, HI, LA, and TX. Seasonal Adjustment Factors - All Eggs and All Milk Base prices used in calculating parity prices are averages of prices received by farmers for several years; therefore, any seasonal variation is largely averaged out. To facilitate comparisons with parity prices, monthly prices for all eggs and all milk are adjusted for seasonal variation. The seasonally adjusted price is calculated by dividing the monthly price by the adjustment factor. The factors are based on prices for the years 1997-2007. Seasonal adjustment factors will no longer be published for the upcoming 12 months. Instead, adjustment factors will be published monthly as a footnote in the US table containing the seasonal adjusted prices on page 11 of this publication. 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 : 706 730 767 785 810 810 779 762 734 720 727 706 753 2005 : 706 719 752 768 753 748 734 735 735 702 710 723 732 2006 : 711 713 709 708 723 744 741 757 753 730 756 762 734 2007 : 781 809 846 852 872 880 899 848 : : 1990-92 = 100 : 2003 : 99 99 99 100 105 107 105 109 111 113 117 114 107 2004 : 111 115 121 124 127 128 123 120 115 113 115 111 119 2005 : 111 113 118 121 119 118 116 116 116 111 112 114 115 2006 : 112 112 112 111 114 117 117 119 119 115 119 120 116 2007 : 123 127 133 134 137 139 142 134 : : All Crops : : 1910-14 = 100 : 2003 : 506 509 523 540 569 576 537 558 549 549 580 567 547 2004 : 554 584 590 595 595 598 577 583 557 544 544 511 569 2005 : 501 521 567 589 568 582 559 562 542 505 510 538 545 2006 : 528 547 564 590 617 619 609 615 594 561 600 622 589 2007 : 640 674 703 693 696 695 705 686 : : 1990-92 = 100 : 2003 : 103 103 106 109 115 117 109 113 111 111 118 115 111 2004 : 112 118 120 121 121 121 117 118 113 110 110 104 115 2005 : 102 106 115 120 115 118 113 114 110 102 103 109 111 2006 : 107 111 114 120 125 126 123 125 120 114 122 126 119 2007 : 130 137 143 140 141 141 143 139 -------------------------------------------------------------------------------- 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 : 361 347 352 347 347 344 341 342 353 358 364 373 352 2006 : 372 384 395 398 423 423 413 417 431 481 480 479 425 2007 : 480 491 489 502 505 532 567 509 : : 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 : 114 109 111 109 109 108 107 108 111 113 114 117 111 2006 : 117 121 124 125 133 133 130 131 136 151 151 151 134 2007 : 151 154 154 158 159 167 179 160 : : 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 : 340 326 340 343 354 366 377 357 336 306 297 324 339 2006 : 328 342 350 362 383 389 393 382 379 414 458 480 388 2007 : 485 538 539 539 567 568 541 539 : : 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 86 83 91 95 2006 : 92 96 98 101 107 109 110 107 106 116 128 134 109 2007 : 136 151 151 151 158 159 151 151 -------------------------------------------------------------------------------- 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 : 325 324 341 350 335 354 347 356 373 410 410 406 361 2006 : 411 413 423 410 392 401 396 387 400 390 402 417 403 2007 : 420 406 401 400 379 392 396 399 : : 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 78 77 76 78 76 79 81 79 2007 : 82 79 78 78 74 77 77 78 : : 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 1418 2006 : 1377 2007 : 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 94 2006 : 91 2007 : 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 : 715 805 901 935 930 882 824 662 521 530 529 545 732 2005 : 549 541 590 596 612 651 654 600 512 531 539 561 578 2006 : 573 556 546 541 556 552 550 512 478 522 584 603 548 2007 : 625 676 683 676 699 740 777 697 : : 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 99 108 109 112 119 120 110 94 97 99 103 106 2006 : 105 102 100 99 102 101 100 94 87 95 107 110 100 2007 : 114 123 125 124 128 135 142 127 : : Fruit and Nuts : : 1910-14 = 100 : 2003 : 548 551 605 664 744 809 843 871 880 880 832 680 742 2004 : 624 693 722 650 805 909 924 996 1060 1149 1041 836 867 2005 : 798 870 836 769 838 964 946 1020 1040 1024 977 877 913 2006 : 931 1010 958 934 974 1238 1199 1125 1200 1229 1154 1075 1086 2007 :1039 1077 1106 1019 1082 1071 1057 1064 : : 1990-92 = 100 : 2003 : 79 79 87 95 107 116 121 125 126 126 119 97 106 2004 : 89 99 103 93 115 130 132 143 152 164 149 120 124 2005 : 114 125 120 110 120 138 135 146 149 147 140 126 131 2006 : 133 145 137 134 140 177 172 161 172 176 165 154 156 2007 : 149 154 158 146 155 153 151 152 -------------------------------------------------------------------------------- 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 : 852 936 741 848 722 712 666 852 864 1037 1055 786 839 2005 : 618 783 1099 1212 900 923 741 790 857 758 755 1014 871 2006 : 847 763 883 997 1035 881 791 1016 1055 822 789 1006 907 2007 :1173 1125 1303 1184 1017 881 895 1082 : : 1990-92 = 100 : 2003 : 112 113 123 129 138 152 119 138 144 143 180 159 138 2004 : 127 140 111 127 108 107 100 127 129 155 158 118 126 2005 : 93 117 164 181 135 138 111 118 128 113 113 152 130 2006 : 127 114 132 149 155 132 118 152 158 123 118 151 136 2007 : 175 168 195 177 152 132 134 162 : : Potatoes and Dry Beans : : 1910-14 = 100 : 2003 : 533 554 567 592 590 559 570 483 458 443 479 493 527 2004 : 488 504 530 568 558 558 552 495 485 444 477 506 514 2005 : 534 535 578 566 576 573 622 574 491 472 539 578 553 2006 : 596 571 706 700 661 702 859 693 534 519 584 591 643 2007 : 612 634 720 731 711 710 699 688 : : 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 93 106 114 109 2006 : 118 113 139 138 131 139 170 137 106 103 115 117 127 2007 : 121 125 142 144 140 140 138 136 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 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 : 558 558 558 558 558 558 559 559 555 554 554 554 557 2005 : 559 559 559 559 559 559 558 558 563 563 563 563 560 2006 : 563 563 563 563 563 563 563 563 562 562 562 562 563 2007 : 563 563 563 563 563 563 563 563 : : 1990-92 = 100 : 2003 : 114 114 114 114 114 114 114 114 114 114 114 114 114 2004 : 113 113 113 113 113 113 113 113 113 112 112 112 113 2005 : 113 113 113 113 113 113 113 113 114 114 114 114 114 2006 : 114 114 114 114 114 114 114 114 114 114 114 114 114 2007 : 114 114 114 114 114 114 114 114 : : Food Commodities : : 1990-92 = 100 : 2003 : 97 96 96 98 104 106 104 110 112 116 122 116 106 2004 : 112 116 123 126 130 130 125 123 119 117 121 117 122 2005 : 116 117 123 126 122 121 118 119 120 115 118 120 120 2006 : 118 115 114 113 115 119 119 123 122 116 120 121 118 2007 : 124 128 135 136 139 140 144 135 -------------------------------------------------------------------------------- 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 981 932 907 902 915 918 933 2005 : 932 914 929 937 931 901 901 900 936 931 927 915 921 2006 : 900 870 841 807 801 843 848 877 894 892 890 867 861 2007 : 888 920 964 992 1029 1049 1078 989 : : 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 : 121 119 121 122 121 117 117 117 122 121 121 119 120 2006 : 117 113 110 105 104 110 111 114 116 116 116 113 112 2007 : 116 120 126 129 134 137 140 129 : : 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 1229 1222 2006 :1236 1220 1169 1133 1135 1180 1183 1210 1222 1197 1144 1109 1178 2007 :1121 1167 1209 1250 1265 1229 1233 1210 : : 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 : 122 120 115 111 112 116 116 119 120 118 112 109 116 2007 : 110 115 119 123 124 121 121 119 -------------------------------------------------------------------------------- 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 : 989 946 953 934 903 885 910 910 940 953 928 910 930 2006 : 885 830 774 744 731 731 719 737 799 836 854 873 793 2007 : 891 916 959 1020 1106 1241 1334 1067 : : 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 : 110 103 96 93 91 91 90 92 100 104 106 109 99 2007 : 111 114 119 127 138 155 166 133 : : 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 : 343 337 342 341 344 345 353 350 377 351 358 341 349 2006 : 319 302 313 293 289 325 329 347 348 345 374 350 328 2007 : 377 390 415 410 423 424 441 411 : : 1990-92 = 100 : 2003 : 108 104 104 99 103 109 109 112 115 118 124 121 111 2004 : 133 139 147 139 141 146 144 130 117 114 118 118 132 2005 : 122 120 122 121 122 123 126 125 134 125 127 121 124 2006 : 113 107 111 104 103 116 117 123 124 123 133 124 117 2007 : 134 139 148 146 150 151 157 146 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. 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 July Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 158 (1990-92=100), is unchanged from June 2007 but up 6.0 percent from July 2006. PRODUCTION INDEX: The July index, at 157, increased 0.6 percent from last month and 6.8 percent from last year. Lower prices in July for feed grains, feeder pigs, LP gas, and gasoline offset higher prices for feeder cattle, complete feeds, milk cows, and nitrogen fertilizers. Feed: The July index, at 149, increased 0.7 percent from June and 22 percent from last July. Since June, higher prices for complete feeds, feed concentrates, feed supplements, and hay & forages offset lower prices for feed grains. Livestock & Poultry: The July index, at 133, increased 3.9 percent from last month but decreased 0.7 percent from last year. Since June, higher prices for feeder cattle and milk cows more than offset lower prices for feeder pigs. The July feeder cattle price, at $110.90 per cwt, is up $4.40 per cwt from the June price. July feeder pigs averaged $103.00 per cwt, down $14.00 per cwt from June. Fertilizer: The July index, at 213, is up 1.9 percent from June and 25 percent above July a year ago. Since June, higher prices for nitrogen fertilizers and potash & phosphate more than offset lower prices for mixed fertilizers. Chemicals: The July index, at 130, is unchanged from June but increased 0.8 percent from last July. Fuels: The July index, at 261, is down 0.4 percent from a month earlier and 1.5 percent below July 2006. Compared with last month, prices are lower for LP gas and gasoline but higher for diesel fuel. Machinery: The July index, at 190, increased 0.5 percent from June and 4.4 percent above last July. Since June, prices are higher for other machinery and tractors. CONSUMER PRICE INDEX: The June 2007 Consumer Price Index, as issued by the Bureau of Labor Statistics, for all urban consumers (CPI-U) increased 0.2 percent before seasonal adjustment to a level of 208.352 (1982-84=100). This compares with the May index of 207.949. For the 12-month period ending in June, the overall index increased 2.7 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, July 2007 With Comparisons 1/ -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2006 : 2007 : 2006 : 2007 Ratios :---------------------------------------------- : Jul : Jun : Jul : Jul : Jun : Jul : Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1,988 *2,099 2,108 149 *158 158 Production : 1,425 *1,514 1,524 147 *156 157 Feed : 596 *720 727 122 *148 149 Livestock & Poultry : 1,718 *1,637 1,694 134 *128 133 Seeds : 1,838 2,086 2,086 186 211 211 Fertilizer : 626 *766 779 171 *209 213 Chemicals : 795 *802 801 129 *130 130 Fuels : 2,046 *2,020 2,015 265 *262 261 Supplies & Repairs : 1,033 *1,065 1,065 146 *150 150 Autos & Trucks : 2,976 *2,938 2,923 112 *110 110 Machinery : 4,563 *4,751 4,763 182 189 190 Building Materials : 2,079 2,115 2,122 153 156 156 Services & Rent : 1,584 *1,608 1,608 Services : 140 *144 144 Rent : 121 119 119 Interest 2/ : 3,452 3,778 3,778 138 151 151 Taxes 3/ : 4,343 4,570 4,570 162 171 171 Wage Rates : 6,281 6,571 6,571 168 176 176 Production, Interest, Taxes, : & Wage Rates (PITW) : 2,001 *2,125 2,136 149 *158 159 Family Living-CPI 4/ : 1,933 *1,979 1,979 151 *155 155 : : :---------------------------------------------- Ratio (Received\Paid) : 79 *88 90 Parity Ratio 5/ : 37 *42 43 Parity Ratio Adjusted 6/ : 40 *44 45 PPITW Adjusted for : Productivity 7/ : 1,327 *1,366 1,368 : : :---------------------------------------------- Crop Sector (PPITW) : 154 *162 163 Livestock Sector (PPITW) : 144 *153 154 : : :---------------------------------------------- Farm Sector (Production) : 137 *151 154 Non-Farm Sector (Production) : 152 *158 159 -------------------------------------------------------------------------------- * Revised. 1/ Revised historic price indexes for months not shown are available at www.nass.usda.gov. 2/ Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. 3/ Farm real estate taxes payable per acre. 4/ Bureau of Labor Statistics, Consumer Price Index for all urban consumers (CPI-U), for the previous month converted by the USDA. 5/ Ratio of index of prices received to PPITW (1910-14=100). 6/ 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. 7/ 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, July 2007 With Comparisons 1/ -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 2/ : 2006 : 2007 :----------------------------------------------------- : 2006 : 2007 : Jul : Jun : Jul -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 66.8 67.4 147 *156 157 : Feed : 10.9 10.9 122 *148 149 Feed Grains : 1.6 1.6 97 *152 140 Complete Feeds : 5.3 5.3 119 *140 143 Hay/Forages : 1.4 1.4 139 170 171 Concentrates : 1.7 1.7 125 *136 143 Supplements : 0.9 0.9 153 *172 176 Livestock & Poultry : 7.6 7.7 134 *128 133 Feeder Cattle : 6.0 6.0 135 126 131 Feeder Pigs : 0.6 0.6 122 *127 112 Milk Cow Replacements : 0.6 0.6 149 153 173 Poultry : 0.5 0.5 125 125 125 Seeds : 3.6 3.7 186 211 211 Field Crops : 3.3 3.4 191 218 218 Grasses/Legumes : 0.3 0.4 133 142 142 Fertilizer : 4.3 4.4 171 *209 213 Mixed Fertilizer : 1.9 1.9 154 *185 185 Nitrogen : 1.8 1.8 192 *237 243 Potash & Phosphate : 0.6 0.6 159 *199 208 Chemicals : 3.5 3.4 129 *130 130 Herbicides : 2.2 2.2 123 122 122 Insecticides : 0.8 0.8 143 148 148 Fungicides/Other : 0.5 0.5 127 132 132 Fuels : 2.9 3.1 265 *262 261 Diesel : 1.7 1.9 281 *275 279 Gasoline : 0.8 0.7 242 *245 240 LP Gas : 0.4 0.4 247 *234 216 Supplies & Repairs : 5.0 4.8 146 *150 150 Supplies : 1.7 1.6 137 140 140 Repairs : 3.3 3.2 150 *155 155 Autos & Trucks : 1.8 1.8 112 *110 110 Autos : 0.2 0.2 109 108 108 Trucks : 1.6 1.6 112 111 110 Machinery : 4.4 4.5 182 189 190 Tractors : 1.0 1.0 164 166 167 Self-Propelled : 1.7 1.8 189 196 196 Other Machinery : 1.7 1.7 185 *196 197 Building Materials : 4.0 4.3 153 156 156 Services : 12.2 12.2 140 *144 144 Custom Rates : 1.3 1.3 123 *125 125 Other Services : 10.9 10.9 141 *146 146 Rent : 6.7 6.7 121 119 119 Cash : 3.6 3.6 144 140 140 Share : 3.1 3.1 95 95 95 Interest : 4.2 4.0 138 151 151 Taxes : 2.9 2.9 162 171 171 Wage Rates : 7.8 7.8 168 176 176 Family Living-CPI : 18.4 18.0 151 *155 155 -------------------------------------------------------------------------------- * Revised. 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. 2/ Weights may not add due to rounding. Feed Price Ratios: United States, July 2007 with Comparisons -------------------------------------------------------------------------------- : 2006 : 2007 Feed Price Ratio 1/ :----------------------------- : Jul : Jun : Jul -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 6.7 *5.8 5.7 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 4.6 *6.3 10.6 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 23.5 *15.5 16.3 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 2.33 *2.88 3.19 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 42.1 *26.6 29.2 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 7.7 *6.1 6.5 -------------------------------------------------------------------------------- * 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, July 2007 with Comparisons -------------------------------------------------------------------------------- : : Entire Month : Preliminary Commodity : Unit :------------------------------------------- : : Jul : Jun : Jul : : 2006 : 2007 : 2007 -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.410 0.520 0.510 Eggs, Market : Doz : 0.237 0.497 0.812 : : Hogs, All : Cwt : 50.20 54.30 52.60 Milk, All : Cwt : 11.70 20.20 21.70 : : Steers and Heifers : Cwt : 90.00 93.30 94.30 Turkeys, Live : Lb : 0.459 0.520 0.555 : : Corn : Bu : 2.14 3.51 3.23 Hay, Alfalfa, Baled : Ton : 113.00 137.00 137.00 : : Soybeans : Bu : 5.61 7.51 7.92 Wheat, All : Bu : 3.88 5.03 5.37 -------------------------------------------------------------------------------- Feeder Livestock: Prices Paid, United States July 2007 with Comparisons -------------------------------------------------------------------------------- : : 2006 : 2007 Commodity : Unit :------------------------------------------- : : Jul : Jun : Jul -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 114.20 *106.50 110.90 Feeder Pigs : Cwt : 112.00 *117.00 103.00 -------------------------------------------------------------------------------- * Revised. 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 : 1727 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 : 1968 1961 1964 1973 1980 1986 1988 1989 1978 1970 1975 1987 1977 2007 : 2018 2038 2072 2095 2093 2099 2108 2075 : : 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 : 148 147 147 148 149 149 149 149 149 148 148 149 148 2007 : 151 153 156 157 157 158 158 156 : : 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 1778 1770 2005 : 1845 1847 1869 1886 1884 1892 1894 1903 1924 1945 1927 1934 1896 2006 : 1987 1978 1978 1986 1993 1999 2001 2000 1990 1983 1989 2002 1991 2007 : 2039 2062 2099 2123 2119 2125 2136 2100 : : 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 : 148 147 147 148 148 149 149 149 148 148 148 149 148 2007 : 152 153 156 158 158 158 159 156 -------------------------------------------------------------------------------- 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 : 1405 1397 1398 1411 1417 1423 1425 1425 1416 1404 1410 1422 1413 2007 : 1435 1455 1488 1513 1509 1514 1524 1491 : : 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 : 145 144 144 145 146 147 147 147 146 145 145 147 146 2007 : 148 150 153 156 156 156 157 154 : : 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 : 594 591 599 602 601 594 596 585 583 604 644 671 605 2007 : 679 718 740 720 711 720 727 716 : : 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 : 122 121 123 123 123 122 122 120 119 124 132 137 124 2007 : 139 147 152 147 146 148 149 147 -------------------------------------------------------------------------------- 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 : 1439 1404 1470 1546 1614 1714 1739 1754 1764 1796 1750 1704 1641 2005 : 1698 1696 1753 1820 1784 1752 1683 1697 1753 1819 1823 1829 1759 2006 : 1827 1776 1716 1677 1663 1721 1718 1732 1772 1694 1583 1588 1706 2007 : 1555 1587 1662 1701 1680 1637 1694 1645 : : 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 : 143 139 134 131 130 135 134 136 139 133 124 124 134 2007 : 122 124 130 133 131 128 133 129 : : 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 1838 2086 2086 2086 2086 1980 : : 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 : 186 186 186 211 211 211 211 200 -------------------------------------------------------------------------------- 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 : 691 673 664 659 649 638 626 621 616 620 620 635 643 2007 : 662 678 736 766 753 766 779 734 : : 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 : 189 183 181 180 177 174 171 169 168 169 169 173 175 2007 : 181 185 201 209 205 209 213 200 : : 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 : 783 783 781 777 796 794 795 795 799 797 807 796 792 2007 : 797 797 809 805 802 802 801 802 : : 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 : 127 127 126 126 129 128 129 129 129 129 131 129 128 2007 : 129 129 131 130 130 130 130 130 -------------------------------------------------------------------------------- 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 1988 1997 2046 2084 1873 1693 1705 1723 1843 2007 : 1690 1717 1854 1992 2028 2020 2015 1902 : : 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 : 221 218 226 244 258 259 265 270 243 219 221 223 239 2007 : 219 222 240 258 263 262 261 246 : : Supplies and Repairs : : 1910-14 = 100 : 2003 : 914 915 915 920 920 920 924 924 924 928 926 927 921 2004 : 937 938 936 944 945 946 949 949 955 959 960 964 949 2005 : 980 981 981 989 991 991 993 1002 1003 1006 1011 1012 995 2006 : 1014 1018 1020 1027 1028 1028 1033 1034 1034 1037 1037 1038 1029 2007 : 1052 1053 1052 1053 1053 1065 1065 1056 : : 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 : 148 148 148 148 148 150 150 149 -------------------------------------------------------------------------------- 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 : 2980 2976 2975 2967 2954 2938 2923 2959 : : 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 : 112 112 112 112 111 110 110 111 : : 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 4539 4547 4563 4578 4586 4595 4654 4662 4556 2007 : 4670 4681 4706 4740 4740 4751 4763 4722 : : 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 : 178 178 179 180 181 181 182 182 183 183 186 186 182 2007 : 186 187 188 189 189 189 190 188 -------------------------------------------------------------------------------- 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 2088 2081 2072 2072 2059 2007 : 2080 2083 2089 2102 2109 2115 2122 2100 : : 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 : 148 149 149 150 151 152 153 153 154 153 153 153 152 2007 : 153 153 154 155 155 156 156 155 : : 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 1585 1574 1572 1571 1573 2007 : 1591 1590 1589 1592 1596 1608 1608 1596 : : 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 : 142 142 141 142 142 144 144 142 : : 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 : 119 119 119 119 119 119 119 119 -------------------------------------------------------------------------------- 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 3778 3778 3778 3778 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 : 151 151 151 151 151 151 151 151 : : 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 4570 4570 4570 4570 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 : 171 171 171 171 171 171 171 171 : : 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 6319 6319 6281 6281 6281 6429 6429 6429 6390 2007 : 6688 6688 6688 6571 6571 6571 6571 6621 : : 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 : 179 179 179 176 176 176 176 177 -------------------------------------------------------------------------------- 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 : 1922 1933 1950 1963 1975 1979 1979 1957 : : 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 : 150 151 152 153 154 155 155 153 : : Production Items With Farm Origin 2/ : : 1990-92 = 100 : 2003 : 115 115 113 116 117 117 116 115 120 123 125 124 118 2004 : 122 123 126 132 135 135 136 132 130 129 126 124 129 2005 : 127 126 129 134 134 134 133 133 133 135 134 135 132 2006 : 137 135 135 136 136 137 137 136 137 137 138 141 137 2007 : 141 146 150 153 152 151 154 149 : : 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 : 149 148 149 150 151 152 152 152 150 149 149 149 150 2007 : 151 152 155 157 157 158 159 156 -------------------------------------------------------------------------------- 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 37 38 38 37 38 39 37 2007 : 39 40 41 41 42 42 43 41 : : 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 42 43 43 2006 : 39 39 39 38 38 40 40 41 41 40 41 41 40 2007 : 41 42 43 43 44 44 45 43 : : 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 80 78 80 81 78 2007 : 82 84 86 85 88 88 90 86 -------------------------------------------------------------------------------- 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 : 156 157 159 162 162 162 163 160 : : 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 : 144 143 143 143 144 144 144 144 144 143 144 145 144 2007 : 147 150 152 153 153 153 154 152 : : 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 1325 1327 1329 1327 1328 1325 1333 1333 1335 1331 2007 : 1354 1359 1366 1363 1365 1366 1368 1363 -------------------------------------------------------------------------------- 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 : 135 152 150 147 152 152 140 147 : : 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 : 122 121 122 121 119 119 119 118 117 118 128 135 122 2007 : 138 141 145 142 137 140 143 141 : : 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 : 148 151 155 164 178 170 171 162 : : 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 : 132 131 131 130 128 127 125 121 119 122 125 123 126 2007 : 120 140 143 140 131 136 143 136 -------------------------------------------------------------------------------- 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 : 154 151 157 153 148 147 153 144 141 153 166 177 154 2007 : 177 182 202 170 168 172 176 178 : : 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 : 115 117 124 129 128 126 131 124 : : 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 : 158 169 171 160 152 127 112 150 : : 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 : 147 147 147 153 153 153 173 153 -------------------------------------------------------------------------------- 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 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2005 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2006 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2007 : 125 125 125 125 125 125 125 125 : : 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 : 191 191 191 218 218 218 218 206 : : 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 : 133 133 133 142 142 142 142 138 : : 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 : 149 149 149 151 151 152 154 155 156 155 157 162 153 2007 : 168 171 179 189 186 185 185 180 -------------------------------------------------------------------------------- 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 : 236 226 220 213 209 202 192 189 187 190 190 195 204 2007 : 205 207 228 236 231 237 243 227 : : 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 : 168 162 167 171 163 160 159 154 150 151 144 145 158 2007 : 149 164 186 192 191 199 208 184 : : 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 : 121 122 122 121 124 124 123 123 124 123 124 122 123 2007 : 122 122 124 123 122 122 122 123 : : 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 : 142 142 140 139 143 143 143 144 145 145 147 145 143 2007 : 146 146 149 148 148 148 148 148 -------------------------------------------------------------------------------- 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 : 124 124 124 123 126 126 127 128 129 129 131 130 127 2007 : 130 131 133 133 133 132 132 132 : : 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 : 236 237 244 259 276 277 281 292 268 243 246 252 259 2007 : 241 242 260 277 273 275 279 264 : : 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 : 192 188 199 224 237 235 242 239 208 183 181 183 209 2007 : 182 184 206 228 252 245 240 220 : : 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 : 217 200 207 220 224 234 247 241 211 198 199 189 216 2007 : 184 202 210 225 234 234 216 215 -------------------------------------------------------------------------------- 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/ -------------------------------------------------------------------------------- : 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 : 134 134 135 136 136 137 137 138 138 138 139 139 137 2007 : 140 140 140 140 140 140 140 140 : : 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 : 153 153 153 153 153 155 155 154 : : 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 : 110 110 109 109 109 108 108 109 : : 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 : 112 112 112 112 111 111 110 111 -------------------------------------------------------------------------------- 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/ -------------------------------------------------------------------------------- : 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 : 158 159 159 159 161 161 164 163 163 164 164 165 162 2007 : 165 165 166 166 166 166 167 166 : : 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 : 185 185 186 187 188 189 189 189 189 190 194 194 189 2007 : 195 195 196 196 196 196 196 196 : : 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 : 182 183 184 185 185 185 185 187 187 188 189 189 186 2007 : 189 190 192 195 195 196 197 193 : : 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 : 125 125 125 125 125 125 125 125 -------------------------------------------------------------------------------- 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 : 138 138 139 139 139 142 141 142 142 140 140 140 140 2007 : 143 143 143 144 144 146 146 144 : : 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 : 140 140 140 140 140 140 140 140 : : 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 95 95 95 95 95 95 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current 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 Greg Thessen - Sugarcane, Sugarbeets, Barley (202) 720-2127 Lance Honig, Fruits,Vegetables & Special Crops Section (202) 720-2127 Dan Norris - Peaches, Pears, Hops, Pulses, Mint (202) 720-3250 Rich Holcomb - Citrus, Tropical Fruits (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 Doug Marousek - Tree Nuts (202) 720-4215 Livestock Prices Received Dan Kerestes, Chief, Livestock Branch (202) 720-3570 Shawn Clark, Livestock Section (202) 720-3570 Scott Hollis - Sheep, Lambs, Goats, 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 Toby Paterson - Turkeys (202) 720-0585 Sharyn Lavender - Broilers, Eggs, Honey (202) 720-3244 Indexes, Prices Paid, and Parity Prices Kevin Barnes, Chief, Environmental, Economics and Demographics Branch (202) 720-6146 Kevin Hintzman, Economics Section (202) 720-6146 Jennifer Sissom - 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, Grazing Fees (202) 690-3229 Daryl Brinkman - Prices Received Indexes, Parity Prices (202) 720-8844 ACCESS TO REPORTS!! 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